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City Development (CDL)
Property
CDL jointly acquires mixed-use development site in Shanghai for RMB8.94 bil with Chinese partner Lianfa Group
City Developments acquires choice site near Xintiandi for the equivalent of $2,027 psf ppr
27 days ago
Broker's Calls
RHB maintains ‘buy’ on City Developments at lowered target price of $7.30
RHB has kept 'buy' on City Developments at a lowered target price of $7.30, as the company underperformed against the STI.
June 11, 2024
Property
CDL, UOL could be most adversely affected by new property cooling measures among developers: CGS-CIMB
The analyst cites CapitaLand Investment as her top pick as it would be the least impacted by the new measures.
April 27, 2023
Sustainability
City Developments ranked 5th most sustainable corporation in the world
CDL has been included in the Global 100 ranking for 13 consecutive years.
January 19, 2022
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
Strong showing for private home prices in 1Q21, ahead of expectations: CGS-CIMB
Singapore private home prices have risen in the last four consecutive quarters by 6.2%.
April 05, 2021
Sustainability
CDL recognised by leading global sustainability ratings and rankings for its efforts in effective ESG integration and strong performance
CDL's low-carbon strategies and programmes have been designed to contribute to Singapore’s goal to achieve net zero emissions.
December 08, 2020
Broker's Calls
No catalysts in sight for CityDev as new housing initiatives threaten to curb buying sentiment: Jefferies
SINGAPORE (Aug 21): Jefferies is reiterating its “hold” call on City Developments (CDL) with a price target of $11, which is based on a 22% discount to a RNAV of $14, with the view that there are no immediate catalysts for the stock.
August 21, 2018