DJ news: FY05 net profit of $76 million much lower than his estimate of $100 mil 吾也觉得不是很满意。 1。in 3q result, the tone of 4q forcast was quite optimistic. but in fact, the result of 4q is not satisfactory. 2。dividend remains 8c, which is same as last yr. considering its share price has appreciated quite a lot, dividend yield decreased. thus its current share price may not look as attractive as before to investors looking for dividend yield. 好的方面： its nav increased to $1.67. its current price is trading with discount to its nav. after recent bull run of sg property counters, i believe (believe only, i dont hv exact figures) some are trading with premium to nav, such as capitaland, kepple land, etc. some ppl may think guocoland cheap from nav aspect.