SGX Listed Stock


SGD 2.680
Share Price as of: 2020-01-24 12:16
Market / ISIN Code: SGX Mainboard / SG1K25001639
GICS® Sector / Industry Group / Industry: Real Estate / Real Estate / Real Estate Management and Development

United Engineer Blogger ArticlesUNITED ENGINEERS LTD ORD Blogger Articles SGX Listed UNITED ENGINEERS LTD ORD (SGX:U04) Blogger Articles U04.SI Blogger Articles
Don Low
2019-09-24 23:08:10
United Engineers Must Improve Corporate Governance; Retail Shareholder Proposes Oxley As Board Representative
Last week, the Securities Investors Association of Singapore celebrated its 20th anniversary and the occasion was a reminder to investors about the importance of putting emphasis on companies to uphold high standards of corporate governance.  Good corporate governance is one of the key fundamentals to a company’s success and long-term sustainability. At heart, it helps to reflect on a company’s values, supports its vision and shapes the culture. The goal is to help managers of a company mitigate risks, safeguard stakeholders’ interest and ultimately enhance value.   On the other hand, ineffective mechanisms or poor corporate governance could erode the very foundations that a company was built upon and lead to disastrous consequences.  For instance, when it came to light in 2017 t
Don Low
2019-09-05 00:04:23
3 S-REITs To Go Long On Amidst Uncertainties
Amidst the widespread sell-offs in global equities including the Singapore blue chips, S-REITs showed resilience. High yields, along with a retreating interest rate outlook, gave investors a compelling reason to remain invested. As the trade war between the US and China escalates up a notch, central banks around the world (from the US to EU and China) have been shifting to more accommodative policies to sustain the shaky economic environment.  Relative to other major bourses, S-REITs are amongst the highest yield, making them even more attractive. Given this backdrop, here are three S-REITs to go long on in spite of the weak outlook.  Ascendas REIT Within the industrial space, the market seemed to have consolidated and both demand and supply are now more supportive. While still susceptib
Don Low
2019-08-05 16:49:23
UE Share Sale Raises Doubt
Early July, the board of United Engineers (UE) came to a decision to sell all its treasury shares to undisclosed third parties, fetching a sum of $56 million. The transaction, facilitated by UOB Kay Hian, represented a meaningful stake of 3.14 percent of the company.  The move, however, drew scrutiny from its second largest shareholder Oxley Holdings (Oxley) and raises questions by minority shareholders alike. Oxley, which has built one of Singapore’s most successful brands in property development, was not sounded out as a potential buyer and was not offered the option to take up the block sale. Expressing dismay, Oxley Chief Executive Mr. Ching Chiat Kwong said that he would have seriously considered “giving a reasonable price that helps the company (UE) achieve better ground”.  F

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