18-03-2024, 12:47 AM
If you read the slides in details, one noticeable thing is that YZJFH has $909 million in Singapore in cash management account. $337 million in its Singapore funds,investments and $719 million in China as cash management.
YZJFH market cap is $1.133 billion. To me, how the market seems to be valuing is that many of YZJFH investment are worthless or haircuts have to be taken to its cash holdings.
With 80% of its market cap attributed to the cash holdings in Singapore, I do feel YZJFH is being underpriced. What is needed is for Mr Ren to take on some friendly shareholder returns action such as an aggressive SSB amounting to 10% within a year (set aside $115 million) on top of dividends. YZJFH can easily do that since it has so much cash now idling in Singapore
<Still vested as a core but have not increased my holdings for about a year>
YZJFH market cap is $1.133 billion. To me, how the market seems to be valuing is that many of YZJFH investment are worthless or haircuts have to be taken to its cash holdings.
With 80% of its market cap attributed to the cash holdings in Singapore, I do feel YZJFH is being underpriced. What is needed is for Mr Ren to take on some friendly shareholder returns action such as an aggressive SSB amounting to 10% within a year (set aside $115 million) on top of dividends. YZJFH can easily do that since it has so much cash now idling in Singapore
<Still vested as a core but have not increased my holdings for about a year>