CityDev (C09) Stock Analysis: Are Things Really Rosy?

Table of Contents


All articles are for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade or investments.


All articles are for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade or investments.

Table of Contents

This article is for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade/investment.

Famed for its hot property market and prices, Singapore is the world’s priciest place to live in.

Property prices have been rising fast and the government has responded with multiple cooling measures.

The latest cooling measure took effect about 2 weeks ago.

Does this bode well for CityDev, one of Singapore’s largest real estate companies?


Brief History of CityDev


Founded in 1963 along Orchard Road, CityDev grew at a rapid pace.

The company faced some of the most difficult moments in the 1960s when protests were prevalent.

Surviving those tough years, CityDev grew from strength to strength by expanding into the hospitality industry and entering many countries.

Has its financials grown stronger in the past few years?

It’s time to find out!


Business Model and Financials

CityDev Income Statement

A quick glance at CityDev’s total revenue (blue bar) reveals that it has been climbing from 2017 to 2018 before dropping from 2019 to 2020, and finally rising again from 2021 to 2022.

Switching your attention to its net income (yellow bar), you’ll also notice growth in the same years as its total revenue!

This is normal for companies in the real estate sector.

With the macroeconomic headwinds, are things really rosy for CityDev?

To answer this question, let’s refer to its price chart for clues.


Technical Analysis on Citigroup (SGX: C09)


Chart of CityDev

Can you tell if things are rosy for CityDev by looking at its price chart shown above?

With the help of the arrow and Trend Impulse Factor indicators, you can!

You don’t need to spend precious time in plotting your usual technical analysis drawings, and think of the tools to use.

It’s obvious that CityDev’s share price is in a downtrend as there are more red (outlined and solid) candles than blue (outlined and solid).

Having determined its price trend, you’ll want to be looking for a short position trading opportunity.

It’s time to look at the two indicators that were mentioned earlier – the arrow and Trend Impulse Factor indicators.

Do you see a red arrow above the latest candle of CityDev?

The appearance of the red arrow suggests that a new downtrend is forming.

Next, you’ll want to look at the color of the Trend Impulse Factor indicator’s bar.

A dark green bar indicates that the downtrend might last for some time, making it more worthwhile to short the shares of CityDev.

However, the time to short its shares isn’t here yet.




CityDev started small and grew rapidly.

The real estate business is largely cyclical and there are a number of headwinds as cooling measures set in, in addition to a looming recession.

Based on CityDev’s price chart, it’s clear that its share price is in downtrend. Yet, the time to short isn’t here yet.

Both the arrow and Trend Impulse Factor indicator have been tested and proven. They form the TradersGPS (TGPS) system to help you decipher if a stock is ripe for a position trade. You won’t have to feel in the dark and make wild guesses.


If you’re struggling to make money from the market, just do this ONE thing in 2023:

If you’re like most people, you probably think that building a profitable side income stream from the stock market is something that is extremely difficult to achieve, and time-consuming as well.

And you probably know that one friend or relative who has lost a lot of hard-earned money to the market despite being ‘experienced’.

And especially since 2022 was a time when we saw many people in the red, bag-holding 20-80% losses…

It’s understandable to see why most people have such a grudge towards the idea of profiting from the market.

But what if I told you that amongst the many skills required to be profitable in trading…

There is one simple skill that will never make you feel that making money in the stock market is difficult ever again?

A skill that, if mastered, can dramatically increase your chances of success in the stock market.

I’m talking about the skill of identifying the right strong stocks.

If you have heard of this before but still do not have it figured out yet, let today be the day you get it right.

You see, the #1 problem with most ‘experienced’ traders who just can’t seem to make money consistently from the market despite having consumed tons of learning resources & materials is not because there is a problem with their strategies.

It’s because unbeknownst to them, they are constantly buying the WRONG stocks.

Stocks that have very bad set-ups, price movement, and in general just a low probability of moving in the direction you wish for.

In fact, this process of picking the right stocks is a crucial step that most people don’t even think about.

Ask yourself this, what is your current process for knowing what stocks to buy?

Companies that you like such as TSLA, META, AAPL etc..?

Stocks that your friends tell you to buy?

Stocks that you read about in financial news, blogs or Youtube videos?

Or even stocks that you spend hours reading up their financial reports and doing fundamental analysis?

If you have done any one of the above, you are making a dangerous mistake and that has to change.

Knowing how to pick strong stocks with the highest profit potential using a proper proven strategy is half the battle won.

It instantly eliminates any potential ‘bad characteristics’ of the stock and significantly increases your chances of being right in the trade.

Once you know how to pick strong, potential stocks, whatever comes after (knowing when to buy or sell) becomes a breeze and you can start expecting to see real, consistent results.

That’s how exactly I was able to still execute 20-40% and higher trades last year when the entire market was down.

So if you think profitable trading is difficult, think again.

I’ve trained thousands of students who started off with complete 0 experience and whose portfolio results are now lightyears ahead of their peers who started learning years before them.

That’s the power of mastering this very simple skill of identifying the right strong stocks.

It literally gives you the weapon to be able to profit in all sorts of market conditions, because opportunities are ALWAYS in the market. It’s all about knowing how to find them!

I hope you’ve learnt this very important lesson today, but more importantly, take action in pursuing the mastery of this skill.

I have an upcoming free LIVE training demonstrating my exact process on how I find strong stocks in less than 15 minutes using a very simple strategy.

What I will be revealing is a tested and proven counter-intuitive approach that you’ve probably never seen before, and it’s something you can apply almost immediately.

So if you’re excited to cut through the B.S and master the intricate skill of profitable trading…

Register your seats here and join me LIVE very soon!

P.S You can also get to ask me any stocks you are currently thinking of buying and I’ll show you if it’s a strong stock and whether the odds are stacked in your favour or not!


Share this post:


Eric Lim

Having being coached in trading and in many aspects of life, Eric is a firm believer of success being the result of having a strong foundation. Hardwork, dedication, and practice are essential ingredients. He's always fascinated by the stock market and enjoys sharing his knowledge and discovery of the markets as a form of giving back to society. Swing and position trading are his favorite trading strategies.

Leave a Reply

Your email address will not be published. Required fields are marked *

Share this post:


Copy My No Brainer Trading Strategy


Copy My No Brainer Trading Strategy

Get Started HERE With Our FREE Market-Timing 101 Video Course


Copy My No-Brainer Trading Strategy