San Teh 的估值
现价30分，等于每股现金。
免费的资产包括两个旅馆，两个PVC事业。上海安亭地铁附近的一个project
The report mentioned about the AnTing re-development project.
The input is roughly 40 mil ( - 0.1161 per share) ; and the completion date is in about years.
From the below plan, the project is going to generate 4 mil rental (+0.0116 per share) per year after completion.
http://www.21ask.com/htmls/v0f08f68437c37bc8.html
Anting is on the north west of Shanghai with population of 1mil.
The project is 100m away from the new subway station which commence operating in May 2012.
Location is terrific, but not as good and big as the other project next to the subway.
Btw, Hobee has investment in that project.
vested
Cheers,
丁鸿桦
这么算逻辑基础有两个问题
1) 假设给你一个壳公司里面全部只有现金100亿 市值有个60亿了不得了。你是小股东 钱又到不了你手里
2) 任何项目都有可能是负价值 不存在无风险的free asset