Many may not know that Bright is Asia pacific leader in product packaging which include major cigarette, liquor, confectionery etc. In fact most of major famous brands packaging that we use daily are manufactured by Bright. Thank you.

I am highly optimistic with Datuk Ricky Wong knowing he is hardworking person. I believe his intention for SIS is to reward Bright staff who all these while never participate in company growth. Additional 15% shares in Esos should not be cause for worry as its only 15% dilution in earnings. Please note that additional 2 production lines and cost cutting measure will benefit company tremendously. Example, fair value of Bright is 1.00, at 15% dilution the new fair value is 0.85. Currently market price is 0.675. Therefore, there's 25% profit margin to achieve up to date. However, I appreciate feedback from my fellow friends here. Thank you.

Once SIS approve by boards, ESOS will be issued to qualify employees. The price of ESOS will be lower than market price. But the ESOS is not free, employees need to subscribe them before they are allowed to exercise them. There is no hidden agenda as mention by Piotoy. This is purely a form of motivation. I hope my explanation set aside any doubt. Thank you

Piotoy, i am having impression you are trying to give negative opinions in order to depress price for personal agenda. Correct me if i am wrong. Thank you.

As told by my friends, SIS will be offered to employees of Bright as form of motivation to them. This should be viewed as positive as the preformance of company will be tied to increasing price of Bright and employees able to exercise them shares for profit. Please correct me if i am wrong. Thank you.

I bought Bright today as advise by friends, Bright will see revenue increase due to 2 new production lines. I do know Datuk Ricky Wong, a young entrepreneur and philanthropist. He is hard working as far as I know. I don't know about rumour surrounding negative news as reported here. Thank you.

I try to ask my friends first thesteward, but I cant promise prompt reply. Extremely busy with work. Thank you.

It is a grave problem wee888. The opening may be postponed to next year and compensations need to be paid to initial tenants for delay. Thank you

I just talked to Barry and he told me on some bad news regarding Imago Mall. Apparently, manager in site told him about grave delay in delivery of finishing material like flooring, lightings and fire equipments. This may affect handover to tenants and opening time. Hope things will workout. Just to share latest info. Thank you.

Thesteward, sorry for late reply here. As suggested by my remisier and friends, Hovid is my latest investment. I bought 200K worth of Hovid at 0.35. The main salient point that interest me is that Hovid is producing generic drugs pending expiry of property rights on selected drugs. Now, with high prices of drugs from western countries, Hovid is among few local company that can capture those huge export markets. I will update Hovid as time comes. Thank you.

You are most welcome samsoongyc. I feel its important to give correct information on the actually opening of Imago Mall. July is too soon for opening as finishing works is still on going. August also not viable as initial tenants probable still on going on their renovation works as Parkson will be the major tenant, usually they will take the longest renovation period. Thank you.

Good to know that ASiapac has gain many new investors. However, I would like to correct Psd57 comment that Imago Mall will be open in November 2014 not July 2014. Tenants were inform that they will start doing their renovation works in June 2014. Hope this latest infor useful to all. Thank you.

I remember inviting you to join me to invest in Asiapac thesteward, glad you did. All in all, I already made almost half million from stock market. Hovid is my latest investment as it is highly recommended by my remisier and friends. Hope we continue our profitable investment together in Hovid. Thank you.

Hi thesteward, I happen to open Asiapac tread and saw your message. Yes, I am very happy. Asiapac alone already made 250K for me so far out of half a million investment. I am quite busy lately and rarely made new investment. However after discussion with my remiser and some friends, I decided to invest in Hovid today. Thank you.

With upcoming sk316 contract award by Petronas and latest purchase of DSS, I believe the fair value for Alam is 2.30. I compare Alam with Perdana with market price of 1.90. Perdana is much smaller than Alam.Thank you

I wish i had free time for sight seeing and shopping but my schedule mostly very tight Icon8888. Its very tiring work. Thank you

It's quite sometime i look at Asiapac. I was outstation in Norway and middle east. Managed to call Barry on latest Imago Mall development. According to Barry, tenants will move in by June for their renovation and commence business by November. I hope this sharing help you all. Thank you.

Rmkfac, Imago mall is not a hype. Its weeks to completion. Thank you.

