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JPMorgan cuts UOL Group stock rating on slower sales outlook
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JPMorgan cuts UOL Group stock rating on slower sales outlook

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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Trump sees ’very bad’ future for NATO if allies do not help in Iran- FT interview Oil spike may trim global GDP by 0.3%, push inflation higher: Goldman Asia shares cautious, oil gains on Hormuz doubts US Economy: $100 oil triggers a dual-edged sword for domestic growth 🧠 Upgrade to AI Insights (South Africa Philippines Nigeria) 🧠 Upgrade to AI Insights JPMorgan cuts UOL Group stock rating on slower sales outlook By Analyst Ratings Published 03/16/2026, 01:37 AM JPMorgan cuts UOL Group stock rating on slower sales outlook 0 UTOS -4.37% UOLGY -1.26% Investing.com - JPMorgan downgraded UOL Group Ltd. (UOL:SP) (OTC:UOLGY) to Neutral from Overweight and lowered its price target to SGD9.55 from SGD12.05. The firm said UOL is one of the top performers in Singapore, up 17.9% year-to-date versus 4.2% for the Straits Times Index, on strong residential sales and hospitality recovery underpinning earnings growth. The stock has surged 89% over the past year, according to InvestingPro data, which tracks the company as a prominent player in the Real Estate Management & Development industry. JPMorgan said it believes UOL is also one of the key beneficiaries of EQDP inflows, which it expects to moderate as more fund managers deploy and amid greater risk of profit taking on geopolitical tensions. JPMorgan said it now anticipates slower residential sales this year, slowing to S$2-3 billion from the S$5 billion achieved in 2025. The firm said while it continues to expect a 10% three-year earnings compound annual growth rate, this slows from the 49% growth in fiscal year 2025. This aligns with InvestingPro forecasts showing a 12% revenue decline expected in 2026. JPMorgan said the heightened risk environment could slow asset monetization via real estate investment trusts or funds. The firm said amid softer macro fundamentals and fading momentum factors, it sees the stock as more fairly valued at current levels, with its revised...
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