Friday 1 July 2016

SGX Stock Tips : Concerns over UOL's UK exposure 'overdone' (CIMB)


SINGAPORE (July 1): CIMB Research is keeping its 'add' recommendation on UOL Group, but with a lower target price of $8.06 from $8.26 previously.

In a Thursday report, analysts Lock Mun Yee and Yeo Zhi Bin say the drastic revision of the group's price target is due to the realisation that concerns over UOL's UK exposure had previously been overstated.

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