UOL Group （UTOS.SI）：1H24 slightly below，Executing on divestment and asset enhancement initiatives despite weaker resi； Buy
Goldman Sachs·2024-08-14 03:00
13 August 2024 | 9:16PM SGT UOL Group (UTOS.SI): 1H24 slightly below: Executing on divestment and asset enhancement initiatives despite weaker resi; Buy UOL reported 1H24 core Patmi of S$143m, +8% YoY and slightly below at 39%/43% of GSe/IBES consensus. Revenue was -7% YoY with lower residential sales partially offset by higher investment and hotel revenue, and EBITDA +3% on higher contribution from commercial/hotel segments. While residential sales and contribution remain weak, commercial portfolio saw str ...