As UOL bought additional 133.6 million UIC shares from United Overseas Bank at S$2.40 a share as published on 22 December 2010, UOL has made $53 million paper profit since UIC closed at $2.80 on 14 January 2011.

Not a bad deal for less then a month of desktop corporate game.

For UOB shareholders, thank you for your kindness. It is a season of sharing!

UIC has never closed lower then the previous day for 14th consecutive days.

Today, 14 January 2011, UIC closed 1 cent lower at $2.80. Therefore, the chain broken?

My answer is: NO!

Let't take a look at the closing information:

The price closed at $2.80 but the buyer willing to buy at $2.81! The reason why the price closed 1 cent lower is because no willing seller to sell.

Therefore, your view?   lol

Yesterday, 12 January 2011, UIC has a significant gap up of 3 cents from $2.71 to $2.74.

If we look at the history of UIC, the event of gap up is very very rare (if you can find one).

We may find similar bullish price movement in UOL and SP Land. It worth to note that SP Land has a much smaller gap of 1 cent from $7.65 to $7.66.

The gap up of UIC is not event driven, but rather help by low liquidity and persistent buying up.

I am suspecting that the buying force since the last chunk of bulk $2.40 transaction is purely originated from retail investors. The lack of announcement from the major shareholder seems confirming this hypothesis.

The gradient of the price climbing up is getting too steep and the buying force has to catch up to support it. I start to believe that the gap covering to $2.71 is imminent.

$2.70 is the next milestone!

Today, 10 January 2010 is a bloody day for STI with the index dropped more then 30 pts. The plunge not just confined to Jardine Group of companies, but rather broadbase. Nontheless, some are spared. One of them is UIC.

Being an illiquied stock, the chance for it to survive the first wave of general market sell-off is high. However, as an investor in UIC, I think the price action today is remarkable because it hit the new high when the market under intense selling.

If you look at the 3 trades at the late afternoon which path the way for the post-crisis record high at $2.65, obviously someone is not shaken by the general market sell-off. Instead, somebody is executing an pre-planned agenda.

We may need to wait for weeks before we knowing who has bought at this price from the announcement, if they are major shareholder.

This year we have have M&A activities like Maybank buying Kim Eng. I believe someone will take action before the properties price at Marina Bay shot up pending the full development of the facilities and attraction there.

The dust finally settled at $2.61, up 2 cents.

It worth to note that UIC has never closed lower then previous day since 27 December 2010. Today is 6 January 2011.

Another positive point is the trading range start to widen after breaking through the all important twizzer top at $2.50.

If that is not enough, the closing price in last two days is the highest price of the day.

However, there is not much things to celebrate now because the action is mostly due to the continue accumulation by retailers like you and me.

We are in for the marathon!

Comments are welcome.

Appeared on The Edge this week as one of the redevelopment project which slated to be completed by year 2015.

The current trend of the new high end and sophisticated building is the extensive use of glass and glass.

The design of the building is obviously out dated. Hope there will be a face lift.