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Bro, this is a growing company with very strong growing momentum, after demerge from CCM in 2017 their ROE increase year by year... With increase dividend payout... Management also very aggressive in developing their ethical portfolio... If not mistaken this year they proposed a 8 sen/share to board of directors for approval... To me the valuation now still consider fair... Not really discounted by still quite fair...
overall market uncertainty + loss of confidence to GENM management will not be so easily recovered with just an "defensive"statement on the acquisition plan.