In his Aug 28 note, Advanced Holdings (ADV) and Koyo International are deemed as "compelling opportunities among the deep-value players. ADV and Koyo International appear in at least two out of the three deep-value metrics.”
Nirguan Tiruchelvam of Aletheia Capital has identified a handful of Singapore Exchange-listed stocks that he believes are “deeply undervalued opportunities”.
To do so, he has applied three valuation metrics to assess balance sheet strength: net cash to market capitalisation, new working capital to market cap and net-net working capital to market cap.
