Welcome to the Let the Money Talk podcast.
In this episode, Phillip Securities Research's analyst, Natalie Ong, discusses the report on City Developments Limited's underway recovery and asset monetisation.
Re-initiate on City Developments with a BUY recommendation and target price of S$9.19.
Investment Thesis:
1. Catching the Singapore property upcycle with its strong development pipeline
2. Impending recovery of the hospitality sector
3. Asset monetisation through potential SREIT listing should improve CDL's financial position
Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full report.
