More to come on UOADEV...TP $2.89


CIMB Research maintains Outperform on UOA Devt

Date: 24/08/2011


KUALA LUMPUR: CIMB Equities Research is maintaining its Outperform rating on UOA Developments Bhd after its annualised 1H core net profit met expectations at 93% of its forecast and 94% of consensus projections.

The research house said on Wednesday, Aug 24 that future quarters should be stronger as recognition of the strong year-to-date sales picks up pace.

CIMB Research said the good results should also boost confidence in the group's ability to meet the research house's FY11 core profit forecast of RM224 milllion.

'However, in view of the stockmarket turbulence of late and global slowdown fears, we now value UOA Dev at a 20% discount to market P/E instead of 10% given the higher risks inherent in its large exposure to high-rise residential and commercial development.

'Our target price falls from RM3.25 to RM2.89 as we lower our P/E target from 13.1x to 11.6x. We maintain our OUTPERFORM call in light of the potential catalysts of 1) improving earnings, 2) continued strong sales and 3) landbank acquisition,' it said.


So my friends, isn't it time for you to pick up UOADEV?.....just released financial results is EPS 72 cents.

Take a good look and see who is acquiring UOADEV.



Wednesday, 17 Aug 2011

12:47PM UNITED OVERSEAS AUSTRALIA LIMITED (1,000,000 Shares Acquired)
12:46PM UOA HOLDINGS SDN BHD (1,000,000 Shares Acquired)

Monday, 15 Aug 2011

1:04PM EMPLOYEES PROVIDENT FUND BERHAD (1,000,000 Shares Acquired)

Wednesday, 10 Aug 2011

1:21PM UOA HOLDINGS SDN BHD (100,000 Shares Acquired)
1:19PM UNITED OVERSEAS AUSTRALIA LIMITED (100,000 Shares Acquired)

Friday, 5 Aug 2011

5:33PM EMPLOYEES PROVIDENT FUND BERHAD (121,500 Shares Disposed)
5:33PM UNITED OVERSEAS AUSTRALIA LIMITED (20,000 Shares Acquired)
5:31PM DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
5:29PM UOA HOLDINGS SDN BHD (20,000 Shares Acquired)

Tuesday, 2 Aug 2011

5:38PM KONG CHONG SOON @ CHI SUIM (10,000 Shares Acquired)
12:41PM UOA HOLDINGS SDN BHD (125,000 Shares Acquired)
12:41PM UNITED OVERSEAS AUSTRALIA LIMITED (125,000 Shares Acquired)

Monday, 1 Aug 2011

5:38PM KONG CHONG SOON @ CHI SUIM (10,000 Shares Acquired)
12:41PM UOA HOLDINGS SDN BHD (203,000 Shares Acquired)
12:41PM UNITED OVERSEAS AUSTRALIA LIMITED (203,000 Shares Acquired)

Thursday, 28 Jul 2011

5:59PM TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
12:56PM UNITED OVERSEAS AUSTRALIA LIMITED (290,000 Shares Acquired)
12:55PM UOA HOLDINGS SDN BHD (290,000 Shares Acquired)

Monday, 25 Jul 2011

12:43PM UOA HOLDINGS SDN BHD (50,000 Shares Acquired)
12:43PM UNITED OVERSEAS AUSTRALIA LIMITED (50,000 Shares Acquired)

Friday, 22 Jul 2011

12:44PM UNITED OVERSEAS AUSTRALIA LIMITED (27,300 Shares Acquired)
12:44PM EMPLOYEES PROVIDENT FUND BOARD (205,000 Shares Acquired)
12:43PM UOA HOLDINGS SDN BHD (27,300 Shares Acquired)

Thursday, 21 Jul 2011

5:45PM EMPLOYEES PROVIDENT FUND BOARD (300,000 Shares Acquired)
12:46PM UNITED OVERSEAS AUSTRALIA LIMITED (75,000 Shares Acquired)
12:46PM UOA HOLDINGS SDN BHD (75,000 Shares Acquired)

Friday, 8 Jul 2011

12:35PM EMPLOYEES PROVIDENT FUND BOARD (300,000 Shares Acquired)

Thursday, 7 Jul 2011

5:30PM EMPLOYEES PROVIDENT FUND BOARD (470,000 Shares Acquired)

Monday, 4 Jul 2011

5:57PM UNITED OVERSEAS AUSTRALIA LIMITED (40,000 Shares Acquired)
5:57PM UOA HOLDINGS SDN BHD (40,000 Shares Acquired)
5:57PM UNITED OVERSEAS AUSTRALIA LIMITED (220,000 Shares Acquired)
5:57PM UOA HOLDINGS SDN BHD (220,000 Shares Acquired)

