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11-08-2021, 09:20 PM
Separate to the discussion so far, I bought into this (and China Everbright) thinking that the company will take some action to catalyse the price action, but getting disappointed. Granted, it is very difficult to know the underlying business of this company without grilling the management, but here's an announcement which I thought could be material:
https://links.sgx.com/FileOpen/SIIC%20-%...eID=663597
(1) Company does not believe the P/B ratio reflects the actual value of the company and has done share buybacks
(2) Company will strengthen communication with investors
(3) Pandemic has no impact to business, management affirms view that debt of local government has not much impact on company
Basically was hoping for the company to aggressively conduct share buyback, which should be more lucrative than undertaking new projects. So far, there seems to have minimal traction with new investors/analyst to rerate the stock. There's also not that much disclosure for investors to assess the projects.
https://links.sgx.com/FileOpen/SIIC%20-%...eID=663597
(1) Company does not believe the P/B ratio reflects the actual value of the company and has done share buybacks
(2) Company will strengthen communication with investors
(3) Pandemic has no impact to business, management affirms view that debt of local government has not much impact on company
Basically was hoping for the company to aggressively conduct share buyback, which should be more lucrative than undertaking new projects. So far, there seems to have minimal traction with new investors/analyst to rerate the stock. There's also not that much disclosure for investors to assess the projects.