UOL Group Limited’s share price has surged in 2025 and now sits close to its record highs, supported by a rebound in earnings, capital recycling moves and a stronger Singapore property market – but analysts are split on whether further upside remains from here.
Below is a detailed look at UOL Group’s latest share price, fundamentals, news flow and forecasts as of 10 December 2025.
UOL Group share price today and recent performance
As of mid‑afternoon on 10 December 2025, UOL Group Limited (SGX: U14) was trading at around S$8.36, down about 0.7% on the day. SG Investors
Over the last 12 months:
- 52‑week range: S$5.01 – S$8.84 Yahoo Finance+1
- 1‑year price change: roughly +56–61%, significantly ahead of the broader Singapore market and the local real estate sector. Yahoo Finance+1
- Market capitalisation: about S$7.1–7.3 billion, based on recent quotes and outstanding shares of roughly 845–845.8 million. GuruFocus+3Yahoo Finance+3MarketWatch+3
- Beta (5‑year monthly): ~0.4, implying lower volatility than the wider equity market. Yahoo Finance+1
UOL has also been highlighted in a Singapore market commentary on 10 December 2025, which noted that the stock retreated about 1.75% in the previous session, contributing to a softer start for the local market while still trading near its recent highs. RTTNews
For international investors, UOL’s over‑the‑counter ADR, UOLGY, last traded around US$26.48 on 9 December 2025, with a 52‑week range of US$14.42 – US$27.85. StockAnalysis+1
What UOL Group does: property and hospitality at scale
UOL Group Limited is one of Singapore’s largest listed property companies, with total assets of about S$23 billion. Longbridge SG+1
Key features of the group’s business:
- Core segments:
- Residential development in Singapore and selected overseas markets
- Investment properties (offices, retail and mixed‑use assets)
- Hotels and serviced suites through wholly‑owned Pan Pacific Hotels Group, which manages the “Pan Pacific” and “PARKROYAL” brands across Asia, Oceania and North America Beansprout+1
- Strategic subsidiaries:
- Singapore Land Group (SingLand), where UOL owns approximately 50.37%, providing additional exposure to commercial and integrated developments. The Edge Singapore+1
The company’s long operating history (incorporated in 1963) and diversified asset base are central to most analyst discussions of the stock. ifastgm.com.sg+1
Latest company news and strategic developments
Marina Square “hyper‑mixed” redevelopment via SingLand
The most topical news around UOL is indirect but potentially important: Singapore Land Group, majority‑owned by UOL, has unveiled plans to turn the Marina Square complex into what it calls Singapore’s first “hyper‑mixed development,” combining residential, serviced apartments and mixed‑use towers alongside existing hotels. The Edge Singapore+1
Key points:
- On 2 December 2025, SingLand announced sale‑and‑purchase agreements to acquire a land parcel at 6 Raffles Boulevard for about S$99.1 million, integrated into the Marina Square site. The Edge Singapore+1
- Marina Square already includes Pan Pacific Singapore and PARKROYAL Collection Marina Bay, both linked to UOL’s hospitality platform, so the redevelopment has potential to raise the value of UOL‑related assets in the area over time. The Edge Singapore+1
While the financial impact will emerge only over several years, market commentary has framed the Marina Square project as another example of UOL and SingLand using prime CBD‑fringe land more intensively, with optionality on both residential and hospitality yields. SG Investors+1
Kinex divestment and capital recycling
Another major 2025 development is UOL’s divestment of Kinex, a suburban mall and mixed‑use property in Singapore:
- UOL completed the divestment of commercial strata lots in Kinex, Singapore, with completion formally announced on 31 October 2025. Com
- A regional real estate capital markets report highlighted this as a US$292 million (~S$400 million) transaction, contributing to Singapore’s 29% year‑on‑year rise in Q3 2025 commercial real estate investment volumes. Rprealty Plus
Equity research commentary has generally described the Kinex sale as earnings‑neutral to mildly accretive in the near term, but positive from a capital recycling and portfolio quality standpoint, freeing up cash for higher‑return projects. The Edge Singapore+1
Insider buying: CEO increases stake
Insider activity has also been supportive:
- On 31 October 2025, group chief executive Liam Wee Sin acquired 120,000 UOL shares at an average price of about S$6.80 after exercising options.
- His direct interest rose to around 728,777 shares, with a further 400,000 share options outstanding. The Business Times+1
This purchase was disclosed to the market and falls against a backdrop of long‑tenured management and board members steadily increasing exposure to the stock over the past few years. uol.com.sg+1
Funding flexibility: S$2 billion MTN programme
On the funding side, UOL Treasury Services maintains a S$2.0 billion mult currency medium‑term note (MTN) programme, unconditionally guaranteed by UOL Group Limited, with the information memorandum refreshed in July 2025. ifastgm.com.sg+1
This programme gives UOL flexibility to tap bond markets in multiple currencies as needed, an important consideration for a capital‑intensive developer with global hospitality assets.
