United Engrs and Desmond Choo

When a stock is at a deep discount to RNAV, there are always some hard-core lovers whose love is never returned: bit like Desmond Choo’s love for Hougang voters who rejected him decisively in 2011 and who will reject him again soon.

http://sgstockscreener.blogspot.com/2012/05/united-engineers-outperform-by-cimb.html

What I wrote abt CIMB’s love for it in 2009

https://atans1.wordpress.com/2009/12/17/the-perils-of-buying-on-nta-calculations/

United Engrs is another tan ku ku stock like Haw Par. Except that the controlling shareholder behind Haw Par is the Wee family behind UOB. Behind United Engrs is Ms Chew Gek Khim. Her track record is unproven, her bet on Straits Trading has yet to pay off. Her chief claim to fame is that she is the granddaughter of Tan Chin Tuan (Tony Tan’s uncle), a mythical figure in local business.

I mean she could turn out to be like Yaw, disappointing investors, rather than the people of Hougang.

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China Water Play: and its not an S-Chip

United Envirotech is owned by local blue chip UEL

OCBC likes the stock despite revising its value downwards by 5% to 0.65. When report was issued on 2 February, the stock had closed at 0.455.