Posted by Mat Cendana > 2012-03-24 00:36 | Report Abuse

OSK Research 8/6/2011 report: "Fair Value of UOA Development is 3.57".

Posted by quyen850906 > 2012-03-24 09:12 | Report Abuse

UOADEV is undervalue stock in property

Posted by andyteng > 2012-03-24 11:19 | Report Abuse

Really agree:-) it never break rm1.6

Posted by aunloke > 2012-03-24 15:06 | Report Abuse

A good buy of a stock is after buying it you don't mind it drops further for you can buy some more.
I think UOADEV is one, with its cash, projected good sale and good payout (after all, most analyst said that FY 2012 should be better than 2011 and 2013 better than 2012 during its IPO) it should have certain intrinsic value even the market drops badly. If it is slow moving forget about its price just count on div. No doubt the IPO is overvalue but it has been discounted about 50%, it may not move but it's quite save at this lever.

Posted by aunloke > 2012-03-24 15:40 | Report Abuse

If it is safe to buy at this price it would be even better when the price drops

Posted by chong > 2012-03-24 15:40 | Report Abuse

UOADEV is actually a money making company...solid I should say but why it's price never seem to move further up I cannot understand. A undervalue counter that's for sure. Actually it's profit margin for every project is about 60% which is the highest than the rest of the pack...moreover strong buyback too.

Posted by JimYeoh > 2012-03-24 15:47 | Report Abuse

Maybe too many weak holders

Posted by aunloke > 2012-03-24 20:04 | Report Abuse

I think I may have found the reason: if you take away the fair value adjustment from properties investment from the net income in the pro/loss acc.for this year the net profit is much lower, so for FY 2012 there may not be such value to enhance the net profit therefore lower EPS for FY2012. My estimate is at most 20cts if without the added value.

Posted by aunloke > 2012-03-24 20:16 | Report Abuse

Btw, what is this fair value adjustment from properties investment? Is it the revaluation of the properties?

Posted by angkor > 2012-03-26 10:39 | Report Abuse

AGM is getting near where they will approve the 0.10 dividend?

Posted by JimYeoh > 2012-03-26 11:51 | Report Abuse

When the agm date?

Posted by angkor > 2012-03-26 15:22 | Report Abuse

I do not know when is the AGM going to be. Today there is some movement. Hinting that the AGM is around the corner? Last month before they announce the Q42011 result it shoot up as well. When they approve the dividend then should be another rise.

Posted by juicy > 2012-03-26 15:26 | Report Abuse

agm in may

Posted by Newb > 2012-03-26 16:18 | Report Abuse

when is the ex div date for this share?

Posted by AB RAZAK AB LAH > 2012-03-26 16:48 | Report Abuse

mana ada dividen UOA?

Posted by Newb > 2012-03-26 17:53 | Report Abuse

cannot fly high.. too many weak holders.. rise abit all offload

Posted by Mat Cendana > 2012-03-26 19:08 | Report Abuse

Ab Razak: Ada, 10 sen. Tapi kena tunggu AGM approve dulu.
aunloke: I'm of the same opinion too. At this price, the downside risk is very low. At the same time, as quite a few have pointed out, there seems to be an obstacle at 1.60. But maybe most of the weak holders have already sold(?) Good turnover today. I feel if it gets past 1.60, it should go to near 2.00 again. That 10 sen dividend is crucial - if we get that, buying it at this price and keeping for a while looks like a reasonable move.

Posted by aunloke > 2012-03-26 20:21 | Report Abuse

From the UOADEV income statement the net income of 384M is with the value of 205M as the fair value adjustment from the properties investment. I think this is a one off added value( I'm not sure, can anyone help?), so next year net income without this value will be much lower . This may be the reason that it remains at this level

Posted by theews82 > 2012-03-27 11:31 | Report Abuse

this question has been highlighted by one of the user at investalk to the management, and the management has replied with. 以下是我问bursa的问题：回复我的是，KWYAP CORPORATE SERVICES SDN. BHD. (814680-A)应该是帮UOA做account的，
Dear Sir or Madam,
I had read through Financial result for the UOADEV
inancial Year End : 31/12/2011
Quarter : 4
Report Status : Unaudited



In the income statement there is a Fair value adjustment on investment properties RM 113,463,000. since it just a fair value adjustment, it shouldn't include in income statement.
Second, the cumulative profit for 2011is RM400,573,000. the EPS stated as 139 cents. as i know the total share issue is 1195860000 unit, the EPS sure be , RM400,573,000/ 1195860000= RM0.3350 or 33.50 cents. how could it EPS be 139 cents? 净盈利应该是384,809,000哈哈。

回复：
In regards to your first query, the Company was in compliance with Financial Reporting Standard 140 (“FRS 140”) : Investment Property, whereby under Paragraph 32A and 33 of FRS 140, an entity may choose either the fair value model or the cost model for all investment properties and after initial recognition, an entity that chooses the fair value model shall measure all of its investment property at fair value. Pursuant to Paragraph 35 of FRS 140, a gain or loss arising from a change in the fair value of investment property shall be recognised in the profit or loss for the period in which it arises.

