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    C09   SG1R89002252

CITY DEVELOPMENTS LIMITED

(C09)
  Report
End-of-day quote. End-of-day quote Singapore Stock Exchange - 06/18
7.34 SGD   -1.61%
06/04Singapore Index Falls into Red; Yongnam Shares Down 4%
MT
06/04CITY DEVELOPMENTSá : Files Applications for IPO of Singapore REIT
MT
06/03City Developments files for Singapore REIT IPO of UK assets
RE
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City Developments files for Singapore REIT IPO of UK assets

06/03/2021 | 10:26pm EDT
A City Developments Limited (CDL) logo is ssen on a building in Singapore

SINGAPORE (Reuters) - City Developments Ltd said on Friday it has applied to regulators for a potential listing of its U.K. commercial properties via a real estate investment trust (REIT) on the Singapore bourse.

IFR reported on Thursday that the IPO could be worth up to S$1 billion ($753 million) with a targeted launch in September.

City Developments declined to comment beyond its statement, in which it did not provide a deal value.

A successful listing would mark the first REIT initial public offering on the Singapore Exchange this year.

The company's CDL Hospitality Trusts, which listed in 2006 on the Singapore Exchange, owns hotel assets valued at S$3.1 billion, according to its website.

Shares of City Developments, which builds residential properties as well as owns office and retail assets, were 0.5% lower at S$7.79 on Friday morning, while the broader market was down 0.1%. The company's shares have fallen about 1.6% so far this year.

($1 = 1.3278 Singapore dollars)

(Reporting by Aradhana Aravindan in Singapore; Editing by Ed Davies)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CDL HOSPITALITY TRUSTS -0.81% 1.22 End-of-day quote.-3.94%
CITY DEVELOPMENTS LIMITED -1.61% 7.34 End-of-day quote.-7.90%
SINGAPORE EXCHANGE LIMITED 1.10% 11 End-of-day quote.18.53%
All news about CITY DEVELOPMENTS LIMITED
06/04Singapore Index Falls into Red; Yongnam Shares Down 4%
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06/04CITY DEVELOPMENTSá : Files Applications for IPO of Singapore REIT
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06/03City Developments files for Singapore REIT IPO of UK assets
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06/03CDL : Announcement in connection with Submission of Applications for proposed IP..
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05/25Singapore Shares Close Higher on Tuesday; Mary Chia's Shares Plummet 36% on D..
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05/25CITY DEVELOPMENTSá : CEO Shows Optimism About Group's Residential Projects, Offi..
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05/25CDLINZ : Announcement on (i) Remarks by Chairman of the Meeting to Annual Meetin..
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05/25MCHNZ : Announcement on (i) Remarks by Chairman of the Meeting to Annual Meeting..
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05/24CDL : Minutes of the 58th Annual General Meeting of City Developments Limited
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05/19MILLENNIUM PTHORNE HOTELS NEW ZEALAN : Independent Director Retires
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More news
Financials
Sales 2021 2 960 M 2 201 M 2 201 M
Net income 2021 321 M 239 M 239 M
Net Debt 2021 7 489 M 5 569 M 5 569 M
P/E ratio 2021 20,1x
Yield 2021 1,95%
Capitalization 6 666 M 4 951 M 4 957 M
EV / Sales 2021 4,78x
EV / Sales 2022 4,24x
Nbr of Employees 15 000
Free-Float 31,2%
Chart CITY DEVELOPMENTS LIMITED
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City Developments Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends CITY DEVELOPMENTS LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Last Close Price 7,35 SGD
Average target price 9,29 SGD
Spread / Average Target 26,5%
EPS Revisions
Managers and Directors
NameTitle
Eik Tse Kwek Group Chief Executive Officer & Executive Director
Yim Ming Yiong Group Chief Financial Officer
Leng Beng Kwek Executive Chairman
Ivan Ng Chief Technology Officer
Shao Hong Khoo Group Chief Investment Officer