(See also: UOL full year earnings fall 27% to $287 mil on fair value, other losses)
SINGAPORE (Feb 27): Maybank Kim Eng Research continues to rate UOL Group Limited at “buy”, mainly for the property developer’s “strong execution with quick inventory turnover stemming from the right pricing strategy” following the release of its FY16 results, which was largely in line with estimates.
The research house has raised its target price on the stock to $7.68 from $7.39 previously after factoring in initial estimates for 45 Amber Road – as well as incorporating its latest $19.54 target price for UOB.
