Management has indicated it would continue to deploy capital into Singapore as well as look for strategic opportunities overseas. It could look to unlock value of existing older assets such as Tanglin Shopping Centre, Katong Shopping Centre, the Delphi and Arcade.
SINGAPORE (Aug 14): RHB continues to like CityDevelopments for its robust balance sheet and ability to deploy capital into new investments.
In a Friday report, RHB analyst Lock Mun Yee says CityDev’s balance sheet remains lowly geared at 0.16x as at 2Q17.
