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City Developments Limited (CDL)
Property
CDL to divest Millennium Hilton Seoul and adjoining land for $1.26 bil at 'significant premium to book value'
The group is expected to recognise an estimated gain of $529.73 million.
December 13, 2021
Results
CDL 'confident' on 'steady and sustained' recovery with 'better growth trajectory' in near-term: 3QFY21 update
As at Sept 30, CDL’s net gearing ratio stood at 66% with interest cover at 2.7 times.
November 16, 2021
Broker's Calls
Potential listing of UK-focused office S-REIT could unlock value for CDL: CGS-CIMB
"With an asset base of some $24 billion, City Developments is well-placed to extract more value from its properties."
October 06, 2021
Broker's Calls
PhillipCapital re-initiates 'buy' on CDL with TP of $9.19; RHB keeps TP of $8.50
The analysts see several upsides to CDL, including its strong development pipeline that could catch Singapore’s property upcycle.
September 22, 2021
Broker's Calls
UOB Kay Hian estimates CapitaLand Investments' TP to be $3.64; maintains 'market weight' on property sector
Shares in CLI closed flat at $2.95 on its first day of listing on Sept 20.
September 20, 2021
Broker's Calls
Analysts positive on CDL's divestment as property group now on 'repair mode'
The analysts have given a range of target price estimates from $8 to $11.02 on CDL.
September 13, 2021
1000th issue
ESG: Doing good, and we’ve been doing it a while
We go way back and take a look at the evolution of ESG, the sector that is transforming the financial industry from within.
September 02, 2021
Results
CDL pencils 1H21 net loss of up to $35 million, no thanks to the Covid-19 restrictions
CDL has also penciled a 25% to 30% drop in its pre-tax profit from the $13.8 million posted in 1HFY20
August 06, 2021
Special Feature
Sustainability reporting key to mobilise global capital, accelerate climate action: CDL
By blending various sustainability reporting standards, CDL has stayed abreast of global efforts to produce a common standard.
August 04, 2021
Company in the news
CDL extends support to some 400 tenants as Singapore bans dining-in again
According to CDL, 35.2% of these tenants are in the food and beverage business.
July 21, 2021