CityDev saw its revenue cross the $4 billion threshold for the first time, with a record full-year revenue of $4.2 billion in FY18.
SINGAPORE (Feb 21): Jefferies Singapore is keeping its “buy” recommendation on City Developments with a target price of $12.00, after the property developer beat revenue expectations for FY18.
“Full year revenue grew 10% and came in ahead of consensus estimates driven mainly by property development,” says analyst Krishna Guha in a flash note on Wednesday.
