Undervalued Stocks

CEO of Delong has just acquired more than 15% shares at a premium of 60%. Purchase price at about $7 and current trading price $5.80

SUNNINGDALE -- Price currently below major shareholder’s last purchase. After the price retracement, Sunningdale is trading at an 18% discount to the last acquisition price of S$1.71.

13m shares were bought by its chairman Koh Boon Hwee.

good call on Delong, Walter. The share has gone . Inclusive of dividend, the share price is about $7. Still ok to hold, Walter?

Controlling shareholder of DELONG has made a takeover offer at S$7.00.

Trailing PE only 1.86X.

This share was also offered a takeover by the CEO, although it was unsuccessful due to breaching of some SGX rules and regulation