Shares & Derivatives
10 things I learned from the 2020 City Developments AGM
By The Fifth Person  •  July 3, 2020
City Developments Limited (CDL) is a global property and hotel conglomerate that finds its properties in 106 locations across 29 countries. Its geographically diverse portfolio also comprises a multitude of properties ranging from shopping malls to offices; and from hotels to serviced apartments. CDL reports three main business segments: Hotel Operations, Property Development, and Investment Properties. Of these three, Hotel Operations is the largest segment and contributed 50% of CDL’s total revenue in FY2019. Source: City Developments 2020 AGM presentation slides Undoubtedly, the hotel sector has been hit quite hard due to travel restrictions imposed due to COVID-19. With CDL deriving around half of its revenue in 2019 from its hotel operations, I wanted to find out the extent of the impact COVID-19 had on CDL’s business operations. Hence, I tuned in to CDL’s virtual AGM to find out more. Here are 10 things I learned from the 2020...
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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