Time to look at Singapore-listed blue chip developers
CDL, UOL and CapitaLand shares present investors with significant valuation upside if they can ride out this down cycle
Singapore
PRIVATE home prices are poised for a moderate decline as unemployment looks set to rise and property viewings continue to be disallowed due to social distancing measures.
But shares of the largest Singapore-listed developers look attractive as they are trading close to previous trough scenarios - presenting investors with significant valuation upside if they can ride out this down cycle, analysts said.
RNAV, or revalued net asset value, is the most widely used valuation method for locally listed developers.
RNAV is similar to the NAV or b…
A NEWSLETTER FOR YOU
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UPS profit beats estimates as cost cuts offset weak delivery demand
PepsiCo beats quarterly revenue estimates on price hikes, steady demand
General Motors beats quarterly results targets, raises forecast
Soilbuild bags contracts worth S$81 million
Spotify’s monthly user numbers miss estimates on lower promotions
China bubble-tea chain Chabaidao plunges on Hong Kong debut