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Company Watch
Undervalued Tuan Sing set to get major IPO boost
Potential listing of GulTech Jiangsu may double property firm's market cap
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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.
