Posted by rocket > 2015-08-27 19:36 | Report Abuse

totally speechless....

Posted by angku > 2015-08-27 19:38 | Report Abuse

How to continuously laosai for so many days? Need to see doctor already

Posted by densim > 2015-08-27 23:16 | Report Abuse

as I was commenting early...usually if the Qtr results are good...eg ending June, the price would be moving upwards...by July. In this case it was downwards...So not unexpected the June Qtr is bad...Did not expect it to be so bad....

Posted by pola0808 > 2015-08-27 23:26 | Report Abuse

Roughly read the report, matched with the explanation given by management. I copied out some content in the report only, please read thru the report and interpret it urself.

For the current quarter under review, the Group recorded a lower revenue of RM21.1 mil as compared to preceding year corresponding quater of RM61.8 mil. The lower revenue in current quarter was mainly due to lower revenue recognised by the property development division for the projects at KK Time Square2, Dataran Larkin and Fortune Perdana as compared to the preceding year corresponding quarter.

The group recorded a loss before tax of RM6.9 mil in the current quarter as compared to profit before tax of RM7.7 mil in the preceding year corresponding quarter. the loss before tax in the current quarter is mainly due to lower revenue recognised by the property development division, higher operation and finance costs incurred for the Mall as compared to the preceding year corresponding quarter.

Compared the 2015 and 2014:
Property development 14,862 60,558

Finance costs (6,089) (1,390)
Mall Operations (3,244) -

Prospect:
The Imago Mall at Kota Kinabalu, Sabah was officially launched on 28 March 2015. The Mall Operations will be an additional contributor to the Group results besides the existing Property Development Division and Car Park Operation in the current financial year. ....we are confident that the results for the current financial year to be favourable.

Posted by CheeBaiTat > 2015-08-28 09:05 | Report Abuse

Finally time to buy

Posted by tksw > 2015-08-28 09:23 | Report Abuse

wau, the price doesn't go down further...

Posted by CheeBaiTat > 2015-08-28 09:50 | Report Abuse

price in already

Posted by Sean08 > 2015-08-28 09:58 | Report Abuse

Already said that don't expect the mall the make profit, based on Hunza's Gurney Paragon will only breakeven after one year in operation. Mall rental of 5.4mil is actually not bad.

Posted by lsw99my > 2015-08-28 12:08 | Report Abuse

agree with pala0808, and sean 08
hold and see the next few quarter result, target holding at least 2 year based on initial target, and prepare to top up

Posted by Sean08 > 2015-08-28 14:02 | Report Abuse

What's worrying me is the property development division. Hope revenue will pick-up in coming quarter when it starts to realize sales from Kepong project which is at it's early stage now. It seems offering free parking at it's mall. Is that a common practice in all the other malls in Sabah?

Posted by bbcoffee_520 > 2015-08-28 14:22 | Report Abuse

Well, just need patience for this counter, need time to grow

Posted by angku > 2015-08-28 20:59 | Report Abuse

Free car park can attract customers. I like it since it is a new mall. People will go there for free things like this.

Posted by Sean08 > 2015-08-29 10:30 | Report Abuse

See pictures posted in Imago facebook, still got quite a lot of empty lots in the central court, hope will have tenants soon

Posted by Sean08 > 2015-08-29 10:34 | Report Abuse

angku, any idea about how popular is Imago mall?? Posted picture in their facebook looks quite empty, no big crowd.

Posted by angku > 2015-08-29 11:49 | Report Abuse

Sorry, I am not in Sabah. I also have no idea. Maybe have to hold this stock until economy grows strong again.

Posted by bbcoffee_520 > 2015-08-29 14:17 | Report Abuse

Sean 08, heard from my friend, many ppl visit imago mall

Posted by samsoongyc > 2015-08-31 16:56 | Report Abuse

Waiting for crazy offer sales....

Posted by IVAN2222 > 2015-09-01 12:10 | Report Abuse

GOOD DIVIDEND...BUY BUY BUY

Posted by IVAN2222 > 2015-09-01 12:10 | Report Abuse

IMAGINE RM 3 PER RM 180..WHERE TO FIND..WITHIN 2 MONTHS

Posted by IVAN2222 > 2015-09-01 12:11 | Report Abuse

0.56% PER 2 MONTHS

Posted by IVAN2222 > 2015-09-01 12:11 | Report Abuse

EQUAL 3.36% PER ANNUM...MORE THAN FD

Posted by IVAN2222 > 2015-09-01 12:11 | Report Abuse

BUT FD IMPOSSIBLE FOR YOU TO PLACE RM 180..HAHA

Posted by samsoongyc > 2015-09-01 14:38 | Report Abuse

In that case might as well press down to 0.10 no difference to me haha !!!

Posted by angku > 2015-09-01 15:34 | Report Abuse

not bad

Posted by IVAN2222 > 2015-09-01 16:55 | Report Abuse

U HAVE TO KNOW RISK AND GAIN ALL THE TIME....

Posted by IVAN2222 > 2015-09-01 16:57 | Report Abuse

IF U PLAY CONTRA, PLEASE GO OUT FROM KLSE..HEHE

Posted by contemplator > 2015-09-01 21:02 | Report Abuse

batmanforever, mind to share how the owner has bad record? what happened to SMI?

