Readers would have know I have been practicing DCF model just to get a “gut feel” of the valuation of the price. SGX caught me attention when it went below $7. So I took the average of 268 mio of FCF over the past 7 years (any earlier before meager would be meaningless), to work the sum. I thought 9% discount rate and 3% growth would be prudent and reasonable. Turn out without applying MOS of 20%, its intrinsic value is $4.2. That would be a yield of 6.7%, PE 15. Any serious investor would know its a screaming BUY! I though no matter how I play around with the numbers $4.2 is really far from the $6.95 a day ago, although before calculation, I thought I would try my luck at $6.9, but decide against it. result, it did fall to $6.9 today, ......