Last time I met this asiapac staff. Company offer ESOS. Basically cheap shares for employees. But the employee say no confidence!!!! So din buy. Hahahahahahhaa. Employee also don't trust this stupid company. Useless la this company. Kampung developer only.
late last year I read that IMAGO Mall has tenants to reach critical. Unfortunately from what I read now the Mall cannot Break Even...Well, the company is already highly geared & now have raise Funds from shareholders. I hope they are successfull. I am not writing them off. The parcels of land in Semenyih & Nilai (near HSR) will be very valuable in the near future...
They don't have money to paid dividend this year all money they have need to cover the interest die hard if shopping mall continue not making money <<<<
something worrying is with their shopping mall achieving ~90% occupancy rate, they are still barely making any profit or even some losses. we need to differentiate whether its some startup cost due to new opening of shopping mall or the rental from tenant for Sabah is that low, or maybe giving some special discount for the 1st few years of rental? its hard to imagine a shopping mall with ~90% occupancy rate still barely making profit.
Reference is made to the earlier announcements in relation to the Proposals.
On behalf of the Board of Directors of Asian Pac, Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) is pleased to announce that the Securities Commission Malaysia (“SC”) had via its letter dated 14 February 2017, approved the application submitted by Affin Hwang IB on behalf of Mah Sau Cheong and person acting in concert with him, seeking an exemption from having to undertake a mandatory take-over offer in Asian Pac under subparagraph 4.08(1)(c) of the Rules on Take-overs, Mergers and Compulsory Acquisitions.
All property market still slowdown. Even johor property development sector have some of their funds cut off. But worth keeping for long term. For short term better see manufacturing and tech sector stocks
Undervalue counter with good take up rate at Kepong new launched. Imago mall continue perform with consistent income generated. Stay tuned next QR. TP : RM0.23
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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....
terminator88
312 posts
Posted by terminator88 > 2016-07-27 18:57 | Report Abuse
Stupid company. Won't move in these few years I think. Imago mall is just overhyped