developer

Broker's Calls

IREIT stake acquisition provides more than just recurring income growth for CityDev, says Jefferies

SINGAPORE (May 3): Jefferies is maintaining “buy” on City Developments (CDL) with a target price of $12 based on 0.84 times book value. 

Results

Low Keng Huat posts 34% lower 4Q earnings of $3.5 mil on revenue decline

SINGAPORE (April 2): Low Keng Huat has announced 4Q18 earnings of $3.5 million, declining 34% y-o-y from $5.3 million on the back of lower revenue.   

Broker's Calls

It's onward and upward for CapitaLand going into FY19, say analysts

SINGAPORE (Feb 21): CGS-CIMB Research, DBS Vickers Securities and OCBC Investment Research are maintaining “buy” on CapitaLand with the respective price targets of $3.56, $3.62 and $3.98, after the

Results

CapitaLand reports 18.8% lower 1Q earnings to $319.1 mil on absence of one-off gain

SINGAPORE (Apr 30): CapitaLand posted an 18.8% decline in 1Q18 earnings to $319.1 million from $392.8 million a year ago, on the absence of a $160.9 million gain from the sale of The Nassim in 1Q17

Broker's Calls

After bulking up, this property play is ready to enjoy even greater growth

SINGAPORE (Feb 28): CIMB is reiterating its “add” recommendation on UOL Group with a target price of $9.67, which is based on a 20% discount to a higher RNAV of $12.09 after adjust

Broker's Calls

GuocoLand to continue enjoying strong earnings momentum ahead: CIMB

SINGAPORE (Feb 2): CIMB Research is maintaining its “add” call on GuocoLand while raising its target price to $2.88 from $2.82 previously, after tweaking RNAV projections post the property develope

Property

Oxley announces soft opening of Mercure Singapore on Stevens

SINGAPORE (Dec 8): Property developer Oxley Holdings has announced the soft opening of Mercure Singapore on Stevens, a 518-guestroom development with an all-day restaurant, an executive lounge, a f

Broker's Calls

UOL assets marked up on UIC consolidation after a strong but 'unsurprising' 3Q

SINGAPORE (Nov 13): OCBC Investment Research and Maybank Kim Eng are maintaining their “buy” calls on property developer UOL Group with higher target prices of $9.70 and $9.85 respectively.

Results

Hatten Land posts 63.2% rise in 1Q earnings to $1 mil on higher progressive sales

SINGAPORE (Nov 7): Property developer Hatten Land has announced RM3 million ($1 million) in earnings for 1Q18, rising 63.2% from RM1.8 million a year ago on higher revenue and lower expenses.

Adding developer Chip Eng Seng as residential market recovers

(Oct 9): Home prices rose 0.5% in the third quarter of this year, the first rebound in four years, according to flash data released by URA on Oct 2.

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