Other than the listing of Nio, SGX has added another company called Yangzijiang Financial Holdings. The company belongs to the former financial arm of Yangzijiang Shipbuilding, which is currently an STI blue chip stocks. The latter had spun off its financial arm to realize its value. However, the market has sold down the stock continuously and in my view, the company is now in a value range to buy and accumulate. My view is that the company is worth 72 cents per share. Balance Sheet of YZJFH YZJFH holds no debts, its assets are mainly made up of debt instruments in China, equity funds and cash. It is an investment company. Based on Yangzijiang shipbuilding's circular, YZJFH has a net asset value of RMB 20 billion ( approx SGD$4.14 billion). This is the first indicator of it being undervalued. At current market value of SGD$1.7 billion, the company is only worth 0.41 times of its book value....