City Developments Ltd (CDL)
CDL sets up S$2 billion multicurrency perpetual securities issuance programme
The net proceeds will be used to finance general working capital and corporate funding, and refinance existing borrowings
Refreshed tenant mix, new communal spaces: How City Square Mall’s $50 million revamp aims to draw in more S’poreans
City Developments Limited’s three-phase transformation of the mall adds 26,000 sq ft of gross floor area and a dedicated community support hub, deepening its role in the neighbourhood beyond retail
CDL CEO Sherman Kwek’s FY2025 pay jumps 71% to S$5.1 million as group profit triples
Executive chairman Kwek Leng Beng’s pay is also up, rising 24% year on year to S$7.4 million
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