Financial performance: FY2024 reset, strong rebound in 1H 2025
FY2024 results: higher revenue, lower headline profit
For the financial year ended 31 December 2024, UOL reported: Yahoo News Singapore+3MarketScreener+3The Edge Singapore+3
- Revenue: ~S$2.79 billion, up about 4% year‑on‑year
- Net profit: about S$358 million, down roughly 49% from 2023
- Net margin: around 13%, down from roughly 26% in FY2023
The large drop in profit despite higher revenue was mainly due to the absence of one‑off revaluation and disposal gains booked in 2023, along with higher operating costs.
1H 2025: earnings re‑accelerate
The picture improves markedly in 1H 2025:
- Revenue: about S$1.55 billion (S$1,549.3 million), versus S$1.27 billion a year earlier
- Net profit: about S$205.5 million, up roughly 58% from S$130.4 million in 1H 2024
- EPS: S$0.2433 vs S$0.1543 in the prior period MarketScreener UAE Emirates+2The Business Times+2
Management and media reports attributed the stronger half‑year performance to:
- Better contributions from property development and investment
- Improved earnings from hotel operations
- Disposal gains, including the sale of Parkroyal Yangon The Business Times+1
Trailing 12‑month snapshot
Using trailing‑12‑month (TTM) data up to mid‑2025:
- Revenue (TTM): ~S$3.07 billion
- Net profit (TTM): ~S$433 million
- EPS (TTM): ~S$0.51
- Net margin (TTM): ~14.1% StockAnalysis+2Simply Wall St+2
Independent data providers estimate that over the past several years UOL has grown earnings at about 20–25% annually on average, while revenue has grown closer to 7% per year, outpacing the broader Singapore real estate management and development industry, where earnings have been broadly flat to declining. Simply Wall St+1
Balance sheet, debt and dividends
Debt profile and leverage
A December 2025 credit‑style review noted that as of June 2025 UOL carried about: Moomoo+1
- Total debt: ~S$5.31 billion, down from about S$5.77 billion a year earlier
- Cash: ~S$1.28 billion
This implies net debt of a little over S$4 billion, partly backed by a large portfolio of income‑generating investment properties and hotels. Quantitative analysis places UOL’s debt‑to‑equity ratio at roughly 32–33%, with a current dividend payout ratio around 35%. Simply Wall St
Equity research and quantitative platforms generally conclude that UOL “uses debt quite sensibly” given the stability of its rental and hospitality cash flows, while also noting that profit margins have compressed versus earlier years. Simply Wall St+2Simply Wall St+2
Dividend and yield
UOL declared a S$0.18 per share cash dividend for FY2024, following a S$0.20 total dividend (including a special payout) for FY2023. Barron’s+2Simply Wall St+2
At a share price around S$8.3–8.4, this implies:
- Trailing dividend yield: roughly 2.1%
- Payout ratio: ~35% of trailing earnings GuruFocus+1
This places UOL in the category of moderate dividend Singapore developers, offering income but not at REIT‑like levels.
Analyst ratings and price targets as of December 2025
Broker research: mainly “Buy” or “Add”
According to collated SGX broker data:
- CGSI Research (Aug 13, 2025): “ADD” rating, target price S$8.20
- DBS Research (Aug 19, 2025): “BUY”, target price S$8.80 (up from S$8.40)
- OCBC Investment (Aug 14, 2025): “BUY”, target price S$8.65 (up from S$8.62) SG Investors
In November 2025, OCBC Investment Research further raised its UOL target price by more than 16%, citing brisk sales momentum in the developer’s projects and resilient private home prices based on fresh Urban Redevelopment Authority (URA) data, with “Skye at Holland” singled out among the launches. SG Investors+1
Consensus targets and recommendations
Different aggregators produce somewhat different consensus target numbers:
- MarketWatch (UOLGF line): average target price about S$8.88 equivalent, with an average recommendation of “Overweight” across nine ratings. MarketWatch
- Fintel: one‑year average target price around S$9.31. Fintel
- TradingView: average target price S$9.39, with a high estimate of S$12.00 and a low of S$6.10; next‑quarter revenue forecast about S$1.27 billion. Tradingview
- Beansprout (SGX data hub): consensus share price target S$8.20, implying about 2.1% downside versus an intraday price of S$8.38 on 10 December 2025. Beansprout
Taken together, most sell‑side and quant sources cluster UOL’s 12‑month fair value somewhere in the high‑S$8 to high‑S$9 range, with one widely‑used retail analytics site signalling potential fair value much higher still based on its internal discounted cash flow model. Beansprout+3Simply Wall St+3Fintel+3
Quant and model‑based views
Simply Wall St’s quantitative report (updated 9 December 2025) gives UOL: Simply Wall St
- A P/E ratio of around 16.4x TTM earnings
- A price‑to‑sales ratio of roughly 2.3x
- An internal “Snowflake” score that rates valuation positively, financial health and dividends relatively strong, but future growth low due to conservative analyst forecasts
At the same time, a recent Simply Wall St article titled “UOL Group Limited’s Business Is Yet to Catch Up With Its Share Price” argues that the 58% 1‑year rally may already reflect much of the near‑term earnings recovery, indicating some tension between different model outputs on the same platform. Simply Wall St+1
