Singapore, February 2, 2026, 15:39 SGT — Regular session ongoing
- Shares of UOL Group Limited (SGX: U14) slipped 0.46% to S$10.79 in mid-afternoon trading
- Singapore’s benchmark index dipped, while property stocks showed a mixed performance
- Attention is turning to UOL’s full-year results, expected later this month
UOL Group Limited shares slipped 0.46% to S$10.79 on the Singapore Exchange by 3:28 p.m. local time Monday, trimming some of their recent advance. (SG Investors)
The pullback followed a weaker market. The Straits Times Index slipped 0.75% to 4,868.25 by mid-afternoon, market data showed. (SG Investors)
Despite Monday’s slip, the stock is still hovering near the upper boundary of its recent trading range. Over the past year, it’s climbed roughly 112%, with a 52-week span between S$5.01 and S$11.34. Volume came in around 1.15 million shares, close to its usual levels. (Investing)
Broker optimism has played a key role here. JPMorgan analysts Terence Khi and Mervin Song assigned a S$12.05 valuation to the stock in a Jan. 26 note, relying on RNAV — revalued net asset value, a standard metric for property developers. “We expect FY2025 earnings to beat,” they said, and suggested the group might continue to outperform into 2026. (The Edge Singapore)
The next major hurdle is earnings. According to the market calendar, UOL plans to release its unaudited full-year 2025 financial results on Feb. 26. (ShareInvestor)
Investors are eager for updates on UOL’s development pipeline after it teamed up in a consortium bidding S$1.5 billion for the Hougang Central mixed-use site — priced at S$1,179 per square foot per plot ratio, a key land-cost measure in Singapore tenders. CapitaLand Integrated Commercial Trust will handle development and full ownership of the commercial portion, according to a report, with CapitaLand Development and Singapore Land Group also involved. Tan Choon Siang, CEO of the trust’s manager, described the project as offering an “attractive entry yield,” expecting a yield on cost north of 5%. (The Business Times)
Asset recycling is also part of the plan. The group confirmed it will sell its Tianjin hotel in China for RMB238 million (roughly S$43.4 million). The buyer, identified as Jiang Yang, has already paid a RMB23.8 million deposit, with the remainder expected around April 1, according to The Edge Singapore. (The Edge Singapore)
Shares of City Developments climbed 0.75% to S$9.35 by 3:18 p.m. local time, according to separate market data. (SG Investors)
Still, the environment could shift fast for developers. A slip in earnings, weaker home sales, or rising land and financing expenses might challenge the recent jump, particularly since the stock remains close to its 52-week peak.
Attention now turns to Feb. 26, when UOL will release its full-year results and might provide clues on its plans for launches, hotel trading, and balance-sheet management.
