(1) The company operates in the hospitality operation and property development activities in Malaysia and the People's Republic of China. It's Copthorne Hotel Cameron Highlands (picture below) is the only hotel situated at the highest accessible point of the highlands.
(2) Last quarter saw higher revenue, due to recognition of $3m on the sales of land in Punggol. Net profit was 2m vs net loss on 2Q2017.
(1) The counter is in net cash 60m, which is more than its market capitalization based on current trading price ~ 0.42. It could simply privatize itself.
(2) It was removed from SGX watchlist last April due to continually improvement in earning. Shall earning momentum maintain, its net cash position could swell further.
CHART:
The highest trading price was 0.55 on 2018 Mar. It translates to price to book 0.65x. Last trading price ~ 0.42 was undoubtedly under further discount from asset value.
http://aspire.sharesinv.com/57453/si-research-three-companies-with-the-lowest-pe/
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