Singapore Stock Market News

City Developments - Still evolving

StockFanatic
Publish date: Mon, 16 Feb 2015, 11:50 PM
StockFanatic
0 10,453
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
CDL's strong 4Q PATMI growth was driven by exceptional gains as well as higher hotel contributions. FY14 core net profit made up 91% of our forecast. Moving into FY15, CDL will continue to time its Singapore launches to market, as well as roll out its overseas diversification strategies. We remain excited on the latter and believe good returns can be reaped over time from these well-located projects. In the meantime, its share price could remain range-bound while awaiting these overseas catalysts. We maintain Hold and fine-tune our FY15-16 earnings, with a higher target price of S$10.90, based on a 25% discount to RNAV.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment