City Developments Limited (CDL)

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.
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

Special Feature

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.
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