City Developments Limited (CDL)

SINGAPORE (Dec 11): DBS Group Research is reiterating its “hold” call on City Developments (CityDev) with a lower target price of $9.50.

SINGAPORE (Sept 14): Property developer City Developments Limited (CDL) has acquired a prime freehold Grade A commercial building, Aldgate House, in London for £183 million ($328 million).

SINGAPORE (Aug 16): Property giant City Developments Limited (CDL) has bought shares from the open market for the first time. On Aug 16, the company bought 300,000 shares at an average price of $9.485, which is a discount of nearly 15% of its net asset va

STi remains in consolidation mode SINGAPORE (May 19): The Straits Times Index eased by about 40 points during the week to close at 3,529. The confluence of the 50-and 100-day moving averages at 3,501 should provide support.

SINGAPORE (May 14): City Developments Limited (CDL) on May 11 reported 1Q18 earnings ended March dropped 16.3% to $80.0 million from $95.6 million in 1Q17.

SINGAPORE (May 11): City Developments Limited (CDL) announced that its 1Q18 earnings have dropped by 16.3% to $80.0 million, compared to $95.6 million in 1Q17.

SINGAPORE (Mar 5): Phillip Capital is reiterating its “accumulate” recommendation on City Developments Limited (CDL) with a target price of $13.40.

SINGAPORE (Feb 20): Global investment bank Jefferies says the increase in buyer’s stamp duty for residential properties in Singapore announced at Budget 2018 on Monday could put a slight dent in developer margins, but is unlikely to put the brakes on po

SINGAPORE (Feb 19): DBS says developers are turning more choosy in adding to their Singapore landbank.

SINGAPORE (Nov 17): Maybank Kim Eng Research remains positive on the Singapore real estate sector, even as its stock prices have rallied strongly, climbing close to 30% so far this year.