City Developments (CDL)

All of the properties will be leased back to Decathlon through a 10-year sale and leaseback agreement.

CGS-CIMB believes valuations for Singapore developers are still inexpensive.

Inculcating sustainability in their business has helped CDL and Keppel Corp to become Champions of Good

December 2020 new home sales rose 130% y-o-y and 54% m-o-m to 1,265 units.

Koh's resignation comes two months after Kwek Leng Peck stepped down as non-executive and non-independent director of CDL.

Keppel Corp shows signs of bottoming with potential to breakout while CDL gets increasingly oversold on selling pressure.

According to the Urban Redevelopment Authority (URA), primary home sales grew 4.6% y-o-y and 5.6% m-o-m to 1,329 units in Sept.

DBS believes that most negatives are priced in at an average price to net asset value of 0.6 time, which is close to levels back in the global financial crisis (GFC).

City Developments (CDL) may have guided for a substantially weaker performance in 1H20, but the property developer is still in the good books of OCBC Investment Research.

On July 1, Frasers Centrepoint Trust (FCT) announced it has exercised its rights of pre-emption under the bye-laws of PGIM Real Estate AsiaRetail Fund (ARF) to acquire another 12.07% stake for $197.2 million.