Last $10.54 SGD
Change Today -0.05 / -0.47%
Volume 389.0K
As of 5:04 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

city developments ltd (CIT) Snapshot

Open
$10.55
Previous Close
$10.59
Day High
$10.55
Day Low
$10.47
52 Week High
04/24/14 - $11.18
52 Week Low
02/4/14 - $8.60
Market Cap
9.6B
Average Volume 10 Days
348.5K
EPS TTM
$0.72
Shares Outstanding
909.3M
EX-Date
04/30/14
P/E TM
14.7x
Dividend
$0.08
Dividend Yield
1.52%
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

City Developments Limited Presents at Terrapinn's 13th Annual Real Estate Investment World Asia 2014, Jun-25-2014 09:45 AM

City Developments Limited Presents at Terrapinn's 13th Annual Real Estate Investment World Asia 2014, Jun-25-2014 09:45 AM. Venue: Sands Expo and Convention Centre, Singapore. Speakers: Grant L. Kelley, Chief Executive Officer.

City Developments Limited Incorporates Subsidiary Companies

City Developments Limited has incorporated two wholly-owned subsidiaries known as Adisa Holdings Pte. Ltd. and Dathan Holdings Pte. Ltd. on April 24, 2014 in Republic of Singapore. Issued share capital of both subsidiaries will be SGD 2.00, and principal activity will be investment holding.

City Developments Limited Declares Tax-Exempt (One-Tier) Non-Cumulative Preference Dividend, Payable on June 30, 2014; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for 2014

City Developments Limited declared the payment of a tax-exempt (one-tier) non-cumulative preference dividend to holders of City Developments Limited Preference Shares in accordance with the terms of issue of the Preference Shares. The payment date is June 30, 2014. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported profit from operating activities of SGD 158.81 million compared to SGD 204.32 million reported a year ago. Profit before income tax was SGD 156.75 million compared to SGD 200.47 million reported a year ago. Profit attributable to owners of the company was SGD 119.66 million or 12.5 cents per diluted share compared to SGD 137.71 million or 14.4 cents per diluted share reported a year ago. Revenue was SGD 734.24 million compared to SGD 776.23 million reported a year ago. Cash flows from operating activities carried forward was SGD 103.2 million compared to cash used in operating activities carried forward of SGD 18.97 million reported a year ago. Capital expenditure on investment properties was SGD 11.40 million compared to SGD 3.83 million reported a year ago. Net asset value per ordinary share of the group was SGD 8.63 compared to SGD 8.50 as at December 31, 2013. The lower attributable profit after tax and non-controlling interests was primarily due to gains recorded from disposal of strata units in Elite Industrial Building I, Elite Industrial Building II and Citimac Industrial Complex in first quarter of 2013. Excluding divestment gains from such non-core investment properties, the group's attributable profit after tax and non-controlling interests would have increased by 4.0%. Net asset value per ordinary share of the company was SGD 6.01 compared to SGD 5.98 as at December 31, 2013. The group expects to remain profitable for 2014.

 

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CIT

Industry Average

Valuation CIT Industry Range
Price/Earnings 15.5x
Price/Sales 3.1x
Price/Book 1.2x
Price/Cash Flow 14.5x
TEV/Sales NM Not Meaningful
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