As the Company has adopted the fair value model, the gain arising from the fair value of our investment properties of RM113 million has been recognized in the Income Statement in compliance with FRS 140.
回复：
In regards to your second query, the Company was in compliance with Financial Reporting Standard 133 (“FRS 133”) : Earnings per share, whereby Paragraph 10 of FRS 133 states that Basic Earnings per Share shall be calculated by dividing profit or loss attributable to ordinary equity holders of the parent entity by the weighted average number of ordinary shares outstanding during the period*. The Company’s weighted average number of shares during the period was 276,165,120, derived as follows:


Therefore our EPS has been calculated as follows:
Profit attributable to owners of RM384,806,000 = 384,809,000 =1.39
Weighted average no. of shares 276,165,120
This has been disclosed in Section B13 of our Q4 announcement.
* The weighted average number of shares is calculated by taking the number of outstanding shares and multiplying the portion of the reporting period those shares covered, doing this for each portion and, finally, summing the total

We trust the above answers have addressed your queries


source:http://www.investalks.com/forum/viewthread.php?tid=7819&extra=page%3D1&page=10

accordingly.

Posted by Mat Cendana > 2012-03-27 11:38 | Report Abuse

@theews82: Thanks for the information and link.

Posted by aunloke > 2012-03-27 13:39 | Report Abuse

TQ theews82, we are now in a better position to estimate its next year profit. Let's see its next few quarters first before we make any prediction, meanwhile just wait and collect the dividend to reduce our cost.

Posted by chong > 2012-03-27 16:11 | Report Abuse

UOA Development (UOAD MK; RM1.48) – BUY
FY13P/E: 5.3x, P/BV: 1.0x
 UOA has been stuck in a sideways band since hitting a low of RM1.16 in September last year. This sideways movement appears to have formed a triangle pattern.
 MACD is just flat above the zero line while its RSI is holding above the 40pts mark. Both are at neutral level but above their respective support levels.
 Any more rallied into the said resistance band is a chance to sell. Aggressive traders may choose to go long here with a stop placed below RM1.42. Anything below would signal that the longer term bear trend has resumed. A breakout above RM1.52 would push prices to retest the RM1.56 and even the RM1.74 levels next.

Posted by newb > 2012-03-27 16:17 | Report Abuse

Means shud we hold on? Possible to rise more?

Posted by newb > 2012-03-27 16:18 | Report Abuse

And when is ex div date

Posted by chong > 2012-03-27 17:24 | Report Abuse

Brother newb, please wait for the forthcoming AGM to announced the date....so please be patient.

Posted by bryan_su > 2012-03-27 17:38 | Report Abuse

no use la, that cimb report technical buy call on uoadev and wtk. WTK already up.... UOA -0.01..

Posted by chong > 2012-03-28 03:51 | Report Abuse

Good earnings & the added revaluation of it's properties and also with the strong buyback of share should make UOADEV a good counter to hold...please remember that the 10 cents dividend will be announced in the soon to be announced AGM...so stay tune.

Posted by newb > 2012-03-29 11:34 | Report Abuse

Lol chong looks like ur prediction wrong dy haha

Posted by chong > 2012-03-29 11:38 | Report Abuse

The research is by CIMB and me but I guess we have to hold a little longer until the 10 cents dividend is announced & then we may see some fireworks.

Posted by tansrihew > 2012-03-29 11:38 | Report Abuse

chong may be right. look at the share buy back from its parent company UOA (aust).

Posted by chong > 2012-03-29 11:44 | Report Abuse

Yes, the shares buy back is strongly supported and so we have less to worry....now see the details of shares buyback below...


Monday, 26 Mar 2012

5:26PM UNITED OVERSEAS AUSTRALIA LIMITED (50,000 Shares Acquired)
5:26PM UOA HOLDINGS SDN BHD (50,000 Shares Acquired)

Tuesday, 20 Mar 2012

5:15PM UNITED OVERSEAS AUSTRALIA LIMITED (408,000 Shares Acquired)
5:15PM UOA HOLDINGS SDN BHD (408,000 Shares Acquired)

Friday, 16 Mar 2012

5:11PM UOA HOLDINGS SDN BHD (300,000 Shares Acquired)
5:11PM UNITED OVERSEAS AUSTRALIA LIMITED (300,000 Shares Acquired)

