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26-05-2021, 02:35 PM
Net cash per share about S$0.95, while the price is S$1.11.
Basically 86% in net cash.
Add in the investment in Tongzhou, about 95% of market cap.
I reckon their remaining buildings are rather valuable as well:
* Alice@mediapolis where Yoozoo is the main tenant
* Braddel 351 with 60% committed occupancy
* Razer SEA HQ
* ex-IBM building in Tampines
* Vietnam Industrial estate.
And although quite badly hit in pandemic and still under continued headwinds, their E&C unit is also rather valuable.
With its track record in Industrial buildings and steps up ahead in advanced building skillsets, there are some values in this unit as well.
Once the wind turned, it'd be even more interesting.
Basically 86% in net cash.
Add in the investment in Tongzhou, about 95% of market cap.
I reckon their remaining buildings are rather valuable as well:
* Alice@mediapolis where Yoozoo is the main tenant
* Braddel 351 with 60% committed occupancy
* Razer SEA HQ
* ex-IBM building in Tampines
* Vietnam Industrial estate.
And although quite badly hit in pandemic and still under continued headwinds, their E&C unit is also rather valuable.
With its track record in Industrial buildings and steps up ahead in advanced building skillsets, there are some values in this unit as well.
Once the wind turned, it'd be even more interesting.