|Bid||12.87 x 0|
|Ask||12.88 x 0|
|Day's Range||12.64 - 12.97|
|52 Week Range||10.02 - 13.60|
|PE Ratio (TTM)||22.84|
|Earnings Date||May 9, 2018 - May 14, 2018|
|Forward Dividend & Yield||0.08 (0.60%)|
|1y Target Est||14.74|
Analysts have high expectations as it is near Tampines projects with prices that breached $1,102 psf. City Developments Limited (CDL) is lifting expectations after it announced that it is intending to launch its The Tapestry condominium project this coming Saturday on 24 March. OCBC Investment Research expects an average selling price of $1,250 psf for The Tapestry.
It did not have Hong Leong City Center’s revenue boost in 2016. City Developments Limited (CDL) profits crashed by 23.4% YoY to $186.7m in Q4 2017. Its full-year profit of $538.2m represented a fall of 17.6%, as it did not have its performance boosted by a sizeable contribution from Hong Leong City Center in Suzhou unlike in 2016.
Selling price of Handy Road units is poised to exceed $2,500 psf ppr. City Developments Limited (CDL) submitted the winning bids for two land parcels at Handy Road and West Coast Vale, the Urban Redevelopment ...
An attempt by Singaporean billionaire Kwek Leng Beng to take full control of Millennium & Copthorne Hotels (M&C) (MLC.L) in a deal valuing the business at 2 billion pounds collapsed after minority shareholders blocked the acquisition. Kwek's firm City Developments Limited (CDL), already M&C's majority investor, secured acceptances from only 47.14 percent of the London-listed hotelier's minority shareholders for its 620-pence-a-share offer, CDL said in a statement on Friday.
By Ben Martin LONDON (Reuters) - City Developments Limited (CDL) said on Tuesday that it would not extend the offer period for its bid for Millennium & Copthorne Hotels (M&C) (MLC.L) beyond 1300 GMT on ...
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 Singaporean billionaire trying to buy Millennium & Copthorne Hotels (MLC.L)(M&C) has hired advisory firm Georgeson to help to drum up investor support for the deal in the face of shareholder opposition that could derail the bid. City Developments Limited (CDL), the vehicle of businessman Kwek Leng Beng, has offered 620 pence per share to acquire the 34.8 percent of M&C that it does not already own in a bid that values the London-listed hotelier at 2 billion pounds.
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for City Developments Ltd.. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average Bullish ... Read more (Read more...)
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.
Kwek Leng Beng, the Singaporean billionaire attempting to take over Millennium & Copthorne Hotels (MLC.L), defended his bid on Monday after a group of investors argued it was too low and sought to block the deal. The chairman of City Developments Limited (CDL), which has offered to buy out minority investors in the FTSE 250 hotelier for 620 pence a share, urged M&C shareholders in a letter "to consider the very material premium and value" of its bid. Three minority investors in the hotel chain last week rejected CDL's offer for the 34.8 percent of M&C it does not already own.
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 ...
By Ben Martin LONDON (Reuters) - City Developments Limited, which wants to buy-out minority shareholders in Britain's Millennium & Copthorne Hotels (MLC.L), urged investors to consider the "very material ...
A group of minority investors in Millennium & Copthorne Hotels has rejected a takeover offer from the company's majority shareholder and called on other investors to follow suit to defeat the bid, which values the business at 2 billion pounds. International Value Advisers, MSD Partners, and Classic Fund Management on Thursday said they would not tender their shares into the "highly opportunistic" 620 pence a share offer made by City Developments Limited on Dec. 8 for the 34.8 percent of M&C that it does not own. The three investment firms said they represented about 37 percent of the shares targeted in CDL's bid.
Millennium & Copthorne Hotels (MLC.L) has agreed to a sweetened takeover offer from its majority shareholder that values the London-listed company at about 2 billion pounds ($2.67 billion) after an earlier bid was heavily criticised by minority investors. City Developments Limited (CDL), a vehicle of Singaporean billionaire Kwek Leng Beng, who is also chairman of M&C, has offered 620 pence per share in cash to acquire the 34.8 percent of the FTSE 250 hotelier that it does not already own, the companies said in a statement on Friday. The offer, which was declared final, has been recommended by M&C's independent directors.
Singapore developers may extend their share rally into 2018 on a reviving home market, according to money managers and analysts, who say the central bank’s warning on a potential oversupply may not play ...
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for City Developments Ltd.. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 Day Moving Average Bullish ... Read more (Read more...)
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 ...
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to City Developments Ltd. Here are 5 ETFs with the largest exposure to C09-SG. Comparing the performance and risk of City Developments Ltd. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker ... Read more (Read more...)
Two fund management firms have joined an investor revolt against the planned 1.8 billion pound takeover of Britain's Millennium & Copthorne Hotels (M&C) (MLC.L) by City Developments Limited (CDL) (CTDM.SI), its majority shareholder. International Value Advisers (IVA) and MSD Partners, which own 7 percent and 1.9 percent respectively of London-listed M&C, have sent a letter to the hotel company's independent directors to criticise them for supporting the 552.5 pence per share takeover proposal from Singapore's CDL, which is part of billionaire Kwek Leng Beng's Hong Leong Group.
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 ...
Under the offer, M&C shareholders would receive 552.5 pence in cash for each share, a premium of about 21.4 percent to M&C's closing share price on Friday. M&C's shares were up 21 percent at 548.5 pence in early trading on the London Stock Exchange on Monday. The move would bring the operator of the Millennium, Grand Millennium, Copthorne and Kingsgate hotels back into the fold of Singaporean billionaire Kwek Leng Beng's property empire.