United Industrial Corp

United Industrial Corp

Postby winston » Fri Jun 20, 2008 1:37 pm

Not vested.

TOL: Isn't it cheaper for them to buy Singapore Land directly rather than to control Singapore Land thru UIC ?

===================================

Telegraph Developments Ltd has increased its stake in United Industrial Corp Ltd from 34.003% to
34.076%
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118522
Joined: Wed May 07, 2008 9:28 am

Re: United Industrial Corp

Postby winston » Mon Sep 01, 2008 3:08 pm

Not vested.

Singapore Hot Stocks-UIC shares drop to 9-month low

SINGAPORE, Sept 1 (Reuters) - Shares of real estate developer United Industrial Corp fell as much as 7.9 percent on concerns of an impending shakeout in Singapore's office market.

UIC, which indirectly owns landmark Singapore offices such as SGX Centre and Singapore Land Tower, dropped to a nine-month low of S$2.22 with 455,000 shares changing hand.

The shares have since recovered and were traded 1.2 percent lower at S$2.38 around 0704 GMT.

Traders said the outlook for office rents and capital values has fallen due to recent dismal analyst reports on the sector where UIC has the bulk of its investments.

For instance, UBS analysts said last week they expected office rentals and capital values to drop as much as 34 percent in the next four years.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118522
Joined: Wed May 07, 2008 9:28 am

Re: United Industrial Corp

Postby winston » Fri Nov 14, 2008 6:15 pm

UIC's Q3 net profit up 90%
By ANGELA TAN

United Industrial Corporation Limited (UIC) reported on Friday net profit growth of 90 per cent to S$48.30 million compared to a year ago.

Revenue climbed 56 per cent to S$212.24 million due mainly to higher sale of properties held for sale, higher rental income and higher revenue from Pan Pacific Singapore hotel operations.

In view of the current global financial turmoil and economic downturn, the office and retail rental market as well as the residential property market are expected to be weak.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118522
Joined: Wed May 07, 2008 9:28 am

Re: United Industrial Corp

Postby winston » Wed Jan 14, 2009 2:24 pm

It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118522
Joined: Wed May 07, 2008 9:28 am

Re: United Industrial Corp

Postby millionairemind » Wed Jan 14, 2009 3:54 pm

DJ MARKET TALK: UOL's Offer For UIC Likely To Fail - Analyst

0734 GMT [Dow Jones] UOL Group's (U14.SG) S$1.20/share offer for United Industrial Corp. (U06.SG) not expected to succeed as price well below what latter's major shareholder John Gokongwei paid for UIC, says local house analyst; "Gokongwei paid much higher prices in the past for UIC - as much as S$3.50 per share in 2007. There's no reason why he should accept." Gokongwei owns 35% of UIC. Analyst says UOL chairman Wee Cho Yaw "trying to get things cheap by taking advantage of the current downturn to offer just a slight premium" to UIC's last traded price of S$1.10. Offer values UIC at S$1.65 billion. UOL, related parties currently own 29.0% of UIC. "He's taking a chance to cement his control. Wee's holding is not so strong." (FKH)
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
User avatar
millionairemind
Big Boss
 
Posts: 8183
Joined: Wed May 07, 2008 8:50 am
Location: The Matrix

Re: United Industrial Corp

Postby millionairemind » Thu Feb 12, 2009 8:22 pm

February 12, 2009, 6.33 pm (Singapore time)

UIC slips into FY08 loss due to fair value loss on investment properties

By KALPANA RASHIWALA
United Industrial Corporation has posted a S$74.6 million net loss for the year ended Dec 31, 2008, against a S$1.17 billion net profit in the previous year.

The red ink was due to a S$397 million fair value loss on investment properties.

UIC is currently the subject of a takeover bid by UOL Group.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
User avatar
millionairemind
Big Boss
 
Posts: 8183
Joined: Wed May 07, 2008 8:50 am
Location: The Matrix

Re: United Industrial Corp

Postby cif5000 » Thu Feb 12, 2009 11:43 pm

Really, UIC should declare a fat dividend (e.g. 50cts) and hope that the share price doesn't move too much. And then after XD when the price drops, UOL can snap up all the shares at sub120 in hungry ghost style.
User avatar
cif5000
Foreman
 
Posts: 277
Joined: Wed May 14, 2008 7:04 pm

Re: United Industrial Corp

Postby millionairemind » Fri Feb 12, 2010 6:33 pm

February 12, 2010, 5.49 pm (Singapore time)

UIC, SingLand report full-year 2009 net losses

By EMILYN YAP

United Industrial Corp (UIC) and its unit Singapore Land (SingLand) both posted net losses for the full year ended Dec 31, 2009, on Friday.

UIC's net loss was $142.8 million, almost double the net loss of $74.6 million incurred a year ago. Results were hit by fair value losses on investment properties.

SingLand's net loss for $265.96 million, more than double the net loss of $117.4 million in the previous year. Similarly, fair value losses on investment properties eroded the bottom line.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
User avatar
millionairemind
Big Boss
 
Posts: 8183
Joined: Wed May 07, 2008 8:50 am
Location: The Matrix

Re: United Industrial Corp

Postby millionairemind » Fri Apr 23, 2010 7:44 pm

April 23, 2010, 6.19 pm (Singapore time)

UIC's Q1 net profit falls 19%

By ANGELA TAN

United Industrial Corporation Limited reported on Friday that its net profit for the first quarter fell 19 per cent from a year ago to S$59.50 million.

Excluding a S$21.7 million one-time write-back of deferred income tax (net of minority interests) in Q1 2009, its net profit from operations increased by $7.7 million, 15 per cent, to S$59.5 million.

Revenue was up 34 per cent at S$261.51 million mainly to higher progressive recognition of sales of trading properties and higher revenue from hotel operations, partially offset by lower rental income.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
User avatar
millionairemind
Big Boss
 
Posts: 8183
Joined: Wed May 07, 2008 8:50 am
Location: The Matrix

Re: United Industrial Corp

Postby LenaHuat » Mon Aug 30, 2010 8:33 pm

UIC is redeveloping the UIC Bldg after paying a development charge. It will be 60% residential and 40% commercial. WeeChowYaw must have wished that he had acted before KwekLengBeng, who made a bundle out of the OneShenton :lol:
Please be forewarned that you are reading a post by an otiose housewife. ImageImage**Image**Image@@ImageImageImage
User avatar
LenaHuat
Big Boss
 
Posts: 3229
Joined: Thu May 08, 2008 9:35 am

Next

Return to U to Z

Who is online

Users browsing this forum: No registered users and 6 guests