I finally had some time to resume writing my blog posts. Apologies for not updating my blog for the past 4 months, as I had been really busy with school activities.

Recently, I have added a new company to my portfolio - Hanwell Holdings Limited.

For the past month, Hanwell Holdings has undergone a sharp selloff, breaking the 30 cents support level for the first time since May 2017. At yesterday's closing price of $0.23, Hanwell's market cap currently stands at $124.5 million, compared to its cash and cash equivalents of $147.9 million, and $61.4 million in borrowings. This gives us a net cash figure of $86.5 million, which makes up 70% of its market cap.

However, because Hanwell has a relatively high proportion of non-controlling interest recorded on its balance sheet, it would be inaccurate for us to simply quote this net cash amount of $86.5 million. A significant portion of this...