City Developments (CDL)

SINGAPORE (Feb 28): City Developments reported a 23.4% fall in 4Q17 earnings to $186.7 million while FY17 earnings came in 17.6% lower at $538.2 million.

SINGAPORE (Feb 20): UOB KayHian remains positive on property stocks and REITs saying the raising of BSD (Buyers Stamp Duty) rate is more of revenue collection than a property cooling measure.

SINGAPORE (Jan 28): City Developments has failed in its takeover bid of Millennium and Copthorne Hotels (M&C Hotels).

SINGAPORE (Jan 24): City Developments has extended its final offer deadline to 1pm, Jan 26, in its bid for Millennium & Copthorne Hotels plc.

SINGAPORE (Jan 17): City Developments says it is not extending its Jan 26 deadline for its offer to privatise Millennium & Copthorne Hotels.

SINGAPORE (Jan 16): Maybank Kim Eng Research is keeping its “positive” rating on Singapore’s real estate sector as property developer stocks are expected to ride on the market’s cyclical upturn.

SINGAPORE (Jan 16): CIMB is retaining its sector “overweight” on Singapore’s property market while anticipating for primary home sales to improve  y-o-y to 11,000 to 12,000 units, and private home prices to rise by up to 5% y-o-y.

SINGAPORE (Dec 25): From the en bloc craze to meteoric spikes in tech stocks, 2017 has been coloured by significant asset price gains. Driven by the rally in blue chips, the Straits Times Index is up 18.5% in the year to Dec 18, a notable improvement from

SINGAPORE (Dec 21): City Developments (CDL) has sent out the offer documents for the buyout of Millennium & Copthorne (M&C) Hotels to the latter's shareholders.

SINGAPORE (Dec 13): United Overseas Bank (UOB) is working with Mamahome to provide the payment service for the Shanghai-based start-up providing apartment rental matching services in its first overseas market outside China.