City Developments (CDL)

SINGAPORE (July 10): Maybank Kim Eng is maintaining its “positive” stance on Singapore’s property sector on improving market sentiment and robust bids in recent government land tenders.

SINGAPORE (June 2): Within one week, three en-bloc sales were closed with the latest being MCL Land putting a robust $765 million bid for Eunosville.

SINGAPORE (May 12): Maybank Kim Eng is maintaining its “hold” call on City Developments with an unchanged target price of $9.80 as it sees limited upside after the strong rally year to date.

SINGAPORE (April 21): For the second consecutive week, the benchmark Straits Times Index has trended down. From April 11 to 18, the STI lost 1.3% to close at 3,137.5 points. Our portfolio, too, fell 1.3%, with Golden Energy and Resources, Cogent Holdings

SINGAPORE (Feb 24): CIMB is maintaining its “add” call on City Developments with higher target price of $10.51. Even though FY16 earnings excluding exceptionals came in flat, FY17 earnings should be well supported by China and UK residential developme

SINGAPORE (Feb 16): City Developments says wholly-owned subsidiary, Global City International, has acquired an additional 30% stake in Suzhou Global City Genway Properties Co. from Suzhou Industrial Park Genway Housing Development Group Co.

SINGAPORE (Jan 17): City Developments is expected to pounce on more acquisition opportunities this year to capitalise on the current market weakness, says RHB.

SINGAPORE (Jan 3): RHB is betting on top picks in Consumer Staples, Healthcare, Land Transport, Offshore & Marine and REITs sectors to hold up well against a weak macroeconomic environment.

SINGAPORE (Nov 10): Shares of City Developments rose as high as 1.2% to $8.60 after the company reported a 60% rise in its 3Q earnings, helped by higher property sales and gains from the divestment of its stake in a hospitality firm.

SINGAPORE (Nov 1): The slowdown continues for Singapore’s property developers and real estate investment trusts (REITs), according to 3Q16 data by the Urban Redevelopment Authority (URA).