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UOL
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pasttime
Supreme |
30-Mar-2022 09:33
Yells: "gold silver are real money. not others iou." |
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think it suffers indirectly from the ukraine war due to sanctions on russia as investment house hit may have sold some to cover their lost. but low prices are opportunities. tourism recovering. with more hotels open then 2019. their shopping center also benefits from returning footfall as covid-19 restrictions are reduced further. property development still selling. The water garden at Canberra sold 348 of 448 Clavon sold 622 of 640 Avenue South residences sold 971 of 1074 MeyerHouse sold 41 of 56 Amber 45 sold 139 of 139 sold out in Jan AMK development likely be a success, good locations, near good school. near new mrt stations, near park. no new launch in AMK for some time already. |
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kandinsky
Master |
29-Mar-2022 10:39
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Hospitality industry coming up, this should do well. | ||
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pasttime
Supreme |
10-Feb-2022 09:06
Yells: "gold silver are real money. not others iou." |
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uoi declared more final dividend. from 2020 8.5 + 4 to 2021 8.5 + 8 is this an indications of things to come for the uob related counters? |
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pasttime
Supreme |
07-Feb-2022 17:34
Yells: "gold silver are real money. not others iou." |
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think uol is good like city dev. uol has build more hotels/service apartments from before covid-19. with more vtl and things return to normal their earnings will eventually grow to be more then before covid-19. plus uob likely to declare more dividend on 16 feb. think they will on some to shareholders. hoping for new range of 7.60 to 8.6. below 7 is unlikely already. |
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ETLee8
Master |
24-Jan-2022 10:15
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This is normal as UOL has no major issues like CDL. Besides, its financial is very much stronger. Its NAV is $11.72 vs CDL' s NAV of $9.22
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Joelton
Supreme |
24-Jan-2022 09:35
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UOL Group
On Jan 1, Wee Investments acquired 100,000 shares of UOL Group UOL: U14 -0.14% at S$7.01 per share.
This took the total interest of UOL Group chairman Wee Cho Yaw from 38.01 per cent to 38.02 per cent.
The recent wave of acquisitions by Wee Investments, which began late last year on Nov 30, has seen the banker increase his total interest in UOL Group from 37.41 per cent.
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Joelton
Supreme |
17-Jan-2022 09:46
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UOL Group
On Jan 10, Wee Investments acquired 278,000 shares of UOL Group UOL: U14 +0.28% at S$7.00 per share.
This took the total interest of UOL Group chairman Wee Cho Yaw from 37.95 per cent to 37.99 per cent.
The recent wave of acquisitions by Wee Investments, which began late last year on Nov 30, has seen the banker increase his total interest in UOL Group from 37.41 per cent.
In August 2021, UOL Group reported a net attributable profit of S$91.3 million for its H1FY21 (ended Jun 30) as revenue from property development rose substantially while fair value losses fell sharply, turning around from a net attributable loss of S$82.1 million for the same period last year.
The company is expected to report its FY21 results in late February.
