New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Jul 10
UOL Group Limited to Report First Half, 2026 Results on Aug 12, 2026 UOL Group Limited announced that they will report first half, 2026 results on Aug 12, 2026 Recent Insider Transactions Derivative • Jun 19
Key Executive exercised options to buy S$1.2m worth of stock. On the 16th of June, Wee Sin Liam exercised options to buy 120k shares at a strike price of around S$7.42, costing a total of S$890k. This transaction amounted to 14% of their direct individual holding at the time of the trade. Since December 2025, Wee Sin's direct individual holding has increased from 728.78k shares to 828.78k. Company insiders have collectively bought S$3.2m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • May 23
Key Executive exercised options to buy S$1.0m worth of stock. On the 21st of May, Wee Sin Liam exercised options to buy 100k shares at a strike price of around S$7.32, costing a total of S$732k. This transaction amounted to 14% of their direct individual holding at the time of the trade. Since December 2025, Wee Sin has owned 728.78k shares directly. Company insiders have collectively bought S$2.3m more than they sold, via options and on-market transactions, in the last 12 months. Upcoming Dividend • Apr 28
Upcoming dividend of S$0.25 per share Eligible shareholders must have bought the stock before 05 May 2026. Payment date: 18 May 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Singaporean dividend payers (4.9%). Lower than average of industry peers (3.2%). Announcement • Apr 28
UOL Group Limited Declares Special Tax Exempt (One-Tier) Dividend for the Year Ended 31 December 2025 UOL Group Limited at its Annual General Meeting held on April 27, 2026, declared a special tax exempt (one-tier) dividend of 7.0 cents per ordinary share for the year ended 31 December 2025. Announcement • Apr 04
UOL Group Limited to Report Fiscal Year 2025 Final Results on Apr 02, 2026 UOL Group Limited announced that they will report fiscal year 2025 final results at 5:00 PM, Singapore Standard Time on Apr 02, 2026 Price Target Changed • Mar 02
Price target increased by 11% to S$11.68 Up from S$10.56, the current price target is an average from 10 analysts. New target price is 6.6% above last closing price of S$10.96. Stock is up 99% over the past year. The company is forecast to post earnings per share of S$0.56 for next year compared to S$0.57 last year. Buy Or Sell Opportunity • Mar 02
Now 21% undervalued Over the last 90 days, the stock has risen 27% to S$10.96. The fair value is estimated to be S$13.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to decline by 5.8% per annum. Earnings are forecast to grow by 7.1% per annum over the same time period. Declared Dividend • Mar 01
Dividend of S$0.25 announced Shareholders will receive a dividend of S$0.25. Ex-date: 5th May 2026 Payment date: 18th May 2026 Dividend yield will be 2.2%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 27
UOL Group Limited announces Annual dividend, payable on May 18, 2026 UOL Group Limited announced Annual dividend of SGD 0.1800 per share payable on May 18, 2026, ex-date on May 05, 2026 and record date on May 06, 2026. Announcement • Feb 26
UOL Group Limited, Annual General Meeting, Apr 27, 2026 UOL Group Limited, Annual General Meeting, Apr 27, 2026. Price Target Changed • Jan 29
Price target increased by 8.1% to S$10.36 Up from S$9.58, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of S$10.89. Stock is up 114% over the past year. The company is forecast to post earnings per share of S$0.43 for next year compared to S$0.42 last year. Announcement • Jan 23
UOL Group Limited to Report Fiscal Year 2025 Results on Feb 26, 2026 UOL Group Limited announced that they will report fiscal year 2025 results on Feb 26, 2026 New Risk • Dec 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (14% net profit margin). Recent Insider Transactions Derivative • Nov 02
Key Executive exercised options to buy S$954k worth of stock. On the 31st of October, Wee Sin Liam exercised options to buy 120k shares at a strike price of around S$6.80, costing a total of S$816k. This transaction amounted to 20% of their direct individual holding at the time of the trade. Since March 2025, Wee Sin's direct individual holding has increased from 488.78k shares to 608.78k. Company insiders have collectively bought S$1.6m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Oct 05
Key Executive exercised options to buy S$961k worth of stock. On the 3rd of October, Wee Sin Liam exercised options to buy 120k shares at a strike price of around S$6.60, costing a total of S$792k. This transaction amounted to 25% of their direct individual holding at the time of the trade. Since March 2025, Wee Sin's direct individual holding has increased from 488.78k shares to 608.78k. This was the only transaction from an insider over the last 12 months. Price Target Changed • Sep 06
