Ann: Market Update, page-55

Well, MND also looked like a dog back in 2016. Difference in PE between these companies are staggeringly high, 26 vs 6. Price to book value is 4.14 vs 0.41. Market believes in MND's future growth and decided that PE of 26 for a construction business is justified. Market believes that it's only going to get worse for DCG hence PE of 6 and PB of 0.41. Blaming on the "Family culture" is just pure speculation, we won't know what's really happening unless we're sitting in their boardroom. We'll see how DCG performed in the last HY and see how the market reacts