The 20 Sept announcement from UOS that its application for listing on the Malaysian Stock Exchange has been accepted, I believe, is the best news in the history of this company. When UOS lists in Kuala Lumpur there will be zero discount for sovereign risk so the company is likely to trade much closer to (if not above) its NTA and on a similar P/E ratio to other property developers in Malaysia. When you consider that UOS is expecting EPS of approx 32c per share and has a NTA of $2.57- one would expect the share price of UOS in both Australia and Malaysia to be in the $2.50-$3.50 range once Malaysian institutions cotton on to the massive price disparity. This will happen over the next couple of months! UOS today at $1.30. And look at depth! Thoughts people?
