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Finance

UOL Group Ltd.

Company Background

UOL Group is one of Singapore's leading property developers. Its major shareholders are United Overseas Bank (UOB), one of the country's three major banking groups, and the founding Wee family, which together own a stake of about 40%. The group is led by CEO Gwee Lian Kheng, who has been with the organization since 1973.

UOL was founded in 1963 as Faber Union. In 1975, it received its current name after being purchased by UOB in 1973. Its business includes developing and managing residential properties, shopping malls, office buildings and hotels, many of them in prime areas of Singapore. UOL has been expanding into Malaysia and China in recent years. It acquired a 100% stake in global hotel chain Pan Pacific Hotels Group in 2007. UOL then merged its existing hotel chain, operated under the Parkroyal brand, with Pan Pacific. The group now operates over 30 hotels in Asia, Oceania, and North America under two brands. UOL recently made a foray into the U.K. In August, the group acquired a site for hotel, residential and retail development in London. The hotel will be operated under the Pan Pacific brand.

Business Summary

UOL Group Ltd. engages in the investments in properties, subsidiaries, associated companies, and listed and unlisted securities. It operates through the following segments: Property Development, Property Investments, Hotel Operations, Investments, Technology Operations, and Management Services. The Property Development segment refers to the development of properties for sale. The Property Investment segment includes the leasing of commercial properties and serviced suites. The Hotel Operations segment operates owned hotels. The Investments segment invests in quoted and unquoted financial assets. The Technology Operations distributes computers and provides systems integration and networking infrastructure services. The Management Services segment offers hotel management services. Its portfolio includes residential units, office towers and shopping malls, hotels, and serviced suites. The company was founded in 1963 and is headquartered in Singapore.

Financial Highlights

Dec 2020 SGDUSD
Revenue1,977.14M1,433.35M
Gross Profit727.58M527.46M
Operating income540.75M392.02M
Income before tax118.31M85.77M
Net income13.14M9.52M
EBITDA658.63M477.48M
Diluted EPS0.010.01
Dividends Per Share0.150.10
Total Assets20,373.49M15,415.19M
Total liabilities6,272.34M4,745.84M
Total equity9,788.14M7,406.00M
Operating cash flow548.78M397.84M
Currency in SGDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 1,440.73M 2,114.37M 2,397.34M 2,283.34M 1,977.14M
Gross Profit 485.01M 705.43M 1,031.63M 1,045.62M 727.58M
Operating income 343.97M 512.89M 815.39M 830.85M 540.75M
Income before tax 221.98M 1,037.66M 684.09M 782.29M 118.31M
Net income 287.04M 880.23M 418.30M 478.81M 13.14M
EBITDA 410.58M 644.17M 991.79M 1,021.50M 658.63M
Diluted EPS 0.35 1.07 0.49 0.56 0.01
Dividends Per Share 0.15 0.17 0.17 0.17 0.15
Total Assets 11,558.14M 19,632.50M 20,620.35M 20,653.77M 20,373.49M
Total liabilities 2,922.77M 5,478.69M 6,186.71M 6,319.48M 6,272.34M
Total equity 8,127.15M 9,451.13M 9,621.05M 10,047.48M 9,788.14M
Operating cash flow 540.70M 929.42M -522.67M 998.06M 548.78M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 1,043.52M 1,531.62M 1,776.72M 1,673.76M 1,433.35M
Gross Profit 351.29M 511.00M 764.56M 766.47M 527.46M
Operating income 249.14M 371.53M 604.30M 609.03M 392.02M
Income before tax 160.77M 751.66M 507.00M 573.44M 85.77M
Net income 207.90M 637.63M 310.01M 350.98M 9.52M
EBITDA 297.38M 466.63M 735.04M 748.79M 477.48M
Diluted EPS 0.25 0.77 0.36 0.41 0.01
Dividends Per Share 0.10 0.12 0.12 0.12 0.10
Total Assets 8,000.37M 14,690.58M 15,128.65M 15,359.96M 15,415.19M
Total liabilities 2,023.10M 4,099.59M 4,539.03M 4,699.72M 4,745.84M
Total equity 5,625.49M 7,072.08M 7,058.73M 7,472.18M 7,406.00M
Operating cash flow 391.63M 673.26M -387.36M 731.61M 397.84M

Valuation Measures

Dec 2020
PER494.23
ROA0.06%
ROE0.13%
Operating margin27.35%
Profit margin0.66%

Key executives

  • Group CEO & Non-Independent Executive Director: Wee Sin Liam
  • Chief Financial Officer: Bing Seng Kwa
  • Chief Investment Officer & Chief Asset Officer: Hwee Peng Goh
  • Senior General Manager-Property & Engineering: Weng Khoon Chan
  • Deputy General Manager-Internal Audit: Bin Hong Yeo

Shareholders

  • WEE FAMILY (29.0%)
  • Haw Par Corp. Ltd. (8.5%)
  • United Overseas Bank Ltd. (Singapore) (7.0%)
  • Silchester International Investors LLP (5.0%)
  • First Eagle Investment Management LLC (2.0%)
  • The Vanguard Group, Inc. (1.7%)
  • BlackRock Fund Advisors (1.2%)
  • Norges Bank Investment Management (0.9%)
  • BlackRock Advisors (UK) Ltd. (0.5%)
  • PineBridge Investments Asia Ltd. (0.4%)

Contact Details

  • Website:http://www.uol.com.sg
  • Address: No. 33-00, United Square, 101 Thomson Road, Singapore, 307591, Singapore
  • Phone: +65.6255.0233

Related Companies

  • UOL Investments (Australia) Pte Ltd.
  • Secure Venture Investments Ltd.
  • UOL Ventures Holdings Pte Ltd.
  • UOL Retail Management Pte Ltd.
  • UOL Development (Amber) Pte Ltd.
  • UOL Somerset Investments Pte Ltd.
  • United Venture Development (Clementi) Pte Ltd.
  • Parkroyal Kitchener Hotel Pte Ltd.
  • UOL Development (Sengkang) Pte Ltd.
  • UOL Residential Development Pte Ltd.
  • Hotel Investments (Suzhou) Pte Ltd.
  • Secure Venture Development (Simei) Pte Ltd.
  • UOL Venture Investments Pte Ltd.
  • Success Venture Pty Ltd.
  • UOL Claymore Investment Pte Ltd.
  • UOL Treasury Services Pte Ltd.
  • YIPL Investment Pte Ltd.
  • Vista Development Pte Ltd.
  • Duchess Walk Pte Ltd.
  • Flamegold Pte Ltd.
  • Novena Square Investments Ltd.
  • UOL Capital Investments Pte Ltd.
  • UOL Development Pte Ltd.
  • UOL Development (Dakota) Pte Ltd.
  • Pan Pacific Hotels & Resorts Pte Ltd.
  • Promatik Emas Sdn. Bhd.
  • UOL Overseas Development Pte Ltd.
  • UOL Overseas Investments Pte Ltd.
  • UOL Tiong Bahru Plaza Pte Ltd.
  • UOL Property Investments Pte Ltd.

Competitors

  • CapitaLand Integrated Commercial Trust
Last Updated on 14 Jan, 2022

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