Singhaiyi Group, moulding of a new gem

Singhaiyi group involve in property investments and developments in Singapore and United States. It also hold properties in Malaysia.

One of the key reason why i think it is a gem is because of the strong management team on the board. More info can be viewed here

Neil Bush is the non-executive chairman of the group. Mr. Bush is the third of five children of the 41st United States President, Mr. George H.W. Bush.

Singhaiyi's net asset value stood at 16 cents while it is only trading at 10 cents. Since Dec 15, Gordon Tang who is non-executive director, together with his spouse, Celine Tang, who is the group's managing director started buying back shares from the market.

SingHaiyi is known for its investments in undervalued assets in the US. The group bought three US properties at steep discounts to their market values over the past two years, some as large as a 77 per cent discount to net book value, with a view to enhance their values via redevelopment. Two of the assets are in the San Francisco Bay Area.

SingHaiyi also has strong backing from a sponsor, American Pacific International Capital (APIC), which has over 13 years of experience in the US.

Source: http://www.businesstimes.com.sg/companies-markets/brokers-take-rhb-issues-buy-call-on-singhaiyi-on-strong-us-sponsor-backing