Thursday, October 17, 2013

UOL Group

UOL Group, the price 6.42 is still staying above support the ascending line and recently it has broken above down trend line and the price is also above (20MA & 40MA). 

If you are short-term trade there is a resistant at 200MA around 6.60 to take note, However, for mid-term if it can clear the resistant level it will move more upside to 7.00.

Business Summary

UOL Group Limited (UOL) is engaged in investments in properties, subsidiaries, associated companies, listed and unlisted securities. The Company operates in three segments: property development, property investments and hotel operations. UOL, through its listed hotel subsidiary Pan Pacific Hotels Group Limited (PPHG), owns two acclaimed brands namely Pan Pacific and PARKROYAL. PPHG owns and/or manages over 30 hotels in Asia, Australia and North America with over 9,500 rooms in its portfolio. The Company owns and manages investment properties, which include commercial offices and retail malls, as well as serviced suites. The Company’s five commercial offices include Novena Square, United Square and Odeon Towers. The Company’s retail malls include Velocity@Novena Square, United Square and OneKM3. Effective September 25, 2013, UOL Group Ltd acquired the remaining 18.427% stake which it did not already own, in Pan Pacific Hotels Group Ltd.