Singapore Stock Market News

UOL Group - Chugging along

StockFanatic
Publish date: Thu, 13 Aug 2015, 03:04 PM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
UOL's 1HFY15 core net profit was largely in line with expectations and made up 40% of our full-year forecast. The group continued to enjoy a better showing from its residential and rental operations which helped to offset the slight slack in hotel contributions. Residential activities should continue to be the driver in 2H. The planned launch of the Prince Charles Crescent site in 4Q should extend earnings visibility. We tweak our RNAV by 2% to S$10.30, to factor in the latest target price for UOB and accordingly lower our target price to S$8.24, now based on 20% discount to RNAV. Maintain Add.
Read more »
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment