AMAL (40f) closed on a new yearly high too, up 20% today (0.24).
40f MC = SG$115.38M
TAW MC = AU$69.38M (if you add $20M expenditure to this there is still a gap)
1 AUD = 1.08 SGD
Both are in an upward trend (40f a steeper one). TAW will eventually catch up to AMAL, it's 50:50 JV partnership after all.
TAW Charts, page-10
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