[New post] CIMB: UOA Development – Reduce TP RM1.68

alanyeo posted: " New project supported 1Q22 property sales ■ 1QFY22 core earnings came in above our expectations on lower-than-expected operating costs, down 34% yoy on weaker revenue.■ 1Q22 new property sales stood higher yoy at RM102.9m, largely driven by itsLaurel " Alpha Edge Investing CIMB: UOA Development – Reduce TP RM1.68 alanyeo May 31 New project supported 1Q22 property sales ■ 1QFY22 core earnings came in above our expectations on lower-than-expected operating costs, down 34% yoy on weaker revenue.■ 1Q22 new property sales stood higher yoy at RM102.9m, largely driven by itsLaurel Residence project launched in mid-Mar 2022.■ Downgrade to Reduce in view of its rich P/BV valuation vs. […] Read more of this post Comment Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2022/05/31/cimb-uoa-development-reduce-tp-rm1-68/ Powered by WordPress.com