For shorter‑term traders, technical‑analysis site StockInvest.us noted that UOL’s share price fell 1.75% on 9 December 2025 (from S$8.57 to S$8.42) but still sits in the lower part of a strong short‑term rising trend. The model expects, with wide uncertainty, that the stock could trade in a S$9.43 – S$10.17 range over the next three months, categorising it as a “buy candidate” despite some recent sell signals. StockInvest
On the ADR side (UOLGY), the same site labels the stock a “hold candidate” after a strong run‑up, emphasising some negative short‑term signals while acknowledging the chance of further gains. StockInvest
Long‑horizon algorithmic forecasts, such as those projecting ADR prices out to 2035 or 2040, should be treated as highly speculative and are best seen as scenario exercises rather than reliable predictions. StockScan
Valuation snapshot at current prices
Combining major data providers at an S$8.3–8.4 share price: GuruFocus+3Yahoo Finance+3Simply Wall St+3
- Trailing EPS (TTM): ~S$0.51
- P/E (TTM): around 16–17x on raw data; some vendors show a higher “normalised” P/E near 20x, depending on how one‑off items are treated
- P/S (price‑to‑sales): ~2.3–2.4x
- Dividend yield: ~2.1%, with a ~35% payout ratio
- Net margin: roughly 14%
- Debt‑to‑equity: low‑to‑mid‑30s percent
Relative to Singapore developer peers (such as City Developments and Frasers Property), UOL trades:
- At a premium to book and earnings multiples of more cyclical names in weaker balance‑sheet positions
- But often at a discount versus pure‑play high‑yield REITs, which offer higher income but less development upside
Most analyst commentary frames UOL’s valuation as reasonable to moderately attractive for a high‑quality developer with substantial recurring income, especially after the 2024 earnings “reset” and 1H 2025 rebound.
Sector and macro backdrop
The macro environment is another key driver of sentiment:
- Asia‑Pacific commercial real estate investment volume hit a record US$63.8 billion in Q3 2025, up nearly 57% year‑on‑year, with Singapore volumes rising 29% and UOL’s Kinex divestment singled out as one of the notable deals. Rprealty Plus
- Singapore’s private residential market has seen strong primary sales and resilient pricing, leading some brokers to upgrade sector views and raise target prices for major developers including UOL. SG Investors+2SG Investors+2
- Falling short‑term interest rate benchmarks such as SORA have also eased funding costs, a key reason for OCBC’s target price upgrade in November 2025. SG Investors+1
At the same time, sector analysts caution about slower global growth, evolving cooling measures in Singapore’s housing market and the usual execution risks in large‑scale redevelopment projects like Marina Square.
Key risks and watchpoints for 2026
Looking ahead from the vantage point of 10 December 2025, investors and analysts are watching several themes:
- Execution on capital recycling
- How effectively UOL redeploys proceeds from Kinex and other disposals into higher‑return projects or debt reduction. uol.com.sg+1
- Residential launch pipeline
- The sales pace, pricing and margins of upcoming and ongoing launches, such as those highlighted in broker research (e.g., Skye at Holland), will influence both earnings and sentiment. SG Investors+1
- Marina Square and CBD‑fringe repositioning
- The scale, phasing and funding structure of the hyper‑mixed redevelopment via SingLand and its eventual impact on UOL’s hospitality and investment property earnings. The Edge Singapore+1
- Interest rates and funding conditions
- While SORA’s decline has been a tailwind, any renewed rate volatility would affect borrowing costs, valuation yields and capitalisation rates for investment properties. SG Investors+2ifastgm.com.sg+2
- Hospitality cycle
- UOL’s sizable Pan Pacific and PARKROYAL portfolio means global travel trends, especially in Asia‑Pacific, can materially tilt results either way. Beansprout+1
Bottom line: how UOL Group stock looks on 10 December 2025
As of 10 December 2025, UOL Group Limited sits in an interesting sweet spot:
- Price: near record highs, up almost 60% over the past year, but still below the most bullish analyst targets. tradingview.com+3Yahoo Finance+3Simply Wall St+3
- Fundamentals: earnings have rebounded strongly in 1H 2025 after a one‑off‑heavy 2024, with TTM margins in the mid‑teens and a solid balance sheet for a developer. MarketScreener+3MarketScreener UAE Emirates+3The Business Times+3
- Capital management: active capital recycling (Kinex sale), insider buying and access to bond markets via an MTN programme support the story of deliberate balance‑sheet management. ifastgm.com.sg+3uol.com.sg+3Rprealty Plus+3
- External view: most brokers maintain Buy/Add/Overweight stances, while model‑based platforms offer a noisy mix of “deeply undervalued” intrinsic estimates and caution that the share price has run ahead of near‑term growth. Simply Wall St+3SG Investors+3MarketWatch+3
For investors following UOL Group into 2026, the key questions are less about survivability and more about return on capital: can the group continue to translate its sizeable land bank, redevelopment opportunities and global hotel platform into earnings growth that justifies current – and possibly higher – valuations?
