Superbowl

Superbowl: In response to a query by SGX in regards to its trading activity, Superbowl notes that it is exploring potential corporate restructuring opportunities. Subsequent to this announcement, the Board will make additional announcements via SGX to provide an update on any such corporate transactions before the lifting of the trading halt. As investors await the company’s official response, we highlight that the company has oft been touted has a potential privatization candidate. Given the lack of visible catalysts and low trading liquidity, market watchers have opined that it would be better for Superbowl to be privatized by the founding Teo family. While there is no formal research coverage on the counter, observers have estimated that Superbowl trades at ~50% discount to its estimated revalued net asset value (RNAV) of between $1.20 and $1.40.