Skip to Content

City Developments Ltd C09

Morningstar’s Analysis

Valuation
Currency in SGD

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Placing City Developments Under Review

Michael Wu, CAIA Senior Equity Analyst

Analyst Note

| Michael Wu, CAIA |

We are placing City Developments under review following a change in analyst coverage. We plan to reinitiate coverage of CDL at end-June.

Read Full Analysis

Company Profile

Business Description

City Developments, or CDL, is a listed property group of parent company Hong Leong Group. CDL's main businesses in property development and hotel operations makes up the majority of the group's operating profit. A portfolio of investment properties underpins recurring rental income and increasing income from investment properties is a key strategy for the group in the medium term. CDL's key geography is in Singapore with almost half of the group's total assets derived there. Its expansion into international markets is focused on the United Kingdom, China and Japan. CDL privatized its hotel operations, Millennium and Copthorne in 2019.

Contact
9 Raffles Place, No. 12-01 Republic Plaza
Singapore, 048619, Singapore
T +65 68778228
Sector Real Estate
Industry Real Estate - Development
Most Recent Earnings Dec 31, 2019
Fiscal Year End Dec 31, 2020
Stock Type
Employees 415