City Developments (CityDev)

SINGAPORE (June 19): CGS-CIMB Research is keeping its “overweight” call on the Singapore property sector, following a 53% month-on-month surge in private home sales in May.

SINGAPORE (May 25): STI tests support at moving averages Despite a mild 16-point downward drift, the Straits Times Index is at an important juncture, as it tests the confluence of the 50- and 100-day moving averages at 3,507 to 3,510. Quarterly momentum

STi remains in consolidation mode SINGAPORE (May 19): The Straits Times Index eased by about 40 points during the week to close at 3,529. The confluence of the 50-and 100-day moving averages at 3,501 should provide support.

SINGAPORE (May 15): OCBC Investment Research and Phillip Capital are maintaining their respective “buy” and “accumulate” calls on City Developments.

SINGAPORE (Apr 3): OCBC Investment Research is maintaining “overweight” on Singapore’s residential sector with the view that valuations remain compelling for developers.

SINGAPORE (Mar 20): RHB is resuming coverage on City Developments (CDL) with an upgrade to “buy” from “take profit”, and a revised target price of $15 from $11.30 previously on expectations of an impending recovery of the residential segment this

SINGAPORE (Mar 16): CIMB Research is keeping its “overweight” rating on the Singapore property sector, despite primary home sales volume tumbling 61% to 377 units in Feb 2018, from 469 units a year ago.

SINGAPORE (Mar 12): OCBC is optimistic on the operational and earnings outlook of big Singapore developers with strong recurring income streams from diversified investment properties.

SINGAPORE (Feb 28): City Developments reported a 23.4% fall in 4Q17 earnings to $186.7 million while FY17 earnings came in 17.6% lower at $538.2 million.

SINGAPORE (Feb 20): UOB KayHian remains positive on property stocks and REITs saying the raising of BSD (Buyers Stamp Duty) rate is more of revenue collection than a property cooling measure.