Wing Tai, GuocoLand boards should do more to address their stock price's big discounts to book value
LAST week, two established property groups reported decent results for the financial year ended June 30, 2021 (FY 2021).
Minority shareholders of GuocoLand and Wing Tai Holdings, while probably thankful that the groups are performing fine in spite of the pandemic, may wonder if more can be done to improve the values of their shares.
GuocoLand posted a 48 per cent year on year (yoy) increase in net profit to S$169.1 million, despite a 9 per cent fall in revenue.
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