City Developments Limited (CDL)

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.
CDL pencils 1H21 net loss of up to $35 million, no thanks to the Covid-19 restrictions - THE EDGE SINGAPORE

Results

CDL pencils 1H21 net loss of up to $35 million, no thanks to the Covid-19 restrictions

CDL has also penciled a 25% to 30% drop in its pre-tax profit from the $13.8 million posted in 1HFY20
Sustainability reporting key to mobilise global capital, accelerate climate action: CDL - THE EDGE SINGAPORE

Environmental, Social and Governance

Sustainability reporting key to mobilise global capital, accelerate climate action: CDL

By blending various sustainability reporting standards, CDL has stayed abreast of global efforts to produce a common standard.
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.
CDL faces turnaround after China debacle - THE EDGE SINGAPORE

Company in the news

CDL faces turnaround after China debacle

For Singapore’s richest property family, the turnaround of City Developments Ltd. is just beginning.
CDL says it’s under 'no pressure' to divest assets after Millennium Hilton Seoul reported to sell for $1.19 bil - THE EDGE SINGAPORE

Property

CDL says it’s under 'no pressure' to divest assets after Millennium Hilton Seoul reported to sell for $1.19 bil

The comment comes after The Korea Herald stated that CDL Hotel Korea is planning to sell the luxury hotel for KRW1 trillion.
CDL reports global occupancy of 36.8% and global RevPAR of $44.6 in 1Q business update - THE EDGE SINGAPORE

Results

CDL reports global occupancy of 36.8% and global RevPAR of $44.6 in 1Q business update

As at March 31, CDL’s net gearing ratio stood at 65% with interest cover at 7.7 times.
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