I think they have done very well for the 1st quarter as earnings were up 15%. Mr. Loo Leong Thye, the Chief Executive of the Group, said, “We are pleased with our improved performance in 1Q2013. We see better performance from our IT retail business in Singapore and we will open another two stores in Singapore during the second quarter of 2013.” He further added, “We will continue to focus on expansion in Singapore and Malaysia. We will also seek to explore other retail opportunities for expansion in the region where growth opportunities are still available.” I do think they can make about 5 cents per share for the full year of 2013, as such Challenger is currently only trading at less than 10 times earnings and 5% dividend yield. I think given its growth rate of about 10-20%, Challenger could easily be fairly valued at 15 times  earnings instead....