Phillip keeps SGD 11.32 target for City Developments stock

Published on 10/17/2026 at 18:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached SGD 2.70 billion, up 61.10 percent. City Developments stock costs SGD 7.04 on October 16, 2026, down 0.14 percent on SGX.

Target and operating figures

Phillip Securities Research kept its SGD 11.32 target on October 9, 2026.
First-half revenue reached SGD 2.70 billion, up 61.10 percent year over year.
City Developments stock last stood at SGD 7.04 on October 16, 2026 at 5:05 p.m. SGT, down 0.14 percent on the Singapore Exchange versus the prior close of October 15, 2026.
City Developments is scheduled to report its next earnings on February 25, 2027.

City Dev, SG1R89002252, Illustration mit AI erstellt.

Phillip Securities Research kept its SGD 11.32 RNAV target for City Developments on October 9, 2026, putting the target 60.80 percent above the stock's SGD 7.04 last price, according to POEMS. City Developments last stood at SGD 7.04 on the Singapore Exchange on October 16, 2026 at 5:05 p.m. SGT, down 0.14 percent from the prior close.

Revenue growth remains the operating anchor

City Developments reported first-half 2026 revenue of SGD 2.70 billion, up from SGD 1.70 billion in the first half of 2025, while PATMI rose 230.00 percent year over year, according to Yahoo Finance. The comparison matters because the latest performance was driven by project revenue recognition rather than a simple volume increase.

Price position spans SGD 7.03 to SGD 10.09

The Singapore quote moved between SGD 7.03 and SGD 7.17 on October 16, 2026, with 1,750,000 shares traded against an average volume of 2,338,714 shares. At SGD 7.04, the stock sat 30.23 percent below its 52-week high of SGD 10.09 and 1.59 percent above its 52-week low of SGD 6.93.

On October 4, 2026, City Developments said 350 of the 570 Lucerne Grand units had sold by 6:00 p.m., or 61.40 percent of the project, according to the company's City Developments.

Valuation and the next reporting date

City Developments had a market capitalization of SGD 6.3 billion as of October 16, 2026. Its next earnings report is scheduled for February 25, 2027, according to TradingView.

Comparison with peers

City Developments (Singapore Exchange, SGD): minus 0.14 percent, market capitalization SGD 6.3 billion
CapitaLand Investment (Singapore Exchange, SGD): 0.00 percent, P/E 43.75, market capitalization SGD 11.9 billion
UOL Group (Singapore Exchange, SGD): 0.00 percent, P/E 12.08, market capitalization SGD 6.4 billion

Singapore quote and next date

The analyst target remains well above the latest Singapore price, while the first-half revenue comparison provides the main operating counterweight. The next scheduled earnings date is February 25, 2027.

Market context: Latest market reports.

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