Is Tuan Sing overly discounted?
At at a price to NAV of just 0.445, investors are paying 41 cents to own a share having a net asset value of $0.9217.
How does this compare with other property developers?
0.444830205 Frasers Property 0.689789556 Capitaland 0.771010023 0.819331527Clearly Tuan Sing is a bit more undervalued compared to its peers.
What about its level of debt?
Debt/ Ebidta Frasers Property CapitalandHowever, Tuan Sing seems to have a very high level of debt relative to its peers.
One reason for its comparatively higher debt/EBITA ratio may be due to
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