King Wan Corporation

[GPD]

Any idea why the sudden large jump in GPM?
Also, the KTIS stake is carried in the balance sheet as $42,211,802. This works out to be 9.3 THB per share only, which is pretty conservative considering the current price of THB 10.6

No idea on the jump on GPM as KWC Q1 report didn't say anything about it.

I assume KWC uses KTIS closing price on 30 June which is THB9.55. That brings you closer to that S$42mil. The x-rate on 30 Jun is 0.3864 (source Xe.com). However, if I use 0.038, I get the exact figure $42,211,802 but that seems overly conservative on KWC's part.