City Development Limited (CDL)

Sole consortium of giant developers bid for Jurong Lake District master developer site - THE EDGE SINGAPORE

Property

Sole consortium of giant developers bid for Jurong Lake District master developer site

The consortium comprises CapitaLand, City Developments, Frasers Property and Japan's Mitsubishi Estate and Mitsui Fudosan.

Insider moves

CDL initiates share buyback programme with purchase of 954,000 ordinary shares

CDL says its shares are currently trading significantly below their intrinsic value despite the company’s “strong fundamentals”.
Sheng Siong, Jumbo, Kimly, CDL, UOL, Sembcorp and Keppel expected to benefit from Budget 2024, says CGS International - THE EDGE SINGAPORE

Budget 2024

Sheng Siong, Jumbo, Kimly, CDL, UOL, Sembcorp and Keppel expected to benefit from Budget 2024, says CGS International

The measures proposed at the Singapore Budget 2024 was fairly expected, say analysts Lock Mun Yee and Lim Siew Khee.
'Sluggish year ahead' for real estate sector, RHB maintains 'neutral' call and names City Developments as top pick - THE EDGE SINGAPORE

Broker's Calls

'Sluggish year ahead' for real estate sector, RHB maintains 'neutral' call and names City Developments as top pick

Analyst Vijay Natarajan expects a further moderation in property prices in 2024, noting increasing supply and high interest rates.

Broker's Calls

CGS-CIMB keeps 'add' call and $8.97 on CDL following accretive purchase of Japan assets

The purchase is estimated to lift CDL's AUM in the 'living' sector to $1.7 billion and its overall AUM to $3.4 billion

Broker's Calls

Brokers' Digest: CDL, Centurion, Food Empire, Delfi, Nanofilm, AEM

See what the analysts have to say this week.
CICT and CDL remain unaffected by WeWork's bankruptcy warning (update) - THE EDGE SINGAPORE

Property

CICT and CDL remain unaffected by WeWork's bankruptcy warning (update)

The co-working company is a tenant at some of CICT, Suntec REIT, MPACT and CDL’s properties.
CDL first in Southeast Asia to apply two-pillar ESG disclosure framework in sustainability report - THE EDGE SINGAPORE

Sustainability

CDL first in Southeast Asia to apply two-pillar ESG disclosure framework in sustainability report

City Development Limited first in Southeast Asia to apply two-pillar ESG framework to sustainability report

Broker's Calls

Singapore property sector 'resilient' despite global slump; CDL and CLI preferred picks: Credit Suisse

Analysts are expecting the Singapore housing sector to show growth of 3% to 5% for 2023 even as the global market slump deepens.
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