@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
@nemesis hopefully, operator has been collecting for year, as long as we have been waiting, I believe the price only keep this low for operator to collect more by exhausting investors' patience, currently it is still almost half the price of iculs / ipo despite the company fundamental is now more built up with imago mall and NTA been grown to 0.73 despite bad debts. bear in mind that big boss mah subscribed the most iculs at 0.200. for that he is very well aware that the company is worth a lot more than that and in future will be traded above that whenever he wanted.
with that being said, despite trading a little back and forth in between, (had to do so in case operator still want to play and collect more at lower price flip flop), I am still keeping majority of my stakes here. 40% of my total investment capital is in this counter.
value of this counter should be 0.200 above no doubt. but also bear in mind that most queue parked at 0.110 / 0.115 are most likely the operator itself, therefore are irrevalant as support as it can just be opeator's mindgame and operator still can went back to 0.110/0.115 anytime if wanted to collect more.
in short it is still all up to operator in this highly controlled counter
Previously SMI and Asiapac are having the major shareholders. Hence you can see Asiapac is managing SMI carparks at Zenith and Kelana Square. Now seems like there is a new major shareholder in SMI.
@Sean08 things are so mess at smi. imo, smi is just a liability to asiapac, as well as it's own property development sector. only good thing in asiapac is what that made up majority portion of it's NTA and serve as the only source of consistent profit income I.E. IMAGO MALL
I would be glad if asiapac can do the same as wct, relist imago mall as reits so that mother share value can be unlock by clearing bad debts with ipo money, and also hope that existing shareholders here can get little portion of imago reits free shares. best win situation.
that way investors that not interested in asiapac's property development business can sell away mothershare at reasonable valuation and move the capital into imago mall new reits (if reasonable ipo / post ipo market price) or move into other undervalue counters
the above I said is also possible if operator has already collected as much as possible shares of the company, because since when the big boss would like to share profits with investors? most likely they want to keep most profits for themselves. only thing we can do is hold as tight as possible until that day happen and be the few survivors left that the operator cannot sweep away
Current posted quarterly fin result achieved the highest revenue of all time...All these signs are pointing to robust growth ahead from its Imago shopping mall and its property division...Next coming quarter results should be positive and strong...At current level of 0.11, Asiapac is trading at a massive discount to its entire assets...Imago Mall alone is worth at least estimated 1.2 bil...Share price only dirt cheap at 0.11... Unbelievable!!!
Surya Pj South and Mahogany Residences are expected to contribute positively to its coming quarterly result along with its Imago Mall operation which is contributed by steady arrival of tourists to KK...
Interesting..........Asiapac is disposing a parcel of leasehold land for 26mil. Wondering how much is the book value. Disclosed in their annual report.
Refer Note 14 AR2024, S&P RM26.1m, BV RM26.0m. BV was RM30.5m in 2023. It is the Kundang landbank. Total debt @31/03/2024 RM560.4m, excluding ~RM110m payable for land and subsidaries purchase (Note 17, Note 19; AR2024).
Woww u are gonna be rich soon holding big chunk of Asiapac shares...the next catalyst will be coming improving quarterly net profit driven by its its steady contribution from its property and Imago shopping mall revenues...Asiapac is turning around!!!
Share price is 0.12 but its NTA is 0.738 indicating Asiapac is deeply undervalued...if coming quarterly results are promising, then Asiapac should worth around 0.30 in fair value...
@nemesis yes agree. btw today rising is probably catalysted by potential SMI take over, if successful will give more cash to ASIAPAC to ease up it's huge debts
Mall / Carpark operations improved very well. Property is the one dragging it down again. it would be good if can let go SMI to get cash and clear the bad debts / high finance costs
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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....
stncws
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Posted by stncws > 2024-07-05 16:04 | Report Abuse
banker bought 5m @ .118 today, signify next week good time