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alexchia01 ( Date: 20-Jul-2010 14:09) Posted:
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United Engineers sells UE Print Media Hub for $51m
| WRITTEN BY THE EDGE | |||
| TUESDAY, 01 FEBRUARY 2011 14:19 | |||
United Engineers says it has sold its industrial property, UE Print Media Hub, for $51 million. UE Print Media Hub, located at 61 Tai Seng Avenue, is a five-storey modern industrial building with a basement carpark developed and constructed by the group. It received its temporary occupation permit in June 2007 and has a net lettable area of about 254,752 sq ft across a site area of 131,577 sq ft.
/edge |
United Engineers Limited (the “Company”) announced that a Preliminary Prospectus relating to the Proposed Offering and listing of its E&C Business has been lodged with the Monetary Authority of Singapore (“MAS”) today. With the lodgement of the Preliminary Prospectus, UE E&C Ltd. will commence its roadshow presentations and meetings with institutional investors to assess the demand for the shares in UE E&C Ltd. The Company’s decision to proceed with the Proposed Offering will, among other things, be subject to investor demand and prevailing capital market conditions.
/sgxmasnet/
CIMB Technical Comment - recommends SELL
• The stock is forming a large bearish wedge pattern that started from the Feb
2009 lows. Prices are now trading just below its wedge resistance at S$2.80-
2.83.
• Its indicators are still positive but they are showing signs that the uptrend is
slowing down. Hence, prices could still push a tad higher into the S$2.80-2.83
levels in the near term.
• However, we think it is time to get off as the train is likely coming to a halt.
Traders may opt to sell on strength, preferably near the resistance mentioned.
Closing the S$2.60-2.67 gap is likely a good signal that suggest the correction
towards the wedge support line at S$2.45 is underway.
Life Is Great
| United Engineers +2.7%; Unit listing in focus |
| WRITTEN BY DOW JONES & CO, INC | |||
| THURSDAY, 02 DECEMBER 2010 11:01 | |||
United Engineers (U04.SG) +2.7% at $2.67 on potential one-off gain from proposed listing of engineering & construction unit in Singapore.
/theedgesingapore/icameireadipostedfyionly/ |
Tmr must buy fast !! this one really uncover gem !! 6 months profit already 24 cents per share !!
NEWS RELEASE
United Engineers Net Profit Up More than 200%
to $62.4 million at Half Year
SINGAPORE, 12 August 2010
by 33% to $418.8 million for half year ended 30 June 2010 (“H1 2010”) mainly due to progressive
recognition of revenue from property sales. In H1 2010, the Group’s net profit increased more
than 200% to $62.4 million.
Revenue from property development and leasing increased 135% to $160.5 million in Q2 2010
and 117% to $294.7 million in H1 2010. This was mainly due to progressive recognition of
revenue from property sales at
increased 102% to $42.2 million in Q2 2010 and 122% to $76.1 million in H1 2010.
Revenue from Engineering & Construction fell 14% to $93.3 million in Q2 2010 and 6% to $183.0
million in H1 2010 due to stringent job selection. Operating profit was $2.9 million compared with
$7.2 million in Q2 2009, and $8.2 million compared with $5.2 million in H1 2009.
As at 30 June 2010, the Group’s cash position was $289 million and gearing ratio was 0.57x.
In May, the Group won an executive condominium land plot at Sengkang East Avenue/Buangkok
Drive for $176 million. In July, the Group also announced that it will be developing a $550 million
retail-cum-hotel building at 277 Orchard Road (the former
and project managing a retail-cum-office development diagonally across at 218 Orchard Road
(the former
building and infrastructure projects over the next 12 months.
Today is a good day to Buy UE.
It's getting difficult to find good companies that have not Run yet.
I found UE after a lot of search and I couldn't believe people has miss this counter.
But not for long, yesterday, there was a huge surge in volume and I believe it already starting to Run.
1. Price is touching MA30 line, which is a good sign that its moving to Bull Territory.
2. MACD just crosses, but have not move up much. There is still time for entry.
3. Stochastic moving up fast and about to cross 50% mark. Momentum is building up.
4. RSI just crosses 50%, also another Bullish sign.
5. UE's Revenue, Profit and Cash Flow are pretty good. All increase Quarter to Quarter and Year to Year.
6. OCBC just brought a huge stack in UE in late June, a good sign of confidence.
7. UE just got a loan of $374m to redevelop hotels and retail properties in Singapore. Good future earning coming.
8. Support level at 2.13 and Resistance at 2.37.
This is my personal analysis, you invest at your own risk.
Good luck to all.