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1 comment(s). Last comment by NOBY 2015-02-10 17:59

NOBY

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Posted by NOBY > 2015-02-10 17:59 | Report Abuse

Thanks for this writeup. just take note that you should discount the NCAV by a proportion of the minority interest in the balance sheet... Minority interest is makes up about RM 150 mil out of the 650 mil equity. The Ncav value should be discounted roughly by this proportion...

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