As the private residential market is holding up well, CapitaLand, City Developments (CDL) and UOL Group continue to be the preferred picks of CGS-CIMB Research. The brokerage notes that the valuations of property developers are “inexpensive” as they trade at 55% discount to their revalued net as...

Following strong primary home sales in August, CGS-CIMB analyst Lock Mun Yee has maintained her “overweight” call on Singapore’s real estate market. The Urban Redevelopment Authority (URA) reported that primary home sales last month came in at 1,307 units -- 1,256 excluding executive condomini...

Singapore is “one step closer to dawn”, according to DBS Group Research analysts Yeo Kee Yan and Janice Chua, after companies’ earnings in 2Q20 bore the brunt of the global lockdowns with a sharp 14.9% cut in FY20F earnings for stocks covered by the bank. “With global economies reopening, ma...

CGS-CIMB and DBS Group have maintained a "buy" rating on UOL Group with a target price of $7.29 and $8.40 respectively.  This is despite UOL Group reporting a 1H20 loss of $82.1 million, due mainly to $263.8m fair value loss on investment properties. Excluding this, core profit after tax and mi...

THE following companies saw new developments that may affect trading of their securities on Friday:

PROPERTY company UOL reversed to a net loss of S$82.1 million for its first half ended June 30, compared to a profit of S$267.7 million in the same period last year.

PROPERTY company UOL has sunk into the red with net losses of S$82.1 million for its first half ended June 30, 2020, compared to a net profit of S$267.7 million a year ago.

DBS Group Research is keeping its “buy” recommendation on UOL Group albeit with a lower target price of $8.40 from $9.50 previously. “The stock offers good value at 0.6 times FY20 P/NAV (at close to -1 SD) as it progressively recovers post the reopening of Singapore’s economy,” says lead a...

Analysts are predicting an uncertain future for the property and banking sectors for the rest of 2020 and into 2021.  DBS analysts Lim Rui Wen and Derek Tan expects job losses and resident unemployment rate to hit a high of around 98,000 and 4.2% by end-2020 respectively, as Singapore...

THE following companies saw new developments that may affect trading of their shares on Wednesday: