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NRA Capital says Trendlines is worth more than meets the eye

PC Lee
PC Lee11/27/2017 2:38 PM GMT+08  • 3 min read
NRA Capital says Trendlines is worth more than meets the eye
SINGAPORE (Nov 27): NRA Capital has found 11 “hidden gems” within Trendlines’ portfolio and derived a higher valuation of US$139 million ($187 million) or 22.5 cents per share.
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SINGAPORE (Nov 27): NRA Capital has found 11 “hidden gems” within Trendlines’ portfolio and derived a higher valuation of US$139 million ($187 million) or 22.5 cents per share.

Currently, Trendlines trades at 15 cents or 0.73 times book value and 14.6 times FY18 earnings, meaning the full upside of potential exits has not been priced in.

In a Monday report, analyst Liu Jinshu says NRA have identified 11 high confidence portfolio companies with high growth promise which could be sold off.

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