UOL Group (UOL)

UOL and CapitaLand to acquire Thomson View condo for $810 mil - THE EDGE SINGAPORE

Property

UOL and CapitaLand to acquire Thomson View condo for $810 mil

UOL’s indirect subsidiary, United Venture Development and CL Onyx, an indirect wholly-owned subsidiary of CapitaLand Singapore will undertake the acquisition on a 50:50 basis.

Property

UOL Group and Singapore Land Group acquire 50% stake in 388 George Street for A$460 mil

The transaction is expected to be completed within the first half of 2025.

Broker's Calls

Brokers' Digest: Riverstone, Aztech Global, UOL Group

See what the analysts say this week.

Broker's Calls

Citi keeps ‘buy’ and TP of $9.20 on UOL Group, sees ‘surprisingly good take-up’ on Meyer Blue asset

The 50% take-up for UOL’s Meyer Blue has exceeded Citi Research's Brandon Lee's expectations, and its average selling price was in the highest range of three projects around the same area.
Citi keeps ‘buy’ on UOL after Stamford Court divestment - THE EDGE SINGAPORE

Broker's Calls

Citi keeps ‘buy’ on UOL after Stamford Court divestment

Based on Citi Research analyst Brandon Lee's estimates, the sale should add around 0.1% to UOL's RNAV.

Broker's Calls

OCBC Investment Research lowers target price for UOL Group ahead of upcoming 1HFY2024 results

The analysts say that the group’s property development segment has already achieved “decent” take up rates.
Wee family increases stake in UOL - THE EDGE SINGAPORE

Insider moves

Wee family increases stake in UOL

Following the acquisitions, Wee Investments's stake in UOL is now at 15.79%.

Broker's Calls

Analysts like UOL’s FY2023 dividend surprise, keep 'buy' calls on valuations

UOL reported FY2023 earnings of $707.7 million, 44% higher y-o-y, and a total dividend of 20 cents per share.
UOL and SingLand JV awarded tender for residential site at Orchard Boulevard for $428.3 mil - THE EDGE SINGAPORE

Property

UOL and SingLand JV awarded tender for residential site at Orchard Boulevard for $428.3 mil

United Venture Development, a JVCo of SingLand's and UOL's subsidiaries, has its tender for an Orchard Boulevard site approved.
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