Singapore Land Group

CGS-CIMB ups UOL Group's TP to $8 on faster residential sales and new contributions from Ang Mo Kio site - THE EDGE SINGAPORE

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).
UOL-led JV wins tender for Ang Mo Kio Ave 1 residential site from Urban Redevelopment Authority - THE EDGE SINGAPORE

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.
Interest shifts towards conglomerates as STI meanders sideways - THE EDGE SINGAPORE

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
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