OCBC Investment Research has kept “buy” on UOL Group with a higher fair value estimate of $9.27 from $8.91.

The higher fair value estimate comes with an environmental social and governance (ESG) valuation premium, as UOL has displayed “consistent solid ESG performance”.

So far, the group has demonstrated a “comprehensive” health and safety management system as well as energy and water efficiency programmes. The group falls into the average scoring range in the corporate governance category, compared to its global peers, notes the team.

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