CDL targets S$6 billion divestments by FY 2029 under refreshed GET+ strategy
Bitget2026/09/28 00:36- CDL launched GET+ for FY 2027 to FY 2029, targeting tighter capital discipline, active portfolio management, sustainable shareholder returns.
- Plan targets S$ 5 billion of investment spending, weighted to Singapore at 60% of new capital deployment.
- CDL set a S$ 6 billion divestment goal to recycle capital, with commercial assets the largest component at 45%.
- Financial targets include at least a 35% dividend payout ratio, net gearing of about 55% by FY 2029.
- Strategy also targets more than S$ 1 billion in PATMI from divestment gains, AUM growth to S$ 10 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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