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City Developments ( (SG:C09) ) has provided an update.
City Developments’ subsidiary, Millennium & Copthorne Hotels New Zealand Limited, reported a decrease in revenue for the first half of 2025 compared to the same period in 2024. Despite a drop in operating profit and finance income, the company achieved a profit of $8.5 million, a significant turnaround from a loss of $10.2 million in the previous year, indicating improved financial health.
The most recent analyst rating on (SG:C09) stock is a Hold with a S$4.60 price target. To see the full list of analyst forecasts on City Developments stock, see the SG:C09 Stock Forecast page.
More about City Developments
Average Trading Volume: 2,321,896
Technical Sentiment Signal: Buy
Current Market Cap: S$5.76B
Learn more about C09 stock on TipRanks’ Stock Analysis page.