Guocoleisure – Portfolio of undervalued assets?
Guocoleisure Limited (“GLL”) is a S$1b company in market capitalization. Mr Quek Leng Chan, #5 richest man in Malaysia (Forbes 2012) has about 66% interest in GLL. GLL’s intermediate holding company is Guoco Group Limited which is in the process of being taken private by Mr Quek Leng Chan. Description of GLL The screen shot below describes GLL’s various business segments. (Please refer to the company website http://www.guocoleisure.com/corpstruc.html for the various business segments as I am unable to attach it here.) Investment merits Potentially undervalued assets According to GLL’s annual report 2012, GLL has 8,911 rooms with 8,280 rooms in UK with the balance in […]