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09-12-2012, 12:43 AM
(This post was last modified: 09-12-2012, 12:57 AM by Curiousparty.)
Kazumichi Mandai has been appointed ID wef Dec 2012....
He used to be President, Sumitomo Rubber Latin America, Chile....
New corporate development?
But my Chinese friends in CHina are saying Japanese products (cars, etc) are suffering from drastic drop in sales due to the boycotting....
How immune is tyre distribution business to this type of boycotting?
Stock at steep discount to NTA
Our Group NTA has risen to 48.12 cents as at 30 April 2012.
Going by the average closing price of Stamford Tyres shares
of about 30 cents over the past year, this means we are
trading at a steep 38% discount to book value. The discount
would be even steeper if the NTA is computed to factor in
the surge in industrial real estate values in Southeast Asia
in the past years. Stamford Tyres owns leasehold titles to
over 35,000 square meters of industrial land in Singapore
(currently occupied by our warehouses, service centers, tyre
retail centers and showrooms).
He used to be President, Sumitomo Rubber Latin America, Chile....
New corporate development?
But my Chinese friends in CHina are saying Japanese products (cars, etc) are suffering from drastic drop in sales due to the boycotting....
How immune is tyre distribution business to this type of boycotting?
Stock at steep discount to NTA
Our Group NTA has risen to 48.12 cents as at 30 April 2012.
Going by the average closing price of Stamford Tyres shares
of about 30 cents over the past year, this means we are
trading at a steep 38% discount to book value. The discount
would be even steeper if the NTA is computed to factor in
the surge in industrial real estate values in Southeast Asia
in the past years. Stamford Tyres owns leasehold titles to
over 35,000 square meters of industrial land in Singapore
(currently occupied by our warehouses, service centers, tyre
retail centers and showrooms).
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