Asiapac is also a dream investment. Like Mr Ooi mentioned, buying IGB which own Mid Valley Mall. Thank you

Barry bought a unit of high end double storey terrace house D'Bayan Residency in Sutera Harbour, his house already triple in value in less that few years. In fact there's a long list of buyers from Hong Kong, Taiwan, China just waiting for him to sell and other owners as well. For you infor Samsoongyc, D'Bayan Residency is only a walking distance from Imago mall.

Samsoongyc, Barry told me that the black area will be gone in few years as the value of these lands are very high. Thank you.

Updown, glad that you will be in Sabah during opening of Imago mall. I shall contact you weeks before the opening. I will drop my email here for you to contact me but not now as the official opening is still months away. I read some of our friends here mentioning about cons. I did asked Barry about it. He mentioned that 10 years ago KK Times Square and surrounding areas was considered a black area as huge number of illegal immirgrants used to squattered. However the problem has reduced almost 90% and such problem will be history. Almost all the black areas have been developed into high end projects like Ming Court hotel, Sutera Avenue condomium (Mahsing), Riverson private hospital, Sutera Harbour Resort and Harbour City business district and of course KK Times Square centre of all these high end cluster. I will be visiting KK next week for work and make some time to visit Imago malls of course. Thank you.

I extend invite to all who invested in Asiapac, and seafood dinner will be during Imago mall official opening. 20 people should be no problem. Thank you.

Samsoongyc, so glad you made the decision to invest in Asiapac. Updown, so glad you have add another 30%. I yet to hear from Sepiroth, thesteward and Eugene. I hope they are in together with the rest of us. I hope we can meet up at Imago malls by year end. My treat to you all will be seafood dinner at Ocean Restaurant opposite Imago malls by then. Thank you.

Alam is one of benedictory of RAPID. Thank you.

I hope that in Alam will release their contracts for EOR. Its has been a long wait. Thank you.

Ecofirs now hovering 30 cents. I hope Asiapac at least hover similar price in coming days. Thank you.

Steelheart, thank you for your advise. Shall do. Thank you.

Steelheart, I also bought other shares which are not doing well like Alam, Bimb-wa etc. I am levelling my other paper losses. However, you are correct that I am holding paper profit of 100K in Asiapac. Thank you.

Danny, I bought 100K worth of Asiapac during low week ago and initially for contra purpose. I am still holding my initially half million worth of shares. Its prudent to let go small potion. Thank you.

Finally for most of us who have been holding for more than 2 months. However, I don't see Sepirorth, Updown, Eugene or thesteward posting their comments here. I do hold they are still holding after a long and suffering wait. I bought 100K worth of Asiapac week ago and holding another half million worth of Asiapac. I have already sold 100K at 0.24 today. Sincerely thank to all who contribute their feedbacks, and healthy discussion. Thank you.

Posted by Ooi Teik Bee 02/04/2014 12:11

I am looking at 0.50 which is achievable within this year after the Malls is ready. According to my Intrinsic value calculation, the price is ranging from 0.48 to 0.56.
Thank you.

I am excited that Mr. Ooi put a very high target price for Asiapac by year end. Very much appreciate his recommendation for Asiapac. Thank you.

Mr. Ooi, I appreciate your explanation regading Mid Valley Malls. Yes, indeed IGB trading at 2.70 now. Let's hope Asiapac also reach similar market price. Thank you.

Imago mall is a 800,000 sq ft category A shopping mall di only one in Kota Kinabalu, Sabah. Currently the take up rate is nearing 90%, Parkson alone already 65%. Please bare in mind, only certain standard of retailers are allow to take space and the take up rate is very impressive indeed. The location of Imago mall is another plus as it is surrounded by 5 star, 4 star, 3 star and budget service condos and hotels all within walking distance. And you know tourists from overseas will definitely drop in to Imago mall during their stay You have to see through business point of view on why Asiapac not wanting to sell even a single unit of Imago mall. The potential is simply outstanding. This also show Asiapac not having any cashflow or financial problem. With 70 million cash and 100 million receivables, Asiapac is more than capable to weather any short term problem. I can assure you that looking at latest development feedback from my associate, Barry in Sabah, there should be no problem handing over to tenants by April for their renovation works to begin. Thank you.

I am much more optimistic that sifu Ooi Teik Bee speak highly of Asiapac. Appreciate his endorsement and confidence to Asiapac. Let's hope for the best. Thank you.

AmResearch says its remains positive on the oil & gas sector as the roll-outs of Malaysia’s multiple enhanced oil recovery (EOR) projects will continue to underpin the re-rating cycle.