Price target increased by 9.2% to S$8.37 Up from S$7.67, the current price target is an average from 9 analysts. New target price is 14% above last closing price of S$7.37. Stock is up 36% over the past year. The company is forecast to post earnings per share of S$0.43 for next year compared to S$0.42 last year. New Risk • Sep 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (14% net profit margin). Reported Earnings • Aug 15
First half 2025 earnings released: EPS: S$0.24 (vs S$0.15 in 1H 2024) First half 2025 results: EPS: S$0.24 (up from S$0.15 in 1H 2024). Revenue: S$1.55b (up 22% from 1H 2024). Net income: S$205.5m (up 58% from 1H 2024). Profit margin: 13% (up from 10% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. Announcement • Jul 11
UOL Group Limited to Report First Half, 2025 Results on Aug 13, 2025 UOL Group Limited announced that they will report first half, 2025 results on Aug 13, 2025 Upcoming Dividend • Apr 29
Upcoming dividend of S$0.18 per share Eligible shareholders must have bought the stock before 06 May 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Singaporean dividend payers (6.0%). Lower than average of industry peers (4.1%). Reported Earnings • Apr 06
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: S$0.42 (down from S$0.84 in FY 2023). Revenue: S$2.79b (up 4.2% from FY 2023). Net income: S$358.2m (down 49% from FY 2023). Profit margin: 13% (down from 26% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 02
Now 21% undervalued Over the last 90 days, the stock has risen 12% to S$5.80. The fair value is estimated to be S$7.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 9.7%. For the next 3 years, revenue is forecast to decline by 2.3% per annum. Earnings are forecast to grow by 4.7% per annum over the same time period. Buy Or Sell Opportunity • Mar 11
Now 21% undervalued Over the last 90 days, the stock has risen 8.9% to S$5.77. The fair value is estimated to be S$7.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 9.7%. For the next 3 years, revenue is forecast to decline by 3.9% per annum. Earnings are forecast to grow by 4.7% per annum over the same time period. New Risk • Mar 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 26% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Major Estimate Revision • Mar 02
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from S$2.78b to S$2.87b. EPS estimate increased from S$0.387 to S$0.428 per share. Net income forecast to shrink 54% next year vs 2.3% growth forecast for Real Estate industry in Singapore . Consensus price target broadly unchanged at S$7.37. Share price rose 6.1% to S$5.40 over the past week. Declared Dividend • Mar 01
Dividend of S$0.18 announced Shareholders will receive a dividend of S$0.18. Ex-date: 6th May 2025 Payment date: 20th May 2025 Dividend yield will be 3.3%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but not covered by cash flows (144% cash payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 28
UOL Group Limited announces Annual dividend, payable on May 20, 2025 UOL Group Limited announced Annual dividend of SGD 0.1800 per share payable on May 20, 2025, ex-date on May 06, 2025 and record date on May 07, 2025. Reported Earnings • Feb 28
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: S$761.5m (up 16% from 3Q 2023). Net income: S$113.9m (down 60% from 3Q 2023). Profit margin: 15% (down from 44% in 3Q 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Feb 27
UOL Group Limited, Annual General Meeting, Apr 28, 2025 UOL Group Limited, Annual General Meeting, Apr 28, 2025. Announcement • Jan 24
UOL Group Limited to Report Fiscal Year 2024 Results on Feb 27, 2025 UOL Group Limited announced that they will report fiscal year 2024 results on Feb 27, 2025 Major Estimate Revision • Aug 20
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from S$2.67b to S$2.70b. EPS estimate fell from S$0.395 to S$0.345 per share. Net income forecast to shrink 60% next year vs 19% growth forecast for Real Estate industry in Singapore . Consensus price target broadly unchanged at S$7.71. Share price was steady at S$5.25 over the past week. Reported Earnings • Aug 15
First half 2024 earnings released: EPS: S$0.15 (vs S$0.16 in 1H 2023) First half 2024 results: EPS: S$0.15 (down from S$0.16 in 1H 2023). Revenue: S$1.27b (down 6.9% from 1H 2023). Net income: S$130.4m (down 3.4% from 1H 2023). Profit margin: 10% (in line with 1H 2023). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Real Estate industry in Singapore. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Aug 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 30% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Announcement • Jul 12
UOL Group Limited to Report First Half, 2024 Results on Aug 13, 2024 UOL Group Limited announced that they will report first half, 2024 results on Aug 13, 2024 Announcement • May 15