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tongphlp
Supreme |
27-Dec-2021 06:23
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Stake changes: Wee Investments buys more UOL Group shareshttps://shentonwire.net/2021/12/24/stake-changes-wee-investments-buys-more-uol-group-shares/?mc_cid=eeb7373e15& mc_eid=5a228f3408 |
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PhillipTan
Supreme |
26-Dec-2021 23:28
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Citi recommends buying CDL and UOL on share price weakness after cooling measures announcedCiti Research analyst Brandon Lee has recommended investors buy into City Developments Limited (CDL) and UOL on the current weakness in both counters' share prices.Property counters on the Singapore Exchange (SGX) declined in the morning of Dec 16 as the government announced another round of property cooling measures in the wee hours of Dec 15. According to Lee, the kneejerk negative share price reaction to CDL and UOL are expected to be in the region of between 3% to 8%, which are similar to the drop seen during the cooling measures announced in January 2013. That said, the drop won' t emulate the 14% to 16% dip following the July 2018 measures given the counters' cheaper valuations at present. In his report dated Dec 15, Lee says he expects a " benign" impact on prices although he expects the en-bloc market to be dampened. " With [the] removal of policy overhang, we recommend buying both stocks on [share price] weakness," he writes. Lee has pegged a target price of $11.02 for CDL, which is set at a 25% discount to its revised net asset value (RNAV) of $14.69, " similar to where it traded at during the past few global downcycles" . That said, the drop won' t emulate the 14% to 16% dip following the July 2018 measures given the counters' cheaper valuations at present. In his report dated Dec 15, Lee says he expects a " benign" impact on prices although he expects the en-bloc market to be dampened. " With [the] removal of policy overhang, we recommend buying both stocks on [share price] weakness," he writes. Lee has pegged a target price of $11.02 for CDL, which is set at a 25% discount to its revised net asset value (RNAV) of $14.69, " similar to where it traded at during the past few global downcycles" . UOL' s potential downside risks stem from a cap rate expansion amid rising interest rates, a sharp economic slowdown, a fall in tourist arrivals and corporate demand, and a prolonged period of existing cooling measures. On the impact on the physical property market, Lee expects primary volumes to fall between 25% to 30% to 800 to 900 units per month, down from the existing 1,100 to 1,200 units a month in the near-term. This is mainly due to the reduction of overall investment demand, which currently makes up 20% to 30% of volumes as well as decreased demand from Singapore PRs and foreigners (which average around 10% to 15% of volumes each) due to the higher additional buyers' stamp duty (ABSD) fees. " However, similar to impact from previous measures, we think volumes could normalize to 900-1,000 units after 3-6 months, after buyers acclimatise to the measures amid still-strong fundamentals of the residential market and soft interest rates," says Lee. " With a recovering economy and improving household incomes, we expect [a] limited impact to prices," he adds, noting that prices inched down some 0.7% over two quarters before rebounding following the announcement of the cooling measures in July 2018. " The nascent recovery in [the] en-bloc market could be reasonably impacted with higher ABSD for entities, which alongside larger land supply, should mitigate further spike in land prices. We forecast number of Confirmed List sites could expand from [around] 3,500 units (average from 2019-2021) to [some] 5,600 units (average from 2014-2018)," he continues. |
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Lobster
Elite |
16-Dec-2021 18:14
Yells: "Even Adam Khoo believes in the Black Market!" |
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Now, and later you will understand why the demerger of Capitaland is a very good process, less affected by such regulatory measures ...... soon people will wake up to this mighty stock.. And realize how good and stable and resilient and how safe it is
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Lobster
Elite |
16-Dec-2021 12:36
Yells: "Even Adam Khoo believes in the Black Market!" |
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x 0 Alert Admin |
Six months ago when China government started its crack down, many dismissed it as temporary hiccup, because they don' t believe the government will let the property market tank, after all its a grand source of revenue too. Look what happening now?
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Lobster
Elite |
16-Dec-2021 12:21
Yells: "Even Adam Khoo believes in the Black Market!" |
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x 0 Alert Admin |
Well, now is only first day, many investors and funds still sleeping. Wait for the next few quarterly results, then the real pain kick in. 30% for foreign investor is no joke man. $10 million means 3 millions $$$$ more. Heard from coffee shops, many Chinese investors in China, are potentially losing tons from government regulatory measures.. Where got money to come here to invest? Plus the developers fees also went up . |
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pasttime
Supreme |
16-Dec-2021 10:30
Yells: "gold silver are real money. not others iou." |
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x 0 Alert Admin |
below 6 sure scoop. not likely. if no force selling, buy up will happen. if boss buy again. it fly back to above 7+ and start the rally for the new year. | ||
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Lobster
Elite |
16-Dec-2021 10:26
Yells: "Even Adam Khoo believes in the Black Market!" |
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x 0 Alert Admin |
UOL high ends... more for investors than own stay. Will affect much. Top three losers now I spit of a bright market . But can scoop if go below six. |
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turtletrader
Senior |
16-Dec-2021 10:07
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x 0 Alert Admin |
Interesting to see impact of higher ABSD and TDSR on this counter. |
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pasttime
Supreme |
30-Oct-2021 16:35
Yells: "gold silver are real money. not others iou." |
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x 0
x 0 Alert Admin |
congratulations for bagging this valuable freehold site. | ||
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Joelton
Supreme |
29-Oct-2021 12:46
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UOL-SingLand JV to buy Watten Estate Condominium for S$550.8m
UOL Group and Singapore Land Group (SingLand) have clinched a tender to purchase Watten Estate Condominium (WEC) in what may be the biggest collective sale in Singapore' s residential market so far this year.
