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City Developments
Right Timing
STI holds on to sideways range, uptrend intact
STI's component stocks remain within narrow ranges with Keppel Corp showing signs of a breakout
December 31, 2020
Right Timing
Quiet sessions ahead of year-end, SIA eases
Blue chips continue their consolidation, with SIA easing, and City Developments remaining resilient.
December 25, 2020
Billion Dollar Club 2020
REITs with non-Singapore portfolios stand out
REITs with non-Singapore portfolios, most notably EC World REIT, do well at this year's Centurion Club awards.
December 11, 2020
Company in the news
Is CDL oversold following the family disagreements over Sincere and M&C?
Kwek Leng Peck of City Developments steps down as director over disagreements with Chinese investment and M&C strategy
October 23, 2020
EY Entrepreneur Of The Year 2020 Awards Singapore
Three 'unstoppable' entrepreneurs named
The three winners embody this year’s theme of "The Unstoppables", says Max Loh of EY
October 02, 2020
REITs
IREIT exercises call option for Spanish office buildings, plans rights issue
On Aug 7, IREIT Global’s manager announced it plans to exercise the call option to acquire the 60% of four Spanish properties it does not own from Tikehau Capital, for around €47.8 million. The transaction is subject to unitholders approval where the
August 10, 2020
Financially Savvy
Developers clear up misconception around perpetual securities
On May 13, during a 1HFY2020 results briefing by Frasers Property’s (FPL) management, there were some questions on the company’s higher gearing, which had risen to 106.8% by March 31, 2020, from 85.9% as at Sept 30, 2019. The compa
May 22, 2020
Covid-19
Hotels hit by Covid-19 see diversification as key when recovery resumes
“With the plunge in both visitors and meetings, I am sure the government is going to have to do more if there is any hope for the hotels to survive,” says Liza.
April 17, 2020
IPO
CityDev banks on DBS, OCBC to help in $700 mil UK assets REIT IPO
The company is considering listing the assets as a real estate investment trust as soon as by the end of this year, and could raise as much as $700 million, the people said.
March 12, 2020
Property
As CapitaLand delivers on ROE, City Developments looks to raise ROE
CapitaLand has waived rent and property management fees for its four malls in Wuhan for about three weeks. Malls outside Wuhan have both charges halved for about two weeks.
February 28, 2020