UOL Group Limited Appoints Ng Tiang Poh as Chief Financial Officer, Effective 10 June 2024 The Board of Directors of UOL Group Limited announced the appointment of Mr. Ng Tiang Poh as Chief Financial Officer of the Company, with effect from 10 June 2024. Role and Responsibilities: Executive. Responsible for leading and optimising the Group's Finance, Treasury, Tax and Investor Relations functions and supporting the Group Chief Executive in the Group's strategy and long-term growth. Working Experience: October 2018 to June 2024 - Head of Finance/Chief Financial Officer, Keppel Infrastructure Fund Management Pte. Ltd.; May 2017 to October 2018 - Vice President, Finance, Keppel Infrastructure Fund Management Pte. Ltd.; May 2014 to May 2017 - Vice President, Finance, Hyflux Ltd. (delisted). Other Directorships Past: Basslink Pty Ltd; Basslink Telecoms Pty Ltd; Basslink Holdings Pty Ltd; CityDC Pte. Ltd.; CitySpring Capital Pte. Ltd. Other Directorships Present: (Up till May/June 2024) City Energy Pte. Ltd.; CityLink Investments Pte. Ltd.; Keppel Merlimau Cogen Pte Ltd; Keppel Seghers Newater Development Co Pte. Ltd.; Keppel Seghers Tuas Waste-To-Energy Plant Pte. Ltd.; Senoko Waste-To-Energy Pte. Ltd.; SingSpring Pte. Ltd. 8. Basslink Australia GP Pty Ltd; Coral Holdings Australia Pty Ltd; Nexus Australia Management Pty Ltd; Nexus Investments Australia Pty Ltd. Professional Qualifications: Bachelor of Accountancy (Honours), Nanyang Technological University Master of Business Administration, The University of Manchester Fellow Chartered Accountant of Singapore Chartered Financial Analyst. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Annabelle Yip was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 25
Upcoming dividend of S$0.20 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Singaporean dividend payers (6.3%). Lower than average of industry peers (4.4%). Announcement • Apr 03
UOL Group Limited, Annual General Meeting, Apr 24, 2024 UOL Group Limited, Annual General Meeting, Apr 24, 2024, at 15:00 Singapore Standard Time. Location: PARKROYAL on Beach Road, Grand Ballroom 7500 Beach Road, Singapore 199591 Singapore Singapore Agenda: To consider the adoption of Directors' Statement, Audited Financial Statements and Auditor's Report; to consider declaration of a First and Final Dividend and a Special Dividend; to consider approval of Directors' Fees; to consider authority for Directors to Issue Shares (General Share Issue Mandate); to consider renewal of Share Buyback Mandate; and to consider other matters. Reported Earnings • Apr 03
Full year 2023 earnings released: EPS: S$0.84 (vs S$0.58 in FY 2022) Full year 2023 results: EPS: S$0.84 (up from S$0.58 in FY 2022). Revenue: S$2.68b (down 16% from FY 2022). Net income: S$707.7m (up 44% from FY 2022). Profit margin: 26% (up from 15% in FY 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Real Estate industry in Singapore. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Feb 29
UOL Group Limited Proposes Special Tax Exempt (One-Tier) Dividend for the Year Ended 31 December 2023, Payable on 15 May 2024 The Share Transfer Books and Register of Members of UOL Group Limited will be closed at 5.00 p.m. on 3 May 2024 for the preparation of dividend warrants and the purpose of determining shareholders' entitlements to the proposed Special tax exempt (one-tier) Dividend of 5.0 cents per ordinary share for the financial year ended 31 December 2023 (the "FY2023 First & Final Dividend and Special Dividend"), subject to shareholders' approval at the Annual General Meeting ("AGM"). Duly completed transfers received by the Company's Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., at 1 Harbourfront Avenue, Keppel Bay Tower, #14-03/07, Singapore 098632, up to 5.00 p.m. on 3 May 2024 will be registered to determine shareholders' entitlements to the FY2023 First & Final Dividend and Special Dividend. In respect of ordinary shares in securities accounts with The Central Depository (Pte) Ltd. ("CDP"), the FY2023 First & Final Dividend and Special Dividend will be paid by the Company to CDP which will, in turn, distribute the dividend entitlements to shareholders in accordance with its practice. The FY2023 First & Final Dividend and Special Dividend, if approved at the AGM, will be paid on 15 May 2024. Declared Dividend • Feb 29
Dividend of S$0.20 announced Shareholders will receive a dividend of S$0.20. Ex-date: 2nd May 2024 Payment date: 15th May 2024 Dividend yield will be 3.4%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is covered by both earnings (18% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 77% over the next 2 years. However, it would need to fall by 80% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: S$0.84 (vs S$0.58 in FY 2022) Full year 2023 results: EPS: S$0.84 (up from S$0.58 in FY 2022). Revenue: S$2.68b (down 16% from FY 2022). Net income: S$707.7m (up 44% from FY 2022). Profit margin: 26% (up from 15% in FY 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Feb 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (8.4% net profit margin). Announcement • Jan 27
