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Broker's Calls
Great expectations for UOL Group with healthy residential take-up & visibility
SINGAPORE (June 13): CGS-CIMB Research is reiterating its “add” call on developer UOL Group with an unchanged target price of $9.65, which is based on a 20% discount to RNAV.
June 13, 2018
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.
May 15, 2017
Broker's Calls
UOL builds solid earnings visibility with recent acquisitions
SINGAPORE (Oct 10): CIMB is reiterating its “add” call on property developer UOL Group with a higher target price of $7.97 from $7.96 previously, after factoring in the group’s latest property purchases.
October 10, 2016
Broker's Calls
What does the recent spurt in en-bloc sales mean?
SINGAPORE (Oct 7): A rise in the number of en-bloc sales is signalling property developers are hungry for land amid a dearth in land bank supply, according to DBS Research.
October 07, 2016
UOL-UIC JV acquires Raintree Gardens with $334.2 mil winning bid in en-bloc sale
SINGAPORE (Oct 6): A JV between the subsidiaries of UOL and UIC has submitted the winning tender for the en-bloc purchase of Raintree Gardens residential development with a bid of $334.2 million has been accepted by members of the sale committee.
October 06, 2016