Who says Tuan Sing is going private?

PRIVATISATION is not on Tuan Sing Holdings' cards despite a stock price that some observers say is "severely undervalued" and has been trading at a widening discount to its net asset value (NAV).

Talk sparked that some developer companies may also be taken private after United Industrial Corporation last month took back its subsidiary, Singapore Land, for $761.67 million amid poor market sentiment for the residential property segment.

Tuan Sing is among a number of property development companies trading at huge discounts to their stated values, as investors sell developer stocks in anticipation of a market downturn.