Rich ‘kid’, poor ‘dad’: A look at undervalued parent companies

What do Singapore-listed companies like Singapore Telecommunications (SGX:Z74) (Singtel), Fraser and Neave (F&N) Singapore (SGX:F99) , and Wilmar International (SGX:F34) have in common?

At first glance, not much. But dig just a little deeper and you will find that all three companies own stakes in separately listed subsidiaries whose values are near or even higher than their own.