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City Developments (CDL)
Broker's Calls
CityDev rated 'outperform' by Credit Suisse after resumption of coverage
SINGAPORE (Oct 18): Credit Suisse is resuming coverage of City Developments with an ‘outperform” call and a target price of $11.60.
October 18, 2019
Property
Downtown Singapore is a new property playground
(Sept 29): Singapore’s property industry is coming to terms with the idea that, in about a decade, the city may no longer have a central business district. Landlords couldn’t be more chuffed.
September 29, 2019
Environmental, Social and Governance
City Developments, Sembcorp Industries and CapitaLand top sustainability class
SINGAPORE (Sept 16): Real estate and hotel group City Developments tops the table in The Edge Singapore’s Billion Dollar Club sustainability category, which measures a company’s commitment to strong environmental, social and governance principles. Mar
September 13, 2019
Sustainability
City Developments secures $250 mil sustainability-linked loan from DBS
SINGAPORE (Sept 4): City Developments Limited (CDL) has secured an SDG Innovation Loan worth $250 million from DBS, to accelerate innovative solutions that promote UN sustainable development goals (SDGs).
September 04, 2019
Company in the news
CDL focuses on traditional fund management for recurring income as its three PPS wind down
SINGAPORE (Aug 19): City Developments’ fund management segment under chief investment officer Frank Khoo appears to be taking shape. He has a target of $5 billion in assets under management (AUM) to be achieved by 2023, excluding the Profit Participatio
August 16, 2019
Right Timing
Right timing: Upside momentum intact for STI and blue chips
SINGAPORE (June 21): Here are three charts for our technical analysis this week:
June 21, 2019
Global Economy
Trump signals more uncertainty with 'what’s up here'; economists trim Singapore GDP forecast
SINGAPORE (June 17): US President Donald Trump is not letting up on his threats to hit China with a new set of tariffs as talks between the two economic giants show scant signs of progress. China, on the other hand, did not give a clear indication if Pres
June 14, 2019
Broker's Calls
CityDev kept at 'buy' by Jefferies amid renewed takeover bid for Millennium & Copthorne Hotels
SINGAPORE (June 11): Jefferies Singapore is keeping its “buy” recommendation on City Developments (CDL) with an unchanged target price of $12.00, amid a new takeover offer to acquire the remaining 34.8% stake in Millennium & Copthorne Hotels (M&C) for
June 11, 2019
Broker's Calls
CityDev's takeover offer of M&C likely to get approval from minority shareholders: RHB
SINGAPORE (June 10): RHB Research says CDL’s revised takeover offer to acquire the remaining 35% stake of its subsidiary Millennium & Copthorne hotels (M&C) is likely to gain approval from minority shareholders.
June 10, 2019
Buyout
CityDev launches another takeover bid for Millennium & Copthorne Hotels with 685 pence per share offer
SINGAPORE (June 7): City Developments (CDL) has launched another takeover bid for Millennium & Copthorne Hotels (M&C).
June 08, 2019