Buy @ $1.425
Add back to my portfolio. xd today for 1.73ct but dropped more, -6ct. So, where're all the 'Special Situations' players and what are they doing??
I did a quick comparison with CDL & Capitaland … again. Since the last study (day of FCL listing), both prices had dropped, CDL -8.8% ; Capitalnd -5.76%. FCL is -5.94% vs $1.515 (my entry price back then) or -9.5% @ $1.575 (my exit price). It hit a high of $1.72/3… At current prices, the discount to NAV is 24% (using $1.88) or 32.8% (using $2.12).
Thus, a quick decision to buy… Itchy fingers.. If stuck then wait to see if they list Frasers Hospitality Trust and hope for it to recover by then… 😀