At a price of $1.11 as at July 23, Far East Orchard, a somewhat illiquid stock, is trading at just 0.4 times its last reported net asset value as at December 31, 2020 of $2.72.

In FY2020, earnings were poor as its hospitality business was adversely affected by the pandemic. This was reflected in the 28.1% decline in revenue compared to FY2019, and net loss of $8.9 million in FY2020. 

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