Welcome!
City Developments Limited (CDL)
Environmental, Social and Governance
CDL secures $400 mil sustainability-linked loan from DBS with TNFD-aligned targets, the first of its kind
The SLL incorporates specific performance targets related to biodiversity conservation, waste management and water efficiency.
June 25, 2024
Broker's Calls
Brokers’ Digest: Pan-United, Yangzijiang Shipbuilding, Raffles Medical Group, Frencken, Japfa, Oiltek, CDL, AEM, DFI
See what the analysts have to say this week.
June 13, 2024
Broker's Calls
Brokers' Digest: Hongkong Land, ComfortDelGro, CDL, DFI Retail, LHN, Centurion, Parkway Life REIT, Singtel
See what the analysts have to say this week.
March 17, 2024
Broker's Calls
Analysts keep ‘buy’ calls on CDL but mostly cut TPs after full-year results
DBS is the most bullish with analysts Rachel Tan and Derek Tan noting that CDL is a “good buy” in the long term.
March 08, 2024
Property
CDL targets at least $1 bil in divestments this year
The group is also looking to close the gap between its share price and its RNAV.
February 29, 2024
Results
CDL’s FY2023 earnings down 75.3% to $317.3 mil on higher financing costs and lack of divestment gains
The board has recommended a final dividend of 8.0 cents bringing FY2023's total dividend to 12.0 cents per share.
February 28, 2024
Broker's Calls
OCBC lowers TP for City Developments to $7.20, in anticipation of further asset impairments for upcoming FY2023 results
CDL has shown signs of recovery from the pandemic, but soft global economic outlook and policy tightening measures are dampeners.
February 06, 2024
Sustainability
CDL, StarHub, Singtel among world's most sustainable listcos
CapitaLand Investment, which placed #56 in last year’s edition of Corporate Knights’ Global 100, has dropped out of the list.
January 18, 2024
Environmental, Social and Governance
CDL, UOB among 320 organisations that pledge to make nature-related disclosures by FY2025
This “first cohort” of 320 organisations plan to adopt the Taskforce on Nature-related Financial Disclosures' recommendations.
January 16, 2024
Broker's Calls
Bright spots in property likely to come from ECs, suburban condos in OCR and RCR and resale HDB flats: DBS
The brokerage has named CapitaLand Investment, CDL and GuocoLand as their top picks within the sector.
December 14, 2023