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481-500 of 522
expecting 3Q result on Friday 27.10.06
yes, 200% agree!!!
shplayer,
you are as good as them if not better. keep it up.
Nos,
DMG report is old news......see my thread on 6 Sep.....I basically said the same thing.
DMG & Partners said UIC offers investors an inexpensive exposure to the booming office sector, given its 72.5% stake in Singapore Land.
"UIC offers an attractive alternative for exposure to the rising office sector. Its stake in Singapore Land makes up close to 90% of its asset backing, and is worth $1.80 per UIC share," DMG said in a note to clients.
A potential redevelopment of the UIC Building on Shenton Way could also enhance valuations for UIC going forward, along with prospects of UIC venturing into more residential development projects.
From the candle stick chart of UIC, it seems the cross indicates a pause and then continue to rise. On the hand, I noticed that whenever a grenade-shaped candle (looks like WWW1 German grenade) occurs, then there is a reversal.
Chart seems to show that price reversal is imminent. Stochastic and RSI both show overbought. Stochastic also showed divergence from recent upward price movement. Candlestick yesterday ended with a cross - a sign of imminent directional change. Trade with care.
Last year this time,UIC takeover was launched by Gokongwei at offered px $1.09 per share.Acceptances were very low and takeover failed. Wee CY did not conuter offer. Now the px has gone up substanially.It will be very expensive for either party to launch a takeover. Hope for a surprise.This time Wee CY turns to launch a takeover and Gokongwei counter offer. UIC px move higher.Just had my heavy lunch and no harm enjoying day dreaming.
break current high at $1.75 cents and volumn increasing.
welcome jessie and all vested kaki,
UIC is moving north and picking up its momentum.Price is now $1.70 already...........ha...ha...ha.
many thanks to derekchong, allantanhc and shplayer etc as I am still holding on. Price is now $1.65 already.... cheers to all those who are vested !
DMG has a buy call for UIC. DMG says UIC offers an attractive alternative for exposure to the rising office sector. Its 72.5% stake in Singapore Land is worth $1.67/UIC share, even higher than its current share price. Other activities such as residential development activities in Singapore should rake in estimated $100m when sold. Overseas forays, particularly through a 51% tie-up in a mixed-use project in Tianjin, are still at infancy stage and should contribute to bottomline when sold over the next 2 years. Redevelopment of flagship UIC Building should enhance value given the robust office and luxury residential markets.
Valuation is attractive at 13% discount to RNAV of $1.79.
this stock is active again.breaking all time high.
thk. shplayer,
px went up but vol. still not high. big boy not buying.
With SingLand @ $7.95, technically, NAV of UIC should be $1.84.
hi shplayer,
can you estimate the fair market value of UIC when Singland is $ 7.95.
Moving up in tandem with SingLand.......
Nice gain today.........finding a new price level?
It extended its gains, with the stock touching a new 52-week high of $1.51, on hopes that the company will sell its ageing UIC Building on Shenton Way to developers for redevelopment, dealers said.
According to the Business Times newspaper, UIC is exploring the possibility of a collective sale of the building, in which it holds a 78%stake.
UIC is apparently targeting a sale by June 2008 as potential tenants have been told that leases can only be had until that time, the report said.
The UIC Building, along with other old office buildings in the central business district such as 1 Shenton Way, Natwest Centre, &1 Robinson Road, Asia Chambers, Straits Trading Building and Ocean Building are expected to be redeveloped in the next few years to satisfy growing demand for office space, the report added.
This counter moves up quietly to $1.50 and $1.51. However, there is no volume to push it. May be it needs Wee Cho Yeow to come in and buy heavily before other people realise the value. lol....