CityDev

 a drop of 33% in net profit of $115m as it was hit by impairment losses of about S$37m made on two M&C hotels.


Excluding impairment and privatisation costs, PATMI would have declined by 11.4%. 

Results doesn't look rosy!
I think price likely go lower!

Chart wise, It may likely retest 10.58 level. Breaking down of this level plus high volume then it may continue to slide down towards 10.36 level with extension to 10.00.

Not a call to buy or sell.
Pls dyodd.