Posted by Nepo > 2019-04-24 09:15 | Report Abuse

Thank SincereStock for giving the right info. I just overlooked as I am new to this counter.

Another thing I didn't get it is that since the market price of Asiapac now is below RM0.20 (RM 0.14 precisely), Isn't the original subscriber of the the ICULS who subscribed at RM 1 (One convert to 5 ordinary shares, i.e. cost of ordinary share = RM 1/5 =RM 0.20 per share) will lose as the market price of the ordinary share is RM 0.14?

Assuming one ICULS price now is RM 0.75. If one buy in this ICULS, then he can convert this one ICULS to 5 ordinary shares, the cost of this one ordinary share is RM 0.75/5= RM 0.15 per ordinary share. If he doesn't want to convert this ICULS, he (who bought at RM 0.75 per ICULS) will enjoy 3/750= 4% interest. Am I right? If it is correct, then buy in ICULS now is also not bad idea.

Posted by SincereStock > 2019-04-24 09:28 | Report Abuse

@nepo basically what you say is right, but you need to calculate the interest gains vs price different of RM0.01 (Rm0.15 - RM0.14) precisely

@musang we get your point already>> don't fall to con artist

but can we also discuss this stock with valid points?

Posted by SincereStock > 2019-04-24 09:42 | Report Abuse

Instead of believing in a random guy that you don't know.(becareful of con artist!) I advise serious investors to come visit the mall by yourself.

Posted by calvintaneng > 2019-04-24 09:51 |

Post removed.Why?

Posted by SincereStock > 2019-04-24 10:58 | Report Abuse

the amount of tourists or malls patrons is just to ensure full tenancy of the mall and it's parking lots (which currently has already very well achieved). there is no need to overload the mall with billion of patrons.

@calvintaneng u exaggerated too much

Posted by SincereStock > 2019-04-24 11:13 | Report Abuse

thb, I am kinda amazed with the immaturity level here

Posted by Nepo > 2019-04-24 11:49 | Report Abuse

Since the current market share price for the ordinary shares is below RM0.20, the main shareholders is making a loss here (hold about 64% of ICULS). Therefore, it will be a wise move to buy in as the cost of your investment is below the main shareholder (for this ICULS subcription).

Posted by Nepo > 2019-04-24 11:56 | Report Abuse

The ICULS is entitled to 3% interest rate p.a. which is roughly equal to monthly fixed interest rate but it is unsecured loan which mean the par value RM 1 pf ICULS will not be guaranteed. The question is why the main shareholder willing to loan the company and facing the risk of the ICULS value going down instead of just putting in the bank as a fixed deposit..?

Posted by Nepo > 2019-04-24 11:59 | Report Abuse

As u can see from this, maybe the main shareholder is 'loving' this co so he is willing to do so..

Posted by SincereStock > 2019-04-24 12:09 | Report Abuse

from what I see, it is simply because the company's ordinary share worth way beyond RM0.20, refer to assets the company owns, or simply the NTA.

they introduced the ICULS just so that they can subscribes more ordinary shares of the company at the price of RM0.20 (with 3% annual interest), at the same time also funding the company for future projects.

when some retailers will choose not to subscribes to the ICULS, this will lead to increase in the % stacks of major shareholders in this company (by assuming all of them will fully subscribe the ICULS)

Posted by SincereStock > 2019-04-24 12:14 | Report Abuse

further more, by pushing down the price below rm0.20, at current state, they can buy back even more shares of the company from the retailers at even cheaper price. I suppose this is what major share holders trying to do.

but by doing so, this also open up chance for cash rich 3rd party to get involves and collect significant % of the company shares. look at the recent volume traded, roughly 15% of the company shares is traded in recent weeks. who is the major buyer or buyers?

Posted by Nepo > 2019-04-24 12:18 | Report Abuse

So it is critical to buy below RM0.20. RM0.20 and below will consider to be quite safe unless the co goes liquidated (though it is quite unlikely as they have retained earning of RM 700 million and the co is profitable every quarter).

Posted by SincereStock > 2019-04-24 12:24 | Report Abuse

@Nepo indeed, if I had the money I will collect as much as possible ordinary shares of the company at below RM0.20, or even below RM0.25. I wonder why there is still no cash rich third party or company trying to take over this company at current price.

take over the company > sell the company assets > special dividend = quick money

Posted by Nepo > 2019-04-24 12:33 | Report Abuse

@SincereStock, what u say is very correct. I will load more to max this gem until it reaches RM0.20.

BTW, at first I was quite suspicious about this counter.. thank you so much for sharing the valuable info with us, same go to Calvin.

Posted by SincereStock > 2019-04-24 12:37 | Report Abuse

@Nepo welcome :-) hope everything goes well ^_^

Posted by valour > 2019-04-24 13:37 | Report Abuse

SincereStock
Likewise I will double up once I come into some fund .

Posted by valour > 2019-04-24 13:59 | Report Abuse

Oh.. rest assured I m not some pokai guy haha

Posted by nckcm > 2019-04-24 14:10 | Report Abuse

1 billion to visit ur keong kan shopping mall at sabah? U brainless ?

