City Developments (CityDev)

Singapore economy

Singapore's economic growth may be bottoming out, Citi says

SINGAPORE (Nov 19): Singapore’s corporate earnings and economic growth may be bottoming out as cyclical indicators such as electronics exports show a slower pace of declines, according to Citigroup

Company in the news

CDL focuses on traditional fund management for recurring income as its three PPS wind down

SINGAPORE (Aug 19): City Developments’ fund management segment under chief investment officer Frank Khoo appears to be taking shape.

Right Timing

Right timing: Upside momentum intact for STI and blue chips

SINGAPORE (June 21): Here are three charts for our technical analysis this week:

STI with moving averages and momentum

Broker's Calls

CityDev's takeover offer of M&C likely to get approval from minority shareholders: RHB

SINGAPORE (June 10): RHB Research says CDL’s revised takeover offer to acquire the remaining 35% stake of its subsidiary Millennium & Copthorne hotels (M&C) is likely to gain approval from

Buyout

CityDev launches another takeover bid for Millennium & Copthorne Hotels with 685 pence per share offer

SINGAPORE (June 7): City Developments (CDL) has launched another takeover bid for Millennium & Copthorne Hotels (M&C).

Company in the news

CDL announces transformational China transaction amid 1QFY2019 earnings surge

SINGAPORE (May 20): On May 15, City Developments announced it had entered into agreements to invest in a 24% equity stake in Sincere Property Group, a stressed mainland Chinese developer, for RMB5.

Broker's Calls

How positive should investors be on CityDev's big China investment deal?

SINGAPORE (May 17): CGS-CIMB Research and Jefferies are maintaining their “buy” calls on City Developments Limited (CDL) with the respective price targets of $10.66 and $8.68, while RHB Research is

In print this week

Successful conclusion to PPS2 gives outsized returns to investors

SINGAPORE (Apr 29): On April 19, EdgeProp reported that two adjoining eight-storey Grade-A office buildings at 7 and 9 Tampines Grande were sold to a joint venture between Evia Real Estate and Metr

Property

Billionaire Kwek keeps it in the family with luxury condo sales

SINGAPORE (Apr 23): Billionaire property developer Kwek Leng Beng’s latest luxury condo in Singapore has seen robust demand since its launch last month.

In print this week

How to play URA's latest draft master plan

SINGAPORE (Apr 5): Kwek Leng Beng, executive chairman of City Developments, has his own views on what could make Sentosa an exciting place for a property investor.

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