City Developments' Recent Rally Still Has Room to Run -- Market Talk

Dow Jones
11/19

0201 GMT - City Developments' recent rally still has room to run, RHB Research analyst Vijay Natarajan writes in a report. The property developer's share price, which has rebounded from the bottom in April, is supported by a strong momentum in Singapore's residential property market. The rally will likely be driven by City Development's renewed focus on asset divestments, a positive outlook for Singapore's real estate sector, and government policy measures supporting deep-value plays. RHB upgrades the stock's rating to buy from neutral and raises its target price to S$8.50 from S$4.90. Shares are 0.3% lower at S$7.18.(amanda.lee@wsj.com)

 

(END) Dow Jones Newswires

November 18, 2025 21:01 ET (02:01 GMT)

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