Significantly undervalued

Going through this co's HY report. I have to say, this is the most undervalued stock I have ever come across.
20mill market cap
- 19mill cash
- 2.8mill NPAT, in just HY
- 67mill net assets






Upcoming news catalysts:
- "Prospects are strong for further orders in the pipeline." Previous orders include 60mill, supplying LNG propulsion systems for European oil tanker owner PRC shipyard (Guangzhou Shipyard ICL). 118mill confirmed oders in 2019. "We have recently secured significant orders of S$60m for oil product tankers, for delivery in 2022/2023. Our turnkey projects in gas processing activities... We expect to commission these projects before the financial year. Prospects are strong for further orders."
- FDA approval for facemasks.


Top 20 hold 80%, with directors accumulating over the years. Hopefully, they will announce a dividend like they used to.


All the best.