Another company, United Engineers is in the process of being take over by Yanlord and Perennial Real Estate that will be worth $1.83 billion but the price gap down!! There had been a lot of take over and privatization news lately and it seemed that many stocks are waiting to be buy out. I am not too sure what are the exact details but the chart indeed reflects behavior of being take over. To find out more, read the link below. My job now is to search for more such companies that has potential of being take over. In recent months, there were GLP, CWT, Super Group, Croesus RTrust, UOL, UIC. So now, the theme is more on take over and privatization and it's time to search for some future good ones.
http://www.straitstimes.com/business/companies-markets/yanlord-perennial-led-consortium-acquires-key-stakes-in-united-engineers
Ronald K - Market Psychologist - A Stock Market Opportunist
