Teledata has missed our estimated time for price movement

Initially we speculate that the recovery will start in Jan 2014 as the dateline to pull itself from watch list is in March 2014. However now is extended to June 2014 and not much catalyst activity lately.

However, at the price of SGD 0.010 traded and it is even lower than its placement price. We decided to add little further into our portfolio at this price.

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