United Engineers

United Engineers: is +5.4% at $2.95 on above avg volume. The stock is up 22% from its low at $2.41 just two wks ago. There is no company specific news to update. Nevertheless the privatisation offer by SC Global may have triggered interest in other possible privatisation candidates. Recall that Straits Trading began a restructuring of its holdings last mth, kicking of with the proposed privatisation of WBL. There may be speculation that this restructuring could extend to other units held under the Straits Trading umbrella. United Engineers counts Great Eastern Life (12.1% stake), Lee Foundation (8.0%), WBL (7.2%) , OCBC (5.5%) amongst its largest shareholders, all of which have links in some form, back to Straits Trading.