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City Developments Limited (CDL)
Results
CDL posts record PATMI of $1.13 bil for 1HFY2022 mainly from divestment gains and gain on deconsolidation of CDLHT
CDL has declared a special interim dividend of 12 cents per share for the period.
August 11, 2022
Leadership
CDL group CIO resigns
According to a filing posted on SGX, Khoo is leaving CDL for “personal reasons”.
July 04, 2022
Broker's Calls
Mercatus transaction to benefit CICT, FCT and LREIT: DBS
Should the transaction materialise, a new record low will be set for retail mall transactions on current valuations: DBS.
June 23, 2022
Broker's Calls
Broker's Digest: CDL, BRC Asia, ST Engineering
See what the analysts have to say on these counters.
June 03, 2022
Broker's Calls
RHB lifts CDL's TP to $9.75 as stars align for the group's path to recovery
Year-to-date, CDL’s share price has rebounded some 20%, outperforming the STI's 7%.
April 13, 2022
Property
CDL to sell all 85 strata lots in Tanglin Shopping Centre in collective sale
According to CDL, the sale will realise a significant gain for the group. The sale is expected to be completed in FY2022 or FY2023
March 30, 2022
Broker's Calls
Analysts keep 'buy' on CDL as hospitality recovery expected to continue into 2022
As at 9.15am, shares in CDL are trading 1 cent lower or 0.14% down at $7.
March 08, 2022
Company in the news
CDL appoints Kwek Eik Sheng as Group COO, redesignates director
The nephew of executive chairman Kwek Leng Beng has held various roles in CDL and is currently the group's chief strategy officer.
December 28, 2021
Broker's Calls
Citi recommends buying CDL and UOL on share price weakness after cooling measures announced
Citi has given CDL and UOL target prices of $11.02 and $8.87 respectively.
December 24, 2021
Broker's Calls
CDL divestment of Seoul hotel seen as 'right move' by RHB
In a report dated Dec 14, RHB Group Research has also kept its target price of $9 on the counter.
December 16, 2021