CapitaLand and CDL's earnings may rebound in 2021, but will that lift their share prices?
CDL's promise to unlock value may be more enticing for investors than CapitaLand's continued pivot to new economy assets
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FOR CapitaLand and City Developments (CDL), 2020 was a year to forget.
This past week, as both these leading property development groups reported dismal results for their respective FY2020s, they emphasised that they were in good shape to seize new opportunities, and urged investors to focus on the future potential of their businesses.
CapitaLand's chief executive officer Lee Chee Koon said last week that Covid-19 hasn't affected the group's plans to become a globally competitive asset manager and real estate company.
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