Posted by Tommylim > 2014-03-26 20:50 | Report Abuse

I think Imago Mall will start operation latest 3rd quarter of this year if construction fully done by May. Looking at it, its not impossible to think so, Basically what Barry, my associate in Sabah informed me is that Imago Mall only doing fabrication on external and internal wiring. Only the condo Loft still on major completion works. Thank you.

Posted by tonylim > 2014-03-26 21:24 | Report Abuse

Bro Icon. All investigators are nuts. You hv also gone nuts. How many prop counters in your basket now.

Posted by Icon8888 > Mar 26, 2014 07:53 PM | Report Abuse
thanks tommy, but i dont think i am going to email her... she will think that i am a nut case.. never mind, let me see where else can i korek

Posted by fortunebullz > 2014-03-26 21:28 | Report Abuse

Don't read too much on todays movement! Treat is as technical rebound! Tomorrow will be important! Must close above 0.21!

Posted by nofear > 2014-03-26 21:29 | Report Abuse

@Icon8888 >
Up coming projects at http://www.asianpac.com.my/
KK-Times Square: http://www.asianpac.com.my/kkts/the-mall-location.php

Recent Timeline:
2014

- http://propertyhunter.com.my/v1/news.php?id=301
KK Times Square Imago Mall Inks Key International Brand Names

http://www.dailyexpress.com.my/news.cfm?NewsID=87509
-With the bridge linking to the Kota Kinabalu waterfront / Wawasan Plaza precinct completed as promised two years ago by Asian Pac Holdings Berhad (in an article in the Daily Express) the developer of KK Times Square and the Loft with Imago Mall being the city's most happening spot will be better connected for its second quarter 2014 opening with a record numbers of renowned brands, some which have never set up shop in Sabah.


2013
31st Dec
- http://www.themalaysianinsider.com/print/business/asian-pac-expects-25-revenue-contribution-from-lifestyle-luxury-mall-by-201

300 retail outlets across a net leasable area of approximately 800,000 square feet, is scheduled for completion in the fourth quarter of next year (2014)

He said the group expects rental yields of 5% annually.

- http://my.news.yahoo.com/asian-pac-sees-rm70m-imago-155505539.html (business times)

http://my.news.yahoo.com/asian-pac-sees-rm70m-imago-155505539.html
"The Kota Kinabalu International Airport is the second busiest airport in Malaysia with roughly three million tourists a year. Most of them are from South Korea, Japan, Taiwan and Hong Kong and so there is good catchment for Imago," he said.

Asian Pac Holdings Bhd expects Imago Mall, its new retail venture in Sabah, to contribute up to RM70 million, or more than 25 per cent, to its yearly revenue from 2016.
Syarikat Kapasi Sdn Bhd, a unit of Asian Pac, is developing KK Times Square Phase 2 in Kota Kinabalu. The project comprises the 800,000-square feet Imago, signature offices and 631 luxury apartment units.

Asian Pac chairman Tan Sri Megat Najmuddin Megat Khas said Imago, which has 300 retail lots, is expected to rake in between RM60 million and RM70 million per year in the first few years of operation.

For the year ended March 31 2013, Asian Pac reported a net profit of RM17.63 million on RM103.24 million revenue.

The bulk of the net profit and revenue was from property developments in Kepong, Johor Baru and Kota Kinabalu.

Retailers such as Parkson Corp Sdn Bhd, DNP Clothing Sdn Bhd, Bonia Group, AEON Fantasy (Malaysia) Sdn Bhd and Valiram Group have agreed to set up shop at Imago, selling local and international brands.

Posted by nofear > 2014-03-26 21:29 | Report Abuse

20th Dec-http://www.dailyexpress.com.my/news.cfm?NewsID=87509
Chairman Najmuddin promised top-notch security services for the safety and health of patrons with top of the range CCTV surveillance and 2,500 car parking lots available for Imago Mall which is located in a strong affluent zone catchment area with projected annual retail spend potential of RM1.38 billion, and more from some three million tourists visiting Sabah each year.

18th Dec-
Asian Pac Holdings Bhd has pre-leased 65% of the 800,000 sq ft of net retail space in its lifestyle luxury Imago Mall in Kota Kinabalu (KK), Sabah.

Its management said the mall is scheduled for completion in the fourth quarter of 2014, and has attracted both international and local labels, some of which are making their entry into the KK market.

The brands that will be making their maiden presence in the Sabah capital, through Imago Mall, include Aeon Fantasy, Sembonia, MBO Cinemas, Charles & Keith, Victoria’s Secret, Dorothy Perkins, Miss Selfridge and Topshop.


