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.
Downtown Singapore is a new property playground

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.

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

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).

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

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:

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

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

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.

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).
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