Posted by spiderman119 > 2015-05-26 12:28 | Report Abuse

Asiapac..really disappointing...make me lose money

Posted by sean08 > 2015-05-26 12:55 | Report Abuse

this quarter result will be good. End of financial year and opening of mall will see huge revaluation gain from the mall.

Posted by sean08 > 2015-05-26 13:05 | Report Abuse

Mall operation wont contribute any profit in the first year. Used Hunza's Gurney Paragon as a comparison, it takes one year to start making profit.

Posted by densim8 > 2015-05-26 13:40 | Report Abuse

sean08 is right...NTA will rise because of Imago Mall..

Posted by sean08 > 2015-05-26 14:06 | Report Abuse

If not mistaken Gurney Paragon (NLA 700,000sqft) current value is 650mil. Based on latest quarterly report, Imago (NLA 800,000sqft) is value at 350mil.

Posted by bullrun18 > 2015-05-26 18:17 | Report Abuse

Imago Mall worth 1.5 Billion ):-

Posted by sean08 > 2015-05-26 18:43 | Report Abuse

1.5Billion?? How you get this figure?? Think is a bit over estimate. Capital Mall's Gurney Plaza NLA circa 880,000 sqft market value is only 1.2 billion

Posted by bullrun18 > 2015-05-26 18:45 | Report Abuse

This is valuation for imago mall from asiapac management .
https://www.insage.com.my/Upload/MediaNews/ASIAPAC/ASIAPAC-TheEdge-24112014a.pdf

Posted by sean08 > 2015-05-26 18:56 | Report Abuse

Tx for sharing the article bullrun18

Posted by sean08 > 2015-05-26 18:59 | Report Abuse

any idea how popular is imago mall?? Wondering it can achieve 100% occupancy rate since average occupancy rate in KK is less 90%

Posted by bullrun18 > 2015-05-26 19:04 | Report Abuse

Currently occupied more then 85% .

Posted by Steven Teh Hwa Leong > 2015-05-26 19:33 | Report Abuse

How about the q.report..?

Posted by spiderman119 > 2015-05-26 21:54 | Report Abuse

U all may say either positive or negative news..if no break out means no action

Posted by davidlai63 > 2015-05-27 09:34 | Report Abuse

Celaka betul... Can't even a move... Up and then down... really like a human life huh.....

Posted by densim8 > 2015-05-27 09:46 | Report Abuse

at 90%...Imago Mall maybe break even....at 85%, could lose money....Basing on report on 6% Net Yield of RM850m.....Assuming net Yield is calculated on 95% Occupancy....

Posted by bullrun18 > 2015-05-27 10:04 | Report Abuse

Densim8 Basing on report on 6% Net Yield of RM850m
100 % tenanted net income will be 51 millions
currently nearly 90 % tenanted is just minus 10 % from 51 millions how come your calculation is break even or lose money haha ):-

Posted by sean08 > 2015-05-27 10:35 | Report Abuse

bullrun18 how you get to know the current occupancy rate?? Not much info from their website, what a poor marketing team. By the way, imago might offer low rental now to attract tenants, after a few years when the mall start to mature then only increase rate.

Posted by bullrun18 > 2015-05-27 11:24 | Report Abuse

I have visit the shopping mall few week ago that why I know ,even we discount the net yield to 5% 40 millions net income a year should be no problem this income still not including 2500 park space at imago mall ):-

Posted by densim8 > 2015-05-27 14:25 | Report Abuse

bullrun18...cost to maintain e.g. interest, electricity is the same even though the occupancy is 100% or 80%. Simplistic way to average down from the Net Profit by a constant e.g. 90% is grossly erroneous....john888, I am very happy for your 8 yr old son....

Posted by sean08 > 2015-05-27 16:39 | Report Abuse

densim8, you are right about the expenses but need 90% to break even?? May i know how much you think is the expenses?? Beside expenses, don't forget about the bank loan interest.

Posted by densim8 > 2015-05-27 16:54 | Report Abuse

sean08...i have earlier & including this post said about interest. I assumed 85% break even for new malls...After reading the link in detailed...The Chairman claimed critical mass (break even) at 80%. Well good for us......

Posted by spiderman119 > 2015-05-27 17:23 | Report Abuse

I understand asiapac also got other property development. I am sure still got unbilled sales..right folks

Posted by sean08 > 2015-05-27 17:34 | Report Abuse

Yes Q315 unbilled sales was 390 million.

