City Developments Limited's (CDL) CEO Sherman Kwek is not ruling out the possibility of continuing share buybacks, considering that its current share price levels is at an over 70% discount to its true value. 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. $CityDev(C09.SI)$ $DBS Group Holdings(D05.SI)$ $TENCENT(00700)$ $Apple(AAPL)$
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@SPOT_ON:CDL SHARE BUYBACK. HUGE UNDERVALUED STOCK . RNAV : $19.86
Kwek family’s controlling stake in CDL increase to 55.51 per cent from 49.29 per cent as at March 10 PRIVATIZATION IN THE MAKING? AS CDL IS TRADING 70% OF RNAV FAIR VALUE
@SPOT_ON:CDL SHARE BUYBACK. HUGE UNDERVALUED STOCK . RNAV : $19.86
In Singapore, a mandatory takeover offer is triggered when a bidder, alone or in concert with others, acquires 30 per cent or more of the target company’s voting rights. A takeover is also triggered if those holding between 30 per cent and 50 per cent of voting rights acquire more than 1 per cent in additional shares within a six-month period. A bidder and people acting in concert must make a voluntary general offer when they hold more than 50 per cent of the voting rights.
@SPOT_ON:CDL SHARE BUYBACK. HUGE UNDERVALUED STOCK . RNAV : $19.86
CDL seeks shareholders’ nod to buy back shares, which could raise Kwek family’s stake to 55.5% A recent tussle for control of CDL between Mr Kwek Leng Beng (right) and his son Sherman Kwek sent the company's shares tumbling.PHOTO: LIANHE ZAOBAO FILE Angela Tan UPDATED APR 08, 2025, 10:26 PM SINGAPORE – City Developments Limited (CDL), the Singapore hotel and property group that was embroiled in a recent boardroom feud, is seeking shareholders’ approval to buy back the company’s shares. In a letter to shareholders on April 8, CDL executive chairman Kwek Leng Beng said the company is seeking shareholders’ approval at its annual general meeting on April 23 to renew a share purchase mandate. This would allow the company to buy back up to 10 per cent of its ordinary shares from the market, as w
@SPOT_ON:CDL SHARE BUYBACK. HUGE UNDERVALUED STOCK . RNAV : $19.86
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ACCUMULATE CHEAP !!@SPOT_ON:CDL SHARE BUYBACK. HUGE UNDERVALUED STOCK . RNAV : $19.86
$First Reit(AW9U.SI)$ DON'T FORGET FIEST REIT WITH MASSIVE 9% YIELD !!
@yourcelesttyy:Healthcare Sector Gains Traction in Market Recovery: A Defensive Play?
CDL SHARE BUYBACK. HUGE UNDERVALUED STOCK . RNAV : $19.86
CDL SHARE BUYBACK. HUGE UNDERVALUED STOCK . RNAV : $19.86
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@SPOT_ON:CDL READY TO LAUNCH UK REIT IPO
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@SPOT_ON:CDL READY TO LAUNCH UK REIT IPO
CDL READY TO LAUNCH UK REIT IPO
City Developments Limited (CDL) CEO Sherman Kwek says plans for a REIT IPO of its UK commercial assets, which were shelved in late-2022, are back on the table. Bloomberg reported then that the IPO could raise some GBP500 million in a 3Q2021 debut, with a portfolio size of about GBP1.8 billion. CDL acquired a third UK commercial asset, St Katharine Docks in central London, for GBP395 million in March 2023. Kwek notes that CDL now has three properties in the UK. "When conditions are right, it is something we would like to explore again," says Kwek $CityDev(C09.SI)$ $Meta Platforms, Inc.(META)$ $Amazon.com(AMZN)$
CDL READY TO LAUNCH UK REIT IPO
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@SPOT_ON:CAPITALAND INVESTMENT & CAPITALAND CHINA TRUST MASSIVE SHANGHAI IPO
@SPOT_ON:CDL offers to privatise Millennium & Copthorne Hotels New Zealand
@SPOT_ON:CDL offers to privatise Millennium & Copthorne Hotels New Zealand
CDL offers to privatise Millennium & Copthorne Hotels New Zealand
After the privatization of millennium and copthorne hotels in London few years ago......... City Developments Limited (CDL), through its wholly-owned subsidiary, CDL Hotels Holdings New Zealand Limited (CDLHH NZ), is making an offer of NZ$2.25 ($1.72) for all the shares it does not own in New Zealand-listed Millennium & Copthorne Hotels New Zealand Limited (MCK). Following the completion of the offer, CDL intends to delist and privatise MCK, which will simplify the ownership structure of the group’s New Zealand entities. LAUNCH MILLENNIUM AND COPTHORNE AS A NEW REIT ?? $CityDev(C09.SI)$ $Tesla Motors(TSLA)$ $NVIDIA(NVDA)$
CDL offers to privatise Millennium & Copthorne Hotels New Zealand
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@SPOT_ON:CAPITALAND INVESTMENT & CAPITALAND CHINA TRUST MASSIVE SHANGHAI IPO
will CDL list another hospitality REIT after it has gain full.control of millennium and corpthorne hotels !!???
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Full Takeover Offer: On January 20, 2025, CDLHH NZ announced its intention to make a full takeover offer for the remaining approximately 24% of ordinary shares in MCK that it does not already own. The offer price was NZ$2.25 per share. * Privatization Plans: Following the potential completion of the takeover offer, CDL intends to delist and privatize MCK from the New Zealand Stock Exchange (NZX). This move aims to simplify the ownership structure of CDL's New Zealand entities and allow for reinvestment in MCK's assets
@SPOT_ON:SUPER UNDERVALUED. CDL RNAV is $19.86
any chance the management privatize CDL since share price trade way below NAV and RNAV !!!
@SPOT_ON:SUPER UNDERVALUED. CDL RNAV is $19.86
CDL USED TO TRADE AROUND $17 FEW YEARS AGO
@SPOT_ON:SUPER UNDERVALUED. CDL RNAV is $19.86
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