CDL may catch up with its soaring peers
The developer has been actively unlocking value, but is trading at a much steeper discount to RNAV than UOL
Add BT as a preferred source
[SINGAPORE] Back in February last year, the market was agog as a power struggle erupted at City Developments Ltd (CDL) following the controversial appointment of two independent directors. Less than a year on, the property group’s once-depressed shares are rising fast – and some analysts see “multiple tailwinds” lifting them much higher.
What is behind all the excitement? One obvious factor is that interest rates have been softening. Another is that new home sales rose strongly last year, and are expected to remain resilient this year.
Yet, the strongest driver of CDL’s share price might be the growing excitement in the market about its potential to unlock value and boost its profitability.
TRENDING NOW
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee
