Thursday, January 6, 2011

UOL - UOL Group rated 'buy' by Nomura

Stock Name: UOL
Company Name: UOL GROUP LIMITED
Research House: Nomura

Nomura on a Jan 3 research report says: "On Dec 22, UOL announced the acquisition of UOB's 9.7% stake in UIC at $2.40 per share. The deal is a NAV-accretive one, which gives UOL a bigger share of UIC Building's redevelopment's potential gain and greater control over MCH.


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