I first came across CEI Contract Manufacturing (AVV.SI) when am doing a random stock filtering. It appears in the top few position of my filtered list. After learning about its lucrative previous year dividend yield of more than 7%, I decided to dig in further and did a quick CNAV (Conservative Net Asset Value) Analysis. CEI Contract Manufacturing  provides contract manufacturing services (including printed circuit board and box-build assembly services, as well as equipment design, cable harness assembly, and manufacturing services) to industrial equipment market in the United States, Europe, and Asia Pacific. The Key Quantitative Indicators of CNAV Strategy (Basing on the 2015 Annual Report): Net Asset Value (NAV) = $0.462 Conservative Net Asset Value (CNAV2) = $0.165 Current Price = $0.72 Discount For CNAV2 = NA Conclusion : From the price's perspective, it is traded above the CNAV2 and NAV and hence ......