Crane operator Tiong Woon is very under-rated, says brokerage Lim & Tan
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Tiong Woon's gearing stands at 33 per cent, but most of the debt is secured by the firm's new headquarters.
PHOTO: TIONGWOONTWC/FACEBOOK
SINGAPORE - The stock of listed crane operator Tiong Woon Corp (TWC) surged more than 15 per cent on Wednesday (June 30) after Lim & Tan Securities initiated coverage on the company, citing it as an overlooked regional giant.
The counter closed 7.5 cents higher at 56 cents, after the financial house tagged a target price of 84 cents on it.
