CityDev Stock Falls 3%. Citi Analyst Says CityDev Could Sell More Assets

Dow Jones

11/21

City Developments could sell further assets following the divestment of a wholly owned unit's California residential asset, says Citi analyst Brandon Lee in a note. The latest deal signals the property developer's commitment to proactive capital recycling and would bring completed sales year to date to around S$1.94 billion.

The wholly owned unit that housed the residential asset appears to be undervalued and offers divestment potential, Lee says. CDL is also in advanced talks to sell a retail development on Singapore's Sentosa island, he adds. Citi maintains its buy rating and S$9.01 target on the developer.

Shares fell 3% to S$7.08.

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Citi Analyst Says CityDev Could Sell More Assets","media":"Dow Jones","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/C09.SI\">City Developments</a> could sell further assets following the divestment of a wholly owned unit&#39;s California residential asset, says Citi analyst Brandon Lee in a note. The latest deal signals the property developer&#39;s commitment to proactive capital recycling and would bring completed sales year to date to around S$1.94 billion. </p><p>The wholly owned unit that housed the residential asset appears to be undervalued and offers divestment potential, Lee says. CDL is also in advanced talks to sell a retail development on Singapore&#39;s Sentosa island, he adds. Citi maintains its buy rating and S$9.01 target on the developer. </p><p>Shares fell 3% to S$7.08. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9be4e664387f44852b33a8ab9baea851\" tg-width=\"773\" tg-height=\"606\"/></p><p></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CityDev Stock Falls 3%. Citi Analyst Says CityDev Could Sell More Assets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCityDev Stock Falls 3%. Citi Analyst Says CityDev Could Sell More Assets\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-21 13:17</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/C09.SI\">City Developments</a> could sell further assets following the divestment of a wholly owned unit&#39;s California residential asset, says Citi analyst Brandon Lee in a note. The latest deal signals the property developer&#39;s commitment to proactive capital recycling and would bring completed sales year to date to around S$1.94 billion. </p><p>The wholly owned unit that housed the residential asset appears to be undervalued and offers divestment potential, Lee says. CDL is also in advanced talks to sell a retail development on Singapore&#39;s Sentosa island, he adds. Citi maintains its buy rating and S$9.01 target on the developer. </p><p>Shares fell 3% to S$7.08. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9be4e664387f44852b33a8ab9baea851\" tg-width=\"773\" tg-height=\"606\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999006266.SGD","symbol_name":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2584901557","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584901557","pubTimestamp":1763702233,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0353 GMT - City Developments could sell further assets following the divestment of a wholly owned unit's California residential asset, says Citi analyst Brandon Lee in a note. The latest deal signals the property developer's commitment to proactive capital recycling and would bring completed sales year to date to around S$1.94 billion. The wholly owned unit that housed the residential asset appears to be undervalued and offers divestment potential, Lee says. CDL is also in advanced talks to sell a retail development on Singapore's Sentosa island, he adds. Citi maintains its buy rating and S$9.01 target on the developer. Shares rise 1.8% to S$7.35. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","C09.SI":"城市发展","BK6098":"多样化房地产活动","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","BK6512":"房地产股"},"translate_title":"CityDev股价下跌3%。花旗分析师表示CityDev可能会出售更多资产","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C09.SI":1.5},"content_text":"City Developments could sell further assets following the divestment of a wholly owned unit's California residential asset, says Citi analyst Brandon Lee in a note. The latest deal signals the property developer's commitment to proactive capital recycling and would bring completed sales year to date to around S$1.94 billion. 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