0637 GMT - UOL Group's potential restructuring of part of its portfolio into a real-estate investment trust could significantly boost the property developer's value, according to analysts at DBS Group Research. They estimate UOL Group could gain S$0.10-S$2.30 a share from unbooked gains and raise S$4.6 billion-S$7.8 billion in gross proceeds if it lists a hotel or commercial REIT. Investors will likely push UOL's shares higher under such a scenario, as seen with property peer Centurion when it listed its own REIT, the analysts say in a note. They raise their target price on UOL to S$13.00 from S$11.00 to reflect a higher revalued net-asset value and updated estimates for recent land purchases and capex requirements. Shares fall 0.5% to S$10.79. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
February 02, 2026 01:37 ET (06:37 GMT)
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