UOL Group (UOL)

Broker's Calls

Redevelopment of Marina Square ‘decent RNAV accretion’ of 4% to 6% for UOL, says Citi

Citi's Brandon Lee has kept his "buy" call and target price of $9.08 on UOL.

Broker's Calls

Proposed rezoning of Marina Square could have 'significant upsides' to NAVs, says DBS

SingLand is currently trading at a P/B of 0.4x while UOL Group is trading at a P/B of 0.5x.
SingLand applies for Marina Square site to be rezoned: ST - THE EDGE SINGAPORE

Property

SingLand applies for Marina Square site to be rezoned: ST

Based on SingLand’s annual report for the FY2022 ended Dec 31, 2022, the mall has a committed occupancy of 98%.
UOL’s 1HFY2023 earnings down by 64% y-o-y to $135 mil mainly on fair value gains - THE EDGE SINGAPORE

Results

UOL’s 1HFY2023 earnings down by 64% y-o-y to $135 mil mainly on lower fair value gains

During the 1HFY2023, UOL’s gross profit dipped by 1% y-o-y to $503.2 million while gross profit margin stood at 37%.
UOL Group, CapitaLand JVs win tender for Tampines Ave 11 site for $1.21 bil - THE EDGE SINGAPORE

Property

UOL Group, CapitaLand JVs win tender for Tampines Ave 11 site for $1.21 bil

The transaction will be mainly financed from bank borrowings and proportionate shareholders’ loans.
CGS-CIMB analysts reshuffle ESG stock picks to include OCBC, remove ComfortDelGro and DBS - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB analysts reshuffle ESG stock picks to include OCBC, remove ComfortDelGro and DBS

CGS-CIMB Research analysts say that their ESG portfolio has outperformed the STI and SGXSULE by 25% and 26%.

Results

UOL Group reports earnings of $120.8 mil for 2HFY2022, 44% lower y-o-y

A first and final dividend of 15 cents per share has been declared, along with a special dividend of 3 cents per share.
Goldman Sachs downgrades CDL to 'sell' and UOL to 'neutral' after third round of cooling measures - THE EDGE SINGAPORE

Property

Goldman Sachs downgrades CDL to 'sell' and UOL to 'neutral' after third round of cooling measures

CDL was downgraded to "sell" with a TP of $8.05 while UOL was downgraded to "neutral" with a TP of $7.60.

Broker's Calls

DBS explains what higher interest rates spell for banks and developers CDL, UOL, Guocoland

Households could potentially face $1,000 per month higher mortgage payments on the new rates once loans are refinanced.
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