Hi everyone,
I used to be from Singapore.
UOB Kay Hian is in no way connected to Keppel Group or Singapore Petroleum (SPC).
UOB KayHian is a broking firm that's listed and it also like everyone else buys and sells shares for insto, etc.
I have known for a looooooooong time that SPC buys into CUE Energy. That's why I bought it, though at a higher price at .23 cents a while back.
Seems like China Petrol is EXPANDING big time.........
This oil thing only gets hotter by the day.............
Singapore Petroleum , or SPC is actually partly owned by Singapore Government through Temasek Holdings.
Meaning, SPC is a Government Linked Corporation (GLC).
Keppel Corp is another HUGE GLC in Singapore too.
Does any one know why SPC buys huge chunks of CUE 2 years ago and kept on accumulating it?
And you are saying now that UOB Kay Hian is buying big chunks of CUE too? Is that right?
Regards,
Agathos.
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