WILL THIS SLEEPY UNDERVALUED FINANCIAL STOCK BE PRIVATISED NEXT?


Singapore Stocks
Dear readers, with the recent lacklustre stocks environment, I believe investors are already fretting what to do with their investments: to sell before the stocks markets head further south and get corrected? Or to buy more of selected stocks at current prices? With investors already busy fretting about these decisions, I believe investors have hardly time to think about whether certain stocks would get privatized and to buy them now before they are privatized at a good premium.

What if I tell you that there is an undervalued stock which currently has a potential of delisting?

An undervalued stock which has seemingly good fundamentals as below (based on 2 Aug 18 prices):

a) P/B: 0.675

b) Dividend Yield: 4.61% (dividends paid out annually)

c) Undemanding P/E ratio: 10.538

And what if I were to tell you that the controlling shareholders have been buying the shares such that as of Nov 2017, their stake in the company was just under 29.1% but as at Jun 2018, their stake has increased to 29.995% which is just below the 30% threshold that would trigger a mandatory general offer?

What is the name of this stock? And is this stock attractive for investors to take a look at this sleepy stock again?

I will be sharing the name of this stock in one of my next posts, so stay tuned to Singapore Stocks Investing: Singapore’s most hardworking financial and investment blog for All Investors!

In the meantime, if investors think they know which stock I am mentioning about, please feel free to comment on Singapore Stocks Investing Facebook. Or perhaps just share this post on your Facebook profile to see whether any of your investment-savvy friends know about this little sleepy stock which I am talking about.

No prize for the correct answer but you earn a little pat from Tom K for being a truly Singapore Stocks Investor!

Anyone game enough to guess the name of this sleepy stock?

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