UOL Group stock price jumps 7% after JPMorgan lifts target — SGX:U14 in focus
UOL shares jumped 7.6% to S$11.14 in Tuesday afternoon trading after JPMorgan raised its target price to S$12.05 and kept an “overweight” rating. The move follows UOL’s S$1.5 billion acquisition of a 99-year mixed-use site in Hougang Central. Investors are watching for the company’s full-year results on Feb. 26 and further broker reactions.