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#SingaporeProperty -
Maybank Kim Eng 2017-01-11: Trend of narrowing margins could continue.

#UOL (BUY, TP SGD7.39), our top developer pick, could outperform as it offers decent returns from its large recurring income base and good development earnings visibility from a conservative residential portfolio.
The potential sale of #UnitedEngineers and #GlobalLogisticProperties could drive fund flow into the other three large-cap developers, #CAPL, #CIT and UOL, as investors redeploy capital within the sector.

#AnalystReport #SGinvestors
Singapore Property - Maybank Kim Eng 2017-01-11: Trend of narrowing margins could continue. UOL (BUY, TP SGD7.39), our top developer pick, could outperform as it offers decent returns from its large recurring income base and...
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