Posted by SincereStock > 2018-05-24 19:57 | Report Abuse

NTA : PRICE = 0.935 : 0.150 = 6.2 : 1
is this the highest ratio of NTA : PRICE among all stocks currently traded at KLSE?

anyone know what is the reason? is it because of the Iculs?

Posted by SincereStock > 2018-05-28 18:00 | Report Abuse

Wow, excellent result~!!!

Posted by freddiehero > 2018-05-28 18:09 | Report Abuse

good

Posted by SincereStock > 2018-05-28 18:11 | Report Abuse

Mall operations of Imago has improved a lot and contribute significant amount of profit~!!

Posted by GG_Liang > 2018-05-28 18:31 | Report Abuse

Great result. NTA 96c now

Posted by Li Li > 2018-05-30 13:54 | Report Abuse

But still everyday low

Posted by GG_Liang > 2018-05-30 17:46 | Report Abuse

Welcome to klse

Posted by SincereStock > 2018-05-30 17:57 | Report Abuse

today klci index -56.56 (3.18%), it is the worst since 2008, Asiapac can close at 0.155 is very good already, I believe this stock can up once market sentiment is good again

Posted by SincereStock > 2018-05-31 12:59 | Report Abuse

at current price, you just have to invest 1.55mil into this stock and you will own 1% (not less than 0.5% if taking all the warrants and iculs into consideration) of the company that wholly owns Imago Shopping Complex at Sabah.

With 1.55mil you can hardly even buy ONE of the shop units inside the mall, not even mention that non of the shop units are currently for sales or owned individually.

please correct me if I am wrong, thank you

Posted by SincereStock > 2018-05-31 13:07 | Report Abuse

can't believe people are still selling at rm0.150 now,

too bad I don't have such amount of money, or else sure I would be glad to buy asiapac's 1% total shares

Posted by contemplator > 2018-06-01 09:45 | Report Abuse

The central problem of this counter, I believe is shortage of cash. They plan to buy 300M worth of lands in PJ, I think this will be a good deal but on the other hand the company really committed a high level of debts.
Sure I believe this counter have a bright future since i also holding this stock but I really wonder how the management to raise the cash. Digging the shareholders' pocket like in 2017? (Issue ICULS).

The PJ land purchasing is a good deal on my opinion however.

When considering the NTA, please note that a lot of this fixed asset comes from its IMAGO MALL revaluation which almost occurred every year. As a prudent investor I will reduce some of the NTA from this counter albeit to RM 0.5-0.6.

If the debts level of this counter is reduced significantly coupelled with better cash flow, this counter's price will fly for sure.
However we had to accepted that in reality this counter's future will depends on the ability of it to earn substantial profit from the lands it holds and how to improve its cash flow and reduce its debts.
Imago is a germ and don't doubt its earning ability. Be frank, I wonder why the car park earning is not up to expectation despite good foot falls in IMago. I expect the quarter earning from car parking itself to be ~2M.

Just sharing my opinion that the general may not notice, any serious investors know that the buying or selling actions always need to come from their calculation of due contemplation.

Posted by supersaiyan3 > 2018-06-02 10:08 | Report Abuse

SincereStock, i thought of buying 20%, hehe! Just thinking.....

Posted by supersaiyan3 > 2018-06-02 10:10 | Report Abuse

comtemplator, there are always more cars then parking available. Such a wonderful business. I think management should create a small number of expensive car park to increase profit.

Posted by SincereStock > 2018-06-02 11:09 | Report Abuse

https://www.facebook.com/photo.php?fbid=1855899771097112&set=p.1855899771097112&type=3&theater&ifg=1

they just increased their carpark parking rate at kk times square (buildings beside Imago)
I think same adjustment will be (or already be) made to all their owning carparks (including Imago mall)

Posted by Li Li > 2018-06-06 22:17 | Report Abuse

Hopefully will increase lor, waiting for so long already

Posted by SincereStock > 2018-06-07 09:35 | Report Abuse

if you refer to bursamarket.com, lately there are multiple sessions of conversions of loan stocks (ICULS) into ordinary share at the exercise price of RM0.20, which are most probably done by insiders or substantial shareholders. I suppose this is a very strong indication that the share price can easily stay above RM0.20 sooner or later.

market sentiment are also getting better now, seems like less and less people are willing to sell at price as low as RM0.160

Posted by verbatin1969 > 2018-06-07 12:35 | Report Abuse

loan stock conversion is 20 sen? thought is 5 loan stock to exchange for 1? if insiders want to buy, they can just buy directly from the market at 16 sen?

