@Furore:First time hearing about ROIC, could be because I'm not trained in finance. So I can't really comment on ROIC or to recommend anything bad on it.But if I were to recommend an undervalued company that has great potential, I would recommend $YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$At last traded price of $1.64, it's trading at 0.842 of its book value with a PE ratio of 8 times. It is also going to spin off its new company with the new shares given to eligible existing shareholders of YZJ, similar to $AT&T Inc(T)$giving free shares in $Warner Bros. Discovery(WBD)$after the spin off.The proposed new company Yangzijiang Financial Holdings have alr
@EML17:$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$CGS-CIMB has increased Yangzijiang Shipbuilding' s target price to S$2.41 from its previous target of S$1.78https://www.businesstimes.com.sg/companies-markets/brokers-take-cgs-cimb-raises-yangzijiang-target-price-on-listing-of-investment CGS-CIMB has increased Yangzijiang Shipbuilding' s target price to S$2.41 from its previous target of S$1.78, if its plans to list its investment arm spin-off Yangzijiang Financial Holdings come to fruition. This presents a potential upside of 54.5 per cent from its last closing price of S$1.56. The new target price is derived from a sum-of-the-parts valuation method, based on a price-to-earnings ratio of 9 times of the projected shipping profits for FY2023, assuming ord