EXSIM is definitely the developer of high integrity only then that Employees Provident Fund's subsidiary KWASA LAND is partnering with EXSIM RM1.6 billion mixed development at KWASA DAMANSARA. EXSIM is owned by trio Lim brothers.
What I hope is that apart from upgrading the Corous Paradise Resort for short term stay with Airbnb style , EXSIM would also inject some its multi billion property projects into this company after the completion of the takeover.
If one day PM Holding (most likely name changed to Exsim ........) became the giant multi billion property owner/developer , what would its share price be ???
Glad to see Exsim became a major shareholder of this company. It should unlock it's value by more than 2x of current price. If momentum is good, this might be the next Genetec. Time will tells.
How long does it take to convert PM Holding into a property giant ? Nobody knows !!! What I know is that EXSIM is a highly virtuous, experienced, trusted and respected developer. Employees Provident Fund (EPF)'s subsidiary, Kwasa Land partnering with EXSIM in the RM1.6 billion Kwasa Damansara project is a testimony.
stncws, From where you got the news ? How sure are you ? Sometimes a company might not want to go through the tedious procedures of IPO and use another company taken -over as a listing vehicle instead. Of course the decision is entirely up to EXSIM.
As I said it is up to EXSIM's decision whether to inject the properties. In that case, then see how the Lim brothers turn around the PM Holding to a much profitability as they also have experience in the hospitality sector.
New Straits Times March 7, 2024. EXSIM pays RM36.73 mil to buy large chunk of Pan Malaysia to grow its Airbnb business ---------------------------------------------------- "According to a spokesperson from EXSIM, the share acquisition in PM Holding is part of a larger strategy to expand its hospitality business.
The property developer has been venturing into short term accommodation in the KLCC ( Kuala Lumpur City Center) area since 2018/2019, the spokesperson said.
EXSIM aims to grow its short-term stay business seeing significant potential in this real estate segment. "
From part of the New Strait Times report, EXSIM has about 5 years of experience in short-term accommodation business which PM Holding can leverage on. In other words, EXSIM would turn around the profitability of PM Holding in due course, with EXSIM'S prudent management and capability. Moreover, EXSIM would play a prominent role in the promotion of tourism industry in Malaysia.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
stncws
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Posted by stncws > 2024-03-12 22:28 | Report Abuse
tp rm0.50 like 2015