CityDev Last:8.39 -

CityDev

Wait for ten dollars

Fundamentals not so good in terms of amount of bank debts

More upside to come. $7.00 by end August 2025.

Vested for the long term.

Rightstock ( Date: 02-Jul-2025 15:30) Posted:

IMO Citydev is too cheap. $6.00 by July 2025.

Vested for the long term.

There?s no turning back now. Hop in now or never. The adjustment we see recently did not even take into consideration the vast opportunity that is open to the new team to bring in fresh talent. Now that they have shed off the egocentric management style of the yesteryears..

SmallSmall ( Date: 21-Jul-2025 14:02) Posted:

This one will go to the moon target by JP Morgan $6.85.
JP Morgan is also one of the fund mgr selected under the Equity Market Development Programme.

The Edge :->

Mervin Song and Terence Khi of JP Morgan are the latest to turn positive on this stock. In their July 15 note, they upgraded CDL from
" neutral" to " overweight" and increased their target price to $6.85 from $4.85.
" We believe the desire to repair reputations and CDL' s share price should galvanise CDL to be more proactive in executing a monetisation and deleveraging plan going forward, despite bumps along the way," state Song and Khi.

MAS picks Avanda, Fullerton, JP Morgan under $5 bil Equity Market Development Programme

This one will go to the moon target by JP Morgan $6.85.
JP Morgan is also one of the fund mgr selected under the Equity Market Development Programme.

The Edge :->

Mervin Song and Terence Khi of JP Morgan are the latest to turn positive on this stock. In their July 15 note, they upgraded CDL from
" neutral" to " overweight" and increased their target price to $6.85 from $4.85.
" We believe the desire to repair reputations and CDL' s share price should galvanise CDL to be more proactive in executing a monetisation and deleveraging plan going forward, despite bumps along the way," state Song and Khi.

MAS picks Avanda, Fullerton, JP Morgan under $5 bil Equity Market Development Programme

1200

sengkang ( Date: 21-Jul-2025 11:30) Posted:

Six sixty

need to prove to Sincere that they are sincere...

finjungle ( Date: 18-Jul-2025 14:05) Posted:

Good. Should pick up the good crumps in China provided the management is well equip to manage in China

tongphlp ( Date: 18-Jul-2025 13:39) Posted:

more investments in china coming...

Good. Should pick up the good crumps in China provided the management is well equip to manage in China

tongphlp ( Date: 18-Jul-2025 13:39) Posted:

more investments in china coming....

MrBear12 ( Date: 17-Jul-2025 12:03) Posted:

Old wine skins need new win

more investments in china coming....

MrBear12 ( Date: 17-Jul-2025 12:03) Posted:

Old wine skins need new wine

Workaholic ( Date: 17-Jul-2025 11:29) Posted:

No doubt about it, he was a very successful public servant.

There is another aspect of him that stands out with people who I' ve interacted with him. He has such a big ego that it flawed his character to the point of being arrogant, impatient and worst still disrespectful. In casual interactions, his taunting can be very hurtful and lacked class. In short, very childish.

This is something he should be aware of and make amends before time runs out.

yes, i' ve also heard about this. but the country or organisation is willing to forgo that for the betterment of the country/organisation. maybe in an MNC where there' s 360 deg feedback he will not be able to stay long?

Workaholic ( Date: 17-Jul-2025 11:29) Posted:

No doubt about it, he was a very successful public servant.

There is another aspect of him that stands out with people who I' ve interacted with him. He has such a big ego that it flawed his character to the point of being arrogant, impatient and worst still disrespectful. In casual interactions, his taunting can be very hurtful and lacked class. In short, very childish.

This is something he should be aware of and make amends before time runs out.

tongphlp ( Date: 17-Jul-2025 11:09) Posted:

without PY there would have been no EDB....
slowly, we are losing the old guards..granted they have their own views..
PY has no concern as he still holds directorship with so many other companies.

Old wine skins need new wine

Workaholic ( Date: 17-Jul-2025 11:29) Posted:

No doubt about it, he was a very successful public servant.

There is another aspect of him that stands out with people who I' ve interacted with him. He has such a big ego that it flawed his character to the point of being arrogant, impatient and worst still disrespectful. In casual interactions, his taunting can be very hurtful and lacked class. In short, very childish.

