City Developments (CDL)

December 2020 new home sales rose 130% y-o-y and 54% m-o-m to 1,265 units.

Koh's resignation comes two months after Kwek Leng Peck stepped down as non-executive and non-independent director of CDL.

Keppel Corp shows signs of bottoming with potential to breakout while CDL gets increasingly oversold on selling pressure.

According to the Urban Redevelopment Authority (URA), primary home sales grew 4.6% y-o-y and 5.6% m-o-m to 1,329 units in Sept.

DBS believes that most negatives are priced in at an average price to net asset value of 0.6 time, which is close to levels back in the global financial crisis (GFC).

City Developments (CDL) may have guided for a substantially weaker performance in 1H20, but the property developer is still in the good books of OCBC Investment Research.

On July 1, Frasers Centrepoint Trust (FCT) announced it has exercised its rights of pre-emption under the bye-laws of PGIM Real Estate AsiaRetail Fund (ARF) to acquire another 12.07% stake for $197.2 million.

Morgan Stanley are forecasting a 14% total return potential for Singapore equities over the next 12 months.

“The slow but steady recurring income build-up, strong balance sheet, and brand name, coupled with an experienced management team, should help CDL emerge stronger from the crisis,” says RHB analyst Vijay Natarajan.

The markets are likely to be spooked at the opening bell after Singapore on Thursday evening announced its first confirmed case of the deadly Wuhan virus. Here's what you need to watch out for.