City Developments' Stock Run Spurs Rating Downgrade -- Market Talk

Dow Jones

11/20

0841 GMT - City Developments' recent share-price performance leads Phillip Securities Research's Darren Chan to cut his rating on the stock to accumulate from buy. The analyst's unchanged target price of S$8.34 is a 35% discount to his revalued net asset value of S$12.82. He anticipates strong take-up rates at CDL's launched projects and a faster pace of asset sales could help narrow this discount. The hotel segment could also benefit from a 4Q recovery in Singapore's hospitality sector, supported by large-scale events, such as the Formula One Singapore Grand Prix in October and Korean pop band Blackpink's November concert. CDL shares rise 1.4% to S$7.32. The stock is 44% higher year to date. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

November 20, 2025 03:41 ET (08:41 GMT)

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The analyst's unchanged target price of S$8.34 is a 35% discount to his revalued net asset value of S$12.82. He anticipates strong take-up rates at CDL's launched projects and a faster pace of asset sales could help narrow this discount. The hotel segment could also benefit from a 4Q recovery in Singapore's hospitality sector, supported by large-scale events, such as the Formula One Singapore Grand Prix in October and Korean pop band Blackpink's November concert. CDL shares rise 1.4% to S$7.32. The stock is 44% higher year to date. 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The analyst's unchanged target price of S$8.34 is a 35% discount to his revalued net asset value of S$12.82. He anticipates strong take-up rates at CDL's launched projects and a faster pace of asset sales could help narrow this discount. The hotel segment could also benefit from a 4Q recovery in Singapore's hospitality sector, supported by large-scale events, such as the Formula One Singapore Grand Prix in October and Korean pop band Blackpink's November concert. CDL shares rise 1.4% to S$7.32. The stock is 44% higher year to date. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 20, 2025 03:41 ET (08:41 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\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://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2584218186","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584218186","pubTimestamp":1763628060,"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":"0841 GMT - City Developments' recent share-price performance leads Phillip Securities Research's Darren Chan to cut his rating on the stock to accumulate from buy. The analyst's unchanged target price of S$8.34 is a 35% discount to his revalued net asset value of S$12.82. He anticipates strong take-up rates at CDL's launched projects and a faster pace of asset sales could help narrow this discount. The hotel segment could also benefit from a 4Q recovery in Singapore's hospitality sector, supported by large-scale events, such as the Formula One Singapore Grand Prix in October and Korean pop band Blackpink's November concert. CDL shares rise 1.4% to S$7.32. The stock is 44% higher year to date. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"C09.SI":"城市发展"},"translate_title":"城市发展公司的股票上涨刺激评级下调——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C09.SI":1.5},"content_text":"0841 GMT - City Developments' recent share-price performance leads Phillip Securities Research's Darren Chan to cut his rating on the stock to accumulate from buy. The analyst's unchanged target price of S$8.34 is a 35% discount to his revalued net asset value of S$12.82. He anticipates strong take-up rates at CDL's launched projects and a faster pace of asset sales could help narrow this discount. The hotel segment could also benefit from a 4Q recovery in Singapore's hospitality sector, supported by large-scale events, such as the Formula One Singapore Grand Prix in October and Korean pop band Blackpink's November concert. CDL shares rise 1.4% to S$7.32. The stock is 44% higher year to date. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 20, 2025 03:41 ET (08:41 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}