RHB Group Research analyst Vijay Natarajan is keeping his “buy” call on City Developments (CDL) with an unchanged target price of $9.75 after the property group released its updates for the 3QFY2022 ended Sept 30 on Nov 30.To Natarajan, CDL’s business updates were “in line”. They also show...

OCBC Investment Research is reiterating its “hold” recommendation on property developer City Developments Limited (CDL) with a fair value estimate of $8.74, lowered from $9.12 previously, as the research team sees current macro headwinds as a potential dampener for the group’s outlook.While th...

In a business update, City Developments (CDL) says that the group along with its joint venture associates sold 95 units valued at $281 million in 3Q2022. Sales were slower for the quarter as the company has a low inventory of unsold units.For the nine months to Sept 30, 2022, CDL sold 802 units valu...

CITY Developments Limited (CDL) saw sales slow in its third quarter ended Sep 30, as the property player had a low inventory of unsold units with no new launches in the quarter.

HANOI : Vietnam's Ho Chi Minh City Development Joint Stock Bank, or HDBank, plans to raise up to $500 million issuing convertible dollar-denominated bonds in the international market, the lender said on Wednesday. HDBank will next month seek its shareholders' approval for the issuance of t...

The Stewardship Asia Centre (SAC) has unveiled its inaugural Steward Leadership 25 (SL25), an annual list of 25 initiatives from organisations in the Asia Pacific region that create sustainable economic value.SAC is a non-profit organisation established by Temasek in 2014. The SL25 was unveiled with...

Copen Grand executive condominium (EC) in Tengah Town opened for e-application for second-time buyers from November 17 to 23. Sales booking commenced on the morning of November 26, and all the remaining 146 units were taken up before 1 pm. Transacted prices for the units sold range from $1.09 millio...

IREIT Global - which counts Tikehau Capital and City Developments as sponsors and owners of the manager - owns 37 freehold properties comprising five office properties in Germany, five office properties in Spain and 27 retail properties in France, with a total lettable area of around 384,000 sqm and...

BILLION DOLLAR CLUB: REITS Frasers Logistics & Commercial Trust (FLCT) is one of the REITs under Frasers Property with a portfolio of more than 100 logistics and commercial properties worth around $6.5 billion spread over five major developed countries — Singapore, Austral...

The transition to net zero will require us to transform how we live and work. As a densely populated metropolis in the tropics, Singapore is a living lab to develop testbeds and commercialise green solutions for urban living, says Ravi Menon, managing director of the Monetary Authority of Singapore ...

The pandemic put the brakes on international travel in early 2020. But now, global travel is on a solid rebound, despite the intermittent resurgence of Covid-19 variants.According to the United Nations World Tourism Organization (UNWTO), international tourist arrivals worldwide during the first five...

Are Singapore’s banking and property markets unscathed from higher rates? DBS Group Research analysts say property prices are set to moderate amid higher interest rates and tighter lending limits, but a significant drop is unlikely.“We see a slowdown in prices of the Singapore property market to...

Come Nov 2 to 4, tens of thousands would again throng the cavernous halls of the Singapore Expo as the Singapore FinTech Festival is back as a physical event. This comes after two years in which the SFF was first held as a virtual event, and subsequently, a scaled-down hybrid event because of the pa...

Stay defensive and look for value opportunities among Singapore Exchange (SGX) names, says RHB Group Research analyst Shekhar Jaiswal in a Singapore strategy note.“Given the rising global macroeconomic risks, equity markets are likely to continue being volatile. Investors should maintain a defensi...

City Developments Price target: DBS Group Research ‘buy’ $10.50 Potential to unlock hidden value DBS Group Research analysts Rachel Tan and Derek Tan have maintained their “buy” call on City Developments (CDL) with a target price of $10.50 as they believe that its potential to unlock hidden...