Commentary

Privatisation may be option for well-managed listed firms in S’pore with undervalued shares

Mr Chua Thian Poh controls listed property developer Ho Bee Land. PHOTO: BT FILE
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When investing in markets, look for big discounts on net asset value (NAV). Look for positive cash flows. Look at what the insiders and owners are doing. Look for companies where it no longer makes sense to be listed. Finally, look for companies with wealthy owners who are able to take their companies private.

Recently, I wrote that for property group Wing Tai Holdings, it is not a matter of if, but a matter of when this company goes private.

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