Today has more time to check on 3Q17, and found that, the disposal of MSL was completed on 15Aug, and inccueed one-off gain on disposal of RM4.54 million (this amount co-incidently approximately the PBT of the Q .... :D
In the coming Q, without the profit from MSL and one-off gain, could it still record profit? could the TBB loss reduced by the 100 tents canopi? let's see :-)
i am pretty sure losses will reduce significantly in coming 4th quarter,since year end was holiday season and TBB should benefited.i actually expect landmark return to black in 4th q but only with tiny profit,massive profit will only show up starting from 2nd half 2018 onward.
After looking at 4Q17, my feeling is,although this is a potential stock, but the sake for recover is not the simple one.
Q4 was without profit sharing of 6.8m from MSL, as well as, one of gain of 4.54m, after factored these in, i found that Q4 had not much improvement from Q3, despite Q4 was a holidays occupied quarter. (may be the 100-tents canopy was already run in full strength from Q3 onwards) ;D
it needs new sources for the sake of recover, i read some interesting info.,
in Q3 report, The Group will be launching its sales of the luxury villa residences at Chiva-Som Bintan in the 4th quarter of this year and the Board expects the sales will contribute significantly to the Group’s revenue and profits in the next financial year.
in Q4 report, The Group has started the sales & marketing of the Chiva-Som Residences Bintan in early 2018. The Board expects the sales to contribute significantly to the Group’s revenue and profits in financial year 2018.
Let's see how this would contribute? is the take-up rate up to the expectation? :D
generally a disappointed quarter due to litigation cost totally wipe up The Andaman's profit,with marine life park will be launching at 2nd q and sales of chiva som bintan residences, the growth prospect remain intact,personally i will add more share if share price drop to below 80 cen.
may be the major shareholder entry price could serve as a reference :D
10 yrs ago, genting bot 30% @2.00 /per share (if i'm not mistaken), but don forget just last yr privte placement 10% @0.76 issued to "genting private" ;D
1) Litigation loss in Indonesian Medan court for constuction problem few months ago and now in Malaysian court for minimum wage issue in recent quarter.
What are the management and its lawyers doing ? Any more coming ?
2} Writing off
The writing off is going to be perpetual and getting higher and higher
We should meet and question the management at the coming AGM in May .
OTHERS Incorporation of Subsidiaries LANDMARKS BERHAD
Type Announcement Subject OTHERS Description Incorporation of Subsidiaries The Board of Directors of Landmarks Berhad (“Landmarks” or “Company”) wishes to announce that its indirect wholly-owned subsidiary, Tiara Gateway Pte Ltd, has on 23 March 2018 incorporated the following four (4) subsidiaries in the Republic of Seychelles:-
1. Benuwa Investments Pte Ltd
2. Midai Investments Pte Ltd
3. Mubur Investments Pte Ltd
4. Serasan Investments Pte Ltd
The certificates of incorporation for the subsidiaries were received from the Registrar of International Business Companies, Republic of Seychelles on 28 March 2018.
Each subsidiary has an authorised capital of USD1.0 million comprising 1 million ordinary shares of USD1.00 each and a paid-up capital of USD1.00 comprising 1 ordinary share of USD1.00 each. The principal activity of each of the subsidiaries is investment holding.
The incorporation of the subsidiaries does not have any effect on the issued and paid up share capital of Landmarks and substantial shareholders’ shareholdings. It also does not have any effect on the net assets and earnings of Landmarks for the financial year ending 31 December 2018.
None of the Directors, major shareholders of Landmarks and/or persons connected to them, have any interest, direct or indirect, in the incorporation of the subsidiaries.
you need to have Indonesia companies if you wish to buy a land in Indonesia. the subsi are for chivasom owners, the company will sell the companies to them if they purchase a villa, they mentioned it during the AGM before. some shareholders asked this before.
in Q317 report, The Group will be launching its sales of the luxury villa residences at Chiva-Som Bintan in the 4th quarter of this year and the Board expects the sales will contribute significantly to the Group’s revenue and profits in the next financial year.
in Q417 report, The Group has started the sales & marketing of the Chiva-Som Residences Bintan in early 2018. The Board expects the sales to contribute significantly to the Group’s revenue and profits in financial year 2018.
in 1Q18 report, Sales and marketing of the Chiva-Som Residences Bintan is on-going. The Board expects the sales to contribute significantly to the Group’s revenue and profits in financial year 2018.
yes, would contribute significantly .... when only sold! :D
observed change in the property development cost under cash flow from operating activities: It has been 20+ million for past few quarter, this quarter reduced to 5 million. Loss is also narrowed down, perhaps can observe few more quarter for certainty.
still loss as expected, yet to read through the whole financial report. Just a quick glance or prospect:
V Integrated Wellness has won three awards from The 2018 World Luxury Spa Awards, in the categories of 2018 Luxury Jungle Resort Spa (Global Winner), 2018 Luxury Eco Spa (Continent Winner: Asia) and 2018 Best Unique Experience Spa (Country Winner: Malaysia). These awards will enhance our positioning of The Andaman as a wellness resort. The management expects The Andaman’s financial performance to improve further. Treasure Bay Bintan continues to attract more visitors. Both The Canopi and Chill Cove had experienced better operational results. The Dream Cruise by making Bintan a port of call has contributed to the visitorship. The management expects the visitor trend to continue and more activities and attractions are being offered to the visitors. The Board expects the revenue contribution from Treasure Bay Bintan to increase further in 2018. The sales and marketing of the Chiva-Som Residences Bintan has started in early 2018 and the Board expects the sales to contribute significantly to the Group’s revenue and profits in the future.
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....
firehawk
4,782 posts
Posted by firehawk > 2018-02-11 17:48 | Report Abuse
Today has more time to check on 3Q17, and found that, the disposal of MSL was completed on 15Aug, and inccueed one-off gain on disposal of RM4.54 million (this amount co-incidently approximately the PBT of the Q .... :D
In the coming Q, without the profit from MSL and one-off gain, could it still record profit? could the TBB loss reduced by the 100 tents canopi? let's see :-)