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What is the RNAV ? Profits from Eight Riversuites Condo at Whampoo will flow in next quarter , plus Austville EC has been fully sold...
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If we net off the debt of $2.5bil from its total asset base of $6bil, we still have net asset of about $3.5bil.
Based on the current market cap of $1.12bil, the upside potential will be around 3 times the current price?
How come people is selling down ? strange
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I have been dead negative since UE's pricy takeover of WBL. However, given the current deep discount to adjusted book value of $2.69, whatever mistakes should have been discounted. At current levels, the risks appear low even for trading purposes taking into account their costly M&A.
One should never forget that UE has strong substantial holder backing in rock solid OCBC Gp and they will be urged to embark on asset unlocking strategies with permitted mkt sentiment in order to attempt to narrow the asset discount gap.
UE's asset bases are largely in countries with good corporate governance and even wbl's exposure in China is likely to have good buffer with its good track record there. Hence, it will be a matter of time when its asset values will be realised again.
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Is $2.69 the RNAV ? If not, what is the estimate for RNAV ? Tks
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Yes I know it is the adjusted NAV after rights. But is it also the RNAV ? Many tks
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is nta the same as nav? i noted is nta is only slightly above 2.