City Developments Limited (CDL)

SINGAPORE (Nov 9): City Developments Limited (CDL) posted an 8.3% decline in earnings to $156.1 million for the 3Q ended September from $170.3 million a year ago.

SINGAPORE (Oct 9): OCBC Investment Research is maintaining its “buy” call on City Developments Limited (CDL) while raising its fair value estimate to $12.90 from $12.39 previously after factoring in its recent site acquisition as well as firmer reside

SINGAPORE (Oct 6): Shareholders of Singapore developers have another reason to rejoice: en-bloc sales are at a 10-year high, according to some estimates.

SINGAPORE (Aug 25): Maybank KimEng believes investors’ rising concerns that escalating land prices could lead to a margin squeeze for property developers, are overblown.

SINGAPORE (June 9): City Developments Limited (CDL) has been one of the best-performing components of The Straits Times Index this year.

SINGAPORE (May 11): Property group City Developments announced $85.5 million in earnings for the 1Q ended March, 18.9% lower than the $105.3 million it posted in the same quarter a year ago.

SINGAPORE (April 11): City Developments Limited (CDL) has announced positive sales for its 174-unit luxury freehold residential development thus far, with average sales prices ranging from over $2,600 to $2,800 per sq ft.

SINGAPORE (March 23): RHB is keeping City Developments (CDL) at “buy” with a higher target price of $11.30, from $10.50 previously, despite the property developer’s share price having already climbed 23.6% year-to-date.

SINGAPORE (Feb 16): The property market could be on the cusp of recovery.

SINGAPORE (Feb 14): CDL China, a wholly-owned subsidiary of City Developments Limited (CDL), is acquiring a prime Shanghai commercial project, Meidao Business Plaza for RMB 900 million ($186 million) through the purchase of a 100% equity stake in Shanghai