Watchlist Updated

I have added a new company to my watchlist. You may view it by clicking on the right sidebar link.

Sunshine Holdings (Y34.SG) is currently priced at SGD 0.170 and I have calculated its fair value to be SGD 0.550. The company is principally engaged in the development of residential and commercial properties for both retail and office developments in selected cities in Henan Province, China. The company sells all the residential units and most of the commercial units, as well as provide property management services for its completed properties. It also leases out some of its commercial properties to retailers and companies.

Please be reminded that the companies listed on my watchlist are intended for long-term investing, so please do not expect instant gratification on the prices.