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City Developments Limited
Results
City Developments announces new launches, lower interest cover in 1QFY2024 update
CDL announces new launches, AEIs for four hotels, higher gearing and lower interest cover.
May 21, 2024
Property
CDL-MCL Land's Tembusu Grand 53% sold at an average price of $2,465 psf
Tembusu Grand marked CDL and MCL’s first launch of 2023.
April 09, 2023
Results
CDL marks 60th anniversary in style with record earnings and total FY2022 dividends of 28 cents
The record earnings were boosted by a series of divestment gains
February 23, 2023
Results
Jefferies keeps City Developments at "buy" following 1QFY2022 update
Valuation continues to be attractive at 0.9x stated book, 0.4x revalued book
May 24, 2022
Investing ideas
Phillip Securities bets on banks and property; calls HRnetGroup a 'rare gem'
The way for investors here to better position themselves with inflation looming is via property and banking stocks
October 14, 2021
REITs
CDLHT to broaden investment beyond hospitality assets
As at Dec 31 2020, CDLHT has assets under management worth $2.9 billion.
July 26, 2021
Company in the news
CDL extends support to some 400 tenants as Singapore bans dining-in again
According to CDL, 35.2% of these tenants are in the food and beverage business.
July 21, 2021
Corporate moves
Nothing boring in boardrooms with action aplenty this past AGM season
Certain active shareholders are still in the mood to engineer changes within boardrooms even in this pandemic season
May 07, 2021
Company in the news
Citing disagreements over investment in China, Kwek Leng Peck quits CDL's board
CDL has committed a total of $1.9 billion to support Sincere Property Group, in which it holds a 51% stake
October 21, 2020
Broker's Calls
IREIT stake acquisition provides more than just recurring income growth for CityDev, says Jefferies
SINGAPORE (May 3): Jefferies is maintaining “buy” on City Developments (CDL) with a target price of $12 based on 0.84 times book value.
May 03, 2019