The IFA analysis actually shows how undervalued the shares are trading at.
https://links.sgx.com/FileOpen/16%2006%2...eID=657864
Having regard to the considerations set out in this Letter, the information available to us as at the Latest Practicable Date and subject to the assumptions and qualifications set out in this Letter, we are of the opinion that the terms of the S Shares Chain Offer are NOT FAIR and NOT REASONABLE from a financial point of view based on the following key factors:
https://links.sgx.com/FileOpen/16%2006%2...eID=657864
Having regard to the considerations set out in this Letter, the information available to us as at the Latest Practicable Date and subject to the assumptions and qualifications set out in this Letter, we are of the opinion that the terms of the S Shares Chain Offer are NOT FAIR and NOT REASONABLE from a financial point of view based on the following key factors:
Please do your own due diligence. Any reliance on my posts is at your own risk.