Company Watch

Undervalued Tuan Sing set to get major IPO boost

Potential listing of GulTech Jiangsu may double property firm's market cap

Tuan Sing Holdings posted an 80 per cent surge in net profit to $60 million for the year ended Dec 31 last year. And this number will surge to $180 million this year, thanks to a gain of $160 million from the $500 million sale of its Robinson Point p
Tuan Sing Holdings posted an 80 per cent surge in net profit to $60 million for the year ended Dec 31 last year. And this number will surge to $180 million this year, thanks to a gain of $160 million from the $500 million sale of its Robinson Point property (above). PHOTO: CBRE
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The Singapore Exchange is full of companies that are unappreciated, under-researched and undervalued, including property player Tuan Sing Holdings.

Despite decent results, strong management and a ground-breaking deal in China, the stock trades at half its net tangible asset (NTA) value.

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A version of this article appeared in the print edition of The Straits Times on June 24, 2021, with the headline Undervalued Tuan Sing set to get major IPO boost. Subscribe