SINGAPORE (Aug 8): OCBC is maintaining its “buy” call on UOL Group with an estimate fair value of $9.01 following its strong 2Q17 results.
The group reported a 59% y-o-y increase in its profit after tax and minority interests (PATMI) to $109.4 million, mainly due to higher recognition from Principal Garden, higher share of profits from associated companies and fair value gains on investment properties.
