City Developments - RHB Research 2026-03-02: More Clarity On Value Unlocking; BUY

• City Developments (SGX:C09)’s 2H and full-year core earnings were broadly in line. The key takeaway from management’s briefing was a clear shift in strategy towards value unlocking via asset recycling, in order to deliver better ROE and reward shareholders with higher dividends.
• - Read this at SGinvestors.io -

Undertaking strategic review with more divestments on the cards.

• - Read this at SGinvestors.io -
• City Developments also intends to unlock value from its global living sector portfolio, which has a total GDV of ~S$3.7bn into a private fund.
• We expect strong institutional interest on this, considering its good operational performance and strong investor demand, resulting in better valuation. This comes after a pivotal 2025 which saw City Developments divesting ~S$2bn worth of assets exceeding its investment value as it enhanced its focus on portfolio optimisation.

Tailwinds from strong residential sales to continue.

• Read more at SGinvestors.io.

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

Previous report by RHB:
2026-01-05 City Developments - Winds Of Change; BUY.

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