From CNA : Hotels expect higher demand in second half of 2024, with major events and big-name concerts lined up

On June 3, CDL Independent non-executive director Chong Yoon Chou purchased 40,000 shares at S$5.62 per share.  

 

Chong began his career in the finance industry, as an analyst and fund manager at Aberdeen Standard Investments in 1994. He later transferred to Sydney in 2001 as head of Australian equities. He further expanded his role across various global markets, including Europe and the Americas, before returning to Singapore as investment director.

 

He also served as managing director of Aberdeen Asset Management Malaysia. Throughout his tenure with Aberdeen, he contributed to significant restructuring and M& A projects.

 

On May 31, CDL independent non-executive director Colin Ong Lian Jin acquired 100,000 shares at S$5.80 per share. Ong is the founder of Advisors&rsquo Clique and executive senior director of Great Eastern Financial Advisers, a position he has held since 2011.

 

On May 21, CDL provided a first-quarter 2024 business update. The group highlighted that it achieved resilient performance across all its business segments, focusing on sales growth, asset enhancements, operational refinements, as well as acquisition and divestment initiatives.

 

The group also relayed its focus on capital management by accelerating the sale of long-held strata assets to extract latent value and recycle capital. This included the recent sales launch of strata units at various properties, with the aim of optimising the asset base and enhancing shareholder value. It remains committed to its growth-enhancement-transformation (GET) strategy, aiming to navigate the current economic landscape with resilience and adaptability, improving operational efficiencies, and pursuing growth opportunities.