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[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.
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