Today, I made a new entry addition to my portfolio by adding 6,000 shares of UOL at a price of $5.42.
This is a company which I have been interested for quite some time but never really had the chance to add on in recent times. The recent weakness has provided the opportunity for me to do so.
Company Background
To give a little bit of their background for those who are not familiar with the company, UOL Group Limited is a property company with over 50 years of track record in their industry. Like any conglomerate, the company is operating in many different segment, namely property development, commercial and retail investment, hotel operations, management services, and other investments.
The company is owned by popular leader Wee Cho Yaw, who also owned UOB and another property company UIC. There’s a lot of interesting story going back ......