Friday, 1 Jul 2011

12:48PM UOA HOLDINGS SDN BHD (388,500 Shares Acquired)
12:48PM UNITED OVERSEAS AUSTRALIA LIMITED (388,500 Shares Acquired)
12:47PM EMPLOYEES PROVIDENT FUND BOARD (500,000 Shares Acquired)

Thursday, 30 Jun 2011

12:42PM UOA HOLDINGS SDN BHD (275,000 Shares Acquired)
12:42PM UNITED OVERSEAS AUSTRALIA LIMITED (275,000 Shares Acquired)

Wednesday, 29 Jun 2011

5:12PM EMPLOYEES PROVIDENT FUND BOARD (500,000 Shares Acquired)

Tuesday, 28 Jun 2011

12:43PM EMPLOYEES PROVIDENT FUND BOARD (500,000 Shares Acquired)

Monday, 27 Jun 2011

12:42PM UOA HOLDINGS SDN. BHD. (46,000 Shares Acquired)

Friday, 24 Jun 2011

5:13PM UOA HOLDINGS SDN. BHD. (339,000 Shares Acquired)

I don't know much about accounting but maybe you can read between the lines in this CIMB report....





.... and this..






...and an earlier report from CIMB...

More on UOADEV......take a good read please....



• In line at midway stage. At 93% of our forecast and 94% of consensus projections, UOA Dev’s annualised 1H core net profit met expectations given that future quarters should be stronger as recognition of the strong YTD sales picks up pace. The good results should also boost confidence in the group’s ability to meet our FY11 core profit forecast of RM224m. However, in view of the stockmarket turbulence of late and global slowdown fears, we now value UOA Dev at a 20% discount to market P/E instead of 10% given the higher risks inherent in its large exposure to high-rise residential and commercial development. Our target price falls from RM3.25 to
RM2.89 as we lower our P/E target from 13.1x to 11.6x. We maintain our OUTPERFORM call in light of the potential catalysts of 1) improving earnings, 2) continued strong sales and 3) landbank acquisition.


• 2Q results play catch-up. The interims were in line as 1iH net profit made up 46% of our full-year forecast and 47% of consensus estimates. 2Q core net profit jumped 45% qoq to RM61m, stoked by higher contributions from Horizon II, Kepong Business Park, Setapak Green, Binjai 8 and Camellia. Though we were not surprised that UOA Dev did not declare a dividend for 1H, we are cutting FY11-13 DPS forecasts by 25-39% to 7-11 sen as the company is targeting a payout ratio of 30-40% compared to our earlier estimates of 30-50%.



• RM533m sales in 1H. UOA Dev chalked up RM533m worth of sales in 1H, of which RM267m or 50% came in 2Q. 1H sales were mainly from the Camellia serviced apartments in Bangsar South and the Setapak Green condos. The take-up rate for Camellia has hit 55% while Setapak Green is 83% sold. UOA Dev is well on track to meet its RM650m sales target for 2011 as 2H launches include the RM160m Ceylon Hills project. For 2012, the group is gunning for RM800m sales, which could be conservative in view of the slew of new projects lined up.



• Sri Petaling land buy completed. UOA Dev has completed the acquisition of a 4.9-acre piece of land in Sri Petaling, a mature residential area in Kuala Lumpur, for RM50m or RM236 psf. The project has a GDV of RM400m. The group plans to launch serviced apartments measuring an average of 1,500 sq ft and priced from RM400 psf onwards. We expect sales to be strong given the attractive pricing which is at the low end of the RM400-500 psf range for a neighbouring project.




Now you decide.

Maybe this Financial summary can help you to decide...






Cheers & good luck to all.

Now take a look at UOADEV prime & pet project....Binjai 8......yes, you have read it in the papers, now read more....


Binjai 8, a Premium Service Suites development dubbed as “City Home - Suites” is UOA’s latest freehold project strategically located within the vicinity of the internationally acclaimed KLCC. It’s a 40-storey state-of-the-art building nestled on the last piece of prime land along Lorong Binjai (behind Nikko Hotel) which comprises 310 units of premier integrated concept executive Service Suites with exclusive modern business facilities and amenities. Binjai 8 is just within walking distance to Ampang LRT Station, KLCC Park, world class shopping malls, hotels and restaurants and a host of other cosmopolitan exclusivities and convenience.

Uniquely designed with a practical choice of 1 to 3 rooms' suites or from a minimum size of 753 sq. ft. onwards. Binjai 8 gives you the flexibility to work, relax and unwind while achieving equilibrium between modern practicality and refine comfort.

