The Silent $CDC

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What’s so exciting about this stock/company? By the way, this company pays dividends.

Cityland Development Corporation (CDC), formerly Statehouse Land Development Corporation, was incorporated on January 31, 1978. CDC publicly listed its shares on the Philippine Stock Exchange in March 1983.

The Company’s primary purpose is to acquire and develop suitable land sites for residential, office, commercial, institutional, and industrial uses. CDC’s projects include medium to high-rise office, commercial, and residential condominiums located in the cities of Makati, Mandaluyong, Manila and Pasig; and residential subdivisions and farmlots in Bulacan and Cavite.

Among the Company’s projects include Pines Peak Towear I, Grand Central Residences I, the Makati Executive Towers I, II and III, Corinthian Executive Regency, Manila Executive Regency and Rada Regency. CDC has two subsidiaries, namely, City & Land Developers, Inc., a real estate company, and Cityplans, Incorporated, a pre-need firm.

For the funda lovers the figures seems to be healthy.

Annual

For the fiscal year ended : Dec 31, 2014
Currency(and units, if applicable) : PHILIPPINE PESO

Balance Sheet
Item Current Year Previous Year
Current Assets 4,532,255,593 4,462,005,502
Total Assets 8,297,487,999 8,197,314,287
Current Liabilities 1,591,141,797 1,797,742,607
Total Liabilities 1,873,617,549 2,064,451,963
Retained Earnings/(Deficit) 1,997,774,818 1,894,148,244
Stockholders’ Equity 6,423,870,450 6,132,862,324
Stockholders’ Equity – Parent 5,535,537,321 5,256,836,596
Book Value 1.55 1.47
Income Statement
Item Current Year Previous Year
Gross Revenue 1,583,218,506 1,720,075,235
Gross Expense 1,045,383,791 1,073,275,314
Net Income/(Loss) Before Tax 537,834,715 646,799,921
Net Income/(Loss) After Tax 417,658,552 519,525,713
Net Income/(Loss) Attributable to Parent 370,514,844 423,260,092
Earnings/(Loss) Per Share (Basic) 0.10 0.12
Earnings/(Loss) Per Share (Diluted) 0.10 0.12

Quarterly

For the period ended : Sep 30, 2015
Currency(and units, if applicable) : PHP

Balance Sheet
Item Period Ended Fiscal Year Ended(Audited)
Current Assets 4,581,505,206 4,532,255,593
Total Assets 8,415,530,277 8,297,487,999
Current Liabilities 1,234,138,262 1,591,141,797
Total Liabilities 1,485,202,999 1,873,617,549
Retained Earnings/(Deficit) 2,486,875,605 1,997,774,818
Stockholders’ Equity 6,930,327,278 6,423,870,450
Stockholders’ Equity – Parent 6,024,161,193 5,535,537,321
Book Value 1.94 1.8
Income Statement
Item Current Year (3 Months) Previous Year (3 Months) Current Year-To-Date Previous Year-To-Date
Gross Revenue 499,102,814 347,989,593 2,185,025,227 1,125,367,805
Gross Expense 325,852,467 222,593,788 1,371,140,483 782,345,216
Net Income/(Loss) Before Tax 173,250,347 125,395,805 813,884,744 343,022,589
Net Income/(Loss) After Tax 137,244,408 99,110,166 610,251,715 271,231,435
Net Income/(Loss) Attributable to Parent 127,333,239 92,977,227 582,275,159 240,413,726
Earnings/(Loss) Per Share (Basic) 9,911,169 6,132,939 27,976,556 30,817,709
Earnings/(Loss) Per Share (Diluted) .04 .03 .16 .07

But what matters most is the price movement for those looking to make an income from capital gains.

Status Open Market Capitalization 3,429,062,834.88
Issue Type Common Outstanding Shares 3,571,940,453
ISIN PHY122051295 Listed Shares 3,573,878,400
Listing Date Aug 02, 1983 Issued Shares 3,573,878,400
Board Lot 1,000 Free Float Level(%) 25.07%
Par Value 1.00 Foreign Ownership Limit(%) 40%
Last Traded Price Open Previous Close and Date 0.96 (Mar 04, 2016)
Change(% Change) down  (%) High P/E Ratio
Value Low Sector P/E Ratio
Volume Average Price Book Value
52-Week High 1.20 52-Week Low 0.90 P/BV Ratio

This stock is coldly traded, but that doesn’t mean nothing is happening. There are 895,415,795 shares available in the market or 25% of the outstanding shares, only a few hands are selling occasionally, why are they holding?

CDC-03072016

Looking at the SWAG setup, there could be a good reason for holding; First, current holders aren’t willing to sell below 1.00, the SWAG gold cross is underway, smart money is moving in as indicated by MFI, Parabolic SAR is still bullish, so why sell or cut loss?

RECOMMENDATION: BUY ON WEAKNESS

As mandated by law, being a Certified Securities Representative, I can not guarantee against loss.

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