Broker's Calls

CityDev kept at 'buy' amid record full-year revenue

SINGAPORE (Feb 21): Jefferies Singapore is keeping its “buy” recommendation on City Developments with a target price of $12.00, after the property developer beat revenue expectations for FY18.

Broker's Calls

CityDev downgraded as tables turn on exposure to Singapore residential market

SINGAPORE (July 9): OCBC Investment Research is downgrading City Developments to “hold”, from “buy” previously, and slashing its fair value estimate by nearly 40% to $9.59.


Exec condos in the limelight as CityDev JV outguns rivals with $509 mil bid for Punggol EC site

SINGAPORE (Feb 28): DBS Group Research believes property developers are bullish on land-banking in executive condominium (EC) sites in Singapore due to limited supply in the near term.

Broker's Calls

Buy these quality stocks on dips as the 'Great Singapore Sale' continues, says OCBC

SINGAPORE (Feb 7): With the latest surge in market volatility and resultant sell-offs, OCBC Investment Research is now declaring it the “Great Singapore Sale” for SGX-listed stocks upon viewing the

Broker's Calls

New condo at Amber Park site expected to be value-accretive for CityDev

SINGAPORE (Oct 5): CIMB says the new condo at the Amber Park site could add 5 cents to City Developments’ RNAV if the estimated selling price hits $2,200 psf.

Stocks To Watch

ST Engineering, Wilmar, ThaiBev, CityDev, Haw Par, Wing Tai

SINGAPORE (May 12): Here are some stocks to watch this Friday morning:

CityDev subsidiary acquires Shanghai commercial project for $186 mil

SINGAPORE (Feb 14): CDL China, a wholly-owned subsidiary of City Developments Limited (CDL), is acquiring a prime Shanghai commercial project, Meidao Business Plaza for RMB 900 million ($186 millio

Stocks To Watch

Sabana REIT, CityDev, Global Premium Hotels, Ezra, Tritech, King Wan, China Star Food, Addvalue

SINGAPORE (Feb 3): Here are some stocks that could move the market this Friday morning.

Stocks To Watch

CityDev, ST Engineering, Singapore Myanmar Investco, Sembcorp, ABR, Ley Choon

SINGAPORE (Jan 19): Here are some stocks that could move the market this Thursday morning:

Broker's Calls

Which developer stands to benefit from improving residential property sentiment?

SINGAPORE (Dec 8): The resurgence in volume growth and residential sentiment in the recent quarters is leading Credit Suisse to believe that these are an important first step towards a sustainable

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