City Developments Stock Forecast, Price & News

-0.02 (-0.33 %)
(As of 04/16/2021 08:10 PM ET)
Today's Range
Now: $6.00
50-Day Range
MA: $5.78
52-Week Range
Now: $6.00
Volume39,300 shs
Average Volume10,339 shs
Market Capitalization$5.44 billion
P/E Ratio13.33
Dividend Yield0.83%
City Developments Limited (CDL) is a leading global real estate operating company with a network spanning 103 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, integrated developments and shopping malls. With a proven track record of over 55 years in real estate development, investment and management, CDL has developed over 43,000 homes and owns over 18 million square feet of lettable floor area globally. Its diversified global land bank offers 4.1 million square feet of developable gross floor area. The Group's London-based hotel arm, Millennium & Copthorne Hotels (M&C), is one of the world's largest hotel chains, with over 145 hotels worldwide, many in key gateway cities. Leveraging its deep expertise in developing and managing a diversified asset base, the Group is focused on enhancing the performance of its portfolio and strengthening its recurring income streams to deliver long-term sustainable value to shareholders. The Group is also developing a fund management business and targets to achieve US$5 billion in Assets Under Management (AUM) by 2023.
City Developments logo

Industry, Sector and Symbol

Industry Subdividers & developers, not elsewhere classified
Previous SymbolNASDAQ:CDEVY
Year FoundedN/A



Sales & Book Value

Annual Sales$2.51 billion
Cash Flow$0.72 per share
Book Value$9.11 per share



Market Cap$5.44 billion
Next Earnings DateN/A
OptionableNot Optionable


Here's what Wall Street expects from City Developments's earnings report
February 26, 2021 |  markets.businessinsider.com
Singapore’s Top Developer Woes Grow Over China Investment
December 29, 2020 |  finance.yahoo.com
News for City Developments Ltd.
December 26, 2020 |  markets.businessinsider.com
City Developments Ltd. ADR
March 24, 2020 |  www.barrons.com
City Developments Limited (CDEVY)
March 22, 2020 |  finance.yahoo.com
Singapore Property Rule Easing May Start Regulatory Shift
February 6, 2020 |  finance.yahoo.com
City Developments Limited (ADR)
October 2, 2019 |  www.reuters.com
China Shifts, and Detroit’s Big Bet Goes Sour
February 27, 2019 |  www.nytimes.com
See More Headlines


Overall MarketRank

1.52 out of 5 stars

Finance Sector

624th out of 1,955 stocks

Subdividers & Developers, Not Elsewhere Classified Industry

3rd out of 9 stocks

Analyst Opinion: 0.0Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 3.8 5 -4 -3 -2 -1 -
-0.02 (-0.33 %)
(As of 04/16/2021 08:10 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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City Developments (OTCMKTS:CDEVY) Frequently Asked Questions

Is City Developments a buy right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for City Developments in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" City Developments stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CDEVY, but not buy additional shares or sell existing shares.
View analyst ratings for City Developments
or view top-rated stocks.

What stocks does MarketBeat like better than City Developments?

Wall Street analysts have given City Developments a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but City Developments wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting City Developments?

City Developments saw a increase in short interest in March. As of March 31st, there was short interest totaling 1,500 shares, an increase of 150.0% from the March 15th total of 600 shares. Based on an average trading volume of 17,900 shares, the short-interest ratio is presently 0.1 days.
View City Developments' Short Interest

How were City Developments' earnings last quarter?

City Developments Limited (OTCMKTS:CDEVY) posted its quarterly earnings results on Thursday, November, 10th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.04 by $0.09. The business earned $682.51 million during the quarter.
View City Developments' earnings history

How has City Developments' stock price been impacted by Coronavirus (COVID-19)?

City Developments' stock was trading at $6.30 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CDEVY stock has decreased by 4.8% and is now trading at $6.00.
View which stocks have been most impacted by COVID-19

How often does City Developments pay dividends? What is the dividend yield for City Developments?

City Developments announced an annual dividend on Saturday, February 27th. Investors of record on Wednesday, May 5th will be given a dividend of $0.079 per share on Tuesday, June 1st. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, May 4th.
View City Developments' dividend history

Is City Developments a good dividend stock?

City Developments pays an annual dividend of $0.05 per share and currently has a dividend yield of 0.83%. The dividend payout ratio of City Developments is 11.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, City Developments will have a dividend payout ratio of 13.89% next year. This indicates that City Developments will be able to sustain or increase its dividend.
View City Developments' dividend history.

Who are City Developments' key executives?

City Developments' management team includes the following people:
  • Mr. Leng Beng Kwek, Exec. Chairman (Age 80, Pay $6.65M)
  • Mr. Eik Tse Kwek, Group CEO & Exec. Director (Age 46, Pay $2.12M)
  • Ms. Yim Ming Yiong, Group Chief Financial Officer (Age 48)
  • Mr. Shao-Hong Khoo, Group Chief Investment Officer (Age 52)
  • Ms. Ong Siew Toh, Sr. VP of Group Accounts
  • Mr. Ivan Ng, Chief Technology Officer
  • Cindy Tan, Head of Admin. Department
  • Ms. Belinda Lee, VP, Head of IR & Corp. Communications
  • Ms. Sharifah Shakila Shah, Sr. VP of Legal
  • Ms. Adeline Ong, Sr. VP of Sales & Marketing

Who are some of City Developments' key competitors?

What is City Developments' stock symbol?

City Developments trades on the OTCMKTS under the ticker symbol "CDEVY."

How do I buy shares of City Developments?

Shares of CDEVY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is City Developments' stock price today?

One share of CDEVY stock can currently be purchased for approximately $6.00.

How much money does City Developments make?

City Developments has a market capitalization of $5.44 billion and generates $2.51 billion in revenue each year. The company earns $413.95 million in net income (profit) each year or $0.44 on an earnings per share basis.

How many employees does City Developments have?

City Developments employs 15,000 workers across the globe.

What is City Developments' official website?

The official website for City Developments is www.cdl.com.sg.

Where are City Developments' headquarters?

City Developments is headquartered at 9 RAFFLES PLACE NO 12-01 REPUBLIC PLAZA, SINGAPORE U0, 048619.

How can I contact City Developments?

City Developments' mailing address is 9 RAFFLES PLACE NO 12-01 REPUBLIC PLAZA, SINGAPORE U0, 048619. The company can be reached via phone at 65-6877-8228 or via email at [email protected]

This page was last updated on 4/19/2021 by MarketBeat.com Staff
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