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Quantify, be ambitious: Time for CDL, UOL to unveil plans to further boost share price

Hongkong Land’s strategy update provides a useful reference

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Leslie Yee

Leslie Yee

Published Wed, May 20, 2026 · 07:00 AM
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    • UOL could look to privatise Singapore Land Group or sell its investments in UOB and Haw Par Corporation as optimal strategies.
    • UOL could look to privatise Singapore Land Group or sell its investments in UOB and Haw Par Corporation as optimal strategies. PHOTO: BT FILE

    [SINGAPORE] Amid a revival of interest in Singapore stocks and resilience in the Republic’s property market, shares of City Developments Ltd (CDL) and UOL Group have rallied strongly since mid-2025, though some gains have been erased by the conflict in the Middle East.

    Both CDL and UOL are active in property development, property investment and hospitality, and are constituents of the benchmark Straits Times Index. The duo delivered solid results for financial year 2025.  

    Helped primarily by strong capital recycling gains and robust residential property sales in Singapore, CDL posted net profit of S$629.7 million, up 213 per cent on the year. For the full year, dividend per share (DPS) was S$0.28, versus S$0.10 for FY2024.

    City Developments Ltd (CDL)UOLHongkong LandProperty developersHock Lock Siew

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