Early 2013 - http://www.theedgemalaysia.com/highlights/230256-kk-project-income-boost-for-asian-pac.html

Megat Najmuddin said Petronas would be spending RM45 billion in the next 10 years in Sabah, while the government would also spend billions in upgrading the infrastructure in the State.
With the money and investment into Sabah by the government, Petronas and international companies, Megat Najmuddin said it was his hope that Sabah would boom in the next 10 years.

The eight-acre of KK Times Square Phase I comprises shop offices, the 15 acres of Phase II will include shopping, food and beverage, leisure and entertainment centre, exterior shops, and five blocks of serviced residences.

The five blocks of serviced residences, namely Loft A, B, C, D and E, will house 631 units in total.
Loft C, with its spectacular sea view, offers various types of designs from 1+1 bedrooms to 4+1 bedrooms, ranging from 704 square feet to 4,171 square feet.

With an average selling price of RM983 per square foot, the price of Loft C units ranges from RM754,000 to RM2,818,000.

*** Bridge linking KK times square # completed
http://www.theborneopost.com/2012/06/23/kk-times-square-bridge-road-link-to-ease-city-congestion/

The city will have a new bridge that will link KK Times Square and the Riverson development with the future bus terminal.

The bridge, costing more than RM20 million, will feature three lanes in both directions and is expected to be complet

Posted by Icon8888 > 2014-03-26 21:30 | Report Abuse

Thank you tony lim for asking this relevant question. I tried to restrain myself from having too much exposure in property counters. I took small positions in different counters. So even though you saw me having many property counters, my total exposure is not too excessive

Posted by Icon8888 > 2014-03-26 21:34 | Report Abuse

Thanks everybody !! That is awesome lot of info !!! Should be enough for me to come up with something meaningful

Posted by Icon8888 > 2014-03-26 21:36 | Report Abuse

The gearing is high, but could be related to the mall, which is backed by recurrent income. Let me study further

Posted by nofear > 2014-03-26 21:37 | Report Abuse

Pictures of the mall / floorplanning / more info (not the most updated version): http://www.asianpac.com.my/kkts/the-mall-location.php

Why KK times Square is a bigger deal than people might think it is:
1. Bridge linking to bus terminal and KK times square and KK city central.
2. Big signings and deals with major retailers
3. 5% rental yields annually
4. 300 retail outlets across a net leasable area of approximately 800,000 square feet (pre-released 65%)
5. expected to rake in between RM60 million and RM70 million per year in the first few years of operation

More candies coming up:
1. Dataran larkin (phase 2) - hint : Singaporeans!
2. Damansara 8

Posted by fortunebullz > 2014-03-26 21:46 | Report Abuse

Tommylim! Hope your news is true!

http://www.dailyexpress.com.my/news.cfm?NewsID=87509

"Imago Mall, the city's only"Category A" with more than 300 retail outlets mall is set to open by by the third quarter of 2014 in time for Christmas and New Year 2015 shopping celebrations"

Posted by Icon8888 > 2014-03-26 21:53 | Report Abuse

Ladies and gentlemen, please don't have too high expectation on my article. I usually write without too much promotional language.

The objective is to create awareness among investors and hopefully catch the attention of some analysts or fund managers who would start looking at the stock.

I think Asian Pac won't be re rated so soon. It should go up when closer to mall opening. But anyway, I am always early bird. So the timing is not exactly too early for me

Posted by Tommylim > 2014-03-26 22:40 | Report Abuse

I don't think you should be worried about the 280 millions borrowing. 200 million is low interest bond if not mistaken. And if Asiapac desperate for cashflow, they can sell Imago Malls on whole or 300 units on individual basis. Building of Imago Malls is around 500 millions, Icon8888. Thank you.

Posted by nofear > 2014-03-27 02:24 | Report Abuse

http://announcements.bursamalaysia.com/EDMS/subweb.nsf/all/E80AB794784E100348257BDB002A9CF6/$File/ASIANPAC-Page%205%20to%20ProxyForm.pdf

More info on Page 91-93.

I dont have a background in finance. So all these looks like arabic to me. Does it tally or make sense? @Icon8888

Posted by tikitaka > 2014-03-27 11:20 | Report Abuse

its just a matter time...before it flies

Posted by Icon8888 > 2014-03-27 17:16 | Report Abuse

Ok I managed to fish out more info

Article will be published tomorrow lunch time

Want lemon and herb, or super hot peri peri ?

Posted by 3gunhell > 2014-03-27 17:44 | Report Abuse

que at .195 but didnt match. too bad.

