UOS 0.88% 57.0¢ united overseas australia limited

The aussie peso is down about 5% against the MYR at 2.85 after a...

  1. 449 Posts.
    The aussie peso is down about 5% against the MYR at 2.85 after a long period of relative stability at around 3. Markets everywhere are fairly subdued at the moment, but from a long term perspective, UOS is still looking good to me. Nothing is risk free, but for 50c you can buy about 75c worth of tangible assets, with ongoing business supported by a solid project pipeline and substantial pre-sales. If the dollar keeps falling against the Ringgit, it only helps the result in dollar terms.
 
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