Bargain Alert: Century Old Property Company Trading Below Cash

This property holding company started its roots as a ferry operator

This property company currently trades at less than the cash on its balance sheet and has zero debt. Investors in effect are getting over 600k square feet of commercial properties and almost 800k developable square feet of land in Hong Kong for free. In addition, investors get paid an almost 6% dividend that’s adequately covered by the company’s recurring rental income.