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United Engineers
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kirana
Senior |
09-Nov-2014 17:20
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Boneless chicken rice ay? 起 骨 鸡 饭 |
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Kyoto2008
Elite |
09-Nov-2014 13:40
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Correct me if I am wrong, they have been trying to sell that piece since early this year (like around March).      When the news came out, there was a spike in the price.    But there' s nothing really exciting about UE E & C, I supposed there was' nt a good price  offered.    Southern Cap is now to pay $230mln, hence it would be a shot in the arm for UE to  collect cash.    This sale is on top of the Wearnes Automotives (Jaguars, Bentley  and other luxury  cars)  for $455mln.    Well done UE board of Directors,  really fantastic corporate finance peeps, all  get  A stars.    They have made UE into a property company with  solid commercial properties and land. Just nice for Charoen or Lippo, or Straits Trading to have a really delicious meal without the bones!
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kirana
Senior |
09-Nov-2014 11:47
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I was thinking the bid for subsidiary UE E& C at $1.25/share might be a hint. Is it done in a hurry? Or could it just be market valuation? |
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Kyoto2008
Elite |
09-Nov-2014 08:09
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I went to take a close look at all the relationships in Charoen' s empire. Actually ThaiBev only has less than 30% of F& N.        Not sure if the ops are inter linked, anyone can enlighten us? But based on purely 30% ownershsip, the loss of the Myanmar biz would have little impact on Thai Bev.  Why ppl want to short Thai Bev?    Something I missed? 
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Kyoto2008
Elite |
08-Nov-2014 16:32
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I think they are all waiting for the cheapest price first so that it can be used as the base, hence not much activity presently.    If they buy now, once the price goes up, it would be a lot more to pay for the rest of the shares.    Same goes for Charoen, he won' t want to chase up the price at this time.     
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kirana
Senior |
08-Nov-2014 16:20
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There might be others like OUE, Sin Hai Yi, Straits Trading Co, etc. Lets look also at other possible suitors. The upside could be tremendous! | ||||
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Kyoto2008
Elite |
08-Nov-2014 15:09
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Need to be patient, this deal  is too good for Charoen to miss.  
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kirana
Senior |
08-Nov-2014 14:52
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UE is now the bluest and also the greyest. Mirror mirror on the wall, can you help? |
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Kyoto2008
Elite |
08-Nov-2014 13:33
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Took a quick look, quite Ok, got very nice properties.    I  have a hunch why the price went up. |
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i_love_girls
Veteran |
08-Nov-2014 12:57
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Fraser is just going downhill in summary. Drop and drop and drop. No need to analyze Fraser. | ||||
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Kyoto2008
Elite |
08-Nov-2014 12:21
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A public listed co can be cornered if the float is small, those stocks with 5 cents 10 cents are easier to corner and we see them frequently  as top vol stocks. Thai Bev is a $20bln co, vol on 3rd Nov was about 50mln shares traded and the drop in price was 4.5 cents.          That means the manipulator spent $2.25mln to push the price back up, then continue to keep on spending every day to support price.    What happened if 10% of the shareholders want to sell and the price collapses further down as the shortists expected?      The manipulator would have gone bankrupt.    This was exactly what happend to Thailand in 1997, the Central Bank went to buy to support the Thai baht and broke the country' s piggy bank.        Also look at Osim.    If any manipulator try to push the price up, they would easily be bankrupted, too many sellers rushing to dispose of the stock.        If it' s so easy to manipulate the stock price, many cos would play this game rather than work hard to earn  legitimate income.    Frasers, I' ve not looked at the stock closely so I don really know what' s going on.           |
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Qanghoo
Supreme |
08-Nov-2014 07:16
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As a cynic, I have this hypothesis.  With easy availability of sophisticated software, manipulators can simply work backwards, ie, put the cart before the horse so to speak, by creating the desired chart patterns and trade according to them to hoodwink unsuspecting investors and traders.  .
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Kyoto2008
Elite |
08-Nov-2014 02:47
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How not to notice this kind of strange behaviour, charting in my humble opinion throws out the unknown and known, ie insider traders as well as legitimate buyers who obtain the news earlier. that' s the main reason some resort to charting and ignore fundamentals..  But I do think fundamenals cannot be ignored. However, in my humble opinion, charting does have a significant role to play in determining the direction of the price movement of a stock.
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Kyoto2008
Elite |
08-Nov-2014 01:15
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Steady lah, most impt is when we see UE sail up effortlessly.      I still think it' s the China properties that' s delaying the deal between OCBC and Charoen, as this is the greyest of grey areas in terms of valuation. But I do think that OCBC won' t want to keep UE and would like to sell it off, so eventually, the deal will come through.  
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kirana
Senior |
07-Nov-2014 07:08
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You very observant. Actually we don' t really care which vehicle. We care the offer price. Haha |
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Kyoto2008
Elite |
06-Nov-2014 23:06
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Take a look at FCT' s chart, the stock has been on the upswing.    Even after ex-dividend, the price went down but shot up the following day and has been moving up. My suspicion is the Thais are in the know, and the price upswing reflects insiders doing trading. The other Charoen vehicle which was used in F& N also behaved strangely, ie ThaiBev.     
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Kyoto2008
Elite |
06-Nov-2014 22:57
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It came onto my radar.    This is Charoen' s vehicle?
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kirana
Senior |
06-Nov-2014 22:44
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A serious offer should not be affected by a power failure. What abput Fraser CT? |
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Kyoto2008
Elite |
06-Nov-2014 22:27
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Haha, blame it on SGX, they should have a mirror back up.        Look at Frasers Com Trust go, is this an indication?
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SOONEST
Member |
06-Nov-2014 10:55
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News so good even sgx com hang...wa lioweh...
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