Let’s get to the point.  I’ll share what matters. Fundamentally, based on its Q3 Balance Sheet. 83% of its assets is in investment properties. This is the main factor, why it’s VERY easy to value a property company. 31.3% Debt/Asset Ratio, a very health ratio. The NAV as reported in its Q3 is 234 cents per share, or $2.34 per share. The share price closed at $0.87 on 22nd Jan 2015.  Based on this, the Price/NAV ratio is 0.87/2.34 = 0.37 or 63% discount! Let’s say the property price drop 20%, hence we can safely say it’s NAV also drop 20%, so the NAV would be 80% of $2.34 = $1.87. The Price/NAV ratio will then be 0.87/1.87 = 0.46 or 54% discount!  It is still a HUGE discount! Will the company be privatized, as quite a ......