CDL

SINGAPORE (Sept 19): Singapore’s property market received a boost from resale transactions in light of flagging primary sales in August, says DBS.

SINGAPORE (May 30): Daiwa Capital Markets has kept its ”buy” recommendation of City Developments Limited with an unchanged target price of $11.17 on the back of the possibility of its third Profit Participating Securities (PPS).

SINGAPORE (May 25): City Developments, Singapore’s second-largest developer, may seek to buy offices this year as rising interest rates makes such assets cheaper worldwide.

SINGAPORE (May 12): DBS Vickers and Maybank Kim Eng are maintaining their “buy” rating on City Developments (CDL) while CIMB Research is recommending investors “add” the shares of the developer to their portfolio.

SINGAPORE (May 11): City Developments (CDL) posted a 14% fall in 1Q16 earnings to $123.9 million, or 11.6 cents per share, from $144 million in 1Q15. This came on the back of a 11.2% fall in revenue to $723.3 million from $814.9 million.