research report - uoadb

There is a recent (Feb 26 2014) research report issued by CIMB available here:

https://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=web&cd=6&cad=rja&uact=8&ved=0CEkQFjAF&url=https%3A%2F%2Fcimbequityresearch.cimb.com%2FEFAOnTheWeb%2FEFAWebAPI%2FGetDocPDF.asp%3FDocGUID%3D907E11B7-AC89-4D25-95CE-7B0C943802F5%26A%3DCIMB&ei=6ksyU9ryFc2ElQWQpYHoDw&usg=AFQjCNFEiQ9qJgoBcsTyRaCryep3o8tV2g&bvm=bv.63738703,d.dGI

Terence Wong has traditionally had a pretty good handle on UOADB's sales, revenues & profits (believe it or not, his NPAT forecast for 2013 was only 1.2% out in the April 6th 2012 update - 18 months in advance...)

Interestingly, he is forecasting a relatively flat sales (RM2.04b in 2014 versus RM2.02b for 2013), but expecting a 10% increase in revenues and a 15.3% increase in NPAT.

For UOS itself, at the parent level, rentals from the REIT will probably increase a little again this year, then there is the Myanmar development, which is the wildcard and which I hope to see more detail regarding when the Annual Report is released in the next few days.

With Terence forecasting a 15% rise in UOADB's profits, my 9.6cps forecast for UOS's 2014 earnings feels like it could be too conservative (just the way I like it...) - Eternalgrowth