City Developments - Q-o-q Improvements Across All Segments
- For 9M21, City Developments (SGX:C09) enjoyed stronger residential sales while occupancies remained high for its investment properties.
- Outlook improving with better performance across residential and hospitality.
- Commercial segment stable with slightly higher committed occupancy q-o-q.
- Reiterate ADD call on City Developments with an unchanged target price of S$8.97.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
LOCK Mun Yee CGS-CIMB Research | https://www.cgs-cimb.com 2021-11-17 2021-11-17
Read also CGS-CIMB's most recent report:
2022-08-12 City Developments - Lifted By Better Hotel Operations & One-Offs
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