Hi guys,

Now that ECRL is signed Tun Daim mentioned the return of China tourists to Malaysian Soil

This will be great for ASIAPAC'S RM1 BILLION IMAGO MALL IN KK

See https://www.thestar.com.my/news/nation/2019/04/13/daim-it-took-nine-months-to-negotiate/

With this year marking the 45th 45th anniversary of Malaysia-China relations, 

Tun Daim hoped that the resumption  of the ECRL project would give more confidence to Chinese investors in Malaysia.

“We hope to see more Chinese investors and tourists coming to Malaysia,” 

Tun Daim said.

YESSS!

CHINA TOURISTS WILL FLOCK BACK TO MALAYSIA IN DROVES

AND ASIAPAC HAS IMAGO MALL (A RM1 BILLIONS) INVESTMENTS BY ASIAPAC TO CATCH THE TOURISM BOOM IN SABAH

See Details on IMAGO MALL

Title No. TL 17533505 Kota Kinabalu, Sabah

KKTS 2 - Mall Retail Property Leasehold expires : 31/12/2076

Age of Building:  3 years

Size 711,904 sq. ft.

Cost Rm1,075,104,000 )RM1.075 BILLIONS)

Acquisition//Completion/valuation Date: 31/03/2018

The Total Borrowings of Asiapac is Rm300 Millions (Less Cash)

And Asiapac has Position Retained Earnings of over Rm700 Millions

Now Asiapac also has a huge 2,000 bay Car Parks (This was same as IGB when it spinned off its very profitable Car Park Reit called KRISS ASSETS (Now taken private)

See Car Park One

Title No. TL 17540500 Kota Kinabalu, Sabah

Ground and basement carpark Carpark operations

Leasehold Expires : 31/12/2080

Age of Building:10 years

114,039 sq. ft.

Rm24.470  Millions

31/03/2018

Car Park Two

Title No. TL 17528942, Kampung Karamunsing, Kota Kinabalu, Sabah

Ground & Rooftop carpark Carpark operations

Leasehold expires : 21/01/2901

Age of Building: 8  years

Land Size: 52,433 sq. ft.

Rm11.700 Millions 

15/03/2018

SO ASIAPAC INVESTS NOT ONE BUT TWO CAR PARKS

AND THEY CHARGE TWO RINGGIT PER HOUR

RM2.00 PER HOUR?

THAT IS WHAT CITYSQUARE CHARGED FOR PARKING IN JBCBD

NOW THE COMBINED WORTH OF BOTH CARPARKS IS RM35 MILLIONS

ADD THAT TO IMAGE MALL WORTH RM1.075 BILLIONS = Rm1.110 BILLIONS

And at Rm300 Millions borrowings it is only 27% debt to equity

That's not Including 400 Acres of Lands in LABU & another 94 Acres in Semenyih. Plus Ongoing Condo Developments in Kepong & Other Malls. SO THERE IS A HUGE HUGE MARGIN OF SAFETY IN ASIAPAC

ON ITS OWN IMAGO MALL & 2 CAR PARKS ALREADY BRINGING IN GOOD CASH FLOW FOR ALL THE 4 QUARTERS OF 2018 & THE 4 QUARTERS OF YEAR 2017

NOW WITH RENEWED VIGOR FROM CHINA TOURISTS RETURNING PLUS THE BRIGHT PROSPECTS OF ECRL  LIFTING UP BOTH LABU & SEMENYIH ASSETS WE EXPECT ASIAPAC TO DO EXCEEDINGLY WELL IN COMING YEARS

BEST REGARDS

Calvin Tan Research

Singapore

Below are the past quarter results of ASIAPAC

At 16 sen with NTA  OF 97 Sen (IMAGO MALL & 2 CAR PARKS INCLUDED)

There is a Huge 83.5% DISCOUNT TO ASSETS VALUE

In investment term we are paying only 16.5 Sen for Every Rm1.00 in Value

And EPS?

0.28

0.35

0.46

2.62

= 3.71 Sen per year

That is 23.18% Yield

Or P/E is 4.31

THAT MEANS THAT WE DOUBLE OUR MONEY IN JUST 4.3 YEARS TIME!!

Please buy/sell after doing your own due diligence