It makes sense to drop. After all, it has "monetize" its investment in its associate which is G3. hence, its non-current asset should drop. Returns from the "divestment" will be used up (same as all the funds generated from its never ending pp being used up) and resulting in lower NTA. Cant think of reasons why it should go up.

You are right, Michael Wong. Look at its corporate structure and its balance sheets. Most of the pp funds (literally almost each pp) will have its funds allocated to “working capital”. Should stay away from it until there are tangible results.