CDL's Stellar Growth: $4.9 Billion Revenue Revealed | The Investing Iguana π¦
π© It's time to dive deep into the financial performance of real estate titan City Developments Limited (CDL). In this video, we'll unpack their stellar FY2023 results which saw them smash revenue records with a whopping $4.9 billion haul! $CityDev(C09.SI)$
We'll analyze the key drivers behind this remarkable growth, from their blockbuster property development projects like the sold-out Piermont Grand EC, to strategic land divestitures boosting their top line. While revenue soared, we'll examine why profits took a dip and what it means for investors looking at CDL's future prospects.
Beyond the financials, we'll explore CDL's robust $33 billion global portfolio spanning 28 countries, their attractive revalued net asset value presenting deep value, and their forward-thinking "Growth, Enhancement, and Transformation" strategy to optimize recurring income streams.
With CDL's bold $61 million share buyback at bargain valuations, we'll assess if this real estate titan is truly undervalued and a compelling opportunity for investors to capitalize on. Get ready to go behind the scenes and see what makes this Singapore property juggernaut tick!
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π₯ Remember, always conduct your own research and consult a financial advisor before making any investment decisions. Happy investing, and see you in the next episode!
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