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Full Version: Fung Choi Media Group
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Another one of those undervalued companies.

Book value of 42cents while it trades at 8.6c or almost an 80% discount to book value

While profits has been declining due to the current high inflation environment in China, the Supply Chain Management business is expected to grow in an economy which emphasizes on domestic consumption.

Closest comparable would be Teckwah or Tat Seng Packaging. Both of them are doing really well while fung choi lags behind.
yes this looks dirt cheap!
F&N bought Fung choi at 30+ cents last time
Any fundamental reasons for the cheap valuation?

(25-08-2014, 11:19 PM)propertyinvestor Wrote: [ -> ]F&N bought Fung choi at 30+ cents last time
(25-08-2014, 11:21 PM)Curiousparty Wrote: [ -> ]Any fundamental reasons for the cheap valuation?

(25-08-2014, 11:19 PM)propertyinvestor Wrote: [ -> ]F&N bought Fung choi at 30+ cents last time

Its main business operations are in China. But China market has outperformed our local market.
(25-08-2014, 11:19 PM)propertyinvestor Wrote: [ -> ]F&N bought Fung choi at 30+ cents last time

Has F&N divested?
(26-08-2014, 03:39 AM)value seeker Wrote: [ -> ]
(25-08-2014, 11:19 PM)propertyinvestor Wrote: [ -> ]F&N bought Fung choi at 30+ cents last time

Has F&N divested?

No. It is still the 2nd largest shareholder.
VBs here forgot it is a S-chip....
(26-08-2014, 10:35 AM)opmi Wrote: [ -> ]VBs here forgot it is a S-chip....
i agree. i was "misled" by "F &N" too. i tend to forget even professional or expert can miscalculate. Anyway, anything to do with S-CHIP (CHINA), i will be very careful.
(26-08-2014, 10:41 AM)Temperament Wrote: [ -> ]
(26-08-2014, 10:35 AM)opmi Wrote: [ -> ]VBs here forgot it is a S-chip....
i agree. i was "misled" by "F &N" too. i tend to forget even professional or expert can miscalculate. Anyway, anything to do with S-CHIP (CHINA), i will be very careful.

Are there any examples of S Chips being owned by local blue chip companies and where the number of Singaporean directors exceed the number of China Directors?
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