Address : Lorong Binjai, KLCC

Project Type : Service Suites

Built up area : 753sf – 1784sf

No. of rooms : 1, 2 & 3 rooms

Facilities : Penthouse Sky Café/Lounge,Full glass clad Gymnasium, Changing Rooms, Meeting Rooms, Business Centre, Broadband ready, 8 high Speed Lifts

Security : 3-Tier Security with 24-hr Guardhouse, CCTVs & Access Card

Total Units : 310 Units

PRICE: Price-from RM900 psf


...so about $1 million for a bigger unit......anyone of you millionaires want to buy?

Coming soon UOADEV project.....ONE @ BUKIT CEYLON


Nestled in the epicentre of KL’s Golden Triangle, One@Bukit Ceylon is the most prestigious address at the heart of Changkat Bukit Bintang that offers exceptional hotel-style living right in the city’s premier lifestyle enclave.

With easy accessibility and convenient connectivity, all your daytime and nocturnal needs from high-end retail shopping, scrumptious hawker fare to popular bars and chic clubs, are literally just steps away. And with two monorail stations serving the area, getting around is a breeze.

Welcome to your private hotel suite, where the possibilities here are truly endless.
Address No 1, Lorong Ceylon, Kuala Lumpur

Project Type Hotel Suites

Built up area 411sf - 893sf

Facilities Infinity Pool, Jacuzzi, Sky Gym, Function Room, Private Pavilions, Reading Lounge, Launderette and Business Centre

Security 3-Tier with Floor Designated Card System

Total Units 354

And UOADEV mother of all project.....BANGSAR SOUTH....6 PROJECTS IN 1


THE DEVELOPMENT - AN OVERVIEW
INSPIRED BY YOUR DREAMS


Arguably one of the most sought after addresses for today's urbanites who appreciate stylish suburban living within a dynamic cityscape, Bangsar South is a fully integrated residential cum commercial enclave that stands apart from the rest with its central location, excellent internet and transport connectivity plus a host of retail, service and recreational facilities including a stunning RM100-million clubhouse, vast 6-acre park and healthcare centre.


Features :

* Integrated development consisting of work, living and entertainment components
* Grade A offices, retail avenues, resort-style comdominiums and serviced suites
* Designed to offer maximum business space and living flexibility
* High potential for capital appreciation
* One-stop lifestyle business centre
* Strategically located between KL, PJ and Bangsar
* Converging highways Federal Highway, NPE Highway, Sprint Highway and LDP Highway

And last but not least.....CAMELIA SERVICED SUITES @ BANGSAR SOUTH







.....and The Park Residences




The Park Residences with seven soaring residential towers stand magnificently against the bustling backdrop of Kuala Lumpur skyline. Both Acacia and Begonia condominium blocks are part of the exclusive homes with luxury condo facilities offered exclusively for the residents within the enclave.

Experience the epitome of luxury living at the heart of the expanding Bangsar South city.








Now you really must decide...only you can click the buy button .....now you decide & you buy without any insurance coverage except the above pictures & details.



Cheers & good luck to all.

Just wondering this.....hope one of you can shed some light on this...





....so it's listed in the Australian Stock Exchange (ASX) too?


http://www.asx.com.au/asx/research/company...ode&asxCode=UOS

...and now the company is in some sort of buy back of company shares as seen from the daily purchase!!


...and it too own uoareit too?

http://www.uoareit.com.my/


......AND THIS...






...so it's panning a dividend of AUS 0.5 cents = MR 1.58 cents



....advice please...many thanks in adcance.

So for mid or long term , it's worthwhile to keep? & with strong support buy back from EPF, UOA AUSTRALIA, UOA HOLDINGS SDN BHD, we should see further upswing perhaps.


....please see enclosed snapshot of future eps [highlighted]..

And Results comparison...see snapshot highlighted too....

Let's view some Regional comparisons as well as withing MALAYSIA leading property listed companies......highlighted snapshot provided..






Now it's up to you all to make your final decision as I already posted more than enough for all to figure it out.



Cheers to all & good luck too.

Wow, you know Miss Eugene ...well I too would like to bring her to tea or dinner too.

Yes, start collecting now as it been down by $1.15 cents I am confident it will go much higher with strong support from EPF, UOADEV Australia & UOADEV [malaysia]buying almost everyday.


So when EPF buy, you buy & you can never go wrong.


On prospects, I am confident it's much better stock than E&O shares. ...remember TP is between $2.85 to $3.25 according to various research houses.


Cheers to all....all the best.

