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shiok... on strong uptrend.
Hey it touched 2.06 today... :)
You can debate and quarrel and analyse till the cows (bulls?) come home, but all that matters is that the stock continues to rise (and fall at the right time).... :)
I agree UIC may bid for it but chances of success low.Wee CY is a shrewd banker and business-man.He will not pay more than neccessary under present high property price environment.There will be others willing to bid higher but not Wee CY. He sold OUB to Lippo group is a good example.
My take on the divestment of UIC building is that, UIC will form a consortium between UIC/SpLand/UOL, probably on a equal sharing basis, and bid on the purchase of the bulding for redevelopment.
Because this consortium will have an 'inside track' over other bidders, there is a high probability that they will win the bid.
With UIC effectivly holding about 72% of SpLand, UIC will therefore effectively have >57% stake in this consortium.
Any members have any other suggestions on the outcome of this divestment?
agree.. accumulate on weakness
Uptrend still in place
Morgan Stanley increased holding of UIC from 6.0% to 7.1%.(SGX posting)
Christmas is the time to give and celebrate.UIC you did it.Good buy.Keep it up.........the px..........hehe.
On strong uptrend
Indeed a timely masterpiece!... :)
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| SINGAPORE (XFN-ASIA) - DBS Vickers Securities has started covering United
Industrial Corp Ltd (UIC) with a "buy" recommendation and a 12-month price target of 2.40 sgd, viewing the stock as a laggard among property plays. "Since the takeover of Singland in 1990, UIC has been a major Singapore office landlord with a stable of assets well leveraged to ride on the office market upswing," DBS said in a client note. The brokerage noted that in the company's stable of property assets, UIC has office and hotel assets in the central business district area poised to benefit from the positive spillover effects from the Marina Bay integrated resort, as well as a pipeline of residential projects to be launched over the next few years to ride on the recovery in the residential market. "Potential catalysts also include redevelopment of UIC as well as M&A restructuring," DBS added. UIC yesterday announced it and other owners of the UIC Building on Shenton Way at the edge of the Raffles Place business district will divest the building. UIC owns more than 50 pct of the building. At 9.39 am, UIC was up 0.07 sgd or 3.59 pct at 2.02 with 3.78 mln shares traded. (1 usd = 1.54 sgd) yuinmunn.szetoh@xfn.com | ||||||||
By the way, it is said that "Breakaway Gaps" don't get traded... only "Exhaustion Gaps" do...
Wonder how true this is?
As long as it's a daily rise, every day higher than the previous day, like it is doing now, the trend goes on. In view of the importance of this counter in the scheme of things, there's really no telling what the 'target' is. Think of Starhub's price performance for a moment and you'll have an idea of what's possible.
trying very hard to cross $2.02. guess it is going to close at $2.04 today.
Cashier... what do U think will be a major resistance?... : )
har just nice , rch 2.02 and dip for a rest.. accumulate on weakness..
The news is in today's newspaper... and the sale is 'unprecedented'...
with the latest news that they are placing UIC building on enbloc sale, price should go up today.... Later, upon successful sale, price will surge again. Cheers to all those vested !
When the bulls are crazy, the sky's the limit... just think Starhub!