This is something he should be aware of and make amends before time runs out.

tongphlp ( Date: 17-Jul-2025 11:09) Posted:

without PY there would have been no EDB....
slowly, we are losing the old guards..granted they have their own views..
PY has no concern as he still holds directorship with so many other companies.

No doubt about it, he was a very successful public servant.

There is another aspect of him that stands out with people who I' ve interacted with him. He has such a big ego that it flawed his character to the point of being arrogant, impatient and worst still disrespectful. In casual interactions, his taunting can be very hurtful and lacked class. In short, very childish.

This is something he should be aware of and make amends before time runs out.

tongphlp ( Date: 17-Jul-2025 11:09) Posted:

without PY there would have been no EDB....
slowly, we are losing the old guards..granted they have their own views..
PY has no concern as he still holds directorship with so many other companies..

finjungle ( Date: 17-Jul-2025 10:46) Posted:

With due respect to all, Mr Philip Yeo is a man with conviction and principle. He did what he opened said at the last AGM.

With his years of experience dealing with certain top world leaders he could have provided invaluable insights of risks and factors affecting our world. He was not the stereotype civil servant.

The new IDs could hardly hold their candles.

A rare opportunity missed

pretty sure along with the departure of PY, those who are with him on his side would slowly exit or be shown the door...
a new regime...

Joelton ( Date: 17-Jul-2025 10:58) Posted:

CDL shares surge over 6% after Philip Yeo exits board

He has previously backed chairman Kwek Leng Beng in his boardroom battle against his son, chief executive officer Sherman Kwek

[SINGAPORE] Shares of City Development Limited (CDL) : C09 +5.92% rose more than 6 per cent on Wednesday (Jul 16), after the property conglomerate said on Tuesday evening that Philip Yeo will be retiring.

Yeo had served on CDL&rsquo s board for 16 years since May 2009, and will retire from his position as a non-independent non-executive director on Jul 31. He had backed executive chairman Kwek Leng Beng in his boardroom battle against his son, chief executive officer Sherman Kwek, earlier this year.

As at 9.01 am, the group&rsquo s shares were up 4.1 per cent at S$5.80, before hitting an intra-day high of S$5.95 by 9.41 am, up 6.8 per cent.

The price dipped to S$5.88 as at 9.50 am, before rising to trade 6.5 per cent or S$0.36 higher at S$5.93 as at 2.13 pm, after 7.2 million securities changed hands.

The departure of Yeo comes three months after CDL&rsquo s annual general meeting (AGM), when he vocally rallied shareholders against &ldquo bullying&rdquo by majority directors.

He had openly urged shareholders at the AGM to reject the re-election of four directors, comprising two new appointees Jennifer Young and Wong Su Yen, and two independents Daniel Desbaillets and Wong Ai Ai.

Yeo&rsquo s objections centred on governance lapses, notably that Young and Wong Su Yen&rsquo s appointments on Feb 7 bypassed the nominating committee &ndash a key point in the elder Kwek&rsquo s original lawsuit against CEO Sherman Kwek, which erupted on Feb 26.

The CDL feud began to subside after a major turning point on Mar 4, when the property giant announced the &ldquo irrevocable resignation&rdquo of Catherine Wu as an unpaid independent adviser to CDL&rsquo s hotel arm, Millennium & Copthorne Hotels. Wu&rsquo s long relationship with Kwek Leng Beng had caused the rift within the CDL group.

Yeo, 78, was the former executive chairman and subsequently executive co-chairman of Economic Development Board between 1986 and 2006. He was also formerly a special adviser for economic development in the Prime Minister&rsquo s Office from 2007 to 2011. After exiting CDL&rsquo s board, Yeo will remain on the board of 20 other companies, including IndoFood Agri Resources, QAF and Sunway.

without PY there would have been no EDB....
slowly, we are losing the old guards..granted they have their own views..
PY has no concern as he still holds directorship with so many other companies..

finjungle ( Date: 17-Jul-2025 10:46) Posted:

With due respect to all, Mr Philip Yeo is a man with conviction and principle. He did what he opened said at the last AGM.

With his years of experience dealing with certain top world leaders he could have provided invaluable insights of risks and factors affecting our world. He was not the stereotype civil servant.

The new IDs could hardly hold their candles.

A rare opportunity missed

tongphlp ( Date: 17-Jul-2025 10:32) Posted:

with due respect, he belongs to the Old Guard....eat salt more than rice...been thru more than SK..