$UOADEV / 5200 (UOA DEVELOPMENT BHD)
Research by MIDF
Buy - TP RM2.06

"Better New Sales Outlook For 2HFY24"

• 1HFY24 earnings within expectations
• Earnings supported by income from investment properties
• Better new sales outlook for 2HFY24
• Earnings forecast revised upwards
• Maintain BUY with an unchanged TP of RM2.06

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