They also expect recurrent income from rental, hotel operations and dividend income to continue providing the group a stable income base.
SINGAPORE (March 31): CIMB Research is reiterating its “add” recommendation on property developer UOL Group, which remains the research house’s top pick among Singapore developers with an unchanged target price of $7.96.
In a Thursday report, analysts Lock Mun Yee and Yeo Zhi Bin say they continue to like UOL for its diversified business model and strong recurrent cashflow, and say that any volatility in the group’s earnings will present an opportunity for stock entry.
