UDL Holdings

PUBLISHED : Sunday, 07 July, 1996, 12:00am
UPDATED : Sunday, 07 July, 1996, 12:00am

UDL Holdings failed to soar after a brokerage tipped the new airport and Lantau port as a winner for the stock.

A year ago China Everbright Securities said UDL, whose subsidiaries provide engineering and shipbuilding services, had bright prospects.

Its buy recommendation proved poor advice. UDL shares tumbled after net profit slid 25.15 per cent for the six months to September. A year ago its shares traded at 95 cents. They are now at 75 cents, having underperformed the Hang Seng Index by 31.02 per cent.

The analyst who wrote the report has since left the brokerage.