City Developments - OCBC Investment 2022-11-25: Macro Headwinds A Potential Dampener

• Robust recovery in hospitality segment.
• City Developments's proactive capital recycling to unlock value for shareholders.
• Softer global economic outlook and higher interest rates a potential dampener.

Firm recovery in City Developments (CDL)'s hotel operations

• - Read this at SGinvestors.io -
• According to data from STR, revenue per available room (RevPAR) in the US for the period 13 to 19 Nov 2022 came in 19.8% higher than the comparable week in 2019. Outside of the US, global occupancy rates increased 3.6 percentage points (ppt) week-on-week to 63.9% for the period 6 to 12 Nov 2022. This week-on-week improvement was the largest of the past 37 weeks, with 70% of all countries recording an increase.
• - Read this at SGinvestors.io -

Proactive in capital recycling activities

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Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2025-02-27 City Developments - Muted Results & Potential Share Price Overhang.

Previous report by OCBC:
2024-08-15 City Developments - Subdued Capital Recycling Backdrop.

Price targets by 3 other brokers at City Developments Target Prices.

Listing of research reports at City Developments Analyst Reports.

Relevant links:
City Developments Share Price History,
City Developments Announcements,
City Developments Dividend Payout Dates & Corporate Actions,
City Developments News