Popular Holdings: Value stock trading below book value

by Junming on July 20, 2013

In my search for investment ideas, I read extensively on investment website, blogs and publications. I recently come across an investment thesis for Popular Holdings from beyondproxy that I would like to share with readers. Most readers of this blog will be familiar with Popular. Popular has 64 stores in Singapore and is well known among Singaporean as a bookstore that sells storybooks and assessment books. Retailing and distribution of books, stationery and magazine is considered a boring and non-growth business. Besides books business, it is also involved in property business and publishing business. In the investment thesis outline, Popular Holdings is trading at below estimated book value of $0.29 and is estimated to be worth at least 35 cents

Below is the investment thesis for Popular Holdings from

Popular Group started in 1924 as World Book Company which was engaged in distribution & publishing of Chinese (Read more…)

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