Posted by Kondohon > 2014-01-15 17:01 | Report Abuse

Thanks for the info sharing Tommylim

Posted by Xplosiv3 > 2014-01-15 17:32 | Report Abuse

cant get more @ 0.205....Zzzz..

Posted by tracyjz > 2014-01-15 17:49 | Report Abuse

Slowly but surely..first target .25

Posted by Tommylim > 2014-01-15 17:53 | Report Abuse

Thank you fellow investors. I shall sell Ecofirst once reach 30 cents and buy more Asiapac. Ecofirst was only 20 cents when i bought last time. Imago Mall is almost completed so i dont see much risk. I think the reason why Asiapac so cheap now probable due to fear that the project become abandon. Anyone have different opinion why Asiapac so undervalue? Appreciate your feedback. Flight back to KL tonight. Last night seafood of garoupa, lobster and king prawn are pure heaven. So going for 2nd round seafood dinner before flight back. Pardon me for raving too much. Thank you.

Posted by samsoongyc > 2014-01-15 18:04 | Report Abuse

Most likely due to the fact it doesnt give div for a long time .

Posted by tracyjz > 2014-01-16 10:18 | Report Abuse

T4 today..who got bullet better buy in

Posted by Xplosiv3 > 2014-01-16 11:25 | Report Abuse

ahha... get another 1000lot @0.205... :)

Posted by kabam88 > 2014-01-16 11:34 | Report Abuse

Still too high to get in, 0.19 will be fair price to get in

Posted by Xplosiv3 > 2014-01-16 11:37 | Report Abuse

my avg @0.180 .. still ok..

Posted by leon7 > 2014-01-16 11:44 | Report Abuse

Xplosiv3, good move!

Wish I had more cash to get in today. Can't wait for next week's action!

Posted by Up_down > 2014-01-16 12:52 | Report Abuse

It needs some catalysts to boost the price. Investors want track records of Asiapac. Coming quarterly announcement is crucial to prove its future business potential. Another is to hope Mah to let go his shareholdings soon.

Posted by leon7 > 2014-01-16 12:57 | Report Abuse

Why would Mah want to let go? And who would be the potential buyer of his stakes?

Do share with us if you have any info, cheers.

Posted by Tommylim > 2014-01-16 13:10 | Report Abuse

Sabah Asiapac KK Time Square almost completed. Imago Mall only only month from completion. After that, only involved internal wiring for lightings, conditioning and for confirm retailers to move in. At this point, would you as directors sell your stake? Would you as substantial shareholders dispose your stakes? After RM1.5 billion spent and only months away from official opening, would you let go of golden goose? The potential conservative 70 millions recurring income will only be reflected in coming 2015. And as business grow, rental rates will also go up thus projected 70 millions may yet to include many more hidden recurring incomes like billboard adverts, increase rentals etc. Do you think at 20 cents, Asiapac is expensive in valuation? Hope you hear from more experience investors. Appreciate your feedback. Thank you.

Posted by leon7 > 2014-01-16 14:38 | Report Abuse

Although I'm confident that the mall would launch well and be well-received by investors, I do not expect rental income for the immediate year and the next two years to be extraordinarily great.

Reason being, they are offering heavily-discounted rates to their anchor tenants such as Parkson and other good brands. Heavily discounted being rates that are less than half of market rates. Less than half of Mid Valley rates. And even lesser than the rates for East Coast Mall in Kuantan. It seems absurd but i guess this is their strategy to secure the tenants. Once lease renewals take place then income would be up.

Of course, Imago is not the ONLY factor that I'm confident in AsiaPac. And the low rental rates should not affect investors' perception on the stock value.

Just my humble opinion from a very newbie stock investor.

Posted by mfaizalm80 > 2014-01-16 16:10 | Report Abuse

accumulate.....this is a good counter.....tp53 above 6 mths

Posted by Tommylim > 2014-01-16 16:39 | Report Abuse

I appreciate your feedback Leon7. True, what you said is correct. That's the reason why I said for the first year or so the conservative 70 millions recurring income. I agree low rental rates offer to anchor tenants. This is a practice I think to attract other major tenants initially. Thank you.

