@Sean08 yes some of the profit comes from revaluation of imago mall, but the mall definitely has the value for being the MAIN mall in Sabah. plus, the mall operations profits are improving despite not as magnificent as the total current EPS
Current price of 0.12 is valuing asiapac at around 180mil. Mall itself is already worth more than 1billion and generating at least 75million yearly revenue (rental plus carpark). But somehow this counter is overlooked by investor.
I believe AsiaPac will rebound strongly financially in coming quarters...At 0.12 it is trading at a huge discount to its NTA of 0.735...Imago Mall is Asiapac's most valuable asset...Reiterate BUY!
Imago Mall alone is worth at least 1.2 billion...Surya PJ South should position AsiaPac to greater height in the future as it is located in prime location in Taman Medan...Imago Mall is set the be the major catalyst to propel AsiaPac higher due to the high arrival of foreign tourists to Kota Kinabalu...
hot money in bursa, ..SMI sub shareholder may look asiapac.. .some very value gem is IMAGO... once revalue , share price will follow., its time to take opportunity
recent uptrend is more likely due to QR play / SMI play. if so, there are only that much it can rise after long term stagnant at 0.100 to 0.105.
if there are further uptrend to like near RM0.200 or above, it may be indications of probable coorporate action. may it be privatization if it is a good one
@stncws won't know before it happen, those I cut queue sold at 0.12 yesterday morning only 2.5%. previously cut queue topped up 5% at 0.110 (01 july). just minor profit locking play before reaching my reasonable TP of iculs / ipo price of 0.200. ultimate TP even beyond that and yet to set considering NTA is above 0.700
btw, don't get too confortable with the support queueing, this stock is stil highly manipulated, we don't know when the bos finish collecting and want to fully unlock value
@stncws how to trade RM0.118 at the market? if you mean average cost, how do you calculate that? how you know who are the buyers & sellers behind all the transactions?
even if you are right, 5m is just 5/1488 = 0.3% of the total shares here. doesn't signify they have collected enough. just point out facts, despite I hope you are right and this counter fly high next week
the buyer can also be 3rd party retailers / institution investors with huge capital that are interested with the company at current low price. too many possibilities to be conclusive or get prematurely hyped before actual rally happening
yes related, having stakes in each other, but the their respective big boss (biggest shareholder) is not the same person. asiapac's big boss is mah. smi is having internal affair now to decide who are the big boss, but unlikely to be mah because his stakes there as far as i know is not close to be the biggest shareholder
asiapac most investment losses / gains are mainly due to price changes (quarterly) in smi if I am not mistaken, because it is it's main external investment besides own businesses of imago mall & property development
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