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Finance

UOL Group Ltd.

  • 6.93 SGD
  • +0.02
  • +0.29%
  • Singapore
    Aug 14, 2018
  • Ticker
    SES(U14)
  • Prev. close
    6.91
  • Market cap (SGD)
    5,821.85M
  • Market cap (USD)
    4,237.39M
  • Shares
    842.52M

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 business segments: Property Development, Property Investments, Hotel Operations, Investments, and Management Services. The Property Development segment refers to the development of properties for sale. The Property Investment segment includes leasing of commercial properties and serviced suites. The Hotel Operations segment operates owned hotels. The Investments segment invests in quoted and unquoted available-for-sale financial assets. The Management Services segment provides hotel management under the "Pan Pacific" and PARKROYAL brands and project management and related 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 2017 SGDUSD
Revenue2,103.15M1,523.49M
Gross Profit700.04M507.10M
Operating income509.83M369.31M
Income before tax931.38M674.68M
Net income891.00M645.43M
EBITDA641.11M464.41M
Diluted EPS1.080.78
Dividends Per Share0.170.12
Total Assets19,623.44M14,683.81M
Total liabilities5,477.15M4,098.43M
Total equity9,445.12M7,067.58M
Operating cash flow934.96M677.27M
Currency in SGDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 1,058.60M 1,360.71M 1,278.74M 1,440.73M 2,103.15M
Gross Profit 521.99M 581.17M 503.87M 485.01M 700.04M
Operating income 411.75M 452.89M 355.58M 343.97M 509.83M
Income before tax 745.60M 600.19M 294.70M 221.98M 931.38M
Net income 785.82M 685.99M 391.38M 287.04M 891.00M
EBITDA 470.58M 512.86M 422.81M 410.58M 641.11M
Diluted EPS 1.01 0.87 0.49 0.35 1.08
Dividends Per Share 0.20 0.15 0.15 0.15 0.17
Total Assets 10,421.44M 11,848.46M 11,501.28M 11,558.14M 19,623.44M
Total liabilities 3,194.47M 3,717.56M 3,100.16M 2,922.77M 5,477.15M
Total equity 6,759.69M 7,642.72M 7,894.17M 8,127.15M 9,445.12M
Operating cash flow 472.15M -436.52M 504.82M 540.70M 934.96M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 845.99M 1,073.97M 929.82M 1,043.52M 1,523.49M
Gross Profit 417.15M 458.70M 366.38M 351.29M 507.10M
Operating income 329.05M 357.45M 258.56M 249.14M 369.31M
Income before tax 595.85M 473.71M 214.28M 160.77M 674.68M
Net income 627.99M 541.43M 284.59M 207.90M 645.43M
EBITDA 376.07M 404.79M 307.44M 297.38M 464.41M
Diluted EPS 0.81 0.69 0.35 0.25 0.78
Dividends Per Share 0.15 0.11 0.10 0.10 0.12
Total Assets 8,253.95M 8,941.56M 8,107.20M 8,000.37M 14,683.81M
Total liabilities 2,530.07M 2,805.49M 2,185.29M 2,023.10M 4,098.43M
Total equity 5,353.79M 5,767.66M 5,564.56M 5,625.49M 7,067.58M
Operating cash flow 377.32M -344.53M 367.07M 391.63M 677.27M

Valuation Measures

Dec 2017
PER8.15
ROA5.71%
ROE10.14%
Operating margin24.24%
Profit margin42.36%

Key executives

  • Group CEO & Executive Non-Independent Director: Lian Kheng Gwee
  • Chief Financial Officer & Group Secretary: Thiam Fong Foo
  • Senior General Manager-Property & Engineering: Weng Khoon Chan
  • Senior General Manager-Investment: Wui Leung Ho
  • Deputy Group Chief Executive Officer: Wee Sin Liam

Shareholders

  • WEE FAMILY (27.7%)
  • Haw Par Corp. Ltd. (8.3%)
  • United Overseas Bank Ltd. (Singapore) (7.0%)
  • The Vanguard Group, Inc. (1.9%)
  • BlackRock Fund Advisors (1.2%)
  • Norges Bank Investment Management (0.8%)
  • JPMorgan Asset Management (Singapore) Ltd. (0.5%)
  • Fidelity Management & Research Co. (0.4%)
  • WEE CHO YAW (0.4%)
  • Dimensional Fund Advisors LP (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 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.
  • Pan Pacific Hotels & Resorts Pte Ltd.
  • Promatik Emas Sdn. Bhd.
  • UOL Overseas Development Pte Ltd.
  • United Venture Furnishings Pte Ltd.
  • UOL Overseas Investments Pte Ltd.
  • UOL Tiong Bahru Plaza Pte Ltd.
  • UOL Property Investments Pte Ltd.
  • UOL Equity Investments Pte Ltd.
  • Hotel Negara Ltd.
  • Pan Pacific Hotels Group Limited
  • United Industrial Corp. Ltd.

Competitors

  • Unique Hotel & Resorts Ltd.
  • CapitaLand Mall Trust
Last Updated on 14 Aug, 2018

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