Fred189sg
commented on
$Yanlord Land (Z25.SG)$ The cumulative volume since the run up is around 16% to 17% of outstanding shares. This accounts for more than 50% of the free float of Yanlord. Imagine close to S$200m transacted in this company. Not many people realised that they are sitting on a few huge investment gem in Singapore. Any sale or realisation of these investments could easily be used to fund share buybacks. Possible privatisation candidate given the recent volume accu...
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Fred189sg OP 101562138 : noticed the crown jewel is the 65k sqm UE Square comprising Office, Hotel and Commercial. 3k psqft = $2.3bln. Collectively the assets in Singapore, bulk of it belongs to United Engineers which it acquired in 2019/2020 at a discount to its NAV. Those assets collectively is more than $3bln. 50% gearing on these assets would have net equity of more than $1.5bn, which is the current market cap.