I just saw something shocking from an analyst report by Phillip Securities Research on 7th October 2019 with regard to First REIT. Basically, the uncertainties over the lease renewal of expiring hospitals and a hotel in 2021 seems to be the main cause of the low unit price despite the completion of the fund raising via rights issue exercise by Lippo Karawaci to resolve the previous rental default risk. Apparently, there is another significant risk of as much as 80% income support deficit should the sponsor decides to leave direct negotiation between Siloam and First REIT. This information is something very material because if it is true, it means that in the worst case scenario, First REIT maybe worth only 20 cents (by applying similar 80% discount to recent market price of S$1.01) per unit since such principle will apply to all hospitals tenancy agreements eventually. The earliest lease expiry...