Tayrona Financial Pte Ltd
TA Corporation Ltd - Company note(Image)

TA Corporation Ltd - Company note

Solid business backed by real assets

We highlight TA Corporation Ltd as an undervalued counter with the potential of returning S$123.53m of development profit and fair value gains (S$44.7m from Singapore and S$78.8m from Cambodia) from its equity of S$182.76m as at 30 June 2018. Conversely, the group trades at a market capitalisation of S$124m (32% discount from book value). Factoring in the full value of its property portfolio, we derived a fair value of S$222.24m (S$0.350 per share on a fully diluted basis). Hence, TA Corp presents significant upside from its current share price of S$0.240.

More company reports

Report titleDate
TA Corporation Ltd - Company note
Solid business backed by real assets
02 October 2018


Access to this Web site is granted by NRA Capital Pte. Ltd. strictly on the terms and subject to the conditions set out hereunder. By entering into the Web Site, Subscriber is deemed to have accepted and agreed to be bound by the terms and conditions  set out hereunder.