Home Capital Broker's Calls

Analysts see up to 25% upside for CDL following record earnings in 1HFY2022

Jovi Ho
Jovi Ho8/12/2022 01:45 PM GMT+08  • 5 min read
Analysts see up to 25% upside for CDL following record earnings in 1HFY2022
Year to date, CDL (+21%) has outperformed both developers (+9%) and the STI (+5%).
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Analysts see further upside for City Developments Limited (CDL) following its record-high earnings in 1HFY2022.

On Aug 11, CDL posted record earnings with net profit after tax and non-controlling interest (PATMI) of $1.13 billion for the 1HFY2022 ended June.

The period’s earnings is a reversal from the $32.1 million loss in 1HFY2021. It is also the highest PATMI achieved since CDL’s inception in 1963.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.