|Bid||13.28 x 0|
|Ask||13.33 x 0|
|Day's range||13.08 - 13.31|
|52-week range||8.90 - 13.60|
|PE ratio (TTM)||21.31|
|Earnings date||28 Feb 2018|
|Forward dividend & yield||0.08 (0.94%)|
|1y target est||13.99|
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.
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 ...
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.
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 ...
City Developments Limited (SGX: C09) revises its cash offer for London-listed subsidiary, Millennium & Copthorne Hotels.
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.
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 ...
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.
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 ...
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 ...
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.
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.
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.
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.
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).
Based on statistics from the Urban Redevelopment Authority of Singapore, property price index slumped across the residential and commercial sectors in 1Q17.
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 ...
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 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.
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.
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).
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.