Profit Participation Securities (PPS)

SINGAPORE (Apr 29): On April 19, EdgeProp reported that two adjoining eight-storey Grade-A office buildings at 7 and 9 Tampines Grande were sold to a joint venture between Evia Real Estate and Metro Holdings for $395 million. The purchase price translates

SINGAPORE (Nov 11): Maybank Kim Eng continues to keep its “hold” recommendation on City Developments Limited (CDL) with an unchanged target price of $9.42, after its 3Q16 results came in line with the research house’s expectations.

SINGAPORE (July 12): City Developments Limited (CDL) has taken a beating since the Brexit vote. But a potential Profit Participation Securities (PPS) following its Nouvel 18 acquisition could give it a much-needed boost.