Oct 5 2011, 06:06 PM
QUOTE(panasonic88 @ Oct 5 2011, 05:32 PM)
Joined you guys for UOADEV at RM1.30 today 
Happy Investing!
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Quoted from Malaysia Finance blog
"...UOA Development - Its not a REIT, let's get that clear. I would not look too closely on their assumed dividend yield. Its a mid-sized property developer, and a pretty decent one too. A large part of the weightage is on how successful Bangsar South will be. Some 65% of new projects will be in Bangsar South, and they are planning some RM8bn in new projects, you do the math.
Brand wise, its strong and formidable for a mid sized player. Its a lot better managed than some family owned property developers. IPO price RM2.52, should have been a bit higher.
Its a simple equation really, Klang Valley, strong brand and delivery. RNAV RM3.57. It should not reach RNAV. I think fair value will be between RM3.10-3.20."
http://malaysiafinance.blogspot.com/search?q=UOA
Happy Investing!
==
Quoted from Malaysia Finance blog
"...UOA Development - Its not a REIT, let's get that clear. I would not look too closely on their assumed dividend yield. Its a mid-sized property developer, and a pretty decent one too. A large part of the weightage is on how successful Bangsar South will be. Some 65% of new projects will be in Bangsar South, and they are planning some RM8bn in new projects, you do the math.
Brand wise, its strong and formidable for a mid sized player. Its a lot better managed than some family owned property developers. IPO price RM2.52, should have been a bit higher.
Its a simple equation really, Klang Valley, strong brand and delivery. RNAV RM3.57. It should not reach RNAV. I think fair value will be between RM3.10-3.20."
http://malaysiafinance.blogspot.com/search?q=UOA
RM2.52 is closer these days
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