Citi Lowers Target Price For City Developments To $9.01

Edge

2025/07/21

Citi Singapore has reduced its target price for City Developments (CDL) to $9.01 from $9.51 previously, following the recently announced divestments of three properties under the group among other factors. Analyst Brandon Lee is keeping his “buy” rating on CDL.

CDL recently announced the divestment of South Beach mixed-use integrated development, Hong Leong City Centre's retail/office components and Cideco Industrial Complex. The group revised its residential sales schedule and updated forex assumptions, which was mitigated by acquisition of integrated/residential sites in China/Singapore.

Lee has cut his FY2025/2026 core patmi by 18.6%/2.4% to $434.6million/$535.0 million after taking into account these factors.

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Analyst Brandon Lee is keeping his “buy” rating on CDL.</p><p>CDL recently announced the divestment of South Beach mixed-use integrated development, Hong Leong City Centre's retail/office components and Cideco Industrial Complex. 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Analyst Brandon Lee is keeping his “buy” rating on CDL.</p><p>CDL recently announced the divestment of South Beach mixed-use integrated development, Hong Leong City Centre's retail/office components and Cideco Industrial Complex. The group revised its residential sales schedule and updated forex assumptions, which was mitigated by acquisition of integrated/residential sites in China/Singapore.</p><p>Lee has cut his FY2025/2026 core patmi by 18.6%/2.4% to $434.6million/$535.0 million after taking into account these factors.</p>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.theedgesingapore.com/capital/brokers-calls/citi-lowers-target-price-city-developments-901\">Edge</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"C09.SI","symbol_name":"城市發展","start_time":0,"source_url":"https://www.theedgesingapore.com/capital/brokers-calls/citi-lowers-target-price-city-developments-901","article_id":"1142715039","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1142715039","pubTimestamp":1753062354,"columns":[{"name":"大行評級","id":27,"label_key":"rating"}],"sourceInfo":{"source_id":"lsy1655096814160","name":"The Edge Singapore"},"weMediaInfo":null,"summary":"Citi Singapore has reduced its target price for City Developments (CDL) to $9.01 from $9.51 previously, following the recently announced divestments of three properties under the group among other...","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"C09.SI":"城市发展"},"translate_title":"花旗将City Developments目标价下调至9.01美元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C09.SI":1.1},"content_text":"Citi Singapore has reduced its target price for City Developments (CDL) to $9.01 from $9.51 previously, following the recently announced divestments of three properties under the group among other factors. 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