Posted by bbcoffee_520 > 2015-09-02 10:00 | Report Abuse

Batman won't share his secret :)

Posted by samsoongyc > 2015-09-02 12:45 | Report Abuse

This owner very fierce would give top 3 ranking....can press it down to pittance to NTA value

Posted by samsoongyc > 2015-09-02 18:10 | Report Abuse

Hope some foreign funds notice this counter very special offer less than US $ 0.05 per share

Posted by contemplator > 2015-09-03 16:26 | Report Abuse

the sole reason to buy this stock is anticipated revenue and profit gain from IMago mall operation... fundamentally sound from view of NTA and operation wise, financially this is a highly geared stock.

Posted by leslieroycarter > 2015-09-07 15:50 | Report Abuse

27 Aug 2015 ASIAPAC 1st 31 Mar 2016 21,067 (6,931) (0.70) - 21,067 (6,931) (0.70) - 0.7910 Unaudited

Posted by funitec > 2015-09-10 00:39 | Report Abuse

Bumps will occur in earnings, especially after the earthquake.

Posted by N00b > 2015-09-10 10:20 | Report Abuse

I just came back from KK,

(Personal opinion)

I will be brief:


The mall:
1- Imago mall seams pretty well built and is on par with a modern-city mall.
2- The occupancy rate is very high in the mall; especially the lower floors.
3. The company intends to keep the lowest two floors under its management - i.e. rent them out not lease them - I can deduce from that that the company will take care of the building because they have a big stake in it.
4- I asked around and the response I got from local real estate agents, locals living in KK and taxi drivers was very favorable.

The company:
1- When I asked if they had a bad reputation, I was told that the company has a good reputation and they build high quality buildings
2- As far as delays go, I was told the company is sometimes is by a very short delay.


The future;
The company has already sold almost if not all of KK loft condos, the mall will be filled with tenants - Look at TripAdvisor, the mall is ranked #1 mall in KK by tourists. The company is in a very good position to take on the slump in real estate because they have yet to announce any new projects and their older projects are already sold.

Posted by angku > 2015-09-10 12:11 | Report Abuse

thanks for sharing Mr. N00b

Posted by Kai Shien Ks > 2015-09-11 00:40 | Report Abuse

thanks for ur sharing and opinion

Posted by N00b > 2015-09-11 09:23 | Report Abuse

You're welcome. I didn't have a decent camera when I went, This picture I found online is a close illustration of the amount of people that were in the mall when I went.

http://i0.wp.com/sabahbah.com/wp-content/uploads/2015/01/imago-the-mall-kk-times-square-31.jpg

A good mix of locals and tourists.

Posted by Albert Lee > 2015-09-16 00:36 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4863945

Posted by paperplane2 > 2015-09-22 12:41 | Report Abuse

bad result due to property slowdown........how

Posted by rmkfac100812 > 2015-09-22 13:30 | Report Abuse

VRY GD NEWS!

Posted by paperplane2 > 2015-09-22 13:39 | Report Abuse

phewwwwwwww

Posted by paperplane2 > 2015-09-22 13:50 | Report Abuse

?? So?? You don't own i3forum right? I give my view only also cant? You are worst than najis and red shirt.

Apa lagi u mahu??

Posted by paperplane2 > 2015-09-22 13:58 | Report Abuse

so? I am still here...........so???

Posted by Icon8080 > 2015-09-22 14:01 | Report Abuse

Paperplane is always welcome here. The more he complain the higher Asiapac go.

Posted by Icon8888 > 2015-09-22 14:02 | Report Abuse

Ya ya ya I am more than happy to do that

I like to teach bad boys manners where their parents failed

LOL

Posted by bullrun18 > Sep 22, 2015 01:56 PM | Report Abuse

Icon8888 will screw you every days and night waukakakak ):-

Posted by paperplane2 > 2015-09-22 14:03 | Report Abuse

haha..........Icon8080-Icon8888??

Posted by paperplane2 > 2015-09-22 14:04 | Report Abuse

sorry Icon8888, me is single infant. So need you to teach manner such as those vulgar words like fxxx, sohxxxi, lanjxxxo which I never learnt in school leh.

Please teach me HERE

Posted by paperplane2 > 2015-09-22 14:19 | Report Abuse

Teach me manner such as those vulgar words like fxxx, sohxxxi, lanjxxxo which I never learnt in school leh.

Please teach me HERE

Posted by paperplane2 > 2015-09-22 14:20 | Report Abuse

read the edge carefully man

Posted by paperplane2 > 2015-09-22 14:23 | Report Abuse

TheImagoMallatKotaKinabalu,Sabahwasofficiallylaunchedon28March2015.TheMallOperationswillbeanadditionalcontributortotheGroup'sresultsbesidestheexistingPropertyDevelopmentDivisionandCarParkOperationinthecurrentfinancialyear.WiththerecurringincomefromtheMallOperationsandCarParkOperationsaswellasfromtheProperty Development Division, we are confident that the results for the current financial year to be favourable