United Engineers – Deeper Implications from the Failed Offer for WBL
Things are getting interesting at United Engineers Ltd (UEM SP) (“UEL”).An Extraordinary General Meeting (“EGM”) was held yesterday afternoon as...
519 Views
Bukit Sembawang - Riding on the High-End Property Recovery Wave (Part 2)
The near-term target price for Bukit Sembawang Estates Ltd (BS SP) is S$7.72 per share based on a conservative valuation approach. A successful...
441 Views
United Engineers – Potential Windfall from the Impending Divestment of The Seletar Mall?
Time is almost ripe for SPH to divest The Seletar Mall to SPH REIT. SPH owns 70% interests in the SPV that owns The Seletar Mall and United...
442 Views
United Engineers – Pre-Conditional Voluntary Unconditional Cash Offer for WBL Corp
United Engineers Ltd (UEL) announced a pre-conditional voluntary unconditional cash offer to acquire all issued ordinary stocks of WBL Corporation...
282 Views
United Engineers: Life After Takeover Offer (Part 3)
Near-term challenges across all business segments are expected, but UEL's strong balance sheet can provide support. We valued UEL using...
340 Views