Buy @ $0.205.
Take the risk to buy at a higher price to average up. Results were good with Div = 0.8ct. If they can maintain this, Yield = 6.341%. 😀
Main fear is the earnings growth may have been mainly contributed by the Malaysia operations which was driven by the free Book Voucher given to their tertiary students by their govt (Election coming?). We'll also see the 26-units condo launch for 8Raja (Balestier area) in the coming quarters. Risk is they may have to make provisions if they're unable to sell.