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Launch of Amber45 and The Tre Ver to give UOL a boost

Samantha Chiew
Samantha Chiew5/15/2018 12:10 PM GMT+08  • 2 min read
Launch of Amber45 and The Tre Ver to give UOL a boost
SINGAPORE (May 15): OCBC is keeping its “buy” recommendation on UOL Group with a far value estimate of $10.63.
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SINGAPORE (May 15): OCBC is keeping its “buy” recommendation on UOL Group with a far value estimate of $10.63.

This came following the group announcing that its 1Q18 earnings fell 8% to $73.8 million from $80.3 million in 1Q17, mainly due to the $7.6 million amortisation and depreciation of fair value uplifts in 1Q18 under a purchase price allocation exercise when UIC was accounted as a UOL subsidiary from Sept 1, 2017.

Meanwhile, Pan Pacific Orchard took a $6.6 million accelerated depreciation charge following the decision to cease operations in the second quarter of 2018 for redevelopment.

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