The Unnecessary Job

I have been holding MNACT since HK thugs set ablaze the Christmas tree erected within Festival Walk in November 2019.  Then MNACT was trading at around S$1.20 a piece. Now, it is $1 a share.  Shortly thereafter, Covid reared its ugly head.  As the Chinese saying goes, Covid is akin to dumping a stone onto a person who has fallen into a well.  Another apt saying might be that when your roof leaks, rain falls every night.  Considering that it bore the brunt of two severe shocks one after the other, and one of which remains very much in progress, it is probably fair to say, its $1 share price isn't exactly an unmitigated disaster.  Indeed, all things considered, I dare say it is actually pretty decent.   As many would know, MNACT has the unfortunate distinction of being the only unloved child in the Mapletree family.  Why do I say that? Just look at the price-to-NAV ratios:  MIT  - 1.7 MCT - 1.27 MLT - 1.68 MNACT - 0.75 Basically, the ...