Company City Developments Limited

Equities

C09

SG1R89002252

Real Estate Development & Operations

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Holdings

Company contact information

Group companies

Sector

Sales per Business

Sales per region

Ratings for City Developments Limited

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Real Estate Development & Operations

Delayed Singapore S.E. Other stock markets 09:49:00 2024-05-15 pm EDT			5-day change	1st Jan Change
5.85 ^SGD	+0.86%		-2.52%	-12.78%

May. 15	City Developments Unit Buys Hilton Paris Opera for 240 Million Euros	MT
May. 01	City Developments Reacquires Additional Shares	MT

City Developments Limited is a Singapore-based global real estate company with a network spanning approximately 163 locations in 29 countries and regions. Its portfolio of assets comprises residences, offices, hotels, serviced apartments, student accommodation, retail malls and integrated developments. The Company's segments include Property development, Hotel operations, Investment properties and Others. The Property development segment is engaged in developing and purchasing properties for sale. The Hotel operations segment owns and manages hotels. The Investment properties segment is engaged in developing and purchasing investment properties for lease. The Others segment comprises investment in shares, management and consultancy services, and provision of laundry services.

Number of employees: 8,083

SGD in Million	2022	Weight	2023	Weight	Delta
Property Development 56.5 %	1,382	42.0 %	2,793	56.5 %	+102.02%
Hotel Operations 30.3 %	1,381	41.9 %	1,499	30.3 %	+8.54%
Investment Properties 9.1 %	341	10.4 %	449	9.1 %	+31.75%
Others 4.1 %	189	5.7 %	201	4.1 %	+5.96%

SGD in Million	2022	Weight	2023	Weight	Delta
Singapore 56.7 %	1,763	53.5 %	2,804	56.7 %	+59.00%
Other Countries 18.6 %	404	12.3 %	921	18.6 %	+127.66%
United Kingdom 11.4 %	481	14.6 %	562	11.4 %	+16.87%
United States 10.0 %	466	14.2 %	497	10.0 %	+6.55%
China 3.2 %	179	5.4 %	159	3.2 %	-11.47%

Managers	Title	Age	Since
Eik Tse Kwek CEO	Chief Executive Officer	48	14-04-13
Yim Ming Yiong DFI	Director of Finance/CFO	50	06-12-31
Choon Miao Yong CIO	Chief Investment Officer	53	23-05-31
Cindy Tan ADM	Chief Administrative Officer	-	13-02-28
Eik Sheng Kwek COO	Chief Operating Officer	43	08-12-31
Ivan Ng CTO	Chief Tech/Sci/R&D Officer	-	15-12-31
Belinda Lee IRC	Investor Relations Contact	-	04-09-30
Gerry de Silva LAW	General Counsel	-	-
Mark Fong SAM	Sales & Marketing	-	-
Siew Toh Ong PRN	Corporate Officer/Principal	-	-

Members of the board	Title	Age	Since
Leng Beng Kwek CHM	Chairman	83	69-09-30
Yoon Chou Chong BRD	Director/Board Member	56	20-11-19
Ai Ai Wong BRD	Director/Board Member	-	21-12-31
Philip Yeo BRD	Director/Board Member	76	09-05-10
Swee Liang Chan BRD	Director/Board Member	62	20-12-28
Eik Tse Kwek CEO	Chief Executive Officer	48	14-04-13
Kian Seng Tan BRD	Director/Board Member	71	23-03-09
Daniel Marie Ghislain Desbaillets BRD	Director/Board Member	74	20-11-19
Lian Jin Ong BRD	Director/Board Member	56	20-10-06
Jee Cheng Lee BRD	Director/Board Member	63	21-01-03

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	909,301,330	418,057,960 ( 45.98 %)	2,400,000 ( 0.2639 %)	34.63 %
Stock B	0	297,786,832	0	0

Name	Equities	%	Valuation
Kwek Family 48.42 %	440,316,144	48.42 %	1 986 M $
CITY DEVELOPMENTS LIMITED 1.686 %	15,329,600	1.686 %	69 M $
MFS International Singapore Pte. Ltd. 0.3188 %	2,898,600	0.3188 %	13 M $
Universal-Investment-Gesellschaft mbH (Invt Mgmt) 0.2260 %	2,054,800	0.2260 %	9 M $
Malabar Capital Ltd. 0.2196 %	1,997,000	0.2196 %	9 M $
Goldman Sachs Asset Management BV 0.1839 %	1,672,495	0.1839 %	8 M $
Guardians of New Zealand Superannuation 0.1818 %	1,653,298	0.1818 %	7 M $
AEGON Investment Management BV 0.1666 %	1,514,476	0.1666 %	7 M $
State Street Global Advisors Ltd. 0.1416 %	1,288,022	0.1416 %	6 M $
BNP PARIBAS ASSET MANAGEMENT Netherlands NV 0.1227 %	1,115,275	0.1227 %	5 M $

Name	Equities	%	Valuation
Nia Impact Advisors LLC 0.0113 %	102,422	0.0113 %	453 729 $
Great Lakes Advisors LLC 0.004080 %	37,100	0.004080 %	164 353 $
Yousif Capital Management LLC 0.001543 %	14,034	0.001543 %	62 171 $

Name	Equities	%	Valuation
FIRST SPONSOR GROUP LIMITED 29.37%	326,247,596	29.37%	277,506,205 $
CDL HOSPITALITY TRUSTS 28.43%	354,548,844	28.43%	253,481,151 $
MILLENNIUM & COPTHORNE HOTELS NEW ZEALAND LIMITED 70.86%	74,743,077	70.86%	85,362,573 $
CITY DEVELOPMENTS LIMITED 1.69%	15,329,600	1.69%	69,130,671 $
IREIT GLOBAL 17.84%	239,942,191	17.84%	57,180,624 $
ANSA MCAL LIMITED 2.34%	4,127,315	2.34%	34,107,760 $
HONG LEONG FINANCE LIMITED 2.04%	9,149,817	2.04%	16,840,330 $
METRO HOLDINGS LIMITED 0.55%	4,608,000	0.55%	1,672,566 $

City Developments Ltd.

9 Raffles Place No. 12-01 Republic Plaza

048619, Singapore

+65 6877 8228

http://www.cdl.com.sg

Name	Category and Sector
MILLENNIUM & COPTHORNE HOTELS PLC	Hotels/Resorts/Cruise lines

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

5.8 SGD

Average target price

7.558 SGD

Spread / Average Target

+30.32%

Consensus

Estimates Revisions

Company calendar

Real Estate

Real Estate

Real Estate Operations

Real Estate Development & Operations

Other Real Estate Development & Operations

	1st Jan change	Capi.
CITY DEVELOPMENTS LIMITED	-12.78%	3.92B
CHINA RESOURCES LAND LIMITED	+10.00%	28.11B
SUN HUNG KAI PROPERTIES LIMITED	-7.82%	27.28B
MITSUI FUDOSAN CO., LTD.	+25.23%	26.41B
DLF LIMITED	+13.66%	24.87B
MITSUBISHI ESTATE CO., LTD.	+43.67%	22.93B
CHINA OVERSEAS LAND & INVESTMENT LTD.	+9.88%	21.18B
EMAAR PROPERTIES	-0.38%	19.18B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	+23.84%	16.19B
CK ASSET HOLDINGS LIMITED	-10.20%	15.82B

Other Real Estate Development & Operations