not vested
June 25, 2018
Insanely Cheap Companies in Singapore Right Now
UOL Group Limited (SGX: U14)UOL has an extensive portfolio of development and investment properties, hotels, and serviced suites. Its portfolio also includes the properties that are held under its listed subsidiary, United Industrial Corporation Ltd (SGX: U06).
There are three main segments with UOL’s business, and they are:-
1. Property Development
2. Hotel Operations and
3. Property Investments.
Some of the assets under the property investments segment include Novena Square, Clifford Centre, and United Square; these are all located in Singapore.
For 2018’s first quarter,
UOL’s revenue surged 89% year-on-year to S$661 million, but its
net profit slipped by 8% to S$73.8 million.
Looking ahead for the rest of the year, UOL commented in its latest earnings update:
“Based on Ministry of Trade and Industry’s advance estimates, Singapore’s GDP grew by 4.3% on a year-on-year basis in the first quarter of 2018. Prices of private residential properties in Singapore are trending upwards, with prices increasing by 3.9% in first quarter 2018.
Steady demand together with decreasing supply should support office rents. Notwithstanding growth in retail sales, retail rents remain under pressure with competition from ecommerce.
Economic and political uncertainties could weigh on the London property market although leasing activities remain steady in Midtown where the Group owns two properties.
Improvements in the global economic outlook should benefit the Group’s hotels in the Asia Pacific though trading conditions for the Group’s hotels in Myanmar and China remain challenging.”
Last Friday, UOL’s shares closed the trading session at a price of S$7.56 each. With a book value per share of S$11.38 (as of 31 March 2018), UOL carried a price-to-book ratio of 0.66.
Source: Motley Fool
https://www.fool.sg/2018/06/25/3-insane ... right-now/
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