Singapore, Jan 29, 2026, 15:23 SGT — Regular session
- UOL Group shares slipped 2 Singapore cents to S$10.81 in afternoon trading
- The stock has swung this week, sparked by a JPMorgan target-price boost that set off a sudden rally
- Attention shifts to the group’s full-year results, set for release on Feb 26
Shares of UOL Group Limited (SGX:U14) dipped by 2 Singapore cents to S$10.81 as of 2:09 p.m. local time on Thursday. The stock fluctuated between S$11.34 and S$10.78 during the session, with roughly 1.21 million shares changing hands, according to the company’s website.
The move follows a rapid two-day rebound that pushed the Singapore property developer back close to pre-broker rally levels from earlier this week. For some investors, the stock has become a quick gauge of demand for Singapore real estate shares after gains across the market.
UOL surged 8% on Tuesday, closing at S$11.18, before dropping 3.1% the next day to S$10.83, according to StockAnalysis data. Trading volume climbed during Wednesday’s decline, with roughly 4.55 million shares changing hands compared to 3.72 million on Tuesday.
JPMorgan analyst Terence Khi raised his target price to S$12.05 from S$10.15, maintaining an “overweight” rating — signaling expected outperformance, according to The Business Times. The paper noted the Hougang Central site’s price at S$1,179 per square foot per plot ratio, a standard measure for land value. Knight Frank’s research head Leonard Tay weighed in, suggesting the average selling price “might be even higher” than initial estimates. The Business Times
UOL disclosed in a January 14 exchange filing that the Housing & Development Board (HDB) has awarded a S$1.5007 billion tender for an integrated residential and commercial site at Hougang Central. The winning bid came from a consortium that includes UOL’s indirect joint venture alongside a CapitaLand Integrated Commercial Trust sub-trust. According to the filing, the deal will be funded primarily by bank loans and proportionate shareholders’ loans.
The earlier jump in UOL coincided with Singapore’s Straits Times Index breaking past 4,900, as several heavyweights closed at record highs, according to The Business Times. Phillip Securities Research analyst Chong Yik Ban noted, “If Big Tech beats expectations, global liquidity (will often flow) into the Singapore market following ‘risk-on’ sentiments.” The Business Times
Investors got a date: UOL will release its unaudited full-year 2025 results on Thursday, Feb. 26. “Unaudited” means these figures haven’t yet been verified by external auditors. SGX Links
The rally’s been swift, and the momentum could fade just as fast. A miss on earnings, a tweak in funding costs, or cooling sentiment on Singapore housing might trigger a quick wave of profit-taking.
Traders are keeping an eye on whether UOL can maintain its recent support following this week’s whipsaw, and if turnover remains high as the session winds down. The next major event is the Feb. 26 earnings report, which will likely highlight updates on the Hougang Central development.
