Does Chuan Hup offer any hidden value?

SINGAPORE (Apr 2): Chuan Hup Holdings showed up in our Singapore growth screener on March 19 with a five-year earnings before interest, taxes, depreciation and amortisation CAGR (compound annual growth rate) of 47% on a 12-month trailing EV/Ebitda multiple of 4.4 times. During the trade tariff tantrum that followed, Chuan Hup stood resolute at 30 cents as the Straits Times Index and its components gyrated. Its share price currently trades at a discount to its net asset value of 39.30 cents (30.61 US cents), based on its most recent results announcement and financials dated Dec 31. Chuan Hup’s NAV has fallen 3.8% since June 30, 2017, owing to a US$14.8 million ($19.4 million) decline in accumulated profits in 1HFY2018 (Chuan Hup has a June year-end).