For the past few days, Yong Tai Bhd (YONGTAI) had seen significant change in shareholdings and also changes in the boardroom. This had raised eyebrows amongst investors, as to what is going on with the company.

However, I see this as a positive sign for YONGTAI as this would be changing to more capable management going forward to effectively turn YONGTAI, the asset rich company for good.

Share price chart of YONGTAI.

Currently, the share price of YONGTAI is trading at RM0.330, but the NTAPS of the company is valued at RM0.680, representing a steep discount to the company’s share price.

Recently, there is news coming from The Edge that the company is eyeing to sell Courtyard by Marriott in Melaka for RM160.0 million to RM 170.0 million.

Once again, the market capitalisation of YONGTAI is merely RM140.0 million at the moment.

Perhaps going forward, we will see more positive developments coming for YONGTAI?