Posted by wee888 > 2014-01-16 17:02 | Report Abuse

Yes, a good counter to invest long. RM70 millions divided by shares outstanding will give eps of abt 7 sens, which means a lot of upside for this counter.

Posted by samsoongyc > 2014-01-16 17:34 | Report Abuse

Leon7 Agreed with u but see location . Maybe slightly lower . If u owner n on prime location with pend up demand do u give big discount ? Just a view on property .

Posted by leon7 > 2014-01-16 17:45 | Report Abuse

samsoongyc, I would not believe that the rates offered to retailers would be so low, as mentioned by you regarding its prime location.

But thing is... Let's just say maybe I've seen their tenancy agreements. Maybe ;)

Regardless of the low rates, I'm hoping everything would go well as I'm vested in this counter. Sit tight and wait for next week's action!

Posted by Tommylim > 2014-01-16 17:49 | Report Abuse

Once Imago Mall become more popular with bigger customers traffic, dont you think Asiapac will set their own retail for f&b, hotel etc? The potential is umlimited if total ownership belong to Asiapac. Then again, i may be wrong. Just my personal view. Thank you

Posted by leon7 > 2014-01-16 17:54 | Report Abuse

Tommylim, very true. The low rental rates should not be the main concern.

Once they get the tenant mix right to attract crowds, Imago will prosper for the long term. If Imago does well it will provide support to their future developments around the vicinity as well.

I was pointing out the low rental rates just so people would not be too disappointed to find out about it later on. :)

Posted by tracyjz > 2014-01-16 17:54 | Report Abuse

asiapac is true Gem,just buy and hold bros.don't play intra day..

Posted by samsoongyc > 2014-01-16 18:06 | Report Abuse

Oh .. if u seen the tenancy agreement i think they should look for a new marketing head . Tks 4 secret tip . This co very careful in a way safe for us .

Posted by Tommylim > 2014-01-16 18:07 | Report Abuse

Owning few blocks of officeshop myself, initially i was force to compromise on low rents for first few years. But once the traffic increased, theres plenty of opportunities presented themselves for recurring incomes. So Leon7, i am ever optismistic regard to been a landlord strategy for Asiapac Imago Mall, plenty of recurring incomes. Hope contributors from Sabah can share their feedback here. Thank you.

Posted by samsoongyc > 2014-01-16 18:16 | Report Abuse

This will b like 1Utama in the making . Very huge potiental!!! Tried to buy at 0.20 today cant get . Haha...

Posted by Tommylim > 2014-01-16 18:28 | Report Abuse

I forgot to highlight as mentioned by Barry that Sabah encourage foreigners to buy properties under 2nd home program. Direct flights from Japan, Korea, Taiwan, China, Australia on daily basis. With 3 millions arrivals, just imagine the spending powers alone. Thank you.

Posted by Up_down > 2014-01-16 18:47 | Report Abuse

Tommylim, do you know any info of Asiapac substantial shareholder, Mah Sau Cheong?

Posted by Tommylim > 2014-01-16 18:53 | Report Abuse

No, upanddown. Is he disposing? Thank you

Posted by Tommylim > 2014-01-16 18:55 | Report Abuse

Isnt there half billion unbilled sales? Thank you.

Posted by Up_down > 2014-01-16 18:59 | Report Abuse

Amazing figures, 573 million unbilled sales.

Posted by Up_down > 2014-01-16 19:07 | Report Abuse

Mah is a registered substantial shareholder of Asiapac for more than 10 years and yet he has never sit on the board to earn fat salary. He was sued by a bank for 70m few years ago. His uncle, over 70s, is sitting on the board of SMI( substantial shareholder of Asiapac too) drawing few million salary each year. More important is SMI suffered loss. Weird.

Posted by Tommylim > 2014-01-16 19:11 | Report Abuse

Why was Mah sued for 70m by bank? Unbilled sales of half billion is not small. It csn cover 2 years of Asiapac sales alone. Am i right to say this? Thank you.

Posted by Up_down > 2014-01-16 19:28 | Report Abuse

He was sued for not executing an option. Its unbilled sales is enough for 2 years operation.

