Welcome!
sincere property group
Broker's Calls
Analysts positive on CDL's divestment as property group now on 'repair mode'
The analysts have given a range of target price estimates from $8 to $11.02 on CDL.
September 13, 2021
Company in the news
City Developments Limited to divest interest in Sincere
The consideration of US$1 took into account Sincere’s current liquidity issues and potential bankruptcy reorganisation.
September 11, 2021
Right Timing
Tough call: Buy CapitaLand or City Developments?
What should traders do, trade CapitaLand, near a 10 year high or City Developments at a 1 year low?
July 09, 2021
Company in the news
City Developments reiterates ring-fencing of exposure to Sincere amidst bankruptcy proceedings
CDL reiterates that it is ring fenced from Sincere Property Group's financial woes.
July 08, 2021
Global review
Opportunities for developers to acquire China business parks as country addresses debt danger
As Chinese developers default on their bond issues, local developers may swoop in on their assets.
March 19, 2021
Company in the news
CDL's China deal is a cautionary tale
In a case of a dream turning into a burden, City Developments Ltd. last month revealed a $1.78 billion write-down on Sincere.
March 15, 2021
Property
CDL plans bond issue as Sincere Property defaults, and blame game begins
City Developments announced the issuance of a new bond as its join venture partner in China defaulted on a bond.
March 12, 2021
Property
CDL and Sincere: the blame game begins as Sincere defaults on bond
Sincere Property Group attempts to lay the blame of its bond default at the feet of City Developments triggering a fierce rebuttal
March 11, 2021
Property
City Developments looks beyond Sincere
City Developments attempts to put ill fated acquisition of Sincere behind it and focus on unlocking value in Singapore
March 05, 2021
Property
CDL begins monetisation of Sincere’s assets
City Developments plans to acquire a Sincere Property tech park with pre-sales of $1.48 billion for $174 million
February 22, 2021