Calvin is a well known pathetic fellow la.. Already warned u ppl mamy times.. He always acts like a pro but in fact his so called supporting points and buy call are all rubbish.. He will only make stupid buy call to buy at high price after the shares move up alot.. Im not his followers bt had seen him doing this in so many counters forum.. Btw im holding asiapac but way before he appears here..
I think Calvin gets everything right except the selfines of the management. The owner doesn't want to share the company growth with the shareholders. Btw, I bought Asiapac way back when they build Imago mall. Company fundamental is growing but not the shares price. Good luck to all of u. My Asiapac still kept inside the fridge
After looking though its Annual Report, I found out that this is an old and stable company. It was listed in Year 1963. It is a low profile company with huge assets. The par value of the share is RM0.20 (Company Act 1965), ICUL coversion price is 1 to 5 ordinary shares, i.e cost = RM 0.20, Warrant conversion price is RM 0.25 per share. So, in my honest opinion, if u buy below RM 0.20, u are considered safe.
It is a good company just the share price is undervalued, mostly because it is a low profile company with no dividend payout causing investors to leave this counter.
If u can hold long, then u will be rewarded and it has a high chance to go privatization(imho) and the price shall be RM 0.20 per share at least.
SBagan, Kluang, Ayer also all old companies which are very undervalued...but some chased high prices waiting for more than 10 years still not yet profit lol
Another 100+ yr old co. Ayer Molek got suspended in 2008...Ministry of Finance also trapped inside lol
I'm sorry to hear that Calvin. Hopefully we all learn sometime. Meanwhile, companies like PCHEM continue to grow its earnings and dividends, YINSON buys back 2.6 million shares and keeps the share price and earnings growing, and gkent is giving out 6% dividends a year. Ql may be expensive now, but I continue to hold because I get 10+% on my dividend yield ( based on my buying cost) every year.
I hope you can refine your investing methods and invest more in strong profitable misunderstood companies instead of buying and leading investors into poorly managed companies like karambunai, protasco, talamt and asianpac. Don't be fooled by ephemeral things like land and property ( which valuation is based on estimate and not fixed income generating) but focus more on iculs, debt and borrowings ( which is a fixed amount and you have to pay interest every year).
Look to responsible companies with strong earnings that reward minority shareholders with share buybacks ( increase per share earnings), dividends ( rights issue and share splits are not "rewards"), and understand where the earnings are coming from.
The days of the corporate raiders and leveraged buyouts ( breaking and selling companies for parts) are long over and will not exist in Malaysia.
As a minority shareholder you can only hope for increasing earnings, share capital gains, dividends and share buybacks.
Hope things work out for you.
>>>>>> No cutloss. Holding firm.
Though 99% of people don't have faith Calvin will hold.
Now below my cost.
And buy when there is blood on the street. Even if it's my own blood
Who Are We Asian Pac Holdings Berhad (“Asianpac” or the “Group”) was incorporated in 1913 and listed on the Main Board of Bursa Malaysia Securities Berhad in 1961. We are in the business of property development and property investment. Property development segment is our key revenue driver whilst property investment segment provides us a consistent business income growth. Our property development segment, which focuses on niche market comprises mixed development of commercial shops and high rise residential projects in Kuala Lumpur. Through our property investment portfolio, we operate a shopping mall located in Kota Kinabalu, Sabah. It is one of the components of our flagship KK Times Square II project which we have retained as our investment property. We also provide car park management services on multiple car parks that we own. Presently, we operate approximately 3,600 parking bays located in Kota Kinabalu, Sabah.
Bursa investors majority impoverished by dirty dealings over many years...now 99% not interested to buy & hold...with the old man again talking rubbish, almost everyone looking for quick hit & run lol
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....
calvintaneng
55,118 posts
Posted by calvintaneng > 2019-04-16 16:30 | Report Abuse
Apollo
Duta bank is a bond lah
Every year gets stable income enough loh