At the price tag of S$550.8 million, the deal is a 10.2 per cent premium to the S$500 million minimum price announced by the property' s marketing agent JLL in September 2021.
WEC' s last collective sale attempt was launched in July 2019 at a reserve price of S$536 million. The property was first put up for en bloc sale in 2007 at the price of S$480 million.
In their respective bourse filings on Thursday (Oct 28), UOL and SingLand disclosed that the tender was awarded to their 80:20 joint venture (JV) between United Venture Investments (UVI) and Singland Residential Development (SRD).
UVI and SRD are the wholly-owned subsidiaries of UOL and SingLand, respectively. UOL is a controlling shareholder of SingLand, which was formerly known as UIC (United Industrial Corporation).
UVI will pay 80 per cent of the consideration or S$440.6 million for the acquisition based on its proportion of ownership of the JV, with SRD to fund the remainder.
Acquiring WEC is in the ordinary course of business and will enable both groups to replenish their land banks for residential development in Singapore, said both groups in their announcements. SingLand added that the JV parties intend to redevelop the property into a condominium, subject to the necessary approvals from relevant authorities.
Both JV parties intend to formalise their terms in connection with the property' s acquisition and redevelopment - and share risks and rewards in proportion to their subsidiaries' equity stakes in the JV.
" The acquisition is a timely replenishment for UOL Group as most of our projects are substantially sold. The prime freehold site is located in the exclusive residential enclave at Watten Rise, which is within 1 km of 2 prestigious primary schools, Nanyang Primary and Raffles Girls' Primary schools," commented UOL' s chief investment and asset officer Jesline Goh.
" Leveraging our product DNA and experience in developing luxury collection projects like MeyerHouse, a high-end project which saw healthy take-up with all of its 6 penthouses sold, we plan to develop another luxury project with about 200 larger format units on elevated ground," she added.
According to data from the Urban Redevelopment Authority as at Oct 28, units at MeyerHouse have transacted for between S$4.4 million and S$14.2 million, at a unit price range from S$2,351 to S$2,740 per square foot (psf) over the last 2 years.
The Business Times understands from JLL that the estimated breakeven price of WEC' s redevelopment is around S$2,650 psf.
WEC comprises 104 units of townhouses and apartments built around 1983. Spanning 220,241 square feet, the freehold elevated site at 36-44 Shelford Road is zoned residential with a gross plot ratio of 1.4 and an allowable height of up to 5 storeys.
The property can be redeveloped into 286 units based on the mandatory minimum average size of 100 square metres, according to JLL.
In a press statement issued Oct 28, JLL' s executive director of capital markets Tan Hong Boon said the tender for WEC was " hotly contested" with several competitive and close bids above the S$500 million reserve price.
He noted that the $550.8 million sale price reflects a unit land rate of approximately S$1,723 psf per plot ratio, including an 8 per cent bonus gross floor area and the corresponding development charge.
" With this elevated site amidst the predominantly low-rise and landed housings in the surroundings, new units of the proposed development could potentially enjoy unblocked views over lush greenery," said Tan.
