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UOB-Kay Hian Holdings
Between Oct 29 and Nov 4, UOB-Kay Hian Holdings (UOBKH) chairman and managing director Wee Ee-chao acquired 194,200 shares of the listed company for a consideration of S$259,266, at an average price of S$1.34 per share.
Last week' s transactions increased Mr Wee' s total interest in UOBKH from 30.72 per cent to 30.74 per cent and followed a similar pace to his acquisition of 165,000 shares at S$1.32 per share between Oct 23 and 28.
Mr Wee' s total interest in UOBKH has gradually increased from 29.49 per cent at the end of 2019, and increased from 27.98 per cent at the end of 2018.
UOB-Kay Hian Holdings
Between Oct 23 and 28, UOB-Kay Hian Holdings (UOBKH) chairman and managing director Wee Ee-chao acquired 165,000 shares for a consideration of S$218,450 at an average price of S$1.32 per share.
This was twice as many UOBKH shares as he acquired between Oct 15 and 16, which he had acquired at an average price of S$1.30 per share.
Last week' s transactions increased his total interest in UOBKH from 30.70 per cent to 30.72 per cent.
Mr Wee' s total interest in UOBKH has gradually increased from 29.49 per cent at the end of 2019, and increased from 27.98 per cent at the end of 2018.
On the other hand, it discourage active trading with little market float.
Last time I followed Mr Wee to buy into Electronic ELEC & ELTEK INT and it was privatised
That why I am following him again.
wehuattogether88 ( Date: 29-Oct-2020 23:16) Posted:
| The lesser the share floats in market , the more expensive the share price will be, supply less & demand still there |
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The lesser the share floats in market , the more expensive the share price will be, supply less & demand still there
Mr Wee bought 101lots on Wed.. keeping buying back to dry up liquidity. Don know what he is thinking.
It should trade above $1.80 , 10x FY PE.. 9 cents dividend
Today up 3 cents to $1.35. Today highest $1.37.
💪 💪 💪
Joelton ( Date: 19-Oct-2020 09:22) Posted:
UOB-Kay Hian Holdings
Between Oct 8 and 14, UOB-Kay Hian Holdings (UOBKH) chairman and managing director Wee Ee-chao acquired 284,000 shares for a consideration of S$368,190 at an average price of S$1.30 per share.
This increased his total interest in UOBKH from 30.66 per cent to 30.69 per cent and followed the acquisition of 184,800 shares at S$1.25 per share between Oct 1 and 7.
Mr Wee' s total interest in UOBKH has gradually increased from 29.49 per cent at the end of 2019, and increased from 27.98 per cent at the end of 2018.
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UOB-Kay Hian Holdings
Between Oct 8 and 14, UOB-Kay Hian Holdings (UOBKH) chairman and managing director Wee Ee-chao acquired 284,000 shares for a consideration of S$368,190 at an average price of S$1.30 per share.
This increased his total interest in UOBKH from 30.66 per cent to 30.69 per cent and followed the acquisition of 184,800 shares at S$1.25 per share between Oct 1 and 7.
Mr Wee' s total interest in UOBKH has gradually increased from 29.49 per cent at the end of 2019, and increased from 27.98 per cent at the end of 2018.
Now up 3 cents , price at $1.32.
But only volume only 100 shares
Joelton ( Date: 12-Oct-2020 09:15) Posted:
UOB-Kay Hian Holdings
Between Oct 1 and 7, UOB-Kay Hian Holdings (UOBKH) chairman and managing director Wee Ee-chao acquired 184,800 shares for a consideration of S$231,000 at S$1.25 per share.
This increased his total interest in UOBKH from 30.64 per cent to 30.66 per cent.
Mr Wee' s total interest in UOBKH has gradually increased from 29.49 per cent at the end of 2019, and increased from 27.98 per cent at the end of 2018.
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UOB-Kay Hian Holdings
Between Oct 1 and 7, UOB-Kay Hian Holdings (UOBKH) chairman and managing director Wee Ee-chao acquired 184,800 shares for a consideration of S$231,000 at S$1.25 per share.
This increased his total interest in UOBKH from 30.64 per cent to 30.66 per cent.
Mr Wee' s total interest in UOBKH has gradually increased from 29.49 per cent at the end of 2019, and increased from 27.98 per cent at the end of 2018.
First half EPS is around 9 cents. If the company maintain their earning in 2nd half. FY EPS will be 18 cents. With current price, the PE is only 6.8.No wonder Mr Wee upped his buy back at $1.30. Dividend should be 9 cents.
There is a bull engulfing candle yesterday.. something cooking finally???
S-REITs in ' flurry' of M& A activities, BOE may deploy negative interest rates: UOB Kay Hian
S-REITs continued to announce yield-accretive acquisitions, while correcting 3% in the latter half of September, note UOB Kay Hian analysts Jonathan Koh, Loke Peihao and Nicola Ho. The analysts are maintaining their &ldquo overweight&rdquo call on the sector, consistent throughout the healthcare, hospitality, industrial, office and retail subsectors.
UOB Kay Hian analysts note the flurry of M& A activities continues with Mapletree Industrial Trust (MINT) acquiring a data centre and office in Virginia in the US between the range of US$200.6 million to US262.1 million ($272.68 million to $356.27 million), subject to calibration of terms.
