SINGAPORE (Dec 11): DBS Group Research is maintaining UOL Group at “hold” given there is limited catalysts amid fears of a slowdown ahead in the local property market.

“We see limited catalysts for the stock and sector given expectations of a property market slowdown which historically implies that UOL's share price will likely be trading in a range,” says lead analyst Rachel Tan in a Monday report.

Nevertheless, Tan believes UOL may be less impacted as being the earliest to land bank at a lower price would offer more room in pricing its properties. In addition, upward trends in office rents and hotel RevPAR bode well for UOL’s office and hotel investment properties.

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