UIC

Sembcorp Marine broke out above a resistance on Apr 1, joining the property stocks in their mini bull run.

Property stocks have strengthened, led by UIC initially, then UOL and now Ho Bee Land. Small cap developers could follow.

UOL has yet to break out of a multi month base. UIC has already broken above a base $2.45, indicating a target of $2.90.

UIC appears ready to strengthen and to break above $2.45. The STI should remain resilient, as annual momentum continues to rise

SINGAPORE (Feb 28): CIMB is reiterating its “add” recommendation on UOL Group with a target price of $9.67, which is based on a 20% discount to a higher RNAV of $12.09 after adjusting FY81-19 EPS estimates post the property developer’s 4Q results.

SINGAPORE (Nov 3): Property group UIC reported a 49% rise in 3Q earnings to $95.5 million from $64 million a year ago on higher revenue.

SINGAPORE (June 27): OCBC Investment Research and CIMB Research are positive on news of UOL group’s share swap deal with Haw Par Corp, through which UOL will issue 27.3 million new shares in exchange for 60 million UIC shares owned by Haw Par.

SINGAPORE (May 2): Here are some stocks to watch this Tuesday morning:

SINGAPORE (April 4): Taking your chances on Singapore’s Straits Times Index (STI) could be a wiser investment decision than putting your capital in the local property market, says Tata Goeyardi of Religare Capital Markets.

SINGAPORE (Oct 31): Here are some factors and stocks that could move the market this Monday morning: