"There exists a notable perception gap between the market’s perception and reality regarding TWC’s capabilities, which are on par with international industry giants, yet remain relatively unknown. This presents a strong potential for a re-rating," the analysts note.
Lim & Tan's Nicholas Yon and Chan EN Jie have maintained their "buy" call on Tiong Woon Corp, citing how the crane operator stands out as a rare listed entity here that has a positive outlook of its business and of its industry.
In their Oct 25 note, Yon and Chan figure that the company, as a regional heavyweight in the heavy lift industry, is trading at a significantly undervalued level.