Posted by Up_down > 2014-01-16 19:32 | Report Abuse

Just discovered something. Mah pledged the shares to Ambank. He could be not in the full position to control it.

'Disposed of 2,145,700 ordinary shares in open market by Ambank (M) Berhad for the period from January 2013 till May 2013

Posted by Tommylim > 2014-01-16 20:02 | Report Abuse

Appreciate your revealation upandown. I dont think Mah should be a major concern. I heard about Naza want to become substantial shareholder. I dont know if this is rumour. Thank you.

Posted by Up_down > 2014-01-16 21:49 | Report Abuse

It seems that Asiapac is run by a professional team without much interference from the substantial shareholders. Mah seems an investor in this company. He was sued by Ambank 70m as a result of investing in Asiapac. As an investor for more than 10 years in a company without enjoying fat salary, are he willing to dispose it off at 25 cents speculated by some forumers ?

Posted by Tommylim > 2014-01-16 22:16 | Report Abuse

Anything is possible upanddown. I immediately sold my Hevea knowing directors dispose their shares. Why at 25 cents may i ask? Are you holding Asiapac shares as well? I really enjoy your feedback. Please do contribute more and i looking forward for fedbacks from others. Good or bad please share your feedback provided not using demeaning language. We are equal here. Thank you again.

Posted by ramunia > 2014-01-16 22:24 | Report Abuse

Volume quite high these few days , it might be a good sign.

Posted by Up_down > 2014-01-16 22:41 | Report Abuse

Tommylim, I'm sitting tight to enjoy a roller coaster ride if any. Asiapac forms 30% of my entire portfolio. TP 25 cents was speculated by some forumers for Mah to sell it off.

Posted by Tommylim > 2014-01-17 00:29 | Report Abuse

Appreciate your feedback upandown. Will keep it noted. Thank you.

Posted by mfaizalm80 > 2014-01-17 08:00 | Report Abuse

accumulate this stock...a good stock because they have good assets in sabah...besides my office is just few walking distance from the project. ..the apartments were fully snapped....the building's view is facing gaya island and strategically located among foreign travellers and tourists....believe and come to see for your own eyes. this company has a few ongoing projects in sabah......don't regret.....its going to be like bukit bintang surroundings......near by is a project by mahsing and spsetia the late comers....the share price will touch above rm1.00 after 1 year.....patient.......keep accumulate and keep it for long term investment.....furthermore the chairman megat nazmuddin sealed few projects for this company...he's a brilliant guys......whoever already bought and keep this share please do not dispose it....you will regret in longer period....price of building is no longer cheap here....furthrmore the current project is not far away from international airport only merely 7-10 minutes drive..behind on going new highway ......it's up to you.......i'm a long term shareholder of this company..........

Posted by wee888 > 2014-01-17 08:10 | Report Abuse

what are the few ongoing projects in Sabah?

Posted by tracyjz > 2014-01-17 10:14 | Report Abuse

Just google asiapac malaysia ..

Posted by wee888 > 2014-01-17 10:32 | Report Abuse

tks

Posted by blissleen > 2014-01-17 11:02 | Report Abuse

Hi all, may I know what will the impact be on share market if there is economy crisis?

Posted by Tommylim > 2014-01-17 12:20 | Report Abuse

Personally i feel very confident with what i seen. 30 cents just do no justice for Asiapac at all. Unlike other property or construction company, Asiapac smart enough to owned huge mall for recurring incomes even if economy not doing well. And with half billion unbilled sales, sufficient for 2 years revenue cover. Correct me if i am wrong. Thank you.

Posted by JENNY6088 > 2014-01-17 16:47 | Report Abuse

market under selling pressure , still can maintain above .20 psychology level . good sign !

Posted by tracyjz > 2014-01-17 18:48 | Report Abuse

0.205 is still cheap..accumulate more ..first tp .25

Posted by samsoongyc > 2014-01-17 18:52 | Report Abuse

Dont mind if hav seller 0.20 or below . Haha....

Posted by wee888 > 2014-01-17 18:54 | Report Abuse

yes, will grab below 0.20