This post has been edited by monkeyking: Aug 29 2011, 03:06 AM

Good news, good news.....read below & start buying today or miss the chance....



Asian Stocks May Rebound as Bernanke Sounds More Confident Note

August 28, 2011, 12:06 AM EDT


By Jonathan Burgos

Aug. 28 (Bloomberg) -- Asian stocks, trading near the lowest valuations since December 2008, may rebound after Federal Reserve Chairman Ben S. Bernanke said the U.S. economy is recovering, albeit at a slower pace, and the central bank has additional means to shore up growth if appropriate.

The MSCI Asia Pacific Index last week snapped a four-week, 14 percent slump on speculation Bernanke would foreshadow extra stimulus policies during his Jackson Hole, Wyoming speech. The Standard & Poor’s 500 Index climbed 1.5 percent on Aug. 26, erasing losses of as much as 2 percent, as the Fed Chairman said growth will resume and decided to extend next month’s policy meeting to two days instead of one. Futures on Japan’s Nikkei 225 Stock Average rose 0.6 percent in Chicago.

“We should see a decent rebound.” said Nader Naeimi, a Sydney-based strategist for AMP Capital Investors Ltd., which manages almost $100 billion. “Bernanke sounded a lot more confident. The probability of some sort monetary easing coming out of that two-day meeting is high.” Naeimi said on Aug. 23 that there was a “real risk of disappointment” if Bernanke didn’t commit to supporting economic growth.

American depositary receipts of Kyocera Corp., a maker of solar panels that gets 17 percent of sales in the U.S., gained 0.5 percent from its closing price in Tokyo on Aug. 26. ADRs of BHP Billiton Ltd., the world’s largest mining company and Australia’s No. 1 oil producer, climbed 0.3 percent after copper and oil futures increased. Gains in U.S. trading were limited as the dollar fell against most major currencies.

‘More Optimistic’

The MSCI Asia Pacific Index tumbled 11 percent from June 30 through Aug 26 after the Federal Reserve ended its $600 billion bond-purchase program, known as quantitative easing or QE2, to boost the economy. Stocks have also fallen amid signs the U.S. economic recovery is stalling and Europe’s debt crisis is worsening.

“People aren’t prepared to pay too much today for tomorrow’s earnings given uncertainties at the moment,” Tim Schroeders, who helps manage $1 billion in equities at Pengana Capital Ltd. in Melbourne. “Against the backdraft of high unemployment rate and disappointing economic growth, Bernanke made the right move.”

While the slumping housing market and financial-market volatility still pose challenges for the economy, Bernanke said that his view of the long-term outlook is “more optimistic.” The central bank will hold a two-day policy meeting starting Sept. 20 to “allow a fuller discussion” of the slowing economy and the central bank’s possible policy response, he said.

Global Stocks Rout

Extending next month’s policy meeting to two days stoked speculation the extra time may allow Bernanke to forge a stronger consensus on monetary policy amid growing dissent in the Federal Open Market Committee. St. Louis Fed President James Bullard said adding a second day to the September meeting allows more time to review easing options, though rising inflation may prevent action in the near term.

A global stocks rout wiped out more than $8 trillion in market value in the four weeks through Aug. 19 amid signs Europe’s debt crisis will spread and as concern grew that two rounds of government asset purchases and record-low interest rates fail to entrench an economic recovery in the U.S.

The world’s biggest economy expanded less than previously estimated in the second quarter and consumer sentiment this month fell to the lowest level since November, government reports on Aug. 26 showed. That contrasted with a separate report two days earlier that showed durable-goods orders and home prices that beat economists’ estimates.

‘Depressed Valuations’

The MSCI Asia Pacific Index declined 13 percent this year through Aug. 26. Valuations on the gauge fell to an average 11.8 times estimated earnings on Aug. 22. That’s the lowest since December 2008 when equity markets tumbled as the global recession deepened amid a credit crunch that followed the collapse of Lehman Brothers Holdings Ltd. in September 2008.

“The data has been mixed,” said Ng Soo Nam, the Singapore-based chief investment officer at Nikko Asset Management Co., which oversees about $154 billion. “Bernanke hasn’t announced QE3 because there is no need for it at the moment. The situation isn’t as bad as the stock market has factored in. There is scope for a rebound given such depressed valuations.”

--Editors: Nick Gentle, Ven Ram


So you all still waiting fore durian to drop??....start buying & reap the rewards.

UOADEV go go gooooooooooooooooo

Good for you brother, you are buying at the rock bottom price......good luck to you.

Well, I cannot force you as I leave you to decide.

So in the same way buy UOADEV...it's going to shoot sooner or later.