To hold or sell deeply undervalued stocks, leave it to fate
Deciphering if, when, and how controlling shareholders will unlock value is difficult
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PEOPLE love bargains. They get a thrill when they manage to score a good deal.
I like bargains, too. Thus, I invested in reputable property groups that traded at large discounts to net asset value (NAV), such as City Developments Ltd , Frasers Property , GuocoLand , Ho Bee Land , Hongkong Land , Singapore Land Group , UOL Group and Wing Tai Holdings .
However, stocks seen as bargains often continue to be bargains, as these counters persistently trade at yawning discounts to book value.
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