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Singapore Land Group
Broker's Calls
DBS keeps 'buy' on UOL on strong sales seen and hospitality recovery
DBS's $8.40 target price is pegged to a 40% discount to its RNAV of $14.00.
July 04, 2023
Property
UOL-Singland JV wins Meyer Park en bloc deal for $392.18 million
Meyer Park was relaunched for collective sale last month, with a reserve price of $390 million.
February 10, 2023
Results
Singapore Land 1HFY2022 earnings up 290% y-o-y on revaluation gains
As at June 30, the company's net asset value was $5.52 per share, versus $5.30 as at Dec 2021.
August 05, 2022
Property
SingLand receives URA's permission to redevelop Clifford Centre
Works will start early next year
May 26, 2022
Property
UOL Group and Singapore Land Group jointly purchase Watten Estate Condominium en bloc for $550.8 mil
The bid was accepted by the members of the sale committee on Oct 27.
October 28, 2021
Results
Singapore Land Group back in the green with earnings of $92.2 million in 1H21
Net asset value per ordinary share was $5.18 on June 30, up from $5.12 on Dec 31.
August 06, 2021
Broker's Calls
CGS-CIMB ups UOL Group's TP to $8 on faster residential sales and new contributions from Ang Mo Kio site
The new target price is still based on a 40% discount to the group’s revised net asset value (RNAV).
June 08, 2021
Property
UOL-led JV wins tender for Ang Mo Kio Ave 1 residential site from Urban Redevelopment Authority
The tender was awarded to a joint venture between UOL Group, Singapore Land Group and Kheng Leong Company.
June 02, 2021
Right Timing
Interest shifts towards conglomerates as STI meanders sideways
Keppel Corp and Sembcorp Marine are showing signs of latent strength but require volume expansion to break out
April 30, 2021