In today’s briefing:
- Haw Par Corp Is Still Trading Cheap
Haw Par Corp Is Still Trading Cheap
- Last November I highlighted Haw Par Corp (HPAR SP)‘s multi-year trough levels on an implied stub valuation, and on an HPAR/UOB (UOB SP) ratio.
- That trade has panned out well as the ratio steadily increased. But it remains below the 200 MDA.
- A recovery in Tiger Balm sales is expected in Haw Par’s full-year results later this month. UOB’s financials, and UOL (UOL SP)‘s, are also due out this month.
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