CDL will continuously refine its Growth, Enhancement and Transformation (GET) strategy
CDL will continuously refine its Growth, Enhancement and Transformation (GET) strategy to accelerate our growth and future-proof our business. With CDL’s hotel operations segment on the upswing, CDL’s executive chairman Kwek Leng Beng predicts that the group’s hospitality segment will be a “star performer” for the remainder of the year.
As worries about Covid-19 diminish, he continues, “our hospitality portfolio will be a valuable growth engine considerably contributing to the group’s recurring earnings.” “Property investing is a well-established hedge against inflation when regarded with a medium to long-term perspective for value appreciation,” he continues. Along with creating a strong development pipeline, the team will continue to concentrate on enhancing our recurring revenue sources.
According to Sherman Kwek, group CEO of CDL, “Our progress into the living sector over the past few years has started to bear fruit as we gradually build up size and variety.” We recently completed our first transaction for purpose-built student accommodation in the UK. We already run apartment rental websites in the UK, Japan, Australia, and the US. These assets with recurring income have endured the epidemic with remarkable fortitude, and the future is still looking bright for them.
With a healthy balance sheet and a regionally broad portfolio, the group’s solid underlying fundamentals will allow us to tenaciously and systematically manage near-term volatility. Through redevelopment, repositioning, and disposal strategies, we can add value to our portfolio at the right time, he says. “Despite the current challenges, we are still committed to growth, but we will be very picky about the acquisitions we make. To accelerate growth and secure our company’s future, the group will continuously improve its Growth, Enhancement and Transformation (GET) plan.
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