UOL Group Limited to Report Fiscal Year 2023 Results on Feb 27, 2024 UOL Group Limited announced that they will report fiscal year 2023 results on Feb 27, 2024 Major Estimate Revision • Aug 17
Consensus EPS estimates increase by 78%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from S$2.92b to S$2.64b. EPS estimate rose from S$0.482 to S$0.858. Net income forecast to grow 81% next year vs 26% growth forecast for Real Estate industry in Singapore. Consensus price target broadly unchanged at S$8.17. Share price fell 5.3% to S$6.55 over the past week. New Risk • Aug 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.4% Last year net profit margin: 20% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (8.4% net profit margin). Announcement • Jul 12
UOL Group Limited to Report First Half, 2023 Results on Aug 10, 2023 UOL Group Limited announced that they will report first half, 2023 results on Aug 10, 2023 Upcoming Dividend • May 02
Upcoming dividend of S$0.18 per share at 2.2% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Singaporean dividend payers (6.4%). Lower than average of industry peers (3.6%). Reported Earnings • Apr 07
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: S$0.58 (up from S$0.36 in FY 2021). Revenue: S$3.20b (up 23% from FY 2021). Net income: S$491.9m (up 60% from FY 2021). Profit margin: 15% (up from 12% in FY 2021). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is expected to decline by 9.0% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 28
Full year 2022 earnings released: EPS: S$0.58 (vs S$0.36 in FY 2021) Full year 2022 results: EPS: S$0.58 (up from S$0.36 in FY 2021). Revenue: S$3.20b (up 23% from FY 2021). Net income: S$491.9m (up 60% from FY 2021). Profit margin: 15% (up from 12% in FY 2021). Revenue is expected to decline by 6.1% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jan 28
UOL Group Limited to Report Fiscal Year 2022 Results on Feb 27, 2023 UOL Group Limited announced that they will report fiscal year 2022 results on Feb 27, 2023 Buying Opportunity • Nov 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be S$8.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has declined by 3.6%. Revenue is forecast to decline by 8.0% in 2 years. Earnings is forecast to decline by 45% in the next 2 years. Reported Earnings • Aug 16
First half 2022 earnings released: EPS: S$0.44 (vs S$0.11 in 1H 2021) First half 2022 results: EPS: S$0.44 (up from S$0.11 in 1H 2021). Revenue: S$1.53b (up 36% from 1H 2021). Net income: S$371.0m (up 306% from 1H 2021). Profit margin: 24% (up from 8.1% in 1H 2021). Over the next year, revenue is forecast to decline by 9.3% while the Real Estate industry in Singapore is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year. Recent Insider Transactions Derivative • Jun 11
Key Executive exercised options to buy S$1.0m worth of stock. On the 9th of June, Wee Sin Liam exercised options to buy 140k shares at a strike price of around S$6.26, costing a total of S$876k. This transaction amounted to 48% of their direct individual holding at the time of the trade. Wee Sin now holds 288.78k shares directly in their own name. Company insiders have collectively bought S$2.3m more than they sold, via options and on-market transactions, in the last 12 months. Upcoming Dividend • Apr 29
Upcoming dividend of S$0.15 per share Eligible shareholders must have bought the stock before 06 May 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Singaporean dividend payers (5.8%). Lower than average of industry peers (3.1%). Reported Earnings • Apr 07
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: S$2.61b (up 32% from FY 2020). Net income: S$307.4m (up S$294.3m from FY 2020). Profit margin: 12% (up from 0.7% in FY 2020). Revenue exceeded analyst estimates by 20%. Over the next year, revenue is forecast to stay flat compared to a 5.7% growth forecast for the industry in Singapore. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: S$2.61b (up 32% from FY 2020). Net income: S$307.4m (up S$294.3m from FY 2020). Profit margin: 12% (up from 0.7% in FY 2020). Revenue exceeded analyst estimates by 20%. Over the next year, revenue is forecast to grow 1.4%, compared to a 6.5% growth forecast for the industry in Singapore. Recent Insider Transactions • Dec 26
Board Member recently bought S$1.5m worth of stock On the 22nd of December, Ee-Chao Wee bought around 209k shares on-market at roughly S$7.00 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 18
First half 2021 earnings released: EPS S$0.11 (vs S$0.097 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: S$1.19b (up 31% from 1H 2020). Net income: S$91.3m (up S$173.5m from 1H 2020). Profit margin: 7.7% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.