City Developments Ltd (CDL)
Issue 186: DBS takes systems approach to cutting emissions; families ripe for governance review
This week in ESG: Singapore bank says can’t scale decarbonisation on own; Family-sized need in Code of Corporate Governance review
CDL eyes chances to unlock value from commercial portfolio, keeps options open for mature assets
Its revamped City Square Mall has about 26,000 sq ft more in gross floor area and new leases at higher rental rate
CDLHT eyes rebound after renovation drag as Singapore tourism outlook brightens
Despite stronger magnets elsewhere, Singapore can still play to its strengths in offering safety and global connectivity, says the CEO of the stapled group’s managers
CDL H2 net profit up over four times at S$538.5 million on improved showings across all segments
This translates to an EPS of S$0.598, against S$0.121 in FY2024
CDL undertakes review to relook strategy, optimise portfolio and capital recycling
It plans to divest UK development platform by end-2026, says group CEO Sherman Kwek
Shares of property players rise on higher earnings; UOL up 6.3%, CDL gains 4.4%
UOL’s H2 net profit rises 21% while CDL’s was up over four times at S$538.5 million
CDL may catch up with its soaring peers
The developer has been actively unlocking value, but is trading at a much steeper discount to RNAV than UOL
CDL to launch freehold Newport Residences with prices upward of S$3,012 psf
One-bedroom units at the 246-unit CBD project are priced from just under S$1.3 million for the long-delayed project
Unwrapping 2025: Top 10 Singapore news events
[SINGAPORE] ‘Tis the season to look back. As the curtain falls on 2025, The Business Times takes stock of a year punctuated by some significant shifts in Singapore’s political and corporate landscape....
DBS bullish on developers, hikes up target prices for CDL, UOL, GuocoLand
The increase comes on lower interest rates and plans by these firms to recycle capital and rejuvenate assets
