I recently initiated a new position for Tuan Sing at a share price of 47.5 cents for 40,000 shares.
Tuan Sing caught my eye only recently after the report from UOB came out back in Nov last year, highlighting a few of their solid development and investment properties on hand. Since then, I’ve been studying the company to understand it a little better.
The company has been undervalued for a long while, and it continues to be so until the recent few years when they build up market cap to compete with the rest of the other big boys.
I feel there’s a lot of momentum for developer this year, hence I wanted to build a larger exposure apart from the other property play (Ho Bee) I have.
I was looking for a momentum play, company that issued a clear guidance of what’s going to come in the next …