Posted by SincereStock > 2018-06-07 13:32 | Report Abuse

RM1 loan stock can be converted into 5 ordinary shares, which is also equal to Rm0.20 per ordinary share.

yes, I suppose they can buy directly from the market at 16 sen, but they chose not to? why?

from what I speculate, it is not that they do not want to buy from the market, in fact, they are trying to buy from the market, but the volume is low, not many sellers at this price, not much they can accumulate. But still they are not trying to offer better price or to push up the price at this point, they simply intentionally keep the price at current level and try to accumulate as much as they can while they still can.

that is just my speculation anyway, please correct me if you think I am wrong or have other more reasonable speculation of what is happening now

Posted by SincereStock > 2018-06-07 13:41 | Report Abuse

however, there is 1 thing that I cannot understand with the conversion of ICULS into ordinary share now, is that by keeping the iculs, holders can actually get 3% interest annually. So realistically, holders should not convert their iculs into ordinary share before it is close to expire date, unless there is dividend announced for the ordinary shares.

isn't converting the iculs to ordinary shares equal to giving up of the 3% annual interest?

again I am still a new learner, please correct me where I am wrong, thank you

Posted by GG_Liang > 2018-06-07 14:53 | Report Abuse

I haven't convert yet.

Posted by Li Li > 2018-06-14 11:33 | Report Abuse

Not moving shares

Posted by ivan9511 > 2018-06-25 02:58 | Report Abuse

I also quite confuse what the fuck want conversation at 20sen
The handsome asiapac only 15sen .
Many shareholders happy to sell you at 15sen
This asiapac can not up one no matter nta now is 1 ringgit or
No matter thier results is the best among all property counters
Asiapac just forgot from people
People only know uems mahsing ecow spsetia matrix sunway.
Mrcb. Cres . Wct. Bjland. Ytl.ytlland . Klcc. Tambun. Huayang . Gamuda . Hapseng
So what the hell is asiapac sorry even me also never heard it

Posted by sengkee > 2018-07-05 11:01 | Report Abuse

the warrant got chance to go up like Taliwrk-WB and Menang-WB? but not much sellers

Posted by 692718720 > 2018-07-17 00:11 | Report Abuse

Kepong condo resident suit this company. First step win edy ...
Now turn to second step ...

Posted by Runnn > 2018-07-18 11:36 | Report Abuse

Standby guys, time to recoup fair value

Posted by Runnn > 2018-07-18 11:38 | Report Abuse

Penny stocks rebounding

Posted by Runnn > 2018-07-18 16:53 | Report Abuse

Wow, index up 15pts

Posted by sengkee > 2018-07-19 15:09 | Report Abuse

almost the same NTA with IWCity, around RM0.96.

Posted by 692718720 > 2018-07-22 15:07 | Report Abuse

This is a bad company to cheat buyer

Some of buyer going to suit this company. Now edy on court ....
see how in the end.

Posted by SincereStock > 2018-07-27 15:05 | Report Abuse

amazing, still no rich outsider with huge modal trying to take over IMAGO at this price? seems like just 1 people playing with the queue keeping it at 0.145 to 0.160 range

Posted by NickLai > 2018-08-08 17:44 | Report Abuse

Starting to build momentum. Technically good to buy when market is still positive with a breakthrough of 1800 points

Posted by Kelvintan88 > 2018-08-09 19:42 | Report Abuse

Sincerestock, looks like some ppl playing this counter, they hungry to sell at 15.5. They boost up the volume at 15.5, once buyers get in then they throw, omg...I trapped at 0.16 last mth, haizzzzzzzzz

Posted by Kelvintan88 > 2018-08-09 19:47 | Report Abuse

692718720, where you get the details? How is the court case outcome? I'm worry insider taking profit before the company make announcement on court case.