Wednesday, 14 Mar 2012

5:17PM UNITED OVERSEAS AUSTRALIA LIMITED (321,500 Shares Acquired)
5:16PM UOA HOLDINGS SDN BHD (321,500 Shares Acquired)

Tuesday, 6 Mar 2012

5:19PM UNITED OVERSEAS AUSTRALIA LIMITED (50,000 Shares Acquired)
5:19PM UOA HOLDINGS SDN BHD (50,000 Shares Acquired)

Monday, 5 Mar 2012

5:16PM UNITED OVERSEAS AUSTRALIA LIMITED (100,000 Shares Acquired)
5:16PM UOA HOLDINGS SDN BHD (100,000 Shares Acquired)

Thursday, 1 Mar 2012

5:18PM UNITED OVERSEAS AUSTRALIA LIMITED (100,000 Shares Acquired)
5:18PM UOA HOLDINGS SDN BHD (100,000 Shares Acquired)

Wednesday, 29 Feb 2012

5:50PM UNITED OVERSEAS AUSTRALIA LIMITED (150,000 Shares Acquired)
5:50PM UOA HOLDINGS SDN BHD (150,000 Shares Acquired)

Posted by akira > 2012-03-29 13:04 | Report Abuse

actually the buy back isn't much?

Posted by Mat Cendana > 2012-03-29 23:17 | Report Abuse

Went down 3 sen today to 1.42, which makes it even more attractive if the 10 sen dividend is approved. Kenanga's TP is 1.65. The main problem seems to be weak holders who'd sell every time it goes up a bit. But eventually there won't be many of them left and the price should go to a higher level. At 1.42, it's definitely not at a sucker's price.

Posted by JimYeoh > 2012-03-29 23:26 | Report Abuse

Good time to accumulate more?

Posted by kueyteowlou > 2012-03-29 23:33 | Report Abuse

Bro chong is not predicting, but just sharing his view... Believe or not just depend on you.. hahahaha he is just sharing his effort.. * Thumbs Up *

Posted by investor77 > 2012-03-29 23:52 | Report Abuse

more chance of going up or down? Past few days, quite a no of shares going on downtrend,e.g. Benalec, Malton, ECM, Dialog.

sometimes , wonder if worth to put more money to ave down!!

Posted by chong > 2012-03-30 02:17 | Report Abuse

Yes, brother investor77, quite a number of good counters had gone down indeed because of the weak & bad market. Good counters are not spared either too as traders appears uncertain & prefer to cut loss instead of holding. We just had to hold until the 10 cents dividend is announced & then it may shoot....just be patient please.

Wonder too why with the excellent Financial Results of year end net profit 384.806 million , still people don't appreciate the value of UOADEV? If it had been E&O, SPSetia or others in the same pack, the price will shoot.In fact UOADEV net profit of $384 is much higher than SPSetia too.


UOADEV had some big projects going including Bangsar South which is a fully integrated residential cum commercial enclave. Please see snapshot enclosed..


http://i5.photobucket.com/albums/y193/chongwah/bangsar_south.png

http://i5.photobucket.com/albums/y193/chongwah/bs.png

Then it have too the much talk Binjai 8..... a Premium Service Suites development dubbed as “City Home - Suites” is UOA’s latest freehold project strategically located within the vicinity of the internationally acclaimed KLCC. It’s a 40-storey state-of-the-art building nestled on the last piece of prime land along Lorong Binjai (behind Nikko Hotel) which comprises 310 units of premier integrated concept executive Service Suites with exclusive modern business facilities and amenities. Binjai 8 is just within walking distance to Ampang LRT Station, KLCC Park, world class shopping malls, hotels and restaurants and a host of other cosmopolitan exclusivities and convenience.

Please see snapshot please..


http://i5.photobucket.com/albums/y193/chongwah/binjai_8.png

..more to follow after this..

Posted by chong > 2012-03-30 02:37 | Report Abuse

....there's more from UOADEV with more projects as follows...

1. ONE @ BUKIT CEYLON......Hotel Suites

Nestled in the epicentre of KL’s Golden Triangle, One@Bukit Ceylon is the most prestigious address at the heart of Changkat Bukit Bintang that offers exceptional hotel-style living right in the city’s premier lifestyle enclave.

http://i5.photobucket.com/albums/y193/chongwah/one_bc.png


2. THE HORIZON PHASE 2 ...13- to 20-storey Boutique Offices

The Horizon Phase 2 comprises 8 blocks of exclusive boutique
offices ranging from 14-20 storey high with built-up (GFA) of
123,500s.f to 235,000s.f. These towers are to be sold or rented out
en bloc with added incentive of exclusive naming rights.

http://i5.photobucket.com/albums/y193/chongwah/horizon_2.png


3] CAMELLIA SERVICED SUITES...Camellia is part of the exclusive homes within The Park Residences enclave where residents can experience the virtue of holistic grandeur living.

