City Developments' Returning Director Could Offer Strategic Depth Amid Review -- Market Talk

Dow Jones

05/19

0845 GMT - A former director rejoining City Developments' board could add strategic depth and operational oversight to the Singapore property company as it undergoes a strategic business review, says DBS Group Research's Tabitha Foo in a note. Kwek Leng Peck, who served on the CDL board from 1987 to 2020, has over four decades of experience in the wider Hong Leong Group that owns CDL. "His return comes at a pivotal time as CDL evaluates capital allocation, portfolio optimization and longer-term value-unlocking initiatives," the analyst says. She notes the market value of Hong Leong Asia, where he currently serves as chairman, has increased significantly, given stronger earnings momentum and disciplined capital allocation. DBS retains its buy rating and S$12.00 target price. Shares rise 4.6% to S$8.20.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 19, 2026 04:45 ET (08:45 GMT)

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Kwek Leng Peck, who served on the CDL board from 1987 to 2020, has over four decades of experience in the wider <a href=\"https://laohu8.com/S/HLFAF\">Hong Leong</a> Group that owns CDL. \"His return comes at a pivotal time as CDL evaluates capital allocation, portfolio optimization and longer-term value-unlocking initiatives,\" the analyst says. She notes the market value of <a href=\"https://laohu8.com/S/HLFBF\">Hong Leong</a> Asia, where he currently serves as chairman, has increased significantly, given stronger earnings momentum and disciplined capital allocation. DBS retains its buy rating and S$12.00 target price. Shares rise 4.6% to S$8.20.(megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 19, 2026 04:45 ET (08:45 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>City Developments' Returning Director Could Offer Strategic Depth Amid Review -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCity Developments' Returning Director Could Offer Strategic Depth Amid Review -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-05-19 16:45</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0845 GMT - A former director rejoining <a href=\"https://laohu8.com/S/C09.SI\">City Developments</a>' board could add strategic depth and operational oversight to the Singapore property company as it undergoes a strategic business review, says DBS Group Research's Tabitha Foo in a note. Kwek Leng Peck, who served on the CDL board from 1987 to 2020, has over four decades of experience in the wider <a href=\"https://laohu8.com/S/HLFAF\">Hong Leong</a> Group that owns CDL. \"His return comes at a pivotal time as CDL evaluates capital allocation, portfolio optimization and longer-term value-unlocking initiatives,\" the analyst says. She notes the market value of <a href=\"https://laohu8.com/S/HLFBF\">Hong Leong</a> Asia, where he currently serves as chairman, has increased significantly, given stronger earnings momentum and disciplined capital allocation. DBS retains its buy rating and S$12.00 target price. Shares rise 4.6% to S$8.20.(megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 19, 2026 04:45 ET (08:45 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0955623706.USD","symbol_name":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2636839402","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2636839402","pubTimestamp":1779180300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0845 GMT - A former director rejoining City Developments' board could add strategic depth and operational oversight to the Singapore property company as it undergoes a strategic business review, says DBS Group Research's Tabitha Foo in a note. Kwek Leng Peck, who served on the CDL board from 1987 to 2020, has over four decades of experience in the wider Hong Leong Group that owns CDL. \"His return comes at a pivotal time as CDL evaluates capital allocation, portfolio optimization and longer-term value-unlocking initiatives,\" the analyst says. She notes the market value of Hong Leong Asia, where he currently serves as chairman, has increased significantly, given stronger earnings momentum and disciplined capital allocation. DBS retains its buy rating and S$12.00 target price. 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Kwek Leng Peck, who served on the CDL board from 1987 to 2020, has over four decades of experience in the wider Hong Leong Group that owns CDL. \"His return comes at a pivotal time as CDL evaluates capital allocation, portfolio optimization and longer-term value-unlocking initiatives,\" the analyst says. She notes the market value of Hong Leong Asia, where he currently serves as chairman, has increased significantly, given stronger earnings momentum and disciplined capital allocation. DBS retains its buy rating and S$12.00 target price. Shares rise 4.6% to S$8.20.(megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 19, 2026 04:45 ET (08:45 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}