City Developments Could Exit Legacy U.K. Assets -- Market Talk

Dow Jones

May 25

0435 GMT - City Developments could exit its legacy U.K. portfolio as it looks to optimize its assets, says Phillip Securities' Darren Chan in a note. The U.K. assets appear to be underperforming and could potentially be sold as the Singapore-based property company aims to reduce its net gearing and unlock value for its shareholders, the analyst says. It could also sell some commercial properties in China that are operating under challenging market conditions, he adds. He anticipates CDL's strategic review to potentially include fund-management initiatives such as private funds to recycle its noncore assets. Phillip Securities maintains its buy rating and S$11.32 target price on the stock. Shares rise 3.2% to S$8.43. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 25, 2026 00:35 ET (04:35 GMT)

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The U.K. assets appear to be underperforming and could potentially be sold as the Singapore-based property company aims to reduce its net gearing and unlock value for its shareholders, the analyst says. It could also sell some commercial properties in China that are operating under challenging market conditions, he adds. He anticipates CDL's strategic review to potentially include fund-management initiatives such as private funds to recycle its noncore assets. Phillip Securities maintains its buy rating and S$11.32 target price on the stock. Shares rise 3.2% to S$8.43. 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The U.K. assets appear to be underperforming and could potentially be sold as the Singapore-based property company aims to reduce its net gearing and unlock value for its shareholders, the analyst says. It could also sell some commercial properties in China that are operating under challenging market conditions, he adds. He anticipates CDL's strategic review to potentially include fund-management initiatives such as private funds to recycle its noncore assets. Phillip Securities maintains its buy rating and S$11.32 target price on the stock. Shares rise 3.2% to S$8.43. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 25, 2026 00:35 ET (04:35 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGXZ24219693.SGD","symbol_name":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2638582134","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2638582134","pubTimestamp":1779683700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0435 GMT - City Developments could exit its legacy U.K. portfolio as it looks to optimize its assets, says Phillip Securities' Darren Chan in a note. The U.K. assets appear to be underperforming and could potentially be sold as the Singapore-based property company aims to reduce its net gearing and unlock value for its shareholders, the analyst says. It could also sell some commercial properties in China that are operating under challenging market conditions, he adds. He anticipates CDL's strategic review to potentially include fund-management initiatives such as private funds to recycle its noncore assets. Phillip Securities maintains its buy rating and S$11.32 target price on the stock. Shares rise 3.2% to S$8.43. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGXZ24219693.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","BK6098":"多样化房地产活动","C09.SI":"城市发展","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SGXZ43160589.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC","BK6512":"房地产股","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD"},"translate_title":"城市开发可能会退出英国遗留资产——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C09.SI":1.5},"content_text":"0435 GMT - City Developments could exit its legacy U.K. portfolio as it looks to optimize its assets, says Phillip Securities' Darren Chan in a note. The U.K. assets appear to be underperforming and could potentially be sold as the Singapore-based property company aims to reduce its net gearing and unlock value for its shareholders, the analyst says. It could also sell some commercial properties in China that are operating under challenging market conditions, he adds. He anticipates CDL's strategic review to potentially include fund-management initiatives such as private funds to recycle its noncore assets. Phillip Securities maintains its buy rating and S$11.32 target price on the stock. Shares rise 3.2% to S$8.43. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 25, 2026 00:35 ET (04:35 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}