United Industrial Corp (UIC)

Jonathan Eu is looking forward to unlocking as much value in UIC as possible via enhancement, redevelopment and even divestment

UIC is a candidate for privatisation given its low gearing, strong cash flow, and low free float.

SINGAPORE (Apr 22): The latest economic data released this past week paints a softer outlook. Non-oil domestic exports (NODX) data for March released on April 17 indicates Singapore growth contracted 11.7% y-o-y, a sharp swing from the growth of 4.8% y-o-

SINGAPORE (Nov 2): Property group UIC reported 3Q earnings from operations for the quarter recorded $59.3 million, a decrease of 36% over the same period last year, in line with lower sales.

SINGAPORE (Apr 27): UIC, the property group 49.8% owned by UOL, reported a 1% rise first quarter earnings to $60.2 million from $59.4 million on lower cost of sales and lower other losses.

SINGAPORE (Jan 4): UOL's mandatory offer for Singapore Land shares has closed and is no longer open for acceptance.

SINGAPORE (Nov 22): UOL Group on Tuesday night announced the mandatory unconditional cash offer for all the shares in Singapore Land that it does not already own at $11.85 each.