Haw Par / UOL

Bank Divestments / Haw Par / UOL: NRA believes investors could try to chase the next deal. Notes the FNN saga was partly sparked by OCBC wanting to sell its FNN stake, a reflection of current capital rules that no longer count equity holdings as Tier 1 capital. Along these lines, NRA thinks UOB might be willing to sell its stakes in Haw Par and UOL. Haw Par last closed at $6.95, recently marking a multi year high. UOL last closed at $6.35, continues to create new all time highs.