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City Developments ( (SG:C09) ) just unveiled an update.
The Supreme Court has denied the Petition for Review filed by the Commissioner of Internal Revenue against Grand Plaza Hotel Corporation, affirming the previous Court of Tax Appeals decision in favor of the company. This ruling means that the corporation is not liable for the payment of deficiency taxes amounting to over PhP 506 million for the taxable year 2008, which could have included additional surcharges and interest.
The most recent analyst rating on (SG:C09) stock is a Buy with a S$8.20 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
Grand Plaza Hotel Corporation operates within the hospitality industry, focusing on hotel management and services. The company is known for providing accommodations and related services, catering to both local and international guests.
YTD Price Performance: 47.28%
Average Trading Volume: 2,173,250
Technical Sentiment Signal: Buy
Current Market Cap: S$6.68B
See more insights into C09 stock on TipRanks’ Stock Analysis page.