City Developments (CityDev)

Group CEO Sherman Kwek says CDL will "continue to drive sustainability to build resilience for a greener and healthier recovery".

It’s the biggest challenge yet for Kwek, who’s been at the helm for three years and spearheaded the Sincere deal in 2019.

SINGAPORE (July 2): Analysts are taking a second look at the Europe-focused IREIT Global (IREIT), for its resilience during the Covid-19 pandemic that has caused deep wounds in several real estate operators.

SINGAPORE (Nov 19): Singapore’s corporate earnings and economic growth may be bottoming out as cyclical indicators such as electronics exports show a slower pace of declines, according to Citigroup Inc. analyst Patrick Yau.

SINGAPORE (Aug 19): City Developments’ fund management segment under chief investment officer Frank Khoo appears to be taking shape. He has a target of $5 billion in assets under management (AUM) to be achieved by 2023, excluding the Profit Participatio

SINGAPORE (June 21): Here are three charts for our technical analysis this week:

SINGAPORE (June 10): RHB Research says CDL’s revised takeover offer to acquire the remaining 35% stake of its subsidiary Millennium & Copthorne hotels (M&C) is likely to gain approval from minority shareholders.

SINGAPORE (June 7): City Developments (CDL) has launched another takeover bid for Millennium & Copthorne Hotels (M&C).

SINGAPORE (May 20): On May 15, City Developments announced it had entered into agreements to invest in a 24% equity stake in Sincere Property Group, a stressed mainland Chinese developer, for RMB5.5 billion ($1.1 billion). The transaction is subject to ap

SINGAPORE (May 17): CGS-CIMB Research and Jefferies are maintaining their “buy” calls on City Developments Limited (CDL) with the respective price targets of $10.66 and $8.68, while RHB Research is keeping its “neutral” rating on the stock with a