Home Capital Broker's Calls

Why undervalued Tuan Sing is a 'buy': DBS

Jeffrey Tan
Jeffrey Tan9/16/2020 12:14 PM GMT+08  • 1 min read
Why undervalued Tuan Sing is a 'buy': DBS
According to the brokerage, the company is currently trading between one and two standard deviations below its three-year mean.
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.

DBS Group Research has maintained its “buy” call for Tuan Sing Holdings with an unchanged target price of 44 cents as it believes that the undervalued company may realise its upside potential.

According to the brokerage, the company is currently trading between one and two standard deviations below its three-year mean.

The low valuations could be due to Tuan Sing’s high net debt-to-equity and low interest coverage ratio.

×
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.