UOL Group delivered a strong FY11 (in line) following yoy growth in all segments in FY11, with development revenue up 67%. Hotel revenues rose 11% yoy with Singapore RevPAR up 8%. Strong hotel indicators and recent office deals provide the share price drivers. Maintain Outperform, Target price S$5.31.
Source: CIMB TraderAM - 27th Feb 2012
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