City Development Limited (CDL)

SINGAPORE (Apr 11): March was a month riddled with bad news. As a result, the benchmark Straits Times Index (STI) tumbled 2.6% during the month, even though it ended 0.7% up for 1Q18.

SINGAPORE (Jan 31): DBS likes City Development Limited (CDL) among the Singapore property stocks as it returned to familiar hunting grounds, topping the tenders for two out of three government land sales sites (GLS) that closed on Tuesday evening.

SINGAPORE (Dec 11): UOB Kay Hian is maintaining its “buy” call on City Developments (CDL) with a target price of $14.03.

SINGAPORE (Nov 13): City Developments has capitalised on strong home buying sentiment in Singapore with sales value tripling to $1.8 billion in 9M17.

SINGAPORE (Oct 20): The independent directors of Millennium & Copthorne Hotels have agreed to support City Development’s takeover offer of 552.5 pence in cash.

SINGAPORE (Dec 6): Maybank Kim Eng is initiating coverage on property developer UOL Group with a “buy” and a target price of $7.39.

SINGAPORE (Nov 10): City Developments Limited (CDL) reported a 60.1% rise in 3Q16 earnings to $170.3 million from $106.4 million a year ago, bringing its earnings per share up 59.8% to 18.7 cents for the quarter from 11.7 cents in 3Q15.