DBS rates UOL Group "buy" on new residential site tender win

UOL

03/06/2021 04:55

** Shares of property company UOL Group Ltd  UTOS.SI  up
0.7% to S$7.45 at 0325 GMT, highest since June 1
    ** The stock is 7.2% below its 52-week high reached April 7
    ** YTD, UOL Group Ltd down 3.4%
    ** DBS  DBSM.SI  rates UOL Group as "buy" in a report as it
wins the tender of a residential site with 99-year leasehold
tenure in the land-scarce Singapore
    ** Nine analysts cover UOL Group, on avg rating it "buy".
Its median PT is S$8.55, which is 12.9% below its current price
of S$7.5 - Refinitiv data
    ** Analysts on an avg expect UOL Group's net income to rise
33.4% to S$334.29 million in its current fiscal year after
falling 29.8% to S$250.69 million in its previous fiscal year

 (Reporting by Chen Lin in Singapore)
 ((LinChen1@tr.com))