SGX:C09Real Estate
City Developments (SGX:C09) Valuation Check As Asset Sales And Review Talk Lift Investor Interest
Recent broker attention on City Developments (SGX:C09) has focused on its asset sales program, including the agreed disposal of Quayside Isle @ Sentosa Cove at about 47% above book value, alongside discussion of a potential strategic review.
See our latest analysis for City Developments.
Those asset disposals and talk of a broader review are landing in a period of strong momentum, with a 30 day share price return of 22.68% and a 1 year total shareholder return of 77.58%. This suggests...