0238 GMT - City Developments' strategic review could point to a more disciplined approach toward capital management and long-term value creation, which could enhance its return on equity, UOB Kay Hian's Lock Mun Yee says in a note. She expects the review to provide more clarity on the Singapore property company's opportunities for asset sales and redevelopment. Potential divestments could include assets in the U.K. and China, the analyst adds. These could boost its share price and narrow its gap to its net asset value, she says. The strategic review outcome is due Monday. UOB Kay Hian raises its target price to 11.85 Singapore dollars from S$11.50 to reflect a higher revalued net asset value. It retains its buy rating. Shares decline 1.7% to S$8.28.