UOB Kay Hian sets SGD 11.85 target for City Developments stock

Published on 10/20/2026 at 21:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 revenue rose 61.10 percent to SGD 2.72 billion. City Developments stock costs EUR 4.90 on October 20, 2026 at Lang & Schwarz.

Target and earnings figures

UOB Kay Hian set an SGD 11.85 target for City Developments on October 16, 2026.
First-half 2026 revenue rose 61.10 percent to SGD 2.72 billion.
City Developments stock costs EUR 4.90 at Lang & Schwarz on October 20, 2026 at 9:07 p.m. CEST.
The primary-market valuation was 7.69 times earnings and the dividend yield was 4.00 percent on October 20, 2026.

City Dev, SG1R89002252, Illustration mit AI erstellt.

City Developments (ISIN SG1R89002252) has an SGD 11.85 price target from UOB Kay Hian, while its first-half results give investors a second reference point. The broker report was dated October 16, 2026, and the target stood 69.29 percent above the SGD 7.00 Singapore Exchange price used for the comparison. City Developments stock was trading at EUR 4.90 at Lang & Schwarz on October 20, 2026 at 9:07 p.m. CEST.

Target reflects value unlocking

UOB Kay Hian maintained a Buy view on City Developments and set the SGD 11.85 target in its October 16, 2026 report, according to Minichart. The report linked the valuation case to a planned SGD 6.00 billion asset monetization program and a target to reduce net debt to equity to 55.00 percent during 2027 through 2029.

The target comparison is substantial: SGD 11.85 is 69.29 percent above the SGD 7.00 Singapore Exchange price as of October 20, 2026. The home-market quote was down 0.14 percent from the previous SGD 7.01 close, giving the valuation view a cautious market backdrop.

Revenue rose in first half

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. Profit attributable to shareholders and minority interests reached SGD 301.60 million, compared with SGD 91.20 million a year earlier, according to Yahoo Finance.

The company said property development was the largest contributor to the first-half revenue increase. Hotel operations also turned profitable, moving from a SGD 84.00 million pretax loss in the first half of 2025 to a SGD 42.00 million pretax profit in the first half of 2026.

Valuation and trading frame

City Developments had a price to earnings ratio of 7.69 times and a trailing dividend yield of 4.00 percent on October 20, 2026. Its Singapore Exchange market capitalization was SGD 6.3 billion, while the 52-week range was SGD 6.93 to SGD 10.09.

Investor dates and comparison

The first-half reporting period ended June 30, 2026. The company website listed a September 28, 2026 strategic review and an October 4, 2026 release on Lucerne Grand, where 350 units were sold during the launch weekend.

The combination of a 61.10 percent revenue increase and a 69.29 percent target distance leaves execution as the key valuation variable. The latest figures also show why the broker case depends on both property development progress and asset recycling.

Stock price stays below the yearly high

City Developments stock was trading at EUR 4.90 at Lang & Schwarz on October 20, 2026 at 9:07 p.m. CEST. On the Singapore Exchange, it stood at SGD 7.00 at 5:04 p.m. SGT on October 20, 2026, down 0.14 percent from the prior SGD 7.01 close.

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