UOL - DBS Research 2025-02-28: Solid Foundations, Firing On All Fronts

• UOL Group (SGX:U14)'s FY24 results came in above expectations. The reported FY24 operating PATMI and PATMI of S$ 314.2mil (+13% y-o-y) and S$ 358.2mil (-49% y-o-y) respectively, surpassed our estimates. This was underpinned by higher operating profits from property investments and hotel operations, higher finance income and lower share of losses from associates and JVs, offset by the absence of a large one-time gain from the 2023 sale of PARKROYAL on Kitchener Road.

Earnings led by property investments & hotel operations segments

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Higher dividend amid growth in recurring income.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Previous report by DBS:
2024-08-14 UOL Group - The Bold Will Be Rewarded.

Price targets by other brokers at UOL Group Target Prices.

Listing of research reports at UOL Group Analyst Reports.

Relevant links:
UOL Group Share Price History,
UOL Group Announcements,
UOL Group Dividend Payout Dates & Corporate Actions,
UOL Group News