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?
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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 ......