Last $10.26 SGD
Change Today +0.09 / 0.88%
Volume 683.8K
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As of 4:04 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

city developments ltd (CIT) Snapshot

Open
$10.24
Previous Close
$10.17
Day High
$10.34
Day Low
$10.20
52 Week High
04/24/14 - $11.14
52 Week Low
03/20/14 - $9.03
Market Cap
9.3B
Average Volume 10 Days
764.4K
EPS TTM
$0.83
Shares Outstanding
909.3M
EX-Date
04/30/15
P/E TM
12.3x
Dividend
$0.08
Dividend Yield
1.17%
Current Stock Chart for CITY DEVELOPMENTS LTD (CIT)

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city developments ltd (CIT) Details

City Developments Limited, through its subsidiaries, engages in the development and investment of real estate properties, and ownership and management of hotels, as well as the provision of hospitality solutions. It develops various types of residential properties; develops and leases commercial properties, such as office, industrial, and retail properties; owns and operates 110 hotels in 18 countries; and provides technology solutions for the global hospitality industry. The company also operates and owns clubs; offers property management, project management, and consultancy services; and provides information technology and procurement services. City Developments Limited has operations in Asia, Europe, North America, New Zealand, and Australia. The company was founded in 1963 and is headquartered in Singapore, Singapore.

Founded in 1963

city developments ltd (CIT) Top Compensated Officers

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Executives, Board Directors

city developments ltd (CIT) Key Developments

Investors Mull Acquisition Of Investa

Mitsubishi Estate Co., Ltd. (TSE:8802), CBRE Global Investors Inc., City Developments Limited (SGX:C09) along with other investors are mulling the acquisition of Investa Property Group from Morgan Stanley Real Estate Investing. The other investors include The Blackstone Group L.P. (NYSE:BX), Ivanhoé Cambridge, Inc., Fosun International Limited (SEHK:656), LaSalle Investment Management Inc. and Cbus Property Pty Ltd. No time limit has been set on the sale.

City Developments Limited, 2014 Earnings Call, Feb 16, 2015

City Developments Limited, 2014 Earnings Call, Feb 16, 2015

City Developments Limited Proposes Final Tax-Exempt (One-Tier) Ordinary Share Cash Dividend and Special Final Tax- Exempt (One-Tier) Dividend for the Financial Year Ended December 31, 2014, Payable on May 20, 2015; Reports Unaudited Group Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

City Developments Limited proposed final tax-exempt (one-tier) ordinary cash dividend of 8.0 cents per share and a special final tax- exempt (One-tier) ordinary dividend of 4.0 per share for the financial year ended December 31, 2014. Subject to ordinary shareholders' approval at the Annual General Meeting to be held on 22 April 2015, the proposed final and special final Ordinary dividends for financial year ended 31 December 2014 will be payable on 20 May 2015. Books Closure Date is on 5 May 2015. The company reported unaudited group earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of SGD 846,933,000 against SGD 788,720,000 for the same period in the last year. Profit before income tax was SGD 437,142,000 against SGD 270,865,000 for the same period in the last year. Profit attributable to owners of the company was SGD 384,897,000 or 40.3 cents per diluted share against SGD 221,977,000 or 23.3 cents per diluted share for the same period in the last year. Profit from operations was SGD 453,850,000 against SGD 264,722,000 for the same period in the last year. Cash flows from operating activities brought forward were SGD 379,442,000 against SGD 134,560,000 for the same period in the last year. Capital expenditure on investment properties was SGD 29,934,000 against SGD 10,528,000 for the same period in the last year. Payments for purchase of property, plant and equipment were SGD 229,193,000 against SGD 101,175,000 for the same period in the last year. Payments for purchase of investment property were SGD 229,193,000 against SGD 101,175,000 for the same period in the last year. For the fourth quarter, the group registered a significant increase of 73.4% in attributable profit after tax and non-controlling interests of SGD 384.9 million. For the year, the company reported revenue of SGD 3,763,938,000 against SGD 3,213,337,000 for the same period in the last year. Profit before income tax was SGD 1,003,730,000 against SGD 948,052,000 for the same period in the last year. Profit attributable to owners of the company was SGD 769,637,000 or 80.6 cents per diluted share against SGD 686,241,000 or 71.9 cents per diluted share for the same period in the last year. Property development was the main contributor to the company's pre-tax profit. Profit from operations was SGD 1,039,420,000 against SGD 968,036,000 for the same period in the last year. Net borrowings were SGD 2,820,019,000 December 31, 2014 against SGD 2,589,324,000 as at December 31, 2013. Cash flows from operating activities brought forward were SGD 292,183,000 against SGD 676,733,000 for the same period in the last year. Capital expenditure on investment properties was SGD 97,497,000 against SGD 26,411,000 for the same period in the last year. Payments for purchase of property, plant and equipment were SGD 838,693,000 against SGD 246,882,000 for the same period in the last year. Increase in intangible assets was SGD 366,000 against SGD 290,000 for the same period in the last year.

 

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CIT

Industry Average

Valuation CIT Industry Range
Price/Earnings 12.5x
Price/Sales 2.4x
Price/Book 1.1x
Price/Cash Flow 11.7x
TEV/Sales NM Not Meaningful
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