C09.SI - City Developments Limited

SES - SES Delayed Price. Currency in SGD
13.30
0.00 (0.00%)
At close: 5:04PM SGT
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Previous close13.30
Open13.18
Bid13.28 x 0
Ask13.33 x 0
Day's range13.08 - 13.31
52-week range8.90 - 13.60
Volume1,588,200
Avg. volume1,688,651
Market cap12.094B
BetaN/A
PE ratio (TTM)21.31
EPS (TTM)0.62
Earnings date28 Feb 2018
Forward dividend & yield0.08 (0.94%)
Ex-dividend date2017-08-17
1y target est13.99
  • Shares Investment16 hours ago

    Investors’ Corner (City Developments, Singapore Press Holdings, HRNetGroup, Venture Corporation)

    According to flash estimates, Urban Redevelopment Authority’s overall private residential price index rose 0.7% in 4Q17 with prices increasing across all three sub-segments.

  • CDL to get boost from stronger home sales
    Singapore Business Review8 days ago

    CDL to get boost from stronger home sales

    It will launch New Futura and the 861-unit condominium project at Tampines Ave 10. City Developments Ltd's (CDL) domestic land-bank is poised to benefit from stronger home sales at their launch pipeline ...

  • Year in Review: The Straits Times Index’s Biggest Winners for 2017
    Motley Fool21 days ago

    Year in Review: The Straits Times Index’s Biggest Winners for 2017

    Here’s a look at the top three winners of the Straits Times Index (SGX: ^STI) components for 2017.

  • It’s a Wrap: The Top 3 and Bottom 3 Blue-Chip Stocks for December
    Motley Fool21 days ago

    It’s a Wrap: The Top 3 and Bottom 3 Blue-Chip Stocks for December

    Here’s a look at the performance of the Straits Times Index (SGX: ^STI) components for the month of December.

  • CityDev chairman urges M&C minority shareholders to accept takeover offer
    Singapore Business Reviewlast month

    CityDev chairman urges M&C minority shareholders to accept takeover offer

    The chairman of City Developments Limited (CDL) Kwek Leng Beng defended the share price for the takeover of Millennium & Copthorne (M&C), which was contested by a group of shareholders. According to a letter, M&C’s operating performance has been weak in recent years and as a consequence, the shares in of the company have not performed well. "The CDL Board concluded that it would be in the best interests of all M&C shareholders for CDL to make an offer which will afford the minority investors in M&C the opportunity to exit their holdings at a material premium to the share price available in the market prior to the start of the offer period," Kwek said.

  • Chart of the Day: Which developer has the largest unsold inventory?
    Singapore Business Reviewlast month

    Chart of the Day: Which developer has the largest unsold inventory?

    MCL Land and CityDev each have around 2,000 units of unsold land. This chart from DBS Equity Research shows developers MCL Land and City Developments Limited (CDL) have around 2,000 units each in unsold ...

  • 3 Things You Need to Know About the Singapore Stock Market Today
    Motley Foollast month

    3 Things You Need to Know About the Singapore Stock Market Today

    We look at the market developments for the day.

  • The Singapore Market This Week: City Developments Limited Makes Final Offer for London-Listed Millennium & Copthorne Hotels
    Motley Foollast month

    The Singapore Market This Week: City Developments Limited Makes Final Offer for London-Listed Millennium & Copthorne Hotels

    City Developments Limited (SGX: C09) revises its cash offer for London-listed subsidiary, Millennium & Copthorne Hotels.

  • SI Research: 3 Property Stocks At Attractive Valuations
    Shares Investment2 months ago

    SI Research: 3 Property Stocks At Attractive Valuations

    Investors make use of several valuation indicators in the process of identifying investment worthy companies or setting a target entry and exit price. Some common indicators include price-to-earnings (P/E) ratio, price-to-book value (P/B) ratio and dividend yield.

  • CDL profits fall 8.3% to $156.1m in Q3
    Singapore Business Review2 months ago

    CDL profits fall 8.3% to $156.1m in Q3

    Blame lower contributions from its property development segment. City Developments Limited (CDL) profits slipped 8.3% YoY to $156.1m in Q3. According to OCBC Investment Research, this was mainly due to ...

  • SI Research: Re-look At The Property Sector
    Shares Investment3 months ago

    SI Research: Re-look At The Property Sector

    Flash estimates released by the Urban Redevelopment Authority (URA) revealed that the price index for private residential property rose 0.5 percent in 3Q17, reversing four years of decline since 2013. New private home sales by developers for the first eight months of this year hit 8,391 units, exceeding the 7,972 units sold for the whole of last year.

  • CDL unveils offer for Millennium & Copthorne
    Singapore Business Review3 months ago

    CDL unveils offer for Millennium & Copthorne

    The deal would value the hotel group at about $3.2b. City Developments Limited (CDL) is looking to buy out its London-listed hotel arm Millennium & Copthorne (M&C) for 552.5 pence a share, a deal with ...

  • Amber Park sold for $906.7m in largest freehold sale
    Singapore Business Review4 months ago

    Amber Park sold for $906.7m in largest freehold sale

    It could build a luxury condo with 800 units. City Developments Limited (CDL) and Hong Leong real estate arm Hong Realty won the Amber Park en bloc tender for $906.7m, the largest en bloc sale in dollar ...

