Undervalued stocks: Seeking discounts in the stock market run-up
Monday, 17 January 2011
Monday, 17 January 2011
© 2011 - The Edge Singapore
Tuesday, January 18, 2011
Are there still bargains in Singapore?
It looks like most stocks on the local front have peaked, as the STI nears its all-time high of 3,900. What choices are we left with on the local front? According to the accompanying article, hotel stocks like Orchard Parade Holdings, Hotel Grand Central and Hotel Royal and upscale property developer Ho Bee are trading at significant discounts to their NAV. They may see a re-rating soon. By the way, I held my wedding at Orchard Parade Hotel. A sentimental punt on it? Not yet, as I still am expecting a correction. Even then, I may still find blue chips more attractive.
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