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Home / Capital / Brokers Calls

CityDev gets an upgrade on strong 1H17 home sales, upcoming launches

Broker's Calls

CityDev gets an upgrade on strong 1H17 home sales, upcoming launches

Michelle Zhu Published on Mon, Aug 14, 2017 / 12:57 PM GMT+8

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SINGAPORE (Aug 14): OCBC Investment Research has upgraded its call on City Developments (CityDev) to “buy” from “hold” with a higher fair value estimate of $12.39 from $10.50 previously, after updating its valuation model with its latest assumptions and firmer average selling prices (ASPs).

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