It is interesting to note that despite the almost daily share buy-back by management, Global Investment Limited ("GIL") remains at a huge discount to its fair valuation. The good news here is that the prior to the commencement of the share buyback exercise in early January 2019, the Company's shares were trading at a discount of 39% relative to its NAV per share as at 31 December 2018. Following the implementation of share-buyback, the fair valuation gap has narrowed slightly. Based on current market price of S$0.151 as at 23 June 2021 relative to Q1FY2021 announced NAV of S$0.1977, this represented a discount of 30.9% to fair valuation (since investible assets marked up to fair value, NAV here will approximate fair valuation). 
1. Recap of Addition Asset Purchased During 2020 COVID Induced Economic Downturn One of the key investment by GIL was to exploit the opportunity to...