I was surprised to read that Popular is seeking to delist the company stock from the SGX. I thought Popular is doing well, as seen from its exposure to the Properties market, its thinking of the different business models (like starting English classes in China) and the ongoing holding of annual large Popular book fairs. There is only one practical reason which I think is behind the proposed delisting and that is Popular is undervalued and is not really appreciated by investors. This is inevitable as on the local stocks markets, I do not think there is a comparable company on its own for investors to draw comparison with and more importantly, books may seem to many, a sunset industry with many online competitors in the form of ebook stores and ebooks apps. What I feel somewhat encouraging is that at least Popular gives a good exit offer to its ......