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Tokyo Olympics, decent yield could provide lift for undervalued Uni-Asia Group amid record earnings

Stanislaus Jude Chan
Stanislaus Jude Chan • 3 min read
Tokyo Olympics, decent yield could provide lift for undervalued Uni-Asia Group amid record earnings
SINGAPORE (Dec 20): Despite recording its highest nine-month profits in five years, Uni-Asia Group (UAG) has not inspired confidence among investors so far this year. But that could soon change.
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SINGAPORE (Dec 20): Despite recording its highest nine-month profit in five years, Uni-Asia Group (UAG) has not inspired confidence among investors so far this year. But that could soon change.

The service provider of vessels and properties saw record-high earnings of US$6.7 million ($9.1 million) for 9MFY2019 ended September, some 35% higher than earnings of US$5.0 million a year ago.

This brought earnings per share (EPS) to 8.84 US cents for 9MFY2019, from 7.03 US cents in 9MFY2018.

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