people are waking up to this new listing, page-10

re: over over sold problem is that a 10% fall in oil price reduces profits by 37%.
l figure that with a small rise in feed stock and $50 oil, at full production there will be 22c cash flow per share which is not exciting with all the risks involved. Mind you it could all change if the oil price turns up.
Currently l feel the sp is about right given the risks. The question is whether oil will trend into the $40 range or back to $60.

in the longer term the 10 year tax holiday in Singapore is abig plus, but they need to make a profit first!