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United Engineers
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Octavia
Elite |
15-Nov-2013 09:20
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United Engineers reported net profit of S$12.5 million for its third quarter ended Sept 30, down 2 per cent from S$12.5 million a year ago.
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Belteshazzar
Veteran |
23-Oct-2013 10:25
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gd for short term also 2 is good for right issue holders from 1.5 | ||
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Octavia
Elite |
23-Oct-2013 10:06
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Gd 4 long term investment. | ||
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Belteshazzar
Veteran |
23-Oct-2013 10:02
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2 coming. | ||
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john_ric
Senior |
04-Oct-2013 12:53
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want to invest ? buy this stock. trending up slowly. today up quite fast leh. forget about blu-black-mont , asiason that kind of junks.
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Belteshazzar
Veteran |
04-Oct-2013 09:13
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steady man... | ||
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Belteshazzar
Veteran |
03-Oct-2013 09:17
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look at chart , u know...191 is the wall to break b4 230 | ||
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john_ric
Senior |
02-Oct-2013 11:00
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on the uptrend albeit slowly.. like a snail. | ||
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Belteshazzar
Veteran |
02-Oct-2013 09:47
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steady... | ||
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Belteshazzar
Veteran |
23-Sep-2013 10:17
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target 195 to clear | ||
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Belteshazzar
Veteran |
20-Sep-2013 10:55
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sell ur excess rights for profit | ||
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john_ric
Senior |
17-Sep-2013 14:56
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when is the $1.50 right share trade-able ?? |
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Octavia
Elite |
16-Sep-2013 13:56
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UE to buy HP Building for over S$400m UNITED Engineers (UE) is understood to be buying Hewlett-Packard's freehold premises on Alexandra Road for slightly above S$400 million. The computer giant is expected to lease back the property from UE. Located near Labrador Park MRT Station, the property sits on land of over 190,000 sq ft. It comprises a 12-storey office block fronting Alexandra Road (housing HP's Asia-Pacific sales operations) and an eight-storey building at the rear where its regional manufacturing operations are housed. The site spans two zonings. Under Urban Redevelopment Authority's Master Plan 2008, the section of the site where the office tower stands is zoned for commercial use with a 2.8 plot ratio (ratio of maximum gross floor area to land area). The manufacturing plant at the back is on the bigger portion of the site zoned for Business 1 use with 2.5 plot ratio. Light industrial and warehouse operations are among the permitted uses for Business 1 use. The existing gross floor area (GFA) of the office block is around 156,000 sq ft and that of the manufacturing block, about 345,000 sq ft. Analysts reckon the existing GFA would be around the maximum allowed for the site, suggesting little or no development charge (DC) is payable. |
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guoyanyunyan
Elite |
11-Sep-2013 09:08
Yells: "uncertainty always exist" |
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UE: Bullish Setup! Author: stistocktrading 
Bullish Signal: Bullish flag in formation with retracing volume! Entry price: $1.765 with volume exceeding 2million by 12pm! Stop loss: $1.695 Profit target: $1.895 Reward to risk ratio: 1.9 ...last: $1.755... |
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john_ric
Senior |
14-Aug-2013 23:40
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UE result good leh. UNITED ENGINEERS H1 2013 REVENUE UP BY 69% TO $440.0 Million NET PROFIT INCREASES 33% TO $22.9 Million |
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guoyanyunyan
Elite |
13-Jun-2013 11:01
Yells: "uncertainty always exist" |
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United Engineers - Bite the Bullet Downgrade to SELL1-for-1 rights issue downgrade to SELL. UE has proposed a 1-for-1 renounceable rights issue to raise SGD490m to reduce its borrowings for its recent acquisition of WBL, and increase UE’s financial flexibility. The rights issue has been priced at SGD1.50/share, which indicates a 47.6% discount to the last transacted price of SGD2.86 per share on June 10th . There are three options for current UE shareholders – (1) To sell their renounceable nil-paid rights on the market, (2) take up the rights issue to avoid dilution, and (3) to sell all shares. We think the rights issue is clearly an aggressive action by the major shareholders to force the minority shareholders’ hand. Downgrade to SELL with a TP of SGD1.86, adjusted for rights issue shares. Details on the rights issue. A total of 326.6m new shares will be issued, with gross proceeds of SGD490m to be gained. Major shareholders such as OCBC and the Lee Family have agreed to irrevocably undertake and subscribe for the rights issue. This will account for 36.1% of the total underwritten rights issue, inclusive of 12.6m convertible stock units owned. In essence, the major shareholders will fork out 176.9m, while the minority shareholders will have to provide the remainder SGD313.1m. What is the future value ex-rights issue? Assuming it is based on current share price of SGD2.66/share, ex-rights price will be at SGD2.08/share. We expect there will be selling pressure as not everyone will take up the rights issue. There will be shareholders who may not be able to afford or willing to put in additional capital. Discount to book narrows from this exercise. One of the key reasons on why we liked UE in the first place was on its large discount to book. Essentially, this exercise will be dilutive to current shareholders. Simply put, the price to book ratio will increase from 0.70x to 0.79x at current price levels, indicating a 12.9% dilution at this level. We expect UE’s current net gearing to fall from 116% to 55%. Downgrade to SELL with revised TP of SGD1.86. We downgrade to sell and lower our TP to SGD1.86, inclusive of WBL acquisition costs and apply a larger discount on the UE’s property earnings. Source: Maybank Kim Eng Research - 13 Jun 2013 ...Last Done: $2.450... |
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john_ric
Senior |
16-May-2013 11:53
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right issue at 2 sgd expected. | ||
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Octavia
Elite |
15-May-2013 22:43
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The first-quarter profits of United Engineers (UE) fell 24 per cent from a year ago to S$7.4 million, hurt by an surge in administrative expenses. For the period that ended March 31, the company, which has its core businesses in engineering, construction and property, posted revenues of S$136.6 million, 17 per cent higher year on year. This was mainly due to increased rental contributions from its income-producing properties and higher revenue contribution from its listed subsidiary UE E& C. This was offset by a 17 per cent increase in cost of sales to S$95.2 million. |
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john_ric
Senior |
14-May-2013 11:21
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.ue may have to resort to right issue for financing. |
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Octavia
Elite |
14-May-2013 08:34
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Straits Trading Company (STC) and its concert parties have decided to accept the takeover bid of United Engineers (UE) for WBL Corporation, of which STC is currently the largest shareholder. STC will reap $507.3 million in cash from the sale of WBL, a technology, motor and property group otherwise known as Wearnes. It and its concert parties now hold a 44.58 per cent stake in WBL. UE upped its offer price for its takeover bid of WBL to a final offer price of $4.50 a share last week. |
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