Investor Activism Heats Up at United Overseas InsuranceWhy UOI’s Haw Par Holdings Matter
A brewing shareholder battle at United Overseas Insurance (UOI) has the potential to shift the focus to Haw Par Corporation, a company deeply intertwined with the UOB Group. Minority investors, led by former remisier Ong Chin Woo, are pushing for UOI to distribute
3.42 USD
170.81 M USD
183.20 M USD
About Haw Par Corporation Limited
Sector
Industry
CEO
Ee Lim Wee
Website
Headquarters
Singapore
Founded
1969
ISIN
US4196641074
FIGI
BBG00253HCG1
Haw Par Corp. Ltd. is a holding company, which engages in manufacturing, marketing, and trading of healthcare products. It operates through the following segments: Healthcare, Investment, Property, and Leisure. The Healthcare segment produces and distributes topical analgesic products under the Tiger Balm and Kwan Loong brands. The Investments segment engages in investing activities such as quoted and unquoted securities in the Asia region. The Property segment owns and leases out several investment properties in Asia. The Leisure segment provides family and tourist oriented leisure activities mainly in the form of oceanariums. The company was founded in 1969 and is headquartered in Singapore.
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Haw Par All Time HighHaw Par is one of the main shareholders of UOB and UOL Group. While Singapore bank stocks are reaching all-time highs, the investment holding company behind them is the direct beneficiary. The technical chart shows that Haw Par has broken through the resistance. Let's see whether the share price sus
Haw Par - Upside rally expectedAfter a slight rebound with a bullish morning star formation at S$11.55, the stock is likely to continue its bullish upside. Furthermore, prices have briefly broken out of the falling wedge. A successful break above key resistance zone at S$12.04 will further confirms the falling wedge
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Moving Averages
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