City Development Limited (CDL)

Despite the losses, the group has declared total dividend of 12.0 cents per share for the FY2020.

CDL has since appointed Lee Jee Cheng Philip as independent non-executive director on Jan 4 to replace her role.

CDL says it expects to record losses for the FY2020 owing to the unprecedented collapse of global travel and tourism from Covid-19

The financial advisory services company will assist CDL in further evaluating and reviewing its investment in Sincere Property.

Analysts from CGS-CIMB Research, DBS Group Research, OCBC Investment Research, RHB Research, and UOB Kay Hian are maintaining their “add” or “buy” calls on City Developments Limited (CDL) despite its less-than-stellar 1H20 earnings results.

To date, the best performing REIT since the market made its low on March 23 this year is Frasers Logistics and Commercial Trust (FLCT), which was formerly known as Frasers Logistics and Industrial Trust. The renaming followed its merg

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.

SINGAPORE (Aug 16): CapitaLand and City Developments Limited (CDL) jointly announced that they, in a joint venture (JV), have secured a mixed-use residential and commercial site in Sengkang Central for $777.78 million.

SINGAPORE (June 28): Under the latest 2H18 land sale programme, the Singapore government has released land sites for a total of 8,040 residential units -- 2,775 confirmed and 5,335 reserve, 930 hotel rooms and 124,200 sqm of commercial space.

SINGAPORE (May 14): The hotel arm of City Development Limited (CDL), Millennium Hotels and Resorts announced that Chinese guests are now able to pay for their accommodations and dining via WeChat Pay.