Tuan Sing -- Its NAV is 82 cents versus stock price of 35 cents. Stock is so heavily discounted, on top of the NAV being very conservatively stated. A notable contributor that is new to this year's financials is the Robinson Rd. office building. Share buyback being executed regularly by company --- v positive sign
GSS Energy: Nice uptick on Friday, closing at 10.6 cents.
Its oil & gas segment has gone through setbacks and delays in 2018 -- this is Indonesia, after all. However, it's going to turn a corner in FY19, meaning it will likely enjoy first revenue stream friom its 2 gas wells .
First Ship Lease Trust: 5.85 SG cents
which is the current takeover offer price.
Takeover won't succeed because of large discount to NAV of 25 US cents.
... but it is a bargain for new entrants
Now 25 cents, and it should be noted that CNMC reported JORC resources of 914,000 oz of gold. At last year's production rate, the 914,000 resources will mean a life of mine of about 28-29 years. Very exciting