LianBeng, catalysts for share price to rise by Oct

Rich wrote: LIAN BENG is so undervalued at 46 cents. Cash, investment securities and investment properties (freehold Mandai dormitory and freehold office building at Playfield Road) and deducting off bank loans and non-controlling interests = S$244m (S$0.48/share).

Lian Beng has net S$128m (S$0.25/share) due from joint ventures and associates, which will help further boost its cash holding.

NTA already 99 cents currently. Afte 2 years, NTA will reach $1.30-$1.50 with at least $0.80 net assets without debt ($0.48 + $0.25 cash in + profit for the next 2 years) = ($0.48 + $0.25 $0.07) assuming they only earn 7 cents for the next 2 years.

The share price has to move up after 2 years to at least 80 cents. I suspect the price is been pressed down so that BBs can collect cheap from unsuspecting and fearful small investors in this atmosphere of fear.
Keep this counter for 2 years for a potential 100% upside which is better than putting as fixed deposit in bank