UOL Group

Undersupply, potential land price rise could narrow developer discounts - THE EDGE SINGAPORE

Investing ideas

Undersupply, potential land price rise could narrow developer discounts

Land prices may rise as developers restock their landbank resulting in the best property proxies to narrow their discounts to NAV
UOL sold 112 residential units in 3Q, versus 58 units in 2Q - THE EDGE SINGAPORE

Results

UOL sold 112 residential units in 3Q, versus 58 units in 2Q

UOL plans to launch another project, Clavon by end of the year.
CapitaLand, CDL, UOL are CGS-CIMB's top picks as property market holds steady - THE EDGE SINGAPORE

Broker's Calls

CapitaLand, CDL, UOL are CGS-CIMB's top picks as property market holds steady

According to the Urban Redevelopment Authority (URA), primary home sales grew 4.6% y-o-y and 5.6% m-o-m to 1,329 units in Sept.

Broker's Calls

UOL to ride on Singapore's reopening for recovery

The worst may be over for UOL as it heads towards a recovery

Investing ideas

Analysts remain bullish on UOL Group despite FY19 earnings miss

UOL's high quality projects and prudent land acquisition costs will allow it to weather the uncertainties, says OCBC Investment Research.

Results

UOL posts 14% increase in FY19 earnings to $479 mil, maintains dividend of 17.5 cents per share

Looking ahead, UOL expects the global economic outlook to remain uncertain as trade and geopolitical tensions as well as the outcome of a Brexit deal remains sources of risk, alongside the risk posed by the Covid-19 situation.

Covid-19

Singapore confirms first case of Wuhan virus. Here's what investors need to know

The markets are likely to be spooked at the opening bell after Singapore on Thursday evening announced its first confirmed case of the deadly Wuhan virus. Here's what you need to watch out for.

Property

Local developer heads for global ranks, more deals in store for sector

The local property market — which was subjected to cooling measures and experienced oversupply in the past decade — may be small, but in the 2020s, a home-grown developer will rank among global real estate companies such as Brookfield Asset Management
UOL Group to acquire building next to Odean Towers along North Bridge Road for $79.3 mil

Property

UOL Group to acquire building next to Odean Towers along North Bridge Road for $79.3 mil

SINGAPORE (Nov 22): UOL Group is acquiring KH KEA Building along North Bridge Road, which is located next to the company’s Odeon Towers, for $79.3 million.

Results

UOL posts 7% fall in 3Q earnings to $80 mil on lower revenue

Finance expenses also increased 14% to $29.0 million on higher interest expenses on borrowings for the Avenue South Residence development and for the acquisition of shares in Marina Centre Holdings and Aquamarina Hotel. 
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