Simplify's take
What believers are saying
- CDL’s 28 September 2026 strategic review sharpened execution and accountability across four sectors.
- The company targets S$5 billion investments and S$6 billion divestments through FY2029.
- CDL still published an 11 November 2026 operational update and preference dividend timetable.
What critics are saying
- CDL warned on 11 November 2026 of significantly weaker H2 2026 performance.
- Delayed asset divestments pushed into FY2027, while Korean FX losses and impairments pressure earnings.
- If divestments stall again, CDL’s gearing and shareholder-return targets unravel before FY2029.
What makes CDL Software unique
- CDL’s 28 September 2026 GET+ plan centers Singapore across residential, commercial, hospitality, and living.
- CDL combines development, recurring income, and fund management, targeting S$10 billion AUM by FY2029.
- CDL’s capital-recycling model targets S$6 billion divestments and over S$1 billion PATMI gains.
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