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Citi recommends buying CDL and UOL on share price weakness after cooling measures announced

Felicia Tan
Felicia Tan12/24/2021 12:24 PM GMT+08  • 4 min read
Citi recommends buying CDL and UOL on share price weakness after cooling measures announced
Citi has given CDL and UOL target prices of $11.02 and $8.87 respectively.
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Citi Research analyst Brandon Lee has recommended investors buy into City Developments Limited (CDL) and UOL on the current weakness in both counters’ share prices.


See: Fresh set of property cooling measures with immediate effect and Property counters on SGX see red as cooling measures kick in

Property counters on the Singapore Exchange (SGX) declined in the morning of Dec 16 as the government announced another round of property cooling measures in the wee hours of Dec 15.

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