$UOADEV / 5200 (UOA DEVELOPMENT BHD)
Research by MIDF
Neutral – TP RM1.93

“Higher Earnings from Investment Properties"

• 1QFY24 earnings within expectations
• Higher earnings from investment properties
• 1QFY24 new sales at RM120.9m
• Earnings forecast maintained
• Maintain NEUTRAL with a revised TP of RM1.93

Analyst:
Jessica Low Jze Tieng
jessica.low@midf.com.my