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Home City Developments (CDL)
Broker's Calls
CDL top pick for Singapore residential sector; robust pipeline of launches ahead: DBS
DBS sees CDL as a proxy to Singapore's residential property market and notices trends that could boost CDL's share price up.
January 23, 2024
Property
CDL joins CLI in guiding for lower FY2023 earnings
Core operating earnings have not been significantly impacted
December 21, 2023
Results
CDL reports total sales value of $325 mil for 3QFY2023 as market sentiments improve
Sales were largely driven by the July launch of The Myst along Upper Bukit Timah Road.
November 23, 2023
Property
Property developers: A work in progress
At CDL's 60th anniversary, DPM Lawrence Wong says it has overcome huge odds to turn every challenge into opportunity
September 14, 2023
Broker's Calls
Analysts stay positive on CDL with 'buy' calls, but note potential dampeners to its growth prospects
Analysts from UOBKH, OIR and Citi say CDL has shown clear signs of recovery, but are wary of the softer global economic outlook.
August 15, 2023
Property
CDL's The Myst sees 27% take-up at an average price of $2,057 psf
Around 99% of the buyers are Singaporeans, says CDL
July 09, 2023
STI watch
Opportunities abound in Singapore market after STI correction in May: DBS
FEHT, CDLHT, LREIT, DFI Retail and CDL are the stocks to look at for bargains after their corrections.
June 05, 2023
Broker's Calls
CDL's potential to unlock hidden value yet to be priced in: DBS
Strong sales at CDL and MCL Land's Copen Grand would set good momentum for CDL’s next EC in Bukit Batok.
October 18, 2022
Property
City Developments: Home is where the cash is, as investors expect more uplift from legacy assets
City Developments' legacy buildings are likely to continue to deliver higher valuations, earnings and dividends to shareholders
August 11, 2022
Environmental, Social and Governance
ACRA and SGX RegCo set up advisory committee to bring sustainability reporting forward
Esther An, chief sustainability officer at CDL, is chairperson of the committee
June 21, 2022