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Stock Price
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This is a Company that has grown rapidly over the past 6 years since listing. There are bound to be some teething problems along the way. From the look at the balance and correctly pointed out by several forummers, the biz is only valued at 2-3x excluding the cash. The FCF of the biz remains well. The Company is paying good dividends. Better than the CPF Special Account. This is a Singapore Company and not a S-chip. There are also concerns: 1) Their Singapore and Malaysia sales have been dropping. Their Indonesia side is not doing too well too... How much of this is due to competition and how much of this is due to the economy? 2) The cash hoard suggests that the management is prudent. But it also could mean that the management has no idea what to do with the cash... It would be worrying if they try to appease investors and go out to make a worthless acquisition. 3) How committed is the management now? The two lady founders have made their fortunes with a placement at 80 cents in 2007. Are they still \"Hungry\" ? On paper, the Company seems extremely cheap. Analysts are not looking at it. (As usual.They only come when everybody knows the story.) If I were you, I will be quietly buying more shares and waiting for the Company to embark on another rapid growth phase, hopefully in the near term.