CDL

CDL first to obtain OCBC's 1.5°C loan with three-year GBP200 mil sustainability-linked facility - THE EDGE SINGAPORE

Environmental, Social and Governance

CDL first to obtain OCBC's 1.5°C loan with three-year GBP200 mil sustainability-linked facility

Launched in March, the 1.5°C loan provided by OCBC incentivises corporates to set and work towards emissions reduction targets.

Property

Briefs: CDL impacted by higher interest costs; WeWork's impact on REITs

CDL's earnings hurt by higher interest costs, concerns over WeWork's presence in the CBD

Property

CDL acquires Nine Tree Premier Hotel Myeongdong II

CDL re-enters Seoul with premier hotel acquisition after divesting Millennium Seoul Hilton in 2022
Robust Singapore and Japan portfolios to drive CDL Hospitality Trust’s NPI FY2023 growth - THE EDGE SINGAPORE

Broker's Calls

Robust Singapore and Japan portfolios to drive CDL Hospitality Trusts' NPI FY2023 growth

Based on the analysts' forecasts, CDLHT’s revenue is likely to grow by 21.1% y-o-y in FY2023.
RHB keeps 'buy' on CDL following recent acquisition moves  - THE EDGE SINGAPORE

Broker's Calls

RHB keeps 'buy' on CDL following recent acquisition moves

CDL's core earnings are expected to rebound this year from healthy residential sales and the hospitality sector recovery.
CDL marks 60th anniversary in style with record earnings and total FY2022 dividends of 28 cents - THE EDGE SINGAPORE

Results

CDL marks 60th anniversary in style with record earnings and total FY2022 dividends of 28 cents

The record earnings were boosted by a series of divestment gains

Broker's Calls

More solid earnings recovery expected for the rest of the year, analysts maintain positive on CDL

CDL's hospitality segment should continue to trade well for the rest of 2022 with the rebound in global travel.

Results

Jefferies keeps City Developments at "buy" following 1QFY2022 update

Valuation continues to be attractive at 0.9x stated book, 0.4x revalued book
CDL announces plans for Central Mall after $315m acquisition of Central Square - THE EDGE SINGAPORE

Deals, joint ventures & alliances

CDL announces plans for Central Mall after $315m acquisition of Central Square

CDL says it will turn Central Mall, along with its surrounding area (including Central Square) into a mixed use development.
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