UIC / Sing Land / UOL

UIC / Sing Land / UOL: the stable of Wee companies (incl Haw Par) has been rising in tandem over the past mths. There has long been speculation about possible organizational restructuring amongst the Wee family holdings, however it has always been impossible to guess the Wee's exact intentions. In any case, UIC shareholder changes do hint at possible changes in the horizon, with significant sh/h UOL having increased its stake via the open mkt in Aug , and Mr Wee Cho Yaw maneuvering his own personal stakes in UIC amongst his private vehicles. Recall Mr Wee and John Gokongwei (via JG Summit) have been in a tussle over this company for many yrs now. For Sing Land, Fraser earlier this wk reiterated its Buy rating with TP $9.71 , following the release of Aug new home sales.