Ang Ching Yew's comment on RL. All Comments

Ang Ching Yew
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While the impairment is quite significant, the good thing is that it’s a non-cash adjustment, so there’s no impact on the RL’s cashflows. It also shows that the Group is taking a realistic and prudent approach in valuing the investment based on the current market price. With the investment now carried at a much lower value, this could provide a cleaner position going forward
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Alwyn Loo
Taking the hit now could actually be positive in the longer run
Like · 2 days · translate