Posted by ivan9511 > 2018-08-09 19:49 | Report Abuse

Hi guys this counter you cannot compliment one.
Whenever got volume up up up then people say wa undervalued nta 1 ringgit profit is the super
Then asiapac heard we compliment him
He will down back to 15sen
Already 3 times recently.
This counter is hard rock .

Posted by Kelvintan88 > 2018-08-09 19:54 | Report Abuse

Haizzzzzzzzz, tricky asset. Why SC didn't take action on this ppl

Posted by NickLai > 2018-08-09 20:29 | Report Abuse

Keep it and u will never regret. Technically similar to psiptek stock. Someone is in collection mode, that's why it doesnt drop further 15cents down.

Posted by Kelvintan88 > 2018-08-10 00:37 | Report Abuse

Hopefully is collecting, what I saw is pressure selling, that's what I worried about. It's happen few times dropped back to 14.5cts before ;(

Posted by Kelvintan88 > 2018-08-10 00:37 | Report Abuse

Pray hard for tomorrow

Posted by Kelvintan88 > 2018-08-10 09:07 | Report Abuse

Fake buyer again, haizzz

Posted by Kelvintan88 > 2018-08-10 10:32 | Report Abuse

Nicklai, can you explain why ppls keep throwing at 15.5???

Posted by Yael Jasper > 2018-08-10 10:45 | Report Abuse

Best

Posted by NickLai > 2018-08-10 11:15 | Report Abuse

It's called a resistance level. They cant be dumping at 15.5 cents forever when buyers are starting to build up. See the MA lines as your indicator.

Posted by SincereStock > 2018-08-10 15:29 | Report Abuse

can see that someone is collecting, manipulating the price at 0.145-0.16 level. for the price to go up, it need more than 1 person or 3rd party (who are cash rich) compete to collect, only then they can't always keep the price at such low level to collect.

what I don't understand is there is still no cash rich 3rd party come to collect this share to become significant shareholders, considering this company market capitalization is relatively low compare to what it worth. market capital is just 160m at this price, which there are many persons in Sabah / Malaysia or even foreigners are rich enough to afford taking over the whole company. The weird thing is, none (or just 1) of these rich people are interested to invest in this company. just come to sabah kk to take a look at imago shopping mall, you will agree it worth a lot more than 160m

Posted by NickLai > 2018-08-10 15:36 | Report Abuse

Well you might say that the property sector is not welcoming enough, if you compare with other property stocks which are stagnant or going downhill . Price of property has been bullish for the past few years ago, creating an oversupply of property developments. Might just stick back to technical indications for the time being.

Posted by NickLai > 2018-08-20 10:39 | Report Abuse

im queing at 15.5cents. Hopefully someone will dump to me

Posted by Kelvintan88 > 2018-08-20 11:14 | Report Abuse

Everyday playing 0.15 sell 0.155-0.160. When ppl throw 0.155 buyer cancelled. Why this good company market don't want to push up the price, keep playing at 0.15-0.155????

Posted by jordanmaggie61 > 2018-08-20 11:28 | Report Abuse

Good news incoming, oh yeah !

Posted by NickLai > 2018-08-20 17:41 | Report Abuse

Be patient and you will be rewarded. Although my target price is between 17cents. But if you're using Volume as your indicator, try recording it daily so you would know how much player there is. For me I personally think that the directors are collecting it. Once selling is reduced, you will see a big jump for this stock.

Posted by Yael Jasper > 2018-08-21 11:22 | Report Abuse

Good job ! keep rising....

Posted by verbatin1969 > 2018-08-21 14:13 | Report Abuse

ya lor, please do not said director is colleting/buying when there is no announcement on Bursa about insider buying. that is misleading to the folks here