Analysts have kept their “buy” calls on City Developments (CDL) after it reported its 1HFY2021 results on August 12, despite largely missing expectations.

See: CDL reports $32.1 mil loss for 1H21; special interim dividend of 3 cents per share declared

Macquarie Research kept its “outperform” call with a higher target price of $9.55. Similarly, Daiwa Capital Markets, and UBS Global Research kept their “buy” calls with higher target prices of $9.35 and $9.70 respectively.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook