Tuan Sing

I can't find any thread on Tuan Sing which has shot up with high volume today and yesterday cos of Serene House purchase. Just checkd stock is 25 cents but the Net Tangible Assets is 45.1 cents !!!

This is a grossly undervalud stock - another Gallant Venture in the making??

there is a thread on TS on shareowl.com. You need to be a suscriber though.

KIM ENG said that Tuan Sing, which has a market cap of S$269 million, is grossly undervalued because ....

A) It has stakes in SP Corp and Gul Tech. Take that out at market valuation, and the implied value of Tuan Sing's commercial office portfolio and its stake in two 5-star hotels in Australia is just S$180 million. The fair value instead should be around $410 m.

fyi, Kim Eng Research report

One December ago, this stock was picked by Sebastian Chong for a stock challenge. At that time, it was only 20.5 cents and tho it didnt really perform despite good fundamentals, it has now become a 40% return. You can see that back then the undervaluation was already obvious:

www.nextinsight.net/index.php/story-arch...-gain-after-6-months

Prof Sebastian Chong also picked Hong Fok as his core holdings. Worth a look!