Stocks to watch: CDL, DFI Retail Group, Cordlife, First Resources
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THE following companies saw new developments that may affect trading of their securities on Thursday (Apr 18):
City Developments Ltd (CDL): The property giant’s majority-held strata-titled building, Delfi Orchard, is up for collective sale at a S$438 million guide price. Citing marketing agent Savills Singapore, The Business Times reported that this translates to about S$3,397 per square foot per plot ratio. CDL shares closed S$0.05 or 0.9 per cent higher at S$5.66 on Wednesday.
DFI Retail Group : The group, formerly known as Dairy Farm International, has put its last two Singapore properties on the market. On Thursday, BT reported that the total guide price for these two assets is S$48.5 million, though potential buyers can make offers for one or both properties. Shares of DFI ended Wednesday US$0.02 or 1.1 per cent lower at US$1.81.
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