Stock Name: UE E&C
Company Name: UE E&C LTD.
Company Name: UE E&C LTD.
| Research House: OCBC | Price Call: BUY | Target Price: 0.81 |
Shares of UE E&C jumped as much as 5% to a record high, on expectations the construction and engineering firm will pay attractive dividends and its expansion into property development will help boost margins.
UE E&C was up 3.5% at $0.74 with more than 4.6 million shares traded versus average daily volume of 4.1 million over the past 30 days. The stock rose 22% last week.
On Friday, OCBC Investment Research upgraded UE E&C to buy from hold and raised its target price to $0.81 from $0.65.
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