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COMMENTARY

Opportunities in stocks of three high-end developers

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Wing Tai Holdings, the developer of condos such as Nouvel 18 (above), is now trading at 42% of its last reported book value of S$4.04 per share as at end June 2016.

AN adage in investment circles goes: be greedy when others are fearful. Equity markets are forward-looking and when participants grow overly pessimistic about the future, share prices fall too much. This creates opportunities for cool-headed investors who focus on fundamental value, realistic