CITIGROUP REITERATES BUY CALL FOR CDL WITH TARGET PRICE $9.51

SPOT_ON
06-11

CDL besides unlocking significant value and delivering accretion to net asset value, Citi expects a higher pace of asset monetization. This could lead to lower net gearing and higher dividends, which are key share-price catalysts. 


Citi maintains the stock's buy rating and target price of S$9.51


At the end of the day, the group needs to "work hard" to close the gap between its share price and its RNAV of $19.68 , which goes back to executing its strategy well, says Kwek.

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Modify on 2025-06-12 08:17

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  • SPOT_ON
    ·06-12
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    At the end of the day, the group needs to "work hard" to close the gap between its share price and its RNAV, which goes back to executing its strategy well, says Kwek.
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  • SPOT_ON
    ·06-12
    TOP
    Opportune time’ for CDL to relook at share buybacks after price at ’70% discount to true value’: CEO Sherman Kwek
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  • SPOT_ON
    ·06-12
    As at the FY2024 ended Dec 31, 2024, CDL's net asset value (NAV) stood at $10.17 per share while its revalued NAV (RNAV) stood at $17.57 per share or $19.68 per share considering its fair value taken all valuation surpluses on portfolio
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  • SPOT_ON
    ·06-30
    Great article, would you like to share it?
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  • SPOT_ON
    ·06-12
    Great article, would you like to share it?
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  • SPOT_ON
    ·06-12
    Great article, would you like to share it?
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  • Guava123
    ·06-12

    Great article, would you like to share it?

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    • SPOT_ON: 
      [Salute]
      06-12
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  • SPOT_ON
    ·06-11
    Great article, would you like to share it?
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  • SPOT_ON
    ·06-11
    Great article, would you like to share it?
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