The property is fully leased to one multi-national company on a triple net basis with a balance lease term of more than five years. MINT' s assets under management (AUM) will increase 4.5% to $6.9 billion. Data centres will expand from 38.5% to 41% of AUM. Freehold properties will increase from 51.8% to 55.9%. Management disclosed that the deal is accretive to distribution per unit (DPU) even if priced at the higher end of the range.
Over in the UK, Andrew Bailey, governor of the Bank of England (BOE), first confirmed that negative interest rates are under &ldquo active review&rdquo during questioning by MPs at the House of Commons select committee on May 20, note the analysts.
Since then, the BOE has stressed that negative interest rates are part of its toolbox although there is no plan to use them yet. This is a departure from the BOE&rsquo s previous stance that it is not planning or contemplating negative interest rates.
The British economy battling two severe headwinds, note UOB Kay Hian. There is a resurgence of Covid-19 infections in the UK. At the same time, the unemployment rate is expected to spike when the government&rsquo s furlough scheme expires in October. The BOE forecasts the unemployment rate will almost double to 7.5% by end-2020. There have been complaints that the economy is recovering too slowly. Several Monetary Policy Committee (MPC) members have been pushing for the adoption of negative interest rates to accelerate the still-sluggish economic recovery.
UOB-Kay Hian Holdings
On Sept 24, UOB-Kay Hian Holdings (UOBKH) chairman and managing director Wee Ee-chao acquired 51,300 shares for a consideration of S$64,125 at S$1.25 per share.
This increased his total interest in UOBKH from 30.63 per cent to 30.64 per cent.
Mr Wee' s total interest in UOBKH has gradually increased from 29.49 per cent at the end of 2019, and increased from 27.98 per cent at the end of 2018.
The company has share buyback mandate. Why UOBkayhian limited not buying back instead it is KIP. I really don't understand.
The Edge Singapore - Latest News· 2020-03-20 07:00
Separately, Wee Ee Chao, UOB Kay Hian chairman and managing director, has been steadily buying up shares of the company from the open market. The most recent purchase was made on March 18, with 128,200 shares bought at $1.13474.This means Ee Chao now owns 29.74% of the company &mdash a hair breadth below the 30% general offer (GO) trigger point. Is a privatisation of UOB Kay Hian in the works?
UOB+ Ee Chao considered concerted party.. no GO.. anyhow report
I also don't understand
bamboo300306 ( Date: 28-Sep-2020 20:10) Posted:
| Don't understand why keep buying when Mr Wee is not interested to take the company private. If he keeping.. the liquidity of the stock will be dry up. The daily trading volume is already low every and yet the company the one of the largest stock broking company Singapore. |
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Don't understand why keep buying when Mr Wee is not interested to take the company private. If he keeping.. the liquidity of the stock will be dry up. The daily trading volume is already low every and yet the company the one of the largest stock broking company Singapore.
CLARIFICATION ANNOUNCEMENT
The Board of Directors (the &ldquo Board&rdquo ) of UOB-Kay Hian Holdings Limited (the &ldquo Company&rdquo ) notes that Mr Wee Ee Chao&rsquo s (&ldquo Mr Wee&rdquo ) aggregate interest in the shares of the Company (the &ldquo Shares&rdquo ), through U.I.P. Holdings Limited (&ldquo UIP&rdquo ) and K.I.P. Inc (&ldquo KIP&rdquo ), has increased to more than 30 per cent. of the total issued Shares, following the issuance of additional Shares to UIP and KIP (the &ldquo Scrip Dividend Issuance&rdquo ) pursuant to their participation in the UOB-Kay Hian Holdings Limited Scrip Dividend Scheme in respect of the first and final dividend for the financial year ended 31 December 2019 (the &ldquo Scrip Dividend Scheme Participation&rdquo ).
The Board has been informed by Mr Wee that he and persons acting or presumed to be acting in concert with him under the Singapore Code on Take-overs and Mergers collectively already have an interest in more than 50 per cent. of the total number of issued Shares prior to and following the Scrip Dividend Issuance and that he has received a confirmation from the Securities Industry Council that he, UIP and KIP will not be required to make a general offer for the Company as a result of their aggregate percentage shareholding in the Company increasing to 30 per cent. or more due to UIP&rsquo s and KIP&rsquo s Scrip Dividend Scheme Participation.
UOB-Kay Hian Holdings
Between Sept 17 and 23, UOB-Kay Hian Holdings (UOBKH) chairman and managing director Wee Ee-chao acquired 118,200 UOBKH shares for a consideration of S$148,550 at S$1.26 per share.
This increased his total interest in UOBKH from 30.62 per cent to 30.63 per cent.
The five filed transactions represented 10 per cent less shares acquired but the same paid average price as his preceding acquisitions between Sept 10 and 16.
Besides his stockbroking involvement in UOBKH, Mr Wee is also involved in investment and real estate development in the region.
He serves on the board of Haw Par Corporation and UOL Group as a non-executive director and is a director of Kheng Leong Co Pte Ltd and Wee Investment Group.
Mr Wee' s total interest in UOBKH has gradually increased from 29.49 per cent at the end of 2019, and increased from 27.98 per cent at the end of 2018.
