Yesterdays Q2 release for UOADB indicates a business that is tracking very nicely.
Highest first half property sales (MYR806.7m) were the highest since 2013. Unbilled sales (RM1.68b) have grown to the highest level in 3 years and bode well for future years revenues and profits.
Other income is running +19.4% year on year. The 'Other income' line now covers off all costs for operating the business.
The weak margins from Q1 (32.2% - still better than any other Malaysian developer...) have improved to 55.2% in Q2 (46% YTD).
The UOS 69.4% share of UOADB's NPAT for H1/18 was RM114.08, which is AU$38.13. The UOS share of the UOAREIT profit is about AU$1.17m.
Given the guidance for NPAT of AU$43m NPAT for the half, the head company generated profits of only about $3.7m from the Perth & Ho Chi Minh developments. This figure should grow meaningfully in coming years.
The portfolio-wide revaluation is done every 3 years and will be completed in 2018 too, but given the relatively weak KL market over the past few years, the spectacular revaluation gains that have been seen previously are unlikely this year - Eternalgrowth
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Last
65.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $227.9M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2749 | 63.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.0¢ | 4400 | 1 |
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| Last trade - 16.21pm 16/09/2025 (20 minute delay) ? |
| UOS (ASX) Chart |
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