Home Capital Broker's Calls

The discount to RNAV of this mid-cap developer will shock you

PC Lee
PC Lee2/22/2018 11:26 AM GMT+08  • 2 min read
The discount to RNAV of this mid-cap developer will shock you
SINGAPORE (Feb 22): Maybank Kim Eng is maintaining its "buy" on Bukit Sembawang given it is a proxy for the cyclical upturn in Singapore’s residential market, adding this under-the-radar mid-cap developer is attractively priced against the large
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Feb 22): Maybank Kim Eng is maintaining its "buy" on Bukit Sembawang given it is a proxy for the cyclical upturn in Singapore’s residential market, adding this under-the-radar mid-cap developer is attractively priced against the large caps.

The earnings of this developer are also expected to rebound in FY19/20 after six years of decline.

It also has a pristine balance sheet with $227 million net cash and attractive valuation at 41% discount to RNAV.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.