When a stock is at a deep discount to RNAV, there are always some hard-core lovers whose love is never returned: bit like Desmond Choo’s love for Hougang voters who rejected him decisively in 2011 and who will reject him again soon.
What I wrote abt CIMB’s love for it in 2009
United Engrs is another tan ku ku stock like Haw Par. Except that the controlling shareholder behind Haw Par is the Wee family behind UOB. Behind United Engrs is Ms Chew Gek Khim. Her track record is unproven, her bet on Straits Trading has yet to pay off. Her chief claim to fame is that she is the granddaughter of Tan Chin Tuan (Tony Tan’s uncle), a mythical figure in local business.
I mean she could turn out to be like Yaw, disappointing investors, rather than the people of Hougang.