KUALA LUMPUR: RHB Research is keeping its fair value for UEM Land at RM2.18 and maintaining it as a market perform.
It said on Tuesday UEM Land will develop 678.7 acres of land in Desaru on a 51:49 JV basis with Desaru Development Corp (a unit under Khazanah). The land is disposed of at a market value of RM485.3mil.
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