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City Developments (CDL)
Property
City Developments’ acquisitions likely to top $2 bil this year with Xintiandi purchase
CDL's 51% stake in a Xintiandi site takes total acquisitions ytd to $2 billion as it seeks to meet its divestment goal of $1 billion
22 days ago
Property
Mixed reactions to City Developments' purchase of a choice site in Xintiandi
Analysts are positive on CDL's acquisition of Xintiandi site, estimating 21% margin in PBT, but query divestment delay
24 days ago
Property
Behind the numbers at CapitaLand Investment’s and CityDev’s briefings
CLI and CDL have taken different paths to profitability and both are facing challenges
August 15, 2024
Right Timing
Watch for balance sheet liquidity, not just P/NAV
For valuations, look beyond P/NAV to balance sheet liquidity to identify undervalued stocks
June 13, 2024
Broker's Calls
Brokers’ Digest: Singtel, Prime US REIT, CDL, LHN, Hongkong Land, Fu Yu Corp, Sheng Siong, Cromwell European REIT
See what the analysts have to say this week.
May 31, 2024
Broker's Calls
PhillipCapital keeps ‘buy’ on CDL despite higher gearing and lower interest cover
The analyst continues to view CDL as a proxy for the Singapore residential market and hospitality recovery.
May 23, 2024
Buybacks
CDL steps up share buybacks, spends nearly $13 million over three trading days
As at Dec 31 2023, CDL's NAV per share was $10.12
March 12, 2024
Broker's Calls
CDL top pick for Singapore residential sector; robust pipeline of launches ahead: DBS
DBS sees CDL as a proxy to Singapore's residential property market and notices trends that could boost CDL's share price up.
January 23, 2024
Property
CDL joins CLI in guiding for lower FY2023 earnings
Core operating earnings have not been significantly impacted
December 21, 2023
Results
CDL reports total sales value of $325 mil for 3QFY2023 as market sentiments improve
Sales were largely driven by the July launch of The Myst along Upper Bukit Timah Road.
November 23, 2023