Coffee with Albert Teo at his flagship Amara Hotel

Had coffee with Albert Teo, CEO of Amara Holdings, in his flagship 400-room hotel in Tanjong Pagar. Assuming a very conservative $1m per key, this hotel is worth circa $400m, while it’s market cap is only $250m. Buying the stock at these levels will mean you are getting it’s hotels in Sentosa, Shanghai and Bangkok for free!