Welcome!
City Development Limited (CDL)
Global Economy
Briefs: MAS evaluates more crypto safeguards; US Fed may further raise rates; CDL's CIO resigns
Check out some of the top news this week.
July 07, 2022
Broker's Calls
More solid earnings recovery expected for the rest of the year, analysts maintain positive on CDL
CDL's hospitality segment should continue to trade well for the rest of 2022 with the rebound in global travel.
May 26, 2022
Broker's Calls
Things are not looking bright for the real estate sector this year: RHB
2022 is expected to be a quiet year for the real estate sector.
January 17, 2022
Company in the news
City Developments Limited to divest interest in Sincere
The consideration of US$1 took into account Sincere’s current liquidity issues and potential bankruptcy reorganisation.
September 11, 2021
Results
CDL records $1.78 bil impairment on Sincere Property Group; declares $1.92 bil loss for FY20
Despite the losses, the group has declared total dividend of 12.0 cents per share for the FY2020.
February 26, 2021
Company in the news
Third CDL director resigns in relation to Sincere Property investment
CDL has since appointed Lee Jee Cheng Philip as independent non-executive director on Jan 4 to replace her role.
January 04, 2021
Results
CDL reports 62.7% decline in RevPAR of $54.30 in 3Q update, says Singapore residential property market remains 'resilient'
CDL says it expects to record losses for the FY2020 owing to the unprecedented collapse of global travel and tourism from Covid-19
November 30, 2020
Company in the news
CDL appoints Deloitte & Touche as external financial advisor to evaluate investment in Sincere Property Group
The financial advisory services company will assist CDL in further evaluating and reviewing its investment in Sincere Property.
November 04, 2020
Broker's Calls
Analysts maintain their 'buy' calls but cuts earnings estimates following CityDev’s 'weak' 1H20 results
Analysts from CGS-CIMB Research, DBS Group Research, OCBC Investment Research, RHB Research, and UOB Kay Hian are maintaining their “add” or “buy” calls on City Developments Limited (CDL) despite its less-than-stellar 1H20 earnings results.
August 18, 2020
REITs
Specific triggers lead to outperformance by FLCT and IREIT Global since 1QFY2020 lows
To date, the best performing REIT since the market made its low on March 23 this year is Frasers Logistics and Commercial Trust (FLCT), which was formerly known as Frasers Logistics and Industrial Trust. The renaming followed its merg
June 19, 2020