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

Dow Jones

May 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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\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\">2026-05-19 16:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\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\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. Shares rise 4.6% to S$8.20.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0955623706.USD":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) ACC","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","D05.SI":"星展集团控股","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","LU2506951875.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) ACC","IE00BGHQDM52.EUR":"GUINNESS ASIAN EQUITY INCOME \"C\" (EUR) ACC","LU1634259557.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD-H","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","C09.SI":"城市发展","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU0823397285.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) INC","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC","LU0737861269.HKD":"FIDELITY ASEAN \"A \" (HKD) ACC","LU1956131251.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\"MD (USD) INC","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","SG9999002620.SGD":"LionGlobal South East Asia SGD","LU0588545730.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"ADM\" (USD) INC","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU1497734951.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD-H","BK6098":"多样化房地产活动","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","LU2506952170.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) INC","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","LU0823413587.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","LU0971096721.USD":"富达环球金融服务 A","LU1634259391.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","SG9999013353.USD":"SCHRODER ASIAN INCOME FUND\"A\" (USDHDG) INC","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","LU0251143029.SGD":"Fidelity ASEAN A-SGD","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","IE00BKZH1Z71.USD":"BNY MELLON ASIAN INCOME \"B\" (USD) ACC","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","LU0084288322.USD":"Natixis Asia Equity RD USD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","LU0169518387.USD":"JPM ASIA EQUITY \"A\" ACC","IE00BVYPNQ40.USD":"GUINNESS ASIAN EQUITY INCOME \"C\" (USD) ACC","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC"},"translate_title":"City Developments回归总监可以在审查中提供战略深度——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"D05.SI":0.89,"C09.SI":1.5},"content_text":"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) \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"}}}