Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
SOCAM Development Limited, an investment holding company, engages in the property development and construction businesses in Hong Kong, Macau, and Mainland China. The company operates in three segments: Property, Construction and Building Maintenance, and Other Businesses. It undertakes the construction of public housings, and commercial and institutional buildings, as well as provides interior fitting out and building renovation, maintenance, and facility management services. The company also provides venture capital investment, design and contracting, management, and consultancy services; and undertakes structural steel construction works. In addition, it owns and leases plants and machineries; supplies facades; and develops and leases properties. The company was formerly known as Shui On Construction and Materials Limited and changed its name to SOCAM Development Limited in September 2011. SOCAM Development Limited was incorporated in 1997 and is headquartered in Wan Chai, Hong Kong. SOCAM Development Limited operates as a subsidiary of Shui On Land Limited.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is underpriced on P/FCF.
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