Asiapac operator not easy to go privatization. He think that he can do RM 0.30 privatization ? Nope, Till now he himself and his wife collectively only hold about 36%( including Iculs)
Me buy at 16.5sen now trap But the results is perfect. Ksl only half of asiapc epf. Asiapac eraning power is super good than Ksl and Mahsing But why share only nta more than 1 ringgit terrible horror happened in Bursa Malaysia. Can bursa check them . Report fake kah ? Want cut loss also cannot because company keep improving money keep growing yoy qoq. How to cut loss. Somemore parking business cash money mean cash rich company? Should give us special dividend 30sen or 40sen for compensation. Asiapac 's Boss can tell us what do you want from us . Private this cash rich cow ?
I think nckcm has a point. Asianpac spent so much money on Imago etc but yet overall still operating at loss.
I think at least on the surface Imago still a fantastic mall. Its not like any other place in Malaysia you got so many tourists to give an extra push. But yet can't make good money, that's puzzled me.
For 1b investment, the yield should be at least 5%. Say Imago plus carpark is making 25m a year, then your yield is only 2.5%. For sure you lose your underwear doing property investment this way.
I understand that the carpark opposite Imago (Times Square) is charging RM15 per parking (highest i ever heard off), good move Asian Pac. But I noted the basement carpark of Times Square is pretty much empty. (Note that both belongs to Asian Pac)
For some unknown reason, Asianpac still need some time.
A shopping mall cant keep your income for long, especially with debt of 300m plus. While other operations not doing good. A mall can eventually go into default
Every business has a risk, same to buying share. But there are different kinds of risks and these can be differentiated into high risk, low risk, seasonal risks and etc.
Normally, mall renting can be considered as low risk (this is correlated to the company low growth rate) as population in developing countries tend to increase due to high birth rate, unless there is a serious economy downturn or better malls coming up.
deMusangking Honestly...10yrs from now whether u still alive to comment or not . We r not immortal lah . Btw the IOI big boss just passed away my condolence a humble man
Really...IOI big boss was humble when he came to my father shop to buy black label whiskey n chat with my dad for a while when his office was at Newtown PJ . Just 2 shophses then if I remember . I was young then... haha
revenue keep dropping , liability keep increasing, without land revaluation, this counter may not able to continue get loan from finance institutes. if not mistaken when they did the same way back in 2015, the price was at 0.40.
Hi sincerestock I also live in sabah. However why you and me see different thing?
You don't notice there are too many shopping mall in KK?
You don't notice Grand merdeka empty, suria mall empty, Oceanus empty, Imago mall upstairs area empty since opening until today? Kk times square empty. Empty shoplots everywhere.
The NTA "value" from Bank is always there. Valuation is all based on last done price. What is last done price? Is based on asiapac subsidiary and proxy company buying and boosting up value for last sold unit.
But all is fake value. You go ask kk times square next to Imago shoplot how much is rental for ground floor unit? Now ground floor rm3000 per month also empty.
Yes Calvin, sgd1000 rental also empty. How many shoplots in ground floor shopping mall renting at sgd1000, but still empty. In prime CBD area? This is called understanding your business. Not just from financial report.
Asiapac NTA definitely high( units can sell?), but take a look at the annual report. Notice how high their borrowings are? Ask yourself unsold units, is it easy to sell without taking a loss in overall valuation? If last done price is low, entire market will crater, hard to sell other units at high price. No one will buy. That's why forever empty...
Why not consider other wonderful Sabah companies which making tons of money have over foot with big monopoly...
SOGT, SAMUR all owned by PCHEM. Net profit 20%+, zero debt, growing dividend year after year. Demand for fertilizer in Sabah growing by leaps and bounds. Monopoly in many crucial chemicals...
Hap Seng? Wonderful company... Nothing more to describe.
Hibiscus? Also Sabah company with good future ( ex shell sabah).
I won't say the obvious one in sepanggar next to rasaria( grow from 1 warehouse to 12 in 4 years) lest Calvin say I promoting... But best run company in Sabah.
Many wonderful companies that have near monopoly in Sabah, no one know... But you see them and use them every day.
Only people like Calvin who don't live in Malaysia buy developer companies. He thinks they have many assets. All I see are debts and liabilities.
Very simple sincerestock, I'm sure you have friends who work with developers and property agents. Just ask them, how easy has sales been last few years? How long have those units been empty with no buyer but every month have to pay interest? How much bonus are developers paying their staff every year? How many new development projects being launched in Sabah every year? Can manage?
For asiapac, I don't have to tell you Imago operating for long time, but until today still not making money. Ask to compare with returns from Shanghai Imago and compare the returns? Then you will understand the small population in Sabah ( with usable income) is not equipped to handle the huge development projects being built. Plus Imago was built on a huge loan, still only barely paying off interest... Not even touch capital.
When one Borneo can't pay bills and almost dying, wisma merdeka also doing, Grand merdeka already dead... And still got 5 new shopping going to be built in KK( one likas, shopping mall in lintas next to polyclinic, Pacific city, ecocity, aeropod phase3-5,) do you really want to invest in asiapac long term?
wew...hari raya...shopping happy happy so meriah got event singing some more.. first time look at imago mall so meriah...maybe Mr Philip went that time dont have season and event...
Very funny this i3investor forum as we see those who didn't buy or hold any shares here are the ones who make the most noise hoping that this counter will masuk longkang, to them I say fat hope, carry on dreaming till year 2028, hahaha
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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....
nckcm
2,726 posts
Posted by nckcm > 2019-05-29 16:10 | Report Abuse
U ask banker and sincere stock lo.. banker33 stuck at bimb-wa lol