City Developments Limited (CDL)

CDL appoints Kwek Eik Sheng as Group COO, redesignates director - THE EDGE SINGAPORE

Company in the news

CDL appoints Kwek Eik Sheng as Group COO, redesignates director

The nephew of executive chairman Kwek Leng Beng has held various roles in CDL and is currently the group's chief strategy officer.

Broker's Calls

Citi recommends buying CDL and UOL on share price weakness after cooling measures announced

Citi has given CDL and UOL target prices of $11.02 and $8.87 respectively.

Broker's Calls

CDL divestment of Seoul hotel seen as 'right move' by RHB

In a report dated Dec 14, RHB Group Research has also kept its target price of $9 on the counter.

Property

CDL to divest Millennium Hilton Seoul and adjoining land for $1.26 bil at 'significant premium to book value'

The group is expected to recognise an estimated gain of $529.73 million.
CDL 'confident' on 'steady and sustained' recovery with 'better growth trajectory' in near-term: 3QFY21 update - THE EDGE SINGAPORE

Results

CDL 'confident' on 'steady and sustained' recovery with 'better growth trajectory' in near-term: 3QFY21 update

As at Sept 30, CDL’s net gearing ratio stood at 66% with interest cover at 2.7 times.
Potential listing of UK-focused office S-REIT could unlock value for CDL: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

Potential listing of UK-focused office S-REIT could unlock value for CDL: CGS-CIMB

"With an asset base of some $24 billion, City Developments is well-placed to extract more value from its properties."
PhillipCapital re-initiates 'buy' on CDL with TP of $9.19; RHB keeps TP of $8.50 - THE EDGE SINGAPORE

Broker's Calls

PhillipCapital re-initiates 'buy' on CDL with TP of $9.19; RHB keeps TP of $8.50

The analysts see several upsides to CDL, including its strong development pipeline that could catch Singapore’s property upcycle.

Broker's Calls

UOB Kay Hian estimates CapitaLand Investments' TP to be $3.64; maintains 'market weight' on property sector

Shares in CLI closed flat at $2.95 on its first day of listing on Sept 20.
Analysts positive on CDL's divestment as property group now on 'repair mode' - THE EDGE SINGAPORE

Broker's Calls

Analysts positive on CDL's divestment as property group now on 'repair mode'

The analysts have given a range of target price estimates from $8 to $11.02 on CDL.
ESG: Doing good, and we’ve been doing it a while - THE EDGE SINGAPORE

1000th issue

ESG: Doing good, and we’ve been doing it a while

We go way back and take a look at the evolution of ESG, the sector that is transforming the financial industry from within.
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