City Developments Limited (CDL)

Results

CDL says it expects to record 'material impairment loss' on Sincere investment

City Development Limited (CDL) says it expects to make provisions for a “material impairment loss” on its investment in Sincere Property on Jan 21, given the “ongoing unprecedented challenges” for

CDL appoints special working group to review and improve liquidity and profitability for Sincere Property Group - THE EDGE SINGAPORE

Company in the news

CDL appoints special working group to review and improve liquidity and profitability for Sincere Property Group

City Developments Limited (CDL) has set up a special working group to review and improve liquidity and profitability of its 51.01% joint venture (JV) equity investment in Sincere Property Group.

CDL joint venture Sincere fetches higher sales for Chengdu residential project, wins management contract for Kunming transportation hub - THE EDGE SINGAPORE

Property

CDL joint venture Sincere fetches higher sales for Chengdu residential project, wins management contract for Kunming transportation hub

Sincere Group, the China-based joint venture of City Developments, has announced stronger sales and higher average prices for a Chengdu residential project.

STI dips slightly on cautious trading despite Phase 3 announcement - THE EDGE SINGAPORE

STI watch

STI dips slightly on cautious trading despite Phase 3 announcement

The Straits Times Index (STI) dipped 0.3% to 2,534.96 as at noon of Oct 26, from 2,543.57 last week.

Broker's Calls

Impacted by Covid-19, City Developments Limited focused on long-term: analysts

Despite facing impact from Covid-19 on all segments, City Developments Limited (CDL) is fixed on long-term recovery, with the hospitality sector expected to rebound after a vaccine is fou

REITs

CDL looks to list UK office REIT in 1Q2021; raises stake and support IREIT Global's rights issue

During a results briefing by City Developments (CDL), CEO Sherman Kwek said the group is exploring establishing a REIT listed on the Singapore Exchange for its commercial assets in UK and would mos

Results

CityDev 1H20 earnings plunge 99.1% to $3.1 mil

City Developments (CDL) saw its earnings plummet 99.1% to $3.1 million for 1H20 ended June, from the $362.0 million posted a year ago.

This stock is not just cheap, it's also well positioned for a recovery: DBS

Broker's Calls

This stock is not just cheap, it's also well positioned for a recovery: DBS

City Developments (CityDev) is too cheap to ignore, according to DBS Group Research in an Aug 6 report.

Results

CityDev warns of 'significant losses' in 1H20 mainly from the prolonged Covid-19 pandemic

SINGAPORE (July 13): City Developments Limited (CDL) is expecting a decline in its revenue for 1H20 from its hotel operations segment, property development segment, and investment properties segmen

REITs

IREIT Global secures five-year lease for 3,450 sqm of office space in Barcelona; one of the largest known rental transactions

SINGAPORE (June 18): The manager of IREIT Global announced on Thursday that it has secured a five-year lease for some 3,450 sqm of office space with AREAS, S.A.U.

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