New City Dev call warrant as stock soars to highest in 5.5 years
• Macquarie has listed a new City Dev call warrant WKUW (https://warrants.com.sg/tools/livematrix/WKUW) that is priced at SGD 0.047 while City Dev trades at SGD 9.12, and moves approximately 5.8 times more than City Dev shares based on its effective gearing level as of 902AM insert ppt image
• City Dev shares have been a solid outperformer over the past three months with a 30% return to propel it to one of the top stock gainers on the STI year to date.
• Trading at SGD7.06 on 21 October 2025, the stock reached a new 5.5 year high of SGD9.16 on 19 Jan. The most significant rally occurred in late Dec and early this month, with the stock breaking above SGD8.00 and continuing to advance through the SGD9.00 level
• City Dev call warrant VY2W (https://warrants.com.sg/tools/livematrix/VY2W) - the trending City Dev call warrant in October - is up 208.3% from SGD 0.036 to SGD 0.111, seven times more than City Dev's 29.5% gains during this period.
• According to Bloomberg AI, City Dev's technical indicators point to strong bullish momentum with the stock in a clear uptrend. However, the elevated RSI and position near the upper Bollinger Band suggest caution, as the stock may be vulnerable to short-term profit-taking or consolidation
• In latest news, SGX announced on 9 January that City Dev remains the only company in Southeast Asia on the CDP A List for the eighth consecutive year
• Last week on 14 Jan, the company launched Newport Residences, a freehold luxury project located along Anson Road in prime District 2 - a project investors will be looking forward to hearing about regarding its take-up rate City Dev will announce their 4th quarter earnings on 27 Feb 2026
• Fourteen analysts polled by Bloomberg gave a 3.79 / 5 consensus Buy rating on City Dev, with a 12-month target price of $8.69. Two analysts have a Hold rating on the share while three have a Sell rating on the stock
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