Unlocking the value in Pacific & Orient
PACIFIC & Orient Bhd (P&O) may be widely known as one of the country’s largest general insurers, but not many know there is a lot more to the group. It has a mere RM226 million in market capitalisation, and P&O managing director and CEO Chan Thye Seng believes his company’s shares are underappreciated. “The market cap of P&O is very small. Our shares are deeply undervalued, if you analyse the investments and asset value that we have in the listed company and non-listed companies. And that’s just investments. We haven’t even talked about the value of our insurance business, which we ...
Source: theedgemarkets.com