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(16-04-2021, 12:33 PM)Shiyi Wrote: I have been holding this share for more than a decade. It has been traded consistently below its NTA. And imho, it's due to the family feud. Waiting for someone to unlock its value. Or else, it looks like a value trap.
Recent accumulation by Chua Wee Keng is promising.
It is not only this issue that you have bought out. It can be a combination of various factors for a stock to consistently trade below NTA. Like low earnings, lack of PR, lack of media and analyst coverage etc.
I once attended the AGM of this company before. To my surprise, not much public shareholders (excluding their staff) attended the meeting. Besides me, I think there were less than 5 other shareholders from the public. This shows that the market is either not aware or not interested in this company.
Given time, I believe that the market will re-rate the stock as they have started to show improvements in their results as I have detailed above. We just have to be patient.
Also, please note that Chua Wee Keng is not a new shareholder. He had been holding Engro stake at around 5% and thereabouts in the company for quite sometime before aggressively buying the stock in the market lately.