UE E&C

UE E&C: has been awarded a $21m contract by Daewoo engineering & Construction, for nominated sub-contract works for Electrical & ELV Services Installation and Sanitary, Plumbing & Gas Services Installation for the proposed condo devt at Whampoa East. The contract period is for 30 mths and the project is expected to be completed by Sep ’15. The counter last closed at $0.72. UE E&C is one of the cheaper engineering and construction plays, at 4x P/E and offering 6.9% yield.