Posted by SincereStock > 2019-04-24 14:12 | Report Abuse

@valour yeah just invest with cash fund that is not needed for long term, and never use borrowed money, to avoid being forced to sell prematurely (which I believe is 1 of the main reasons behind the recent panic sell)

Posted by valour > 2019-04-24 14:33 | Report Abuse

Confirm deMusang is one of the operator he got so emotionally to my comment haha

Posted by rocket > 2019-04-24 14:34 | Report Abuse

https://www.facebook.com/255057814552667/posts/2598702813521477/

Posted by rocket > 2019-04-24 14:42 | Report Abuse

地是在拉务，这个是汝來哦。别搞错了。

Posted by 镠公公 > 2019-04-24 14:44 | Report Abuse

来了

Posted by SincereStock > 2019-04-24 15:14 | Report Abuse

@musang passingby saja ka? macam lama sudah saya nampak kamu di sini, x tahu ke berapa kali sudah kamu mention "don't fall to con artist" hehe ^_^

Posted by Nepo > 2019-04-24 15:44 | Report Abuse

@rocket<<地是在拉务(Labu)，这个是汝來哦(Nilai)。别搞错了>>
Actually the distance between Labu and Nilai is 9.80KM (google map), not far away.

If there is a railway station, sure it will affect the land price in the surrounding.

Posted by Nepo > 2019-04-24 15:47 | Report Abuse

For 9.8km distance, if you take Grab to the station, I think It cost around RM 10 and take about 10 mins to drive.

Posted by CatchThe Bull > 2019-04-24 15:49 | Report Abuse

No point talking so much, let's the latest price and volume do the talking :)

Posted by Nepo > 2019-04-24 15:52 | Report Abuse

From Kajang to Bangi, the distance is 9.1km, if MKH is benefited from ECRL(a station at Bangi), then I would say Labu is also benefited if it has a station at Nilai.

Posted by 镠公公 > 2019-04-24 15:52 | Report Abuse

Big announcement soon!!

Posted by valour > 2019-04-24 16:11 | Report Abuse

Name already The Fox King . Maybe u need to add " Old " to it .

Posted by ivan9511 > 2019-04-24 17:02 | Report Abuse

Maybe asiapac boss sudah malu want to give 15 to 20sen special dividend to us for compensation so many years escape the dividend responsibility?

Posted by CatchThe Bull > 2019-04-24 17:05 | Report Abuse

What will be the M&A or privatisation target price for AsianPac? next Catalyst for price upward movement :)

https://www.edgeprop.my/content/low-prices-make-property-stocks-prime-ma-targets

Posted by Daniel Chow > 2019-04-24 17:10 | Report Abuse

Thank you Calvin. I finally make money from this counter. Bought at 13.5 sen and now 15 sen.

Posted by ivan9511 > 2019-04-24 17:43 | Report Abuse

Calvin not here anymore. Maybe
Maybe profit taken second time
Or maybe go to oil cst or t7global destini velio
I guess only la
Calvin clever fast in fast out

Posted by calvintaneng > 2019-04-24 21:01 | Report Abuse

Daniel Chow Thank you Calvin. I finally make money from this counter. Bought at 13.5 sen and now 15 sen.
24/04/2019 5:10 PM

CALVIN ALREADY SAID THOSE WHO DARE TO BUY ASIAPAC AT 13.5 SEN HAVE EMOTIONAL INTELLIGENCE

CLAP

CLAP!!

CLAP!!!

CALVIN STILL WAITING TO SEE 30 SEN OR 100% UPSIDE!!

Posted by singh1 > 2019-04-24 22:43 | Report Abuse

A suggestion to bring ECRL to Nilai. Hope it works out. Just next door to LABU !!!!

http://www.bernama.com/en/news.php?id=1719902

Posted by sooaria > 2019-04-25 11:14 | Report Abuse

Calvin, Asiapac still can enter or not, Appreciate your advice and comment
As the price today is still RM0.14 , still cheap

Posted by ochai > 2019-04-25 11:38 | Report Abuse

accumulate more @ 0.145

Posted by ochai > 2019-04-25 11:41 | Report Abuse

huat arh leng arh ong arh.. come2 to nilai...

Posted by rocket > 2019-04-25 18:49 | Report Abuse

Haha haha.... Let See

Posted by Foker > 2019-04-25 19:18 | Report Abuse

What does asiapac got to do with ecrl?

Posted by singh1 > 2019-04-25 20:59 | Report Abuse

Asiapac has big piece of land in Labu. Next door to Nilai.

Posted by rocket > 2019-04-25 21:18 | Report Abuse

Anyone here went to Labu before ?

Posted by singh1 > 2019-04-25 21:30 | Report Abuse

Last year had teh tarik there at batu 8 labu. Mostly palm oil plantation.

Posted by newbie4444 > 2019-04-25 21:30 | Report Abuse

Not in Negeri? Asiapac lands not in Sabah?

Posted by singh1 > 2019-04-25 21:33 | Report Abuse

Just pass through only so i don't really know much. If you see on google maps the position of Labu is beautiful, sandwiched between klia, nilai and seremban. Development surely coming. Airbus doing feasibility study, if kaotim the area gonna boom kao kao lah.

Posted by ochai > 2019-04-25 21:36 | Report Abuse

air force sg besi (now bandar malaysia) shifted nearby sendayan next to labu...

Posted by singh1 > 2019-04-26 02:32 | Report Abuse

yes, also close by. HSR when approved will have station in Labu as well. Very good future.

Posted by SincereStock > 2019-04-26 09:33 | Report Abuse

@newbie4444 asiapac is big company, they have more than 1 lands / assets. they own Imago mall (sabah's top1 mall) and a land in Labu

Posted by rocket > 2019-04-26 11:56 | Report Abuse

Yaya.... Big company with pennny price :)