Only minutes away from Mid Valley, PJ and the entertainment hub of Bangsar, Camellia is truly a gem that provides inspired living amidst luxurious pampering. Be one of the select few to own this prestigious address.

http://i5.photobucket.com/albums/y193/chongwah/__CAMELLIA_.png


4]LE YUAN RESIDENCE....Condominium

Located off Old Klang Road with excellent accessibility, Le Yuan Residence offers you a new home with beautiful beach front right at your doorstep. Life at Le Yuan Residence is blissfully pleasing, a home blessed with happiness and joy.

The Resort Deck @ Le Yuan Residence - One of the largest in KL and the Klang Valley, the Resort Deck features 3.5 acres of fun and leisure all day long where you can explore the endless activity possibilities with your family and friends. Immerse yourself in the refreshing water or lay on the beach and bask in the morning sun with our spectacular Beach Front.

http://i5.photobucket.com/albums/y193/chongwah/ly_residence.png


...more to follow next

Posted by chong > 2012-03-30 03:03 | Report Abuse

5] DESA EIGHT...Condominium

A prestigious development in the heart of Taman Desa, Kuala Lumpur, DESA EIGHT is a beautiful expression of modern living with space, privacy and luxury features. It is designed to fit the alluring lifestyle of individuals who crave for exclusivity and style. From its imposing architecture, well-defined interiors, to the quality amenities, the emphasis on convenience and uniqueness defines it as a personal sanctuary par excellence.


http://i5.photobucket.com/albums/y193/chongwah/desa_8.png


6]SETAPAK GREEN....26-Storey Condominium

Located within 5 minutes from Kuala Lumpur City Centre (KLCC), Setapak Green is a 26-storey residential enclave that is thoughtfully designed with the concept of space, harmony and rejuvenation in mind.

http://i5.photobucket.com/albums/y193/chongwah/SETAPAK.png


7] THE PARK RESIDENCES...The Park Residences with seven soaring residential towers stand magnificently against the bustling backdrop of Kuala Lumpur skyline. Both Acacia and Begonia condominium blocks are part of the exclusive homes with luxury condo facilities offered within The Park Residences enclave where residents also would have enjoyed multiple conveniences within the Vibrant City of Bangsar South upon fully developed.

http://i5.photobucket.com/albums/y193/chongwah/park_residence.png


8] THE SPHERE...YOUR SHOPPING PARADISE WITH VIBRANT ENTERTAINMENT & ENDLESS EXCITEMENT


The Sphere plays host to an exciting spectrum of retail outlets, restaurants and cafes. Enjoy a relaxing lifestyle experience surrounded by lush greenery and cooling water features.

http://i5.photobucket.com/albums/y193/chongwah/sphere.png

I had been holding this counter since last year & keeping for mid or long term. A dividend of 10 cents will mean we are getting a 7% return with our investment which is much higher than FD in banks.....and at least better dividend income than some Reits like Sunway Reits [6.5%], Axis Reits [6.3%], CMMT Reits [6.1%], Pavilion Reit [5.0%].

Who knows that UOADEV will grow into a giant like SPSetia, hee, hee, hee

Posted by JimYeoh > 2012-03-30 13:03 | Report Abuse

drop again..RM1.40.

Posted by newb > 2012-03-30 14:32 | Report Abuse

I wish i hv more cash now.. I wan to accumulate more

Posted by bryan_su > 2012-03-30 14:47 | Report Abuse

newb, do you want bank facilities, like personal loan, share margin, and house refinancing??

Posted by newb > 2012-03-30 15:26 | Report Abuse

Nope thx i don play leveraging :D

Posted by chong > 2012-03-30 15:28 | Report Abuse

Keeps me wondering why such a good solid counter making lots of money & still people throw away cheaply like there's no tomorrow, OMG.

Posted by perfect60 > 2012-03-30 15:32 | Report Abuse

this counter has got no volume so it's movement is free and easy can be up and can be down, unless some solid punters start to collect.

Posted by vevel > 2012-03-30 15:48 | Report Abuse

chong. we cant fathom the madness of man. thanks for sharing yr points.

Posted by bryan_su > 2012-03-30 15:48 | Report Abuse

the board of director must be very disappointment... they purpose 10cents dividend, and hope ppl will hold and appreciate it... but... no eye see!!

Posted by jacklew > 2012-03-30 16:09 | Report Abuse

perhaps property outlook isn't good for year 2012. even though with lots of projects coming up but demand is questionable as the property market is believed to be at its peak in last year.

Posted by newb > 2012-03-30 16:32 | Report Abuse

I wish i could scold those retard mofos tht simply sell off

Posted by angkor > 2012-03-30 16:48 | Report Abuse

Weak holders simply spoil the party