Just so you guys know that the hospitality business is not small. Their modus operandi has always been about developing investment properties in strategic locations and selling them as investment units. They have a management company to lease back these units from the buyers and market it for homestay. The average occupancy rate for all these properties are above 80% at any given month. There are also other businesses like F&B and marts that would likely also be part of their hospitality business. This could possibly be a REITs play which makes a lot of sense.
Stock: [PMHLDG]: PAN MALAYSIA HOLDINGS BHD
1 month ago | Report Abuse
Just so you guys know that the hospitality business is not small. Their modus operandi has always been about developing investment properties in strategic locations and selling them as investment units. They have a management company to lease back these units from the buyers and market it for homestay. The average occupancy rate for all these properties are above 80% at any given month. There are also other businesses like F&B and marts that would likely also be part of their hospitality business. This could possibly be a REITs play which makes a lot of sense.