hmmmmm...My calculation is like: if tomorrow this company closed, then sell off all assets, pay off liabilities, the rest share equally to all shareholder, then is RM4...
But how you get that RM0.95/share? Ajar saya Abang..hehe~
its about sector. Property sector in KLSE is weak. Malaysia properties are cheap. Malaysia economy is good. Malaysian citizens are richer and richer. Healthy inflation. everyone driving expensive cars but cant afford to buy houses? dont make me laugh. when properties sector is back. RM1 is easy peasy. buy when its cheap . not when its expensive. its about Risk VS Reward. what is risk of you losing 50% here? what is risk of you winning 50% here? 100% here? 200%? 300% here? i wont be suprised if you make 500% from this counter
Found something interested in THE BUSY WEEKLY pg ZB5.
1. Management won't discount any possibility to list IMAGO MALL as REIT.
2. Comparison between ATRIUM REIT and IMAGO, the former total assets only stood at RM243mil, latest closing price RM1.10 equal to market capital RM134mil. The latter, total investment properties RM1.27BIL, which is 5 times larger than ATRIUM. Therefore, ASIAPAC should priced at least RM0.60~RM0.70 per share.
3. Ongoing property development Fortune Centra would have handsome profit margin because land bought in the year 1988 at RM135/sf and the current value at RM700/sf.
Wa Wonderfull value . Seem now buy a share worth 1 ringgit at lowest 14. 5 sen only Seem this is the best . Better than ksl and tropicana Good sharing Thanks and all the best
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
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.
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.
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.
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)
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
GLau
81 posts
Posted by GLau > 2017-12-18 13:58 | Report Abuse
hmmmmm...My calculation is like: if tomorrow this company closed, then sell off all assets, pay off liabilities, the rest share equally to all shareholder, then is RM4...
But how you get that RM0.95/share? Ajar saya Abang..hehe~