#3 City Developments Limited Phillip Capital has maintained its Buy rating on the company with a target price of $9.19. The strong development pipeline coupled with catching the strong uptrend for the Singapore properties brought it its favourable valuation.” CDL picked up two plots of land YTD – the Northumberland Road GLS and the Tengah Gardens EC site. Residential units from its redevelopment projects, Canninghill Piers (Liang Court) and Fuji Xerox, brings CDL’s unlaunched pipeline to 1,121 units, which will be launch over the next two years. Based on our forecasts, these two redevelopment projects should yield CDL respectable margins above 30%. Including the unsold units from earlier launches, we estimate that CDL has 1,746 units to be monetised, translating to FY22e/23e GDV of S$2.1b/S$1.0bn.” >> Read more about the company here. #4 Keppel Corporation CGS CIMB has maintained its ADD rating on the stock with a target price of...