OCBC Investment Research in a Feb 4 research report says: “Residential property sales by UOL Group (UOL) in Singapore tapered off in 4Q09 with just 58 units sold, a sharp contrast to the 531 units sold in 3Q09. We attribute the steep decline to the depletion of inventories after the strong sales during the preceding two quarters as well as the cooling measures introduced by the government in 4Q09.
UOL Group rated buy
written by Editor on February 5th, 2010 |
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