On the other hand, the group trades at a market capitalisation of $124 million, representing a 32% discount from book value.
SINGAPORE (Oct 3): Tayrona Financial is rating TA Corporation “overweight” with a high-average return and low-average risk classification, along with a fair value estimation of 35 cents.
In a Tuesday report, analyst Liu Jinshu says, “We highlight TA Corporation as an undervalued counter with the potential of returning $123.53 million of development profit and fair value gains ($44.7 million from Singapore and $78.8 million from Cambodia) from its equity of $182.76 million as at June 30, 2018.”
