In Singapore, City Developments had a ‘break out’. It opened at S$8.56 and hit S$8.74 in intraday trading before closing at S$8.70, up 17 Singapore cents, with nearly three million shares traded.
Hongkong Land, which is trading around US$4.10, is seen as an attractive buy as it is trading at a ridiculously steep discount to its net asset value per share of US$16.39 as of end Dec 2019. Medtecs International, which is dual-listed in Taiwan and Singapore, saw active trading with more than 80 million shares traded.
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