SGX:C09Real Estate
City Developments (SGX:C09) Stock Sees Profit Jump But Gearing Clouds Upside
City Developments shares closed at SGD8.12 on Friday after a steady few weeks, which puts you in an interesting spot as you weigh what H1 2026 really means. The headline is a sharp profit surge on the back of property development and hotels, with profit after tax and minority interests reaching about SGD302m and group revenue at roughly SGD2.7b.
The twist is that the strongest story today sits in the margins. Trailing 12 month net margin has climbed to 18% compared with 5.7% a year earlier,...