From technical point of view, should see price consolidation between $6.80 - $7.10. Look to trade within the range.
Long on valuation perspective 1) Sell off due to Director resign on disagreement over Sincere Property Group & Millennium & Copthorne Hotels 2) Concern not new, review from External Financial Advisor might help to ease concern 3) Based on 1H20, Cash holding at SGD 2,392,024,000 ( Cash per share S$2.63) 4) NAV @ $11.66/ share