Page 1 of 3
United Industrial Corp
Posted:
Fri Jun 20, 2008 1:37 pmby winston
Not vested.
TOL: Isn't it cheaper for them to buy Singapore Land directly rather than to control Singapore Land thru UIC ?
===================================
Telegraph Developments Ltd has increased its stake in United Industrial Corp Ltd from 34.003% to
34.076%
Re: United Industrial Corp
Posted:
Mon Sep 01, 2008 3:08 pmby winston
Not vested.
Singapore Hot Stocks-UIC shares drop to 9-month low
SINGAPORE, Sept 1 (Reuters) - Shares of real estate developer United Industrial Corp fell as much as 7.9 percent on concerns of an impending shakeout in Singapore's office market.
UIC, which indirectly owns landmark Singapore offices such as SGX Centre and Singapore Land Tower, dropped to a nine-month low of S$2.22 with 455,000 shares changing hand.
The shares have since recovered and were traded 1.2 percent lower at S$2.38 around 0704 GMT.
Traders said the outlook for office rents and capital values has fallen due to recent dismal analyst reports on the sector where UIC has the bulk of its investments.
For instance, UBS analysts said last week they expected office rentals and capital values to drop as much as 34 percent in the next four years.
Re: United Industrial Corp
Posted:
Fri Nov 14, 2008 6:15 pmby winston
UIC's Q3 net profit up 90%
By ANGELA TAN
United Industrial Corporation Limited (UIC) reported on Friday net profit growth of 90 per cent to S$48.30 million compared to a year ago.
Revenue climbed 56 per cent to S$212.24 million due mainly to higher sale of properties held for sale, higher rental income and higher revenue from Pan Pacific Singapore hotel operations.
In view of the current global financial turmoil and economic downturn, the office and retail rental market as well as the residential property market are expected to be weak.
Re: United Industrial Corp
Posted:
Wed Jan 14, 2009 2:24 pmby winston
Re: United Industrial Corp
Posted:
Wed Jan 14, 2009 3:54 pmby millionairemind
DJ MARKET TALK: UOL's Offer For UIC Likely To Fail - Analyst
0734 GMT [Dow Jones] UOL Group's (U14.SG) S$1.20/share offer for United Industrial Corp. (U06.SG) not expected to succeed as price well below what latter's major shareholder John Gokongwei paid for UIC, says local house analyst; "Gokongwei paid much higher prices in the past for UIC - as much as S$3.50 per share in 2007. There's no reason why he should accept." Gokongwei owns 35% of UIC. Analyst says UOL chairman Wee Cho Yaw "trying to get things cheap by taking advantage of the current downturn to offer just a slight premium" to UIC's last traded price of S$1.10. Offer values UIC at S$1.65 billion. UOL, related parties currently own 29.0% of UIC. "He's taking a chance to cement his control. Wee's holding is not so strong." (FKH)
Re: United Industrial Corp
Posted:
Thu Feb 12, 2009 8:22 pmby millionairemind
February 12, 2009, 6.33 pm (Singapore time)
UIC slips into FY08 loss due to fair value loss on investment properties
By KALPANA RASHIWALA
United Industrial Corporation has posted a S$74.6 million net loss for the year ended Dec 31, 2008, against a S$1.17 billion net profit in the previous year.
The red ink was due to a S$397 million fair value loss on investment properties.
UIC is currently the subject of a takeover bid by UOL Group.
Re: United Industrial Corp
Posted:
Thu Feb 12, 2009 11:43 pmby cif5000
Really, UIC should declare a fat dividend (e.g. 50cts) and hope that the share price doesn't move too much. And then after XD when the price drops, UOL can snap up all the shares at sub120 in hungry ghost style.
Re: United Industrial Corp
Posted:
Fri Feb 12, 2010 6:33 pmby millionairemind
February 12, 2010, 5.49 pm (Singapore time)
UIC, SingLand report full-year 2009 net losses
By EMILYN YAP
United Industrial Corp (UIC) and its unit Singapore Land (SingLand) both posted net losses for the full year ended Dec 31, 2009, on Friday.
UIC's net loss was $142.8 million, almost double the net loss of $74.6 million incurred a year ago. Results were hit by fair value losses on investment properties.
SingLand's net loss for $265.96 million, more than double the net loss of $117.4 million in the previous year. Similarly, fair value losses on investment properties eroded the bottom line.
Re: United Industrial Corp
Posted:
Fri Apr 23, 2010 7:44 pmby millionairemind
April 23, 2010, 6.19 pm (Singapore time)
UIC's Q1 net profit falls 19%
By ANGELA TAN
United Industrial Corporation Limited reported on Friday that its net profit for the first quarter fell 19 per cent from a year ago to S$59.50 million.
Excluding a S$21.7 million one-time write-back of deferred income tax (net of minority interests) in Q1 2009, its net profit from operations increased by $7.7 million, 15 per cent, to S$59.5 million.
Revenue was up 34 per cent at S$261.51 million mainly to higher progressive recognition of sales of trading properties and higher revenue from hotel operations, partially offset by lower rental income.
Re: United Industrial Corp
Posted:
Mon Aug 30, 2010 8:33 pmby LenaHuat
UIC is redeveloping the UIC Bldg after paying a development charge. It will be 60% residential and 40% commercial. WeeChowYaw must have wished that he had acted before KwekLengBeng, who made a bundle out of the OneShenton
