- 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
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2022-11-25
Read also OCBC's most recent report:
2024-03-01 City Developments - Targeting Divestments As Gearing Rises.
Previous report by OCBC:
2024-02-01 City Developments - Valuations Still Low Notwithstanding Expected Asset Write-Downs.
Price targets by 2 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 Dividends & Corporate Actions,
City Developments News Articles
