UPDATE: City Developments 2Q19 net profit falls 26 percent on property development
City Developments posted Thursday its 2Q19 net profit fell 26.4% on-year to S$162.40M, mainly on the timing of profit recognition for property development.
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City Developments increases stake in IREIT Global
City Developments said Monday it increased its stake in IREIT Global to 12.486 percent after acquiring another 640,045 units.
RHB: City Developments’ takeover bid for M&C is long-term positive
City Developments’ bid for Millennium & Copthorne Hotels is a long-term positive and should help reposition the ageing hotel assets, RHB said Monday.
City Developments launches fresh takeover bid for Millennium & Copthorne Hotels
City Developments launched another takeover bid for Millennium & Copthorne,valuing the hotel operator at around S$3.86B, the Singapore company said Friday.
Singapore stocks to watch Friday: SPH, CityDev, BreadTalk, Creative, Frasers Property
These are Singapore companies which may be in focus on Friday, 31 May 2019: SPH, City Developments, BreadTalk, Creative and Frasers Property.
Daiwa says City Developments’ Sincere deal offers better platform for China expansion
City Developments’ deal to invest in China developer Sincere Property offers a “better platform” to expand on the mainland, Daiwa said.
This China sector is benefitting from the US trade war
The U.S. trade war with China may have dented a broad swathe of sectors, but it’s given China’s property market a big fillip.
City Developments enters S$1.1 billion deal to invest in China developer Sincere Property
City Developments said Wednesday it entered a deal to invest in China property developer Sincere Property for a total 5.5 billion yuan.
City Developments reports 1Q19 net profit more than doubled on strong margins, divestment
City Developments reported Wednesday its 1Q19 net profit jumped 133.8% on-year to S$199.56M on strong profit margins for development projects and a divestment gain.
City Developments takes stake in Europe-focused IREIT Global in S$78 million deal
City Developments said Tuesday it acquired a 12.4% stake in IREIT Global for around S$59.4M and a 50% stake in the REIT’s manager for around S$18.4M.
UPDATE: Singapore stocks to watch Thursday: Suntec REIT, CRCT, Sasseur REIT, City Developments
These are Singapore companies which may be in focus on Thursday, 25 April 2019: Suntec REIT, CRCT, Sasseur REIT and City Developments.
UPDATE: Singapore stocks to watch Tuesday: UOB, SGX, CityDev, Uni-Asia, Q&M, Challenger
These are Singapore companies which may be in focus on Tuesday, 9 April 2019: SGX, City Developments, Uni-Asia, Q&M Dental and Challenger.