The company is in the business of selling satellite communication equipment. My investing premise is on a turnaround in the company's profits from potential cost savings in manufacturing efficiencies. Earnings In 1HFY20, the company recorded only a US$300k net profit. However for the full FY20, it had a US$2.6mil profit.  Revenue wise, 1HFY20 was $52 mil vs 2HFY20 of $50 mil Gross profit, 1HFY20 was $12.3 mil vs 2HFY20 of $13.3 mil This means its margins improved in 2HFy20 and its partly due to the relocation of its manufacturing operations, which was completed in the first half of FY20. Expectation of FY21 With the Covid recovery, I expect revenue for Global Invacom to improve. At USD$104 million revenue level, it can be expected to clock a full year net profit of US$4.4 million, assuming 2HFY20 margins. The current market capitalization is SGD$36 million (USD $26.6 million). Therefore, purchasing this company at a current P/E of 6 times is...