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The 20% profit margin for supply electricity to Singapore is well too high a margin for utility players. So if Singapore will continue hand out cash like this is questionable.
The 100MW electricity supply contract with Singapore will expire soon. If not renewed, or the price reduced, then you shall find the share price before year 2022.
China seems lost and changed strategy for the property sector. But the structure problem not addressed. Dream of stimulating property sector will remain a dream.
