Tee International is a mechanical and electrical engineering company and sometime real estate developer. As its engineering business accounts for more than 90% of its revenue, it seems like another logical beneficiary of the increase in expenditure on public building projects in the region.

As of 12 March 2012, the company has an order book of S$350.7m for its engineering segment alone. See: here.

Today, I bought some shares at 22.5c a piece as news that "Bertie Cheng, its chairman, and Phua Chian Kin, the group's CEO and managing director, are the subject of CAD investigations on the possible contravention of market rigging provisions in the Securities and Futures Act" (Source: CNA) for the period of July 2008 to March 2009 sent its share price tumbling from 25c to a low of 21.5c.

Do I think that 22.5c is cheap enough to long the stock? Fundamentally, I ...