Union Steel   

Popiah King

 

The scrap metal recycler could benefit from the construction boom and sand woes, as more builders turn to the metal as an alternative building material. Singapore builders have been hit by sand and granite price increases following Indonesia's sand ban. The Building and Construction Authority has been encouraging more extensive use of steel.

Trading in structural steel and other steel products currently accounts for about 20% of the group's total revenue and Union Steel hopes to tap the construction boom by growing this trading arm. Despite the growing demand for structural steel, Union Steel said that although it is eager to increase its supply, its focus is still on its main business of recycling because it sees that the emphasis on recycling, due to factors such as the sand ban, will grow.

 

will someone share with me as to why this counter have all the negatives reports ???

 

On an uptrend now. But its very overbought.

After this surge dries out, I believe it will become a low volume stock again.

 

This counter has hit 25.5 on Friday. Volume is high. Anyone know what are the reason behind??

 

Generally low volume counter... not attractive to TA people.

 

It expands into e-waste recycling with Nikko Shoji Company, a unit of Nippon Mining, Japan's largest copper producer.

 

These 6 investors are Sam Goi Seng Hui, Super Coffeemix Manufacturing Ltd, Teo Kee Bock, Derek Goh Bak Heng, Ho Kian Huat and Te Kok Chiew.

 

I think investors view Sam Goi's investment as positive.

 

Hi sanye2006, you could hav made good kopi$$ because the counter is around 15c before any movement take place. Congrats!

 

Still don't understand why the share price went up. Anyway, I let go mine at .20.

 

oh! i see! tks nos!

 

Sam Goi is the Popiah King. Tee Yih Jia Food is his company.

 

 USHLpressrelease.pdf. Please refer to attachment. Mr Tee Y.J 

 

err, who is the popiah king??

 

Shares in Union Steel Holdings, a metal recycling company, hit a 52-week high after it said that three of its directors had agreed to sell 72.2 mln shares to six investors, dealers said.



Union Steel said executive directors Ang Yu Seng, Ang Yew Lai and Ang Yew Chye would sell the shares, equivalent to about 20.8% of the company, to six investors, including Tee Yih Jia Food Manufacturing Pte Ltd's Sam Goi and Super Coffeemix Manufacturing Pte Ltd.