Higher occupancy rates a boon for UOA

PETALING JAYA: UOA Development Bhd’s investment properties business is expected to drive earnings slightly in the coming quarters, premised on higher occupancy rates, according to RHB Research.

“While construction works and, as such, billings from ongoing projects are progressing as usual, the research house expects the recurring income from the group’s newer office assets to pick up further in the coming quarters.