Vested interest with 2 lots Given that marine reported results earlier, we already knew Profits will be dragged down. But the next statement should be Utility net profits up 72% due to divestment gain. Without divestment gains, utility NP will be lower than last year. The known fact is Singapore utility  market rate is getting worse and it should not come as a surprise. But look at this: Trumpeting on India's contribution? India is dragging down bottom line. Overseas market taken together is flat. However, to be fair, divestment gains as part of capital recycling mean it is hardly once-off thing and should be consider as part of the business, but we cannot expect it to be recurring annually either. Lastly, I am hardly convinced that the impairment by marine for Sete Brazil is sufficient, given the bulk of payment for still ships are due upon delivery. What ......