Your updates are always useful. Thanks for sharing this hard work.

I know in a previous report that you have DELEUM on your watchlist and said you would buy it if there were a price correction. Do you think the price drop makes for enough of a correction now?

I really enjoy reading your reports, so my compliments to you. However, in almost all of your reports, the companies under coverage are deemed fully valued or even over-valued. Not very useful if you are sitting on cash and looking for something to buy.

I understand. Effectively, you are saying, "Nothing to invest in. Stay in cash or hold existing stocks."

It's a special dividend due to the sale of Hwang's investment banking business to Affin. Theoretically, after the ex-date of the special dividend, the share price of Hwang should go down by the same amount as the dividend to reflect the lowered net asset value of the company.

Just out of curiosity, about how long does it take for you to do one company?