UOL

Property

Property sector kept at ‘overweight’ by CIMB on robust July home sales

SINGAPORE (Aug 16): CIMB is maintaining its “overweight” call on property development and investment stocks given robust home sales in July which doubled from June as volume takeup continued to outpace new launches. Its top picks include UOL, CapitaLa

Results

UOL 2Q earnings rise 59% to $109.4 mil

SINGAPORE (Aug 4): UOL reported 2Q17 earnings rose 59% to $109.4 million from a year ago due mainly to higher progressive recognition of revenue from Principal Garden, a condominium project in Singapore, higher share of profit from associated companies an

Broker's Calls

Six blue-chip property stocks to ‘buy’ on improving sentiment

SINGAPORE (July 10): Maybank Kim Eng is maintaining its “positive” stance on Singapore’s property sector on improving market sentiment and robust bids in recent government land tenders.

UOL a step closer to achieving ‘statutory control’ of UIC in share swap deal with Haw Par

SINGAPORE (June 23): UOL and Haw Par have entered into a share swap deal for shares in United Industrial Corporation (UIC).

Broker's Calls

Is the en-bloc fever back?

SINGAPORE (June 2): Within one week, three en-bloc sales were closed with the latest being MCL Land putting a robust $765 million bid for Eunosville.

Broker's Calls

This top developer pick has room to keep on running

SINGAPORE (May 15): Maybank Kim Eng is reiterating its “buy” call on UOL as its top sector pick, raising its price target to $8.30 from $7.93 to reflect the higher market value of UIC and target price of UOB.

Here's why STI investments could see better returns than Singapore’s property market

SINGAPORE (April 4): Taking your chances on Singapore’s Straits Times Index (STI) could be a wiser investment decision than putting your capital in the local property market, says Tata Goeyardi of Religare Capital Markets.

Stocks To Watch

ISR, Sabana, Spindex, Kingboard Copper Foil, UOL

SINGAPORE (March 6): Here are some stocks that could move the market this Monday morning.

Property

UOL acquires Hilton Melbourne South Wharf for $246 mil

SINGAPORE (March 4): Property group UOL is acquiring Hilton Melbourne South Wharf for A$230 million ($246 million).

Broker's Calls

Property sector is in recovery mode, despite TDSR

SINGAPORE (Jan 17): Residential home sales including executive condominiums reached 12,432 units in 2016, an improvement of 21% over 2015 levels. Excluding ECs, home sales reached 8,363 units, which was still 8.3% higher compared with 2015.
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