KUALA LUMPUR: Shares of property developer UOA Development crossed the RM2 level in early trade on Tuesday, the first time since August 2011.
At 9.20am, it was up one sen to RM2. There were 131,600 shares traded at prices ranging from RM1.97 to RM2.
The FBM KLCI was up 5.67 points to 1,649.56. Turnover was 67.63 million shares valued at RM64.81mil. There were 115 gainers, 52 losers and 136 counters unchanged.
CIMB Equities Research, had in its February report on the FY2012 results of UOA Development, said they were very close to its forecast and 4% above consensus.
It said the group chalked up RM1.71bil in new sales, beating its target by a hefty 71%. We believe it is on track to repeat this performance in 2013.
"We tweak our EPS forecasts while raising RNAV from RM2.81 to RM2.88 for housekeeping purposes. This raises our target price which is based on a 30% discount to RNAV," said the research house.
KUALA LUMPUR: Shares of property developer UOA Development...
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57.0¢ |
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Mkt cap ! $190.0M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 57.0¢ | 56.0¢ | $104.6K | 186.3K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 64600 | 56.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 57.0¢ | 17922 | 2 |
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