Phillip Securities keeps SGD 11.32 target for City Developments stock

Published on 10/15/2026 at 19:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached SGD 2.72 billion, up 61.10 percent year over year. City Developments stock costs EUR 4.92 on October 15, 2026.

Analyst view and trading date

On October 9, 2026, Phillip Securities Research kept an SGD 11.32 target for City Developments.
First-half 2026 revenue reached SGD 2.72 billion, up 61.10 percent year over year.
City Developments stock costs EUR 4.92 at Lang & Schwarz on October 15, 2026 at 7:46 p.m. CEST.
The next earnings report is scheduled for February 25, 2027.

City Dev, SG1R89002252, Illustration mit AI erstellt.

Phillip Securities Research kept its Buy recommendation and SGD 11.32 RNAV target for City Developments on October 9, 2026, according to POEMS. Against the SGX price of SGD 7.05 on October 15, 2026, that target stands 60.57 percent higher in the same currency. City Developments stock was at EUR 4.92 at Lang & Schwarz on October 15, 2026 at 7:46 p.m. CEST.

First-half revenue accelerates

The latest operating picture is stronger than the share-price frame alone suggests. City Developments reported SGD 2.72 billion of revenue for the first half of 2026, up 61.10 percent from SGD 1.69 billion in the first half of 2025, according to Yahoo Finance. Profit attributable to owners rose 230.70 percent year over year to SGD 302 million in the same period.

That comparison matters because the first-half figures were driven by Singapore property development, while hotel operations also returned to profit. The earnings call reported hotel profit of SGD 42 million in the first half of 2026, compared with a SGD 84 million loss in the first half of 2025. The comparison includes a favorable exchange effect of about SGD 30 million in the latest period.

Price position and valuation

City Developments last traded at SGD 7.05 on the SGX on October 15, 2026 at 5:04 p.m. SGT. Its 52-week range was SGD 6.92 to SGD 10.09, putting the latest Singapore quote 30.03 percent below the high and 1.88 percent above the low. The euro quotation provides the German investor view, while the Singapore quote keeps the operating-market valuation in its original currency.

Finance data put City Developments' market capitalization at SGD 6.3 billion and its price-to-earnings ratio at 7.75 as of October 15, 2026. The latest analyst target is therefore a distinct valuation reference rather than a repeat of the recent company announcement.

Next reporting date

The next earnings report is scheduled for February 25, 2027, according to TradingView. The date gives the market its next fixed checkpoint after the first-half 2026 numbers and the October strategy discussion.

Trading phase after Xetra close

The Lang & Schwarz quotation was in the after-hours phase for Germany when it stood at EUR 4.92. The Singapore listing had already completed its October 15 session at SGD 7.05, separating the local closing quote from the later euro indication.

The further course of trading is shown by the continuously updated real-time quote of City Dev stock.