Singapore Stock Market News
City Developments - Lacklustre quarter
StockFanatic
Publish date: Fri, 13 Nov 2015, 02:30 PM
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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.
■ 3Q15 net profit down 16% yoy to S$106.4m, on the lower end of expectations, dragged by lower residential and hotel contributions.
■ Slack likely to be filled by ramping up overseas residential and rental income.
■ Maintain Add with an unchanged RNAV-backed target price of S$10.47.
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