Singapore Property Billionaire Plays The Long Game With Trophy Acquisitions [Forbes]
CITY DEVELOPMENTS S/ADR (CDEVY)
NASDAQ:AMEX Investor Relations:
ir.cdl.com.sg
Company Research
Source: Forbes
“I seize opportunities when everybody is frightened,” declared , executive chairman of property firm City Developments at a media briefing in August. As central banks hang tough on interest rates, the 83-year-old billionaire has bravely doubled down, signing some S$1.1 billion ($837 million) worth of deals so far this year. ss These include the €240 million ($260 million) purchase of the iconic Hilton Paris Opera hotel in May, ahead of the summer Olympic Games in the French capital. The 268-room property, acquired from a Blackstone fund, was built in 1889 and is the third Paris hotel in the group's portfolio. Kwek has long eyed trophy assets. Nearly three decades ago he made headlines by unexpectedly partnering with Saudi Prince Alwaleed bin Talal bin Abdulaziz al Saud to buy the Plaza Hotel in New York from a then-overextended Donald Trump. (They sold the storied hotel in 2013.) City Developments' net profit rose by nearly a third to S$88 million in the first six months of 202
Show less
Read more
Impact Snapshot
Event Time:
CDEVY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CDEVY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CDEVY alerts
High impacting CITY DEVELOPMENTS S/ADR news events
Weekly update
A roundup of the hottest topics
CDEVY
News
- Millennium Hotels and Resorts Partners with Aiello to Revolutionize Hospitality with AI Voice Technology [Yahoo! Finance Canada]Yahoo! Finance Canada
- Billionaire Kwek Leng Beng's CDL Sells 20% Of Singapore Luxury Condo Amid Tepid Demand [Forbes]Forbes
- Tycoon Ong Beng Seng's HPL Buys Concorde Hotel Singapore In Deal Valued At $620 Million [Forbes]Forbes
- Shareholders in City Developments (SGX:C09) are in the red if they invested five years ago [Yahoo! Finance]Yahoo! Finance
- Billionaire Kwek Leng Beng's CDL Revives China Bet With Shanghai Property Purchase [Forbes]Forbes