City Developments Limited

OTCPK:CDEV.Y Stock Report

Market Cap: US$3.4b

City Developments Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Sherman Kwek

Chief executive officer

S$3.5m

Total compensation

CEO salary percentagen/a
CEO tenure6.9yrs
CEO ownershipn/a
Management average tenure7.9yrs
Board average tenure4.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sherman Kwek's remuneration changed compared to City Developments's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

S$328m

Mar 31 2024n/an/a

S$316m

Dec 31 2023S$4mn/a

S$305m

Sep 30 2023n/an/a

S$262m

Jun 30 2023n/an/a

S$219m

Mar 31 2023n/an/a

S$746m

Dec 31 2022S$4mS$986k

S$1b

Sep 30 2022n/an/a

S$1b

Jun 30 2022n/an/a

S$1b

Mar 31 2022n/an/a

S$648m

Dec 31 2021S$2mS$776k

S$72m

Sep 30 2021n/an/a

-S$947m

Jun 30 2021n/an/a

-S$2b

Mar 31 2021n/an/a

-S$2b

Dec 31 2020S$1mS$863k

-S$2b

Sep 30 2020n/an/a

-S$886m

Jun 30 2020n/an/a

S$193m

Mar 31 2020n/an/a

S$350m

Dec 31 2019S$3mS$851k

S$552m

Sep 30 2019n/an/a

S$542m

Jun 30 2019n/an/a

S$600m

Mar 31 2019n/an/a

S$659m

Dec 31 2018S$2mS$858k

S$544m

Compensation vs Market: Sherman's total compensation ($USD2.58M) is below average for companies of similar size in the US market ($USD6.65M).

Compensation vs Earnings: Sherman's compensation has been consistent with company performance over the past year.

CEO

Sherman Kwek (49 yo)

6.9yrs

Tenure

S$3,515,826

Compensation

Mr. Eik Tse Kwek, also known as Sherman, serves as Non-Executive Director of IREIT Global since December 1, 2022. Mr. Kwek has been Group Chief Executive Officer of City Developments Limited (“CDL”) since...

Leadership Team

NamePositionTenureCompensationOwnership
Leng Beng Kwek
Executive Chairman of the Board55.2yrsS$6.91m0.044%
$ 1.5m
Eik Tse Kwek
Group CEO & Executive Director6.9yrsS$3.52mno data
Yim Ming Yiong
Group Chief Financial Officer8.9yrsno datano data
Eik Sheng Kwek
Group Chief Operating Officer2.9yrsno datano data
Gerald Yong
Chief Investment Officer1.5yrsno datano data
Ong Siew Toh
Senior Vice President of Group Accountsno datano datano data
Ivan Ng
Chief Technology Officer8.9yrsno datano data
Cindy Tan
Head of Administration Departmentno datano datano data
Belinda Lee
VP and Head of IR & Corporate Communicationsno datano datano data
Sharifah Shah
Senior Vice President of Legalno datano datano data
Adeline Ong
Senior Vice President of Sales & Marketingno datano datano data
Esther An
Chief Sustainability Officerno datano datano data

7.9yrs

Average Tenure

50yo

Average Age

Experienced Management: CDEV.Y's management team is seasoned and experienced (7.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Leng Beng Kwek
Executive Chairman of the Board55.2yrsS$6.91m0.044%
$ 1.5m
Eik Tse Kwek
Group CEO & Executive Director5.6yrsS$3.52mno data
Liat Kok Yeo
Non-Independent Non-Executive Director15.6yrsS$95.00kno data
Kian Seng Tan
Independent Non-Executive Director1.8yrsS$153.72kno data
Daniel Marie Ghislain Desbaillets
Non-Executive & Independent Director4.1yrsS$139.00kno data
Yoon Chou Chong
Non Executive & Independent Director4.1yrsS$247.00k0.0045%
$ 150.6k
Ai Ai Wong
Independent Non-Executive Director2.9yrsS$147.43kno data
Swee Liang Chan
Independent Non-Executive Director4yrsS$244.78kno data
Lian Jin Ong
Non-Executive & Independent Director4.2yrsS$170.78k0.011%
$ 376.3k
Jee Cheng Lee
Lead Independent Director3.9yrsS$302.78kno data

4.1yrs

Average Tenure

63yo

Average Age

Experienced Board: CDEV.Y's board of directors are considered experienced (4.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 01:13
End of Day Share Price 2024/12/24 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

City Developments Limited is covered by 32 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tricia SongBarclays
Chin Hong PangBNP Paribas Securities (Asia)
Donald ChuaBofA Global Research