Tuan Sing (T24.SG) is +14.9% at $0.27 on strong volume. Traders cite a column in today's Business Times paper, highlighting the property group as an undervalued stock, as a reason for the jump.

Even at the current price, the stock trades at only 0.6x P/B, one of the lowest for Singapore developers.

Interest picked up even before today’s run-up, with the shares +9.3% since beginning December following Tuan Sing's success with 2 property acquisitions in Singapore: $99.1 million for Serene House and $123 million for a land parcel, both of which will be developed into housing projects.

The company is also deemed a beneficiary of the growing interest in Singapore‘s office market, as it owns 2 properties in the central business district. Resistance is expected at $0.30, last tested in May 2008.