City Developments Limited (CityDev)

Analysts maintain 'buy' on CDL with unchanged target prices on mixed 1Q21 performance - THE EDGE SINGAPORE

Broker's Calls

Analysts maintain 'buy' on CDL with unchanged target prices on mixed 1Q21 performance

Analysts from CGS-CIMB and OCBC Investment Research have kept their target prices at $8.97 and $9.12 respectively.
CDL to divest Copthorne Orchid Hotel & Resort Penang in Malaysia for $25 mil - THE EDGE SINGAPORE

Property

CDL to divest Copthorne Orchid Hotel & Resort Penang in Malaysia for $25 mil

This is CDL’s third non-core hotel asset disposal since the beginning of 2020.

CityDev makes share buybacks at $9.485

SINGAPORE (Aug 16): Property giant City Developments Limited (CDL) has bought shares from the open market for the first time. On Aug 16, the company bought 300,000 shares at an average price of $9.485, which is a discount of nearly 15% of its net asset va

Right Timing

Market plumbs to oversold lows

SINGAPORE (July 7): Here are some charts for our technical analysis this week:

Broker's Calls

Property sector kept at 'overweight' by CIMB with UOL and CityDev as top picks

SINGAPORE (Apr 3): CIMB is maintain the property and development sector at "overweight" with UOL and City Developments as top picks after q-o-q private homes price hike came in strongest in nearly eight years.

Broker's Calls

Developers turning more cautious when replenishing landbanks, says DBS

SINGAPORE (Feb 19): DBS says developers are turning more choosy in adding to their Singapore landbank.

Broker's Calls

Millennium & Copthorne privatisation unlocks value for City Developments, say analysts

SINGAPORE (Oct 10): Brokers are unanimously positive on City Developments' potential offer for Millennium & Copthorne Hotels, given that the acquisition will be value accretive to the group.

Broker's Calls

CityDev gets an upgrade on strong 1H17 home sales, upcoming launches

SINGAPORE (Aug 14): OCBC Investment Research has upgraded its call on City Developments (CityDev) to “buy” from “hold” with a higher fair value estimate of $12.39 from $10.50 previously, after updating its valuation model with its latest assumptio
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