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PhillipTan
Supreme |
17-Sep-2021 03:11
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CGS-CIMB remains ' overweight' on Singapore property sector, CDL and UOL top picksCGS-CIMB Research analyst Lock Mun Yee has reiterated her " overweight" rating for the Singapore property sector, despite slower home sales in August following tightened restrictions to curb Covid-19 cases.In a Sept 15 research note, she highlights August home sales excluding executive condominiums (ECs) came in at 1,215 units, 3.4% lower y-o-y and 23.5% lower m-o-m. She also notes that sales continued to outpace new launch volumes in August.Despite the slower momentum in August, Lock notes that sales volume year-to-date remains robust. Transactions in the first eight months of 2021 totalled 9,407 units, up 48% y-o-y and making up 78%-85% of Lock' s full-year forecast of 11,000-12,000 units. Meanwhile, according to Singapore Real Estate Exchange (SRX) data, estimated resale transactions were 4.9% higher m-o-m and 40.5% higher y-o-y, with 1,860 units changing hands. Lock believes demand was underpinned by the still-low interest rate environment. According to SRX, private resale home prices improved 0.5% m-o-m and 6.4% y-o-y in August. " With demand outlook still brisk, we maintain our expectation of 5%-7% growth in home prices in 2021," Lock says. Amidst the sanguine outlook, Lock highlights that developers' valuations remain attractive. " Developers' valuations still look inexpensive to us, trading at a 46% discount to realisable net asset value, close to one standard deviation below long-term mean discount," she remarks. Given the robust activity in the residential market, she prefers developers with " visible residential pipelines" and a strong balance sheet that would enable them to tap into opportunities during this slower cycle. City Developments (CDL) and UOL Group are her preferred picks. She has " add" calls for both counters with target prices of $8.97 and $8 respectively. Lock notes that potential sector re-rating catalysts include good sell-through rates for new launches, while downside risks include faster-than-expected interest rate hikes and property cooling measures which could dampen demand for housing. |
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PhillipTan
Supreme |
16-Sep-2021 00:58
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UOL completes integrated development in London with hotel, heritage buildingUOL has completed One Bishopsgate Plaza, an integrated development in London that involves the construction of a 43-storey tower and the conservation of the 144-year-old heritage building Devonshire Row.The project will anchor UOL' s investments in London, which include two other commercial buildings in London' s midtown area, UOL group chief executive Liam Wee Sin said in a press statement on Wednesday. Devonshire Row has been refurbished to house two storeys of offices and retail shops. The rest of the project comprises Pan Pacific London - the first Pan Pacific hotel in the UK, as well as The Sky Residences - 160 luxury apartments located on level 21 to 41. These apartments range from 580 square feet (sq ft) for a one-bedroom unit to 1,632 sq ft for a three-bedroom unit. They offer views of London landmarks such as River Thames, The Gherkin and St Paul' s Cathedral, UOL said. To date, about 27 per cent or 43 The Sky Residences units have been sold to both UK residents and overseas buyers at an average price of above £ 2,000 (S$3,707) per sq ft. Meanwhile, Pan Pacific London offers five levels of amenities. These include a meeting and events space, along with a double-height ballroom within which can host banquets for up to 370 guests. The development is located in the city of London, adjacent to Liverpool Street station on the Crossrail' s Elizabeth line. This provides quick access to the West End, Canary Wharf, Eurostar high-speed rail, London City Airport and Heathrow Airport, UOL said. " One Bishopsgate Plaza is part of our vision to strategically cement our presence in the UK and open new possibilities within the region in the coming years," Mr Liam said. Project consultants include UOL' s London-based development manager Stanhope, as well as PLP Architecture. |
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PhillipTan
Supreme |
01-Sep-2021 01:26
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Will investors really buy them? Min board lot size is a quarter million at 2.33% pa only? Might as well throw into any random REITs or BTs which can easily give 5% dividends or more?  |
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