Lotustpsll says:  Bonvest' s BOD may not be in tune with the times as to how to positively engage shareholders. Perhaps, they don' t need to, given the low level of minority shareholding - sadly, such cockiness or lackadaisical attitude is often seen. Sumer, how old (do you think) is Henry Ngo?

I will stay vested on Bonvest as a deep value play. Interest in major S' pore commercial properties is there and I think this trend will continue given the attractiveness of the nation (asset value in both Sheraton and Liat will likely appreciate further). 

Also, tourism is on the upswing in Mauritius and Maldives and this should positively impact its hotel operations there both in asset value and profitability. Its investment in Cordlife should yield a positive return.

I will stay the course and bid my time.
 

Diversity says:  Yes, Chairman and his brother, Tan Teck Lin, are unassuming.

Many years ago when HGC decided to invest in Australia and NZ, shareholders were jittery.

HGC subsequently sold its NZ commercial properties for huge gains and bought land in Little India to build its second hotel in S' pore.

In the recent two years, besides demolishing the flagship hotel in the Orchard Road area to build two new hotels, HGC bought two commercial properties in Australia and NZ with high rental yields.

HGC now owns 3,008 rooms (not counting the 752 rooms under construction) in 15 hotels and 24,700 sq metres of lettable space in 3 commercial buildings.

HGC is still holding on to the site in Christchurch where its hotel was hit by an earthquake and demolished later. HGC is planning to build a commercial building on the site to house government departments.

Despite all these, its gearing is still low -- $152 m loans against $132m cash as at the end of 2013, the result of good financial discipline.