I have been watching out for a few lists of property stocks lately where they are trading at a discount to their book value. This is not surprising given the disappointing market sentiment towards various property curbs we have in Singapore such that companies are holding massive amount of property development in their books, and with prices going southwards, we have a discount to their book value. YTD the stock has been underperforming the STI index by returning about negative 10%.

OUE is one of the stocks that caught my attention given their attractive valuations (I will talk about it more in detail below). Because of this, I have initiated a small position of 5 lots at a price of $2.16.

OUE Limited is an investment holding company which have operations in the Hospitality, Commercial and Residential development. They have recently found ways to unlock shareholder’s value by incorporating ...