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City Developments Limited (CDL)
Sustainability
Steel company tops Corporate Knights' Global 100, four Singapore names among world's most sustainable listcos
A dollar invested in an index composed of Global 100 companies on Feb 1, 2005, would have generated a return 1.2 times higher.
January 19, 2023
Property
CDL acquires five PBSA assets in the UK for $357 mil
Upon the completion of the acquisitions, CDL’s PBSA portfolio will have six assets and 2,368 beds in total.
December 15, 2022
Broker's Calls
CDL is 'undervalued' despite share price outperformance year-to-date: RHB
To RHB analyst Vijay Natarajan, CDL’s business updates were “in line” with his expectations.
December 05, 2022
Broker's Calls
Macro headwinds a potential dampener for CDL: OCBC
Despite CDL posting a recovery, OCBC is weary on its growth prospects due to macroeconomic headwinds.
December 01, 2022
Broker's Calls
DBS explains what higher interest rates spell for banks and developers CDL, UOL, Guocoland
Households could potentially face $1,000 per month higher mortgage payments on the new rates once loans are refinanced.
November 01, 2022
Broker's Calls
Brokers' Digest: City Developments, SATS, CapitaLand Investment, AEM Holdings, Mapletree Industrial Trust
See what the analysts have to say this week.
October 21, 2022
New appointments
Kwek Eik Sheng appointed as non-independent non-executive director of CDLHT
CDLHT, on Oct 18, also announced several changes to its board.
October 18, 2022
Broker's Calls
PhillipCapital downgrades CDL with lower TP of $8.86 on higher borrowing costs
PhillipCapital sees CDL as a “proxy” for the Singapore residential market and hospitality recovery.
August 26, 2022
Property
CGS-CIMB raises FY2022 home price projections; remains 'overweight' on property sector on 'inexpensive valuations'
CGS-CIMB has identified CLI, CDL and UOL Group as its top picks within the sector.
August 24, 2022
Broker's Calls
Analysts see up to 25% upside for CDL following record earnings in 1HFY2022
Year to date, CDL (+21%) has outperformed both developers (+9%) and the STI (+5%).
August 12, 2022