Shares & Derivatives
UNITED ENGINEERS STOCK: what should investors do now?
By Singapore Stocks Investing (SSI)  •  February 17, 2015
Yesterday, United Engineers stock retreated 15.5% to close the trading session at $2.68. This is not unexpected of by the investing community as OCBC and Great Eastern had failed to reach an agreement with Thailand Billionaire Charoen over the sale of their stake in United Engineers to the Thai tycoon. The move of United Engineers came after the SGX’s “trade with caution” note on the counter. It was reported that United Engineers stock had risen by almost 44% after speculation on the take-over of United Engineers by the Charon’s business empire. United Engineers stock performance would not have been welcome by investors who might have bought United Engineers at a high, riding on the speculative wave of the take-over bid. Personally, the bid had seemed likely to proceed with United Engineers selling its subsidiary UE E&C to another third party earlier. To me, that sales of UE E&C ......
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By Singapore Stocks Investing (SSI)
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