Insiders at Second Chance Properties Ltd. Sell Stock as Market Valuation Descends to S$185M

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SECOND CHANCE PROPERTIES is a company that provides an opportunity for people with poor credit to buy a home. The company recently came under fire after it was revealed that insiders had sold stock before the market valuation descended to S$185 million. This past month, insiders must be relieved that they avoided the recent decline in market valuation. It is clear that those who sold the stock were aware of the impending decline and were able to take advantage of it. Critics have accused the company of being unethical and taking advantage of people with poor credit.

However, the company insists that it is providing a valuable service to those who may not be able to obtain a home loan through traditional means. It remains to be seen whether Second Chance Properties will be able to rebound from this recent setback. In the meantime, the company will continue to operate under scrutiny from the public and from investors.

Stock Price

Second Chance Properties Intrinsic Stock Value – So far, the news coverage on the company has been mostly positive. The company’s stock has been on a downward trend since early this year, and its market valuation has now descended to S$185 million. Some market watchers are attributing the stock’s recent decline to the possible negative impact of the US-China trade war on Singapore’s economy.

Second Chance Properties ($SGX:528) is a Singapore-based real estate investment trust that invests in properties in the United States. The company’s insiders have been selling their shares in recent months, which could be another reason for the stock’s decline. Whatever the reason, Second Chance Properties’ stock is currently trading at a deep discount to its book value.

VI Analysis – Second Chance Properties Intrinsic Stock Value

The intrinsic value of SECOND CHANCE PROPERTIES share is around SG$0.2, calculated by VI Line. The company’s fundamentals reflect its long term potential. The company’s current share price does not reflect this potential and is instead undervalued.

VI Peers

The competition in the home improvement retail industry in Malaysia is intense. Second Chance Properties Ltd, Tomei Consolidated Bhd, Acme Holdings Bhd and Mr D.I.Y. Group (M) Bhd are all vying for a share of the market. All four companies have their own strengths and weaknesses, and it is up to the consumer to decide which one they want to patronize.

– Tomei Consolidated Bhd ($KLSE:7230)

Tomei Consolidated Bhd is a Malaysia-based investment holding company. The Company, through its subsidiaries, is engaged in the manufacturing and trading of textile products, as well as the provision of management services. The Company’s segments include Manufacturing and trading of textile products, and Property investment and management services. The Manufacturing and trading of textile products segment is engaged in the manufacturing of textile products, such as curtains and beddings, as well as the trading of textile materials. The Property investment and management services segment is engaged in the property investment and management services.

– Acme Holdings Bhd ($KLSE:7131)

Acme Holdings Berhad is an investment holding company. The Company’s segments include Manufacturing, Property development, and Others. The Manufacturing segment includes the sale of electrical and electronics products. The Property development segment includes the development of residential and commercial properties. The Others segment includes the trading of palm oil products, as well as the operation of a hotel. The Company operates in Malaysia, Singapore, Brunei, Indonesia, and Thailand.

– Mr D.I.Y. Group (M) Bhd ($KLSE:5296)

M.D.I.Y Group (M) Berhad is a Malaysia-based company, which is engaged in the retailing of do-it-yourself and home improvement products. The Company’s segments include Retail, which is engaged in the sale of do-it-yourself and home improvement products; and Property, which is engaged in property development, investment and management. The Company operates a chain of stores under the name of Mr. D.I.Y. The Company’s product categories include building materials, electrical, plumbing, tools, household, automotive, gardening, stationery, paint and others. The Company’s subsidiaries include M.D.I.Y Marketing Sdn. Bhd., which is engaged in the sale of do-it-yourself and home improvement products; M.D.I.Y Properties Sdn. Bhd., which is engaged in property development, investment and management; and Kedai Perabot Mr. D.I.Y Sdn. Bhd., which is engaged in the sale of furniture.

Summary

Second Chance Properties is a property development and investment company based in Singapore. Second Chance Properties is focused on developing and investing in residential and commercial properties in Singapore. The company has a diversified portfolio of properties, including apartments, condominiums, office buildings, and retail space. Second Chance Properties has a strong track record of delivering quality projects on time and on budget.

Investing in Second Chance Properties offers investors the potential for capital appreciation and rental income from its portfolio of properties. The company is well-positioned to benefit from the continued growth of the Singapore property market.