I thought the same initially. But the company provided ratio was surprising. So, I checked the assets once again today. The investments are around 40% of the total asset of the pre-merged company. But the revenue didn’t realize as most of the investments are in unlisted companies and liquid funds. In that case, the investment company shares are very cheap. The downside is this investment company cannot be evaluated with PE ratio anymore. And the valuation of its holdings will be opaque until they go public.
| Subscribe To Our Free Newsletter |
