{
  "id": 10895250,
  "title": "Brokers maintain ‘buy’ on CDL despite investor reservations over strategic review",
  "url": "https://urgent.news/2026/09/30/brokers-maintain-buy-on-cdl-despite-investor-reservations-over",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T08:17:01.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/property/brokers-maintain-buy-cdl-despite-investor-reservations-over-strategic-review"
  },
  "original_language": "en",
  "account": "City Developments Ltd (CDL) has retained its positive outlook on investors despite concerns raised following its strategic review. Analysts noted a lack of return on equity (ROE) targets, potential earnings dilution, and a planned allocation of 30% of investment capital to China and Japan. Despite these reservations, CDL's strategic review laid out a clearer path for asset divestments, fund-management growth, gearing, and profit growth. The group aims to divest S$6 billion of assets and invest S$5 billion over the next three years, targeting profit gains from asset disposals and dividend payouts. CDL also plans to double its assets under management to S$10 billion by FY2029. While the review did not fully excite the market, analysts remain optimistic about the company's ability to execute key initiatives.",
  "summary": "Concerns include lack of ROE targets, potential earnings dilution and planned investments in China and Japan",
  "key_points": [
    "CDL maintains 'buy' rating despite strategic review concerns",
    "Review highlights asset divestments, fund growth, profit gains",
    "CDL aims to double assets under management to S$10 billion by 2029"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}