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Brokers' take

Published Mon, Jun 5, 2017 · 09:50 PM
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UOL Group | Outperform (Initiate) June 5 close: S$7.26 Target price: S$9.00 Credit Suisse Equity Research, June 5

With valuation at an attractive 0.69 time price to book, steady earnings growth from recognition of locked-in residential sales and its recurring income base, and control over United Industrial Corporation (UIC) a key catalyst, UOL is our preferred play on the continued recovery in Singapore's residential market.

We believe the recovery in the Singapore residential mark…

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