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Property bellwethers CDL, Ascott sound warning on H1 profit hit City Developments and Ascott Residence Trust warned of d…
Property bellwethers CDL, Ascott sound warning on H1 profit hit
City Developments and Ascott Residence Trust warned of dour performance in their financial results, stung by Covid-19 city lockdowns and other safe-distancing measures.
As at 11.32am, ART stapled securities tumbled 3.4 per cent to trade at 99.5 Singapore cents, while CDL shares fell 2.5 per cent to S$8.49.