City Developments Limited

CDLHT to broaden investment beyond hospitality assets - THE EDGE SINGAPORE

REITs

CDLHT to broaden investment beyond hospitality assets

As at Dec 31 2020, CDLHT has assets under management worth $2.9 billion.
CDL extends support to some 400 tenants as Singapore bans dining-in again - THE EDGE SINGAPORE

Company in the news

CDL extends support to some 400 tenants as Singapore bans dining-in again

According to CDL, 35.2% of these tenants are in the food and beverage business.
Nothing boring in boardrooms with action aplenty this past AGM season - THE EDGE SINGAPORE

Corporate moves

Nothing boring in boardrooms with action aplenty this past AGM season

Certain active shareholders are still in the mood to engineer changes within boardrooms even in this pandemic season
Citing disagreements over investment in China, Kwek Leng Peck quits CDL's board - THE EDGE SINGAPORE

Company in the news

Citing disagreements over investment in China, Kwek Leng Peck quits CDL's board

CDL has committed a total of $1.9 billion to support Sincere Property Group, in which it holds a 51% stake

Broker's Calls

IREIT stake acquisition provides more than just recurring income growth for CityDev, says Jefferies

SINGAPORE (May 3): Jefferies is maintaining “buy” on City Developments (CDL) with a target price of $12 based on 0.84 times book value. 

Results

CityDev’s FY16 earnings fall 15.5% to $653.2 mil

SINGAPORE (Feb 23): City Developments Limited (CDL) reported FY16 earnings of $653.2 million, which represents a 15.5% decline from the $773.4 million posted for FY15.

Broker's Calls

Which developer stands to benefit from improving residential property sentiment?

SINGAPORE (Dec 8): The resurgence in volume growth and residential sentiment in the recent quarters is leading Credit Suisse to believe that these are an important first step towards a sustainable recovery in Singapore’s property sector.

Investing strategy

Singapore stocks defensive in nature, geared to weather economic storm: UBS

SINGAPORE (Nov 22): UBS is upgrading Singapore equities to “neutral” in its Asia ex-Japan asset allocation, citing Singapore’s resilience due to its defensive nature.

Broker's Calls

3 developer stocks to snap up as Singapore property sales awaken

SINGAPORE (Nov 17): DBS Group Research is maintaining its view that the Singapore property market remains on a “modest correction path” while highlighting that developers trading at 0.75x P/NAV still remain attractive.

Broker's Calls

CDL overhang lifted with PPS for Nouvel 18

SINGAPORE (Oct 21): Maybank Kim Eng is maintaining its “hold” call on City Developments Limited (CDL) with a target price of $9.42, citing the lifting of a key stock overhang in Nouvel 18.
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