SINGAPORE (May 17): CGS-CIMB Research and Jefferies are maintaining their “buy” calls on City Developments Limited (CDL) with the respective price targets of $10.66 and $8.68, while RHB Research is keeping its “neutral” rating on the stock with a target price of $9.20. This comes post the r...

Submitted By:  Nathanielle Punay Case Study:  No The firm will indirectly hold a 24% stake in Sincere. City Developments Limited (CDL) has entered into agreements t...

CITY Developments Limited (CDL) more than doubled its net profit to S$199.6 million for its first quarter to March 31, from S$85.3 million for the year-ago period, boosted by strong profit margins for development projects and realisation of a S$144.3 million pre-tax gain from the divestment ...

THE ongoing trade spat and China's credit crunch may have created opportunities for Singapore developers, with City Developments Limited (CDL) becoming the latest to seal a major property deal in China.

CITY Developments Limited (CDL) more than doubled its net profit to S$199.6 million for its first quarter to March 31, from S$85.3 million for the year-ago period, boosted by strong profit margins for development projects and realisation of a S$144.3 million pre-tax gain from the divestment...

CITY Developments Limited (CDL) more than doubled its net profit to S$199.6 million for its first quarter to March 31, from S$85.3 million for the year-ago period, boosted by strong profit margins for development projects and realisation of a S$144.3 million pre-tax gain from the divestment...

Submitted By:  Arianna Danganan Case Study:  No The $144.3m pre-tax gain from the Manulife Centre divestment pushed up earnings. City Developments’ (CDL) prof...

SINGAPORE (May 15): City Developments (CDL) has announced earnings of $199.6 million for the 1Q ended March, rising 133.8% from restated 1Q18 earnings of $85.3 million on strong profit margins and the realisation of a pre-tax divestment gain. The bottomline growth came despite a 29.5% y-o-y decline...

Submitted By:  Nathanielle Punay Case Study:  No The early bird average selling price were at $2,425 psf. The 592-unit Amber Park sold 115 units or 77% of the 150 r...

SINGAPORE (May 3): Jefferies is maintaining “buy” on City Developments (CDL) with a target price of $12 based on 0.84 times book value.  This follows news of the developer acquiring a 50% stake in IREIT Global’s manager, along with a 12.4% stake in the REIT from Tikehau Capital and another i...