Tuesday, February 22, 2011

United Industrial Corp downgraded to 'fully valued' by DBS

Stock Name: UIC
Company Name: UNITED INDUSTRIAL CORP LTD
Research House: DBS Vickers

DBS Vickers Securities in a Feb 21 research report says: "Net profit came in at $703 million versus a $142.8 million loss last year due to property revaluation effects. Excluding this, net profit would have been $237 million, down 2% y-o-y despite a 4% dip in revenue to $972 million on lower interest expense and higher associate contributions.

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