UE E&C’s stock price has been going down even before it went “XD”. On 2-May-2014, UE E&C’s stock price went as low to $1.31 upon “XD”. I bought some of UE E&C’s stocks and sold them off at around 14% upside then I just bought some more of these stocks to pocket the dividends. I have now gotten the dividends and am looking at UE E&C’s stock price once again to assess whether it is “worth it” to enter and buy this stock again.
UE E&C has three businesses: construction, engineering and building materials with the respective appropriate revenue contributions proportions as: 71%, 21% and 7%. On its annual reports, UE E&C said something to the effect that the construction projects it undertakes is premised on the arrangement that it will be the contractor for the building management works too.
UE E&C is currently trading at around 6x PER ......