SC Global is a pure (high end luxury market) property developer....which was beatened down last year.
Price/NAV = 0.985/1.488
= 0.66!! A screaming buy!
Their land banks and developed properties are along Orchard Road area and Sentosa Cove. They do have Australia properties as well.
The last quarter it reported a loss.....and there's build-up of completed luxury condos too.....i believe these has already been priced into the low stock price now.
It jumped with higher than average vol the last few days...now it is 1.05...and i see invisible hands collecting it.
BTW....daily share buy back occurred at 0.95. During the good times, it usually trades at a premium to share price.
Notice that the other small- mid cap developers(e.g Chip Eng Seng, Ho Bee, Wingtai) are moving too.
worth a look.
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