  • SI Research: City Developments – Ready For A Turnaround
    Shares Investment5 months ago

    SI Research: City Developments – Ready For A Turnaround

    The Straits Times Index (STI) has performed well this year, adding over 400 points to break the 3,300 mark, a level that was last seen in mid-2015. The top performing STI component stock, Yangzijiang Shipbuilding (Holdings), made headlines as recovery in demand for new bulk carriers turned the worst performing stock in 2016 into the top performer this year.

  • SI Research: GuocoLand – A Late Bloomer Playing Catch-Up
    Shares Investment5 months ago

    SI Research: GuocoLand – A Late Bloomer Playing Catch-Up

    According to market updates released by the Singapore Exchange in June 2017, the Real Estate Management and Development sector is one of the best performing sectors in 1H17 apart from banking.

  • CDL sees signs of bottoming out in Singapore's office market
    Singapore Business Review5 months ago

    CDL sees signs of bottoming out in Singapore's office market

    Property developer City Developments Limited is observing some signs of bottoming out in the Singapore office sector. According to UOB Kay Hian, the group is optimistic of rental growth potential given the decrease in the supply of private office space expected by 2019. "Management noted that the office market is showing nascent signs of a bottoming-out as Grade A and B core Central Business District (CBD) office rents were maintained at the same levels as in the previous quarter," analyst Vikrant Pandey said.

  • CDL to reap benefits from Singapore's housing upturn
    Singapore Business Review5 months ago

    CDL to reap benefits from Singapore's housing upturn

    After posting a 17.9% fall in profits for the past quarter, City Developments Limited is optimistic with the expected housing upturn in Singapore. According to OCBC Investment Research, CDL managed to sell 691 units in the first half of the year, more than double that in the same period last year. "Looking ahead, they look to launch New Futura and its new condominium projects in Tampines, Singapore and Teddington Riverside, UK over the next 12 months," analyst Eli Lee said.

  • CityDev's net profit dips 7.7% to $154.6m
    Singapore Business Review5 months ago

    CityDev's net profit dips 7.7% to $154.6m

    Blame the 96% decline in other operating income. The past quarter has been fairly resilient for City Developments Limited if not for the 96% slump in its other operating income to $524,000 from a robust $13.1m. The revenue and net profit were underpinned by the contribution from Lush Acres Executive Condominium (EC).

  • SI Research: Wheelock Properties (Singapore) – Developer With Deep Pocket
    Shares Investment7 months ago

    SI Research: Wheelock Properties (Singapore) – Developer With Deep Pocket

    Based on statistics from the Urban Redevelopment Authority of Singapore, property price index slumped across the residential and commercial sectors in 1Q17.

  • CDL's Singapore RevPAR slumps 10.8%
    Singapore Business Review8 months ago

    CDL's Singapore RevPAR slumps 10.8%

    It offset the growth seen in the group's other markets. The outlook is lukewarm for City Developments Limited's hospitality segment, as its Singapore market continued to badger declining revenue per available ...

  • CDL's Singapore property sales surge to $477.1m
    Singapore Business Review8 months ago

    CDL's Singapore property sales surge to $477.1m

    Whilst its net earnings were badgered by the absence of contributions from two joint venture projects, City Developments Limited still reported healthy gains in its property portfolio across its markets. According to OCBC Investment Research, the group sold 293 units worth $477.1m in Singapore over 1Q17, up significantly versus 145 units at $145m in 1Q16. Meanwhile, CDL has sold 77% of the 1,374 residential units in Phase 1 of HLCC while 43% of the 430 units in Phase 2 have also been sold.

  • City Developments' net profit down 19.9% to $99.2m in Q1
    Singapore Business Review8 months ago

    City Developments' net profit down 19.9% to $99.2m in Q1

    City Developments Limited posted a significant drop in net profit in Q1, ending the quarter with a 19.9% slump to $99.2m. According to OCBC Investment Research, this is largely due to a range of factors, including the absence of contributions from two JV projects Bartley Ridge and Echelon, which achieved Temporary Occupancy Permit (TOP) in 2016. Exchange losses, softer contributions from M&C and lower investment income from the realisation of an investment in Real Estate Capital Asia Partners also badgered overall bottom line for the group.

  • CDL issues first green bond by a Singaporean company
    Singapore Business Review10 months ago

    CDL issues first green bond by a Singaporean company

    The two-year senior secured green bond raised $100m. City Developments Limited (CDL) kicked off the issuance of a green bond, making it the first Singaporean company to do so. Through the group's wholly-owned subsidiary CDL Properties Ltd., the two-year senior secured green bond has raised $100m at 1.98% fixed rate due 2019.

  • CDL pops the champagne as sales momentum picked up
    Singapore Business Review10 months ago

    CDL pops the champagne as sales momentum picked up

    City Developments (CDL) saw a healthy take-up of 20 residential units across its Singapore projects over the weekend, after a surprise easing of policy measures, according to RHB. “Going forward, CDL is expected to launch New Futura and South Beach Residences in the latter half of 2017,” said Vijay Natarajan, RHB analyst. CDL recently hosted an analyst social event at its newly rebranded JW Marriott hotel (634 rooms).

  • Singapore-China cooperation to boost housing demand for CDL
    Singapore Business Review11 months ago

    Singapore-China cooperation to boost housing demand for CDL

    CDL's Eling Residences stand to benefit from the collaborative efforts. City Developments Limited (CDL) is buoyant on its China projects despite many Chinese cities implementing property cooling measures. The real estate developer, which has footprint in the cities of Shanghai, Suzhou, and Chongqing, is counting on economic ties between Singapore and China to drive housing demand and entice investors to its various project locations.