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chipchip66
you are correct. selling is an art.
haha, yah man, still more to learn about the art of selling...but anyway made profit liaoz...at least some consolation for me :-)
selling is an art! buying is the easier part!
sigh..sold mine and now it shoots to 3.86...less 200 bucks profit, talk about timing again...
just sold mine at 3.82....
I agree with singaporegal. But I think there may be some upside
two 35 storey towers of 158 condo units at tiong bahru ( The REGENCY ) developed jointly by UOL and UIC are on sale now.I guess Monday px can move up abit.
Trend is uncertain... the chart looks like its slightly favoring southward movement.
DBSV said it has raised its 12-month price target to $4.79 from $3.74, while maintaining its "buy" rating, in view of the upbeat outlook for the property developer.
"UOL's portfolio of hotel, office, retail and residential properties is well positioned to ride on the sector's upwave," DBS said in a client note.
The brokerage said UOL should also benefit from the booming hospitality sector in Singapore and the region through its 77.71% owned Hotel Plaza chain, which has been refurbishing its hotels.
DBS also noted UOL has raised its stake Marina Centre Holdings by 10% to 22.675, further enhancing UOL's asset value.
haha, chiong until last few mins drop back...looks like I have to be more patient for this counter...
chiong ar my UOL !!!
Managed to grab some at 3.74 yesterday just before market close. Good luck to those who are vested too...
oh great, up 2 cts when I am typying this note...talk about timing...:-P
sounds like a good counter to invest in now...drop of 4 cts today...chart looks bullish too...any comments by anyone else please?
CIMB-GK said it has raised its target price by 14% to $4.48 to factor in the higher valuations for its unit Hotel Plaza and associate UIC.
"Including the recently announced sale of its 50% stakes in Overseas Union House and Change Alley Aerial Plaza, UOL has sold five properties in a mere two weeks, raising $529m in total. With the money, we believe UOL could be looking at the privatization of 78%-held Hotel Plaza or a higher stake in UIC," CIMB-GK said in a note to clients.
"We continue to like UOL for its portfolio of quality investment properties and residential land bank," the brokerage said.
CIMB-Gk said it has lifted its 2006-2008 earnings estimates for UOL by 14-73% to factor in the divestment gains, as well as the higher selling price assumptions for its residential projects.
UOL another sale this week.50% of Clifford Development to Lippo Group for $212.3m.
OCBC said it has raised its target price to $4.04 from $3.60, while keeping its "buy" call on the stock, in view of its upbeat outlook for the firm.
"The investment case for UOL remains strong. It has exposure to all segments of the property market -- residential, hotel, office and retail. All its business divisions are doing well and UOL is likely to continue to do well in the current up cycle," OCBC said in a client note.
The research house has also increased its earnings estimates for the firm after UOL recently announced two divestments: the sale of 20-storey office block, Central Plaza, for $175m and Parkroyal Hotel for $141.2m.
"We have thus adjusted our forecast accordingly, revising up our 2006 and 2007 forecast by 55% and 64% to $187m and $202m, respectively," it said.
UOL has said it will use the sale proceeds to reduce debt.
However, OCBC believes there are opportunities for the firm to return some of it to shareholders.
UOL second sale in a week. It sold Central Plaza for $175m.
it appear to me WEE CY stable prefer to sell assets piece by piece if px is right rather than REIT. It is better for retail investor .
CIMB-GK has raised its target price by 5% to $3.94 after its 78%-owned Hotel Plaza announced it will sell its stake in Hotel Grand Plaza to Hong Kong's Park Hotel Group for $141.2m. Hotel Plaza is expected to book a one-time gain of $86.6m from the sale.
"We have raised UOL's 2006 earnings per share forecast by 64% to 21.7 cents, on account of the $86.6m divestment gain," CIMB-GK said in a client note.
"We believe, given UOL's strong balance sheet, there is a fairly good chance that UOL may distribute the proceeds, although we have not factored this in in our forecasts," it added.
CIMB-GK said UOL remains a key proxy to Singapore's asset reflation theme with its portfolio of quality investment properties and residential projects and is maintaining its "outperform" call on the stock.