Analysts see further upside for City Developments Limited (CDL) following its record-high earnings in 1HFY2022.On Aug 11, CDL posted record earnings with net profit after tax and non-controlling interest (PATMI) of $1.13 billion for the 1HFY2022 ended June.The period’s earnings is a reversal from ...

CITY Developments Limited (CDL) on Thursday (Aug 11) posted a record net profit of S$1.1 billion for the first half ended Jun 30, reversing from a net loss of S$32.1 million recorded in the same period last year.

The manager of IREIT Global, which is jointly owned by Tikehau Capital and City Developments Limited (CDL), has reported a distribution per unit (DPU) of 1.41 Euro cents (1.99 cents) in the 1HFY2022 ended June, down by 1.4% y-o-y.The lower DPU was due to the larger base of 1.16 billion units during ...

Singapore’s economy is seen to slow from the wider global woes of inflation and geopolitical risks. Yet, Singapore stocks are seen to continue earnings growth as the companies here ride on growth momentum of exports and strong recovery in services. Consequently, RHB Group Research maintains its ea...

Towards the end of CapitaLand Investment’s (CLI) results briefing which started at 8.30am on Aug 11, Grace Chen, head of investor relations, remarked that its share price was down 7%. In afternoon trading, CLI’s share price recovered, ending Aug 11 down 4.39% on the previous session’s close.Fo...

City Developments’ (CDL) shareholders would have cheered the special dividend of 12 cents per share and an ordinary interim dividend of three cents per share in 1HFY2022.During the six months ended June, CDL divested the Millennium Hilton Seoul for around $1.2 billion, and a gain of some $500 mill...

City Developments Limited (CDL) has posted record earnings with net profit after tax and non-controlling interest (PATMI) of $1.13 billion for the 1HFY2022 ended June.The half-year period’s earnings is a reversal from the $32.1 million loss seen in the 1HFY2021. It is also the highest PATMI achiev...

CITY Developments Limited (CDL) on Thursday (Aug 11) posted a record net profit of S$1.1 billion for the first half ended Jun 30, reversing from a net loss of S$32.1 million recorded in the same period last year.

Focusing on sustainability issues is nothing new for property groups such as City Developments Limited (CDL). CDL is the first and only Singapore company to be included in the Global 100 Most Sustainable Corporations index in the world for 13 consecutive years.

CDL Hospitality Trust (CDLHT) recently announced its 1HFY2022 ended June results and analysts have mixed sentiments on the trust.To recap, the trust’s manager on July 29 announced a distribution per stapled security of 2.04 cents for 1HFY2022, up 67.2% y-o-y, as travel demand resumes. Net property...

First Sponsor Group, which is 35.72% held by City Developments, and 45.63% owned by Tai Tak Estates, reported earnings of $71.3 million for the 1HFY2022 ended June.The half-year period’s earnings represented an increase of 3.5% over the earnings of $69.0 million in the same period the year before....

The manager of Far East Hospitality Trust (FEHT) has reported a 40% surge in distribution per share (DPS) of 1.54 cents for the 1HFY2022 ended June, from the DPS of 1.10 cents in the 1HFY2021.Distribution to the REIT’s stapled security holders increased by 41.0% y-o-y to $30.6 million, which inclu...

RHB Group Research analyst Shekhar Jaiswal has a positive outlook for Singapore equities in 2HFY2022 as the economic reopening, the country’s safe haven status and its currency should help the Straits Times Index (STI) to outperform most regional markets.In his Singapore equity strategy report, Ja...

In its second inter-meeting move this year, the Monetary Authority of Singapore (MAS) further tightened the exchange rate policy by re-centring up the official SGD NEER policy band by an estimated 170bps. MAS also upgraded both its 2022 headline and core CPI forecasts to 5%–6% and 3%– 4% respect...

On July 8, Hwa Hong Corp’s current directors were informed by the Securities Industry Council that the solicitation of alternative offers to the 40 cents offer by Sanjuro United by Evercore (Asia) “in particular the solicitation of competing offers, cannot remain unclarified, and that shareholde...