Dear readers, I receive an query email from a reader. I think I need to explain myself. When I write, I am thinking aloud and I do not proof read that many times. So I might be confusing at times, or it could be due to my command of the language. ( I am better at Chinese than English) The query go like this: Actually, i have a quesiton regarding your analysis out of interest sake. I am an investor myself. You calculated SGX intrinsic value to be $4.2 and the current price is $7 (6.8 now) and yet you call for a Buy. Why would you buy when intrinsic value is below market price? —————- Of which this is my reply: Oh no, am I so misleading? In short, what I am trying to say: 1) intrinsic value of 4.2 is based in very conservative assumption ......