Posted by spiderman119 > 2015-05-27 18:43 | Report Abuse

Hopefully final results will b good

Posted by spiderman119 > 2015-05-27 18:45 | Report Abuse

Thanks everyone for the information. I guess that we just hv to wait lor

Posted by IVAN2222 > 2015-05-27 18:46 | Report Abuse

hey..come on everyone...some delay due on paper work....will be ready...end of the weekday

Posted by IVAN2222 > 2015-05-27 18:47 | Report Abuse

good result soon...

Posted by IVAN2222 > 2015-05-28 15:12 | Report Abuse

AS I KNOW RESULT ALREADY SIGN BY CHAIRMAN..WHY IT DOESN'T RELEASE YET?

Posted by IVAN2222 > 2015-05-28 15:13 | Report Abuse

this seems like try to avoid last minute huge buying and selling....maybe will release after 5pm..and 2mrw will jump onto 0.27...1st resistance..then 0.3....2nd resistance

Posted by spiderman119 > 2015-05-28 16:02 | Report Abuse

Ivan..sure boh..dun potong steam

Posted by Steven Teh Hwa Leong > 2015-05-28 18:02 | Report Abuse

Bo lagi......

Posted by Albert Lee > 2015-05-28 18:21 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4755913

Posted by Tom > 2015-05-28 18:31 | Report Abuse

goreng time? o_O

Posted by bullrun18 > 2015-05-28 18:32 | Report Abuse

No more chance for those people waiting for 21 , 22 , 22.5 some even say can get 19.5 Wuahaha ):-

Posted by Steven Teh Hwa Leong > 2015-05-28 18:34 | Report Abuse

Tomolo will ........?!?!?!!!

Posted by bullrun18 > 2015-05-28 18:34 | Report Abuse

Re value imago mall add 700 millions to book ):-

Posted by soccerking82 > 2015-05-28 18:40 | Report Abuse

This is the a revaluation gain, one off accouting adjustment.
There are no real cash flow on it.

Please be careful.

Posted by Alex Chan > 2015-05-28 18:54 | Report Abuse

hahaha....
revaluation gain of 458 mil?
macam 1 mdb saja?

Posted by Alex Chan > 2015-05-28 18:56 | Report Abuse

who is their accountant>
it should be under exceptional item
trying to hide it...not realized in any way

Posted by bullrun18 > 2015-05-28 18:59 | Report Abuse

Asiapac not make money this fews quarter becos they invest a lot money to imago mall since shopping is open on business and tenanted nearly 90 % in future rental income will flow in Ac is worth for management dump in money to built this beautiful shopping mall assuming shopping value increase 8 % to 10% after 5 years Nta will jump to double again ):-

Posted by LYH78 > 2015-05-28 19:01 | Report Abuse

if no re-evaluation of the mall, this q will show negative profit if you check the report

Posted by LYH78 > 2015-05-28 19:02 | Report Abuse

but future still good after mall start contribute profit, should be able to show in next q

Posted by bullrun18 > 2015-05-28 19:04 | Report Abuse

No worry the worst thing had gone future is bright for Asiapac ):-

Posted by sean08 > 2015-05-28 19:09 | Report Abuse

hmm...wonder why the property development segment is losing money eventhough revenue quite substantial. Next quarter won't be that rosy if this segment still making loss. Mall operation won't contribute earning that fast.

Posted by bullrun18 > 2015-05-28 19:32 | Report Abuse

Alreadly said they not losing money they just used property development segment profit dump in to built this shopping mall is worth to created this mall for long term income flow in ):-

Posted by sheng88 > 2015-05-28 19:37 | Report Abuse

this share price at 0.25 but dividend 0.3?!

Posted by Up_down > 2015-05-28 19:41 | Report Abuse

Accounting trick for boosting profit or fooling investors. kikiki

Posted by mofaz14 > 2015-05-28 19:41 | Report Abuse

sheng88, 0.3 cents... not RM 0.3

Posted by bullrun18 > 2015-05-28 19:42 | Report Abuse

Asiapac closing price is 25 cents dividend is 0.3 cents ):-

Posted by bullrun18 > 2015-05-28 19:48 | Report Abuse

Currently NTA 79.7 cents is just a fair value from management only if re value few pieces of land belong to them can add another 40 to 50 cents to book value ):-