Is Thakral’s depressed stock a good buy?

SINGAPORE (April 7): When Thakral Corp was listed in 1995, it was valued at some US$400 million ($560 million). But its market value has shrivelled significantly since then.

On April 3, the stock closed at 26 cents, putting the value of the whole company at just $34 million.

The company is moving out of the increasingly cut-throat business of distributing electrical and electronic goods such as televisions and cameras in China, and turning to delivering beauty and wellness products to the Middle Kingdom’s burgeoning consumer market.

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