"We maintain our OVERWEIGHT call on the sector, with our BUY calls for SapuraKencana Petroleum, Bumi Armada, Yinson Holdings and Alam Maritim Resources while we have HOLD recommendations for Petronas Gas and Dialog Group," said AmResearch in its research note today.



Read more: Overweight on O&G sector, says AmResearch - Latest - New Straits Times http://www.nst.com.my/business/latest/overweight-on-o-g-sector-says-amresearch-1.534986#ixzz2xcobYaQp

Barry just wassap latest Imago mall photo. Friends, latest info, looks like Imago Mall almost completed. I dont see problem in April tenants can start their renovations. Thank you.

Wee, it's fair to thank all for unselfish feedbacks so far Note to all, if you open the link, please study the development from page 1 to 6. If you look at photos dated 26/6/2012 and compare to latest photos, you will see how fast Imago Malls and Loft are constructed. It's fair to see that by May, all can be completed. I hope Asiapac will complete Imago Malls and start operation earliest by 3rd quarter. Let's all wait for the good news. Thank you.

Updown, please open the link and go the last 6 pages. Thank you.

Updown, I hope you find this link useful as you did ask me to upload photos of Imago Malls. Please check photos dated 15th February 2014. Thank you. http://www.skyscrapercity.com/showthread.php?t=487415&page=6

Icon8888, I read your blog and appreciate what you have done. It's really informative and nicely done. Thank you.

I don't think you should be worried about the 280 millions borrowing. 200 million is low interest bond if not mistaken. And if Asiapac desperate for cashflow, they can sell Imago Malls on whole or 300 units on individual basis. Building of Imago Malls is around 500 millions, Icon8888. Thank you.

I think Imago Mall will start operation latest 3rd quarter of this year if construction fully done by May. Looking at it, its not impossible to think so, Basically what Barry, my associate in Sabah informed me is that Imago Mall only doing fabrication on external and internal wiring. Only the condo Loft still on major completion works. Thank you.

You are most welcome Icon8888. There's no obligation at all but please let us be the first to have the privilege to read your blog if you do. Thank you.

Icon8888, appreciate you gesture. However as mentioned by Fortunebullz, the recurring income from Imago Malls can be found in i3investor itself. No need credit to me, I am just amateur in stocks. You can read Up_down postings which I found very informative indeed.

Taken from I3investor:-

Asian Pac Holdings expects Imago Mall, its new retail venture in Sabah, to contribute up to RM70m, or more than 25%, to its yearly revenue from 2016. Syarikat Kapasi, a unit of Asian Pac, is developing KK Times Square Phase 2 in Kota Kinabalu. The project comprises the 800,000-square feet Imago, signature offices and 631 luxury apartment units.

•Asian Pac chairman Tan Sri Megat Najmuddin Megat Khas said Imago, which has 300 retail lots, is expected to rake in between RM60m and RM70m per year in the first few years of operation. (BT)

Icon8888, sorry, I don't have the rental rate, maybe you can call or email
Ms Chan Yoon Mun
Tel: (03) 2078 1522
Email : query@asianpac.com.my
I hope this will help. Yu didn't mention specifically on rental rate.
Tskw, I enjoy reading your feedback. Please contribute more. Thank you.

All of my stocks are not doing well lately. I bought Alam around 1.53 and has gone down since. Today I notice bulk purchase of half a million at 1.36, I do hope the price will recover soon. Thank you.

Thank you tksw. From the link we can see the almost completed entrance to Imago Mall. Appreciate feedback from Fortunebullz too, I remember buying Ecofirs based on his recommendation in Ecofirs tread not so long ago. Lately Asiapac has dropped and interest has also reduced. Maybe we need to wait for both Dataran Larkin and Imago Mall to be completed . I don't think we have to wait too long as both projects entering completion within few months time. Thank you.

Thank you LooL for your feedback. I appreciate some negative feedback from you all. Maybe we miss something as the market price drop all the sudden. Negative feedbacks do provide some insight that we may miss, however, I am sure there's nothing negative to share. Please share your negative feedbacks, it is very much appreciate. Here's a some to share to you all on Encorp opening of its shopping Mall. Thank you. http://www.nst.com.my/business/nation/encorp-strand-mall-set-to-open-by-end-march-1.525612

Tksw, I think 19.5 cents is low enough, but I am ready to pick up if it drop further. But I treat this as contra gain if it do go up. Thank you.