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City Developments - Phillip Securities 2025-08-18: All Aboard The Divestment Train

City Developments: All Aboard The Divestment Train

Published:
City Developments (SGX:C09) | SGinvestors.io
  • Over S$1.5bn of divestments have been contracted year-to-date, including the sale of a 50.1% stake in the hotel, office, and retail components of South Beach, which is expected to generate a gain of S$465mil upon completion in 2H25.
  • In 1H25, property development was the standout, with PBT surging 1800% y-o-y to S$152mil, underpinned by strong Singapore residential sales and the full profit recognition of Copen Grand EC.

    • The Positives

    Strong Singapore residential sales and pipeline.

    This is a partial preview of the article. The complete article, including further analyst commentary on the outlook, valuation, dividend forecast, stock rating, target price, and more, is available on SGinvestors.io. Read the complete article on SGinvestors.io.





    Darren Chan Phillip Securities Research | https://www.poems.com.sg/ 2025-08-18


    Read also Phillip's most recent report:
    2026-05-25 City Developments - Strong Start To The Year.

    Previous report by Phillip:
    2026-03-05 City Developments - Unlocking Value Through Faster Recycling.

    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 Dividend Payout Dates & Corporate Actions,
    City Developments News



    City Developments Share Price Performance vs The STI
    City Developments Share Price vs STI Performance

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