As at Dec 31, 2022, Tuan Sing’s net asset value was around $1.22 billion, which works out to 100.4 cents per share. This amount is slightly reduced from the 104 cents as at Dec 31 2021.
Tuan Sing Holdings has been steadily buying back shares since last month. The company, which has interests in real estate and hospitality, most recently acquired 11,000 shares at 33 cents each on the open market on April 27.
Earlier in the month, the company was buying back shares within a narrow price range as well. On April 3, 4 and 5, it had acquired 15,000 shares at 33 cents each, 11,000 shares at 33.5 cents each, and 6,000 shares at between 33.5 cents and 34 cents each respectively.
