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CDL
Results
Jefferies keeps City Developments at "buy" following 1QFY2022 update
Valuation continues to be attractive at 0.9x stated book, 0.4x revalued book
May 24, 2022
Deals, joint ventures & alliances
CDL announces plans for Central Mall after $315m acquisition of Central Square
CDL says it will turn Central Mall, along with its surrounding area (including Central Square) into a mixed use development.
December 02, 2021
Environmental, Social and Governance
CDL receives Terra Carta Seal for sustainability leadership
CDL is the only Singapore company out of the 45 global corporations that received the recognition
November 04, 2021
Broker's Calls
Broker's Digest: ST Engineering, Frencken, CDL, Econ Healthcare (Asia)
See the analysts' recommendations and target prices here.
September 16, 2021
Company in the news
Fourth CDL director, Jenny Lim, quits board
Lim, a former KPMG partner, joined CDL's board back in June 2018
May 03, 2021
Broker's Calls
CapitaLand, UOL and CDL remain CGS-CIMB's top picks among 'overweight' property sector
CGS-CIMB analyst Lock Mun Yee has also forecast a 0% to 5% hike in private home prices for the FY2021, thanks to robust demand.
March 17, 2021
Investing ideas
The bigger the fall, the stronger the recovery for Singapore market: Credit Suisse
While some sectors in the Singapore economy have taken a beating, Credit Suisse believes this is a prelude to a strong recovery.
January 22, 2021
Company in the news
Is CDL oversold following the family disagreements over Sincere and M&C?
Kwek Leng Peck of City Developments steps down as director over disagreements with Chinese investment and M&C strategy
October 23, 2020
Broker's Calls
Strong August home sales see CGS-CIMB overweighting real estate
URA reported that primary home sales last month came in at 1,307 units - 1,256 excluding ECs - with sales volume up 11.8% y-o-y.
September 16, 2020
Company in the news
M&C's newly-appointed CEO Clarence Tan quits
Tan remains open to interesting or suitable opportunities that may come along
July 21, 2020