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.
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.
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.
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.
TheImagoMallatKotaKinabalu,Sabahwasofficiallylaunchedon28March2015.TheMallOperationswillbeanadditionalcontributortotheGroup'sresultsbesidestheexistingPropertyDevelopmentDivisionandCarParkOperationinthecurrentfinancialyear.WiththerecurringincomefromtheMallOperationsandCarParkOperationsaswellasfromtheProperty Development Division, we are confident that the results for the current financial year to be favourable
TheGrouprecordedapre-taxlossofRM6.9millioninthecurrentquarterended30June2015,anegativevarianceofRM518millionfromthepre-taxprofitofRM511.4millionintheprecedingquarterended31March2015.Thedecreaseinpre-tax profit was mainly due to in the preceding quarter fair value gain on investment properties.
ThelowerrevenueincurrentquarterwasmainlyduetothelowerrevenuerecognisedbythepropertydevelopmentdivisionforprojectsatKKTimesSquare2,DataranLarkinandFortunePerdanaascompared to the preceding year corresponding quarter.
Who can get mad at Paperplane. He is just highlighting matters in Asiapac. Unlike mama Icon who keep ranting as if he is the authotariian appointed to rule in i3.
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....
angku
489 posts
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.