Posted by leon7 > 2014-03-27 17:45 | Report Abuse

Icon8888, keep the facts original, the analysis lemon and herb, and the promotion super hot lol

Posted by steelheart > 2014-03-27 17:46 | Report Abuse

super hot peri peri is the flavor of tomoro!!!

Posted by Icon8888 > 2014-03-27 18:13 | Report Abuse

wa ka ka ka ka

i think lemon and herbs cukup lah...

i dont want others to burn my shop if things go sour

Posted by fortunebullz > 2014-03-27 18:14 | Report Abuse

Icon8888! Why the drama! Everybody earger to know what you write! Property stocks should be hot nowadays not like in August fear!

Posted by Icon8888 > 2014-03-27 18:14 | Report Abuse

tomorrow no need to rush in to sapu

please don't do that

remember it is lemon and herbs ok ?

Posted by Icon8888 > 2014-03-27 18:14 | Report Abuse

i dont want you guys to lose money

Posted by fortunebullz > 2014-03-27 18:17 | Report Abuse

Hahahaha! So drama! But Fortunebull vs Icon8888! Fortunebull say good, Icon8888 say bad! This should be interesting! I like!

Posted by Icon8888 > 2014-03-27 18:18 | Report Abuse

fortunebullz i like your photo !!!

Posted by fortunebullz > 2014-03-27 18:19 | Report Abuse

Young girls like me in real person better! Old is gold Icon8888!

Posted by Icon8888 > 2014-03-27 18:20 | Report Abuse

no bad no bad !!!

i promosed earlier to our members here if bad, i wont publish at all

it must be either neutral or good

dont worry !!!

Posted by Icon8888 > 2014-03-27 18:22 | Report Abuse

ooh... you kinky old man... young girls like !!!

Posted by fortunebullz > 2014-03-27 18:23 | Report Abuse

Icon888! Spoil the triller! I already know Asiapac is a winner! So no Fortune vs Icon fight then! Just wait for the syndicate to push up! They are just too patient and that's bad sign to us!

Posted by Icon8888 > 2014-03-27 22:19 | Report Abuse

Article completed.

Will be published between 1130am and 12pm noon tomorrow, which according to my fengshui sinsei, is an auspicious time for this stock.

Good night everybody

Posted by wee888 > 2014-03-27 22:51 | Report Abuse

Am waiting for the thriller!!!

Posted by tjhldg > 2014-03-28 00:11 | Report Abuse

the fengshui sinsei from kaki lima 1 ?

Posted by fortunebullz > 2014-03-28 10:38 | Report Abuse

Icon8888! Its already 11.30am! Where's you report!

Posted by TaurusGal82 > 2014-03-28 10:40 | Report Abuse

fortunebullz - now 10.39am only wor

Posted by Icon8888 > 2014-03-28 10:51 | Report Abuse

standby everybody... another 40 minutes to go and the planets will be aligned..

and article will be released...

Posted by Icon8888 > 2014-03-28 10:52 | Report Abuse

deng deng deng deng deng deng (Pacific Rim background music)

Posted by fortunebullz > 2014-03-28 10:54 | Report Abuse

Taurus! I think you watch is broken!

Posted by Icon8888 > 2014-03-28 10:55 | Report Abuse

I wll do a count down when we are closed to 11.30

Posted by leon7 > 2014-03-28 11:09 | Report Abuse

This counter so quiet so far...

So everyone is waiting for the report from Icon8888? lol

It better be good!

Posted by steelheart > 2014-03-28 11:12 | Report Abuse

He mention abt hot peri peri sauce and ginger and herb. I think maybe he will write article on Nandos chicken. Hehehehe. Anyway waiting to see what is written. Asiapac boleh!!!!! Accumulate more while u still can.

Posted by Icon8888 > 2014-03-28 11:13 | Report Abuse

17 minutes to go...

Posted by fortunebullz > 2014-03-28 11:16 | Report Abuse

Icon8888! I already read your report! Lack ginger and herbs! LOL

Posted by ACELEE > 2014-03-28 11:18 | Report Abuse

I am also looking forward both Asianpac and Pjdev articles as well Icon 8888

Posted by Icon8888 > 2014-03-28 11:20 | Report Abuse

10 minutes

Posted by Icon8888 > 2014-03-28 11:25 | Report Abuse

5 minutes

Posted by fortunebullz > 2014-03-28 11:25 | Report Abuse

Take you time Icon8888! Its only 10.30am now!

Posted by steelheart > 2014-03-28 11:25 | Report Abuse

Need to add hot peri peri sauce? Or add cili padi?

Posted by Icon8888 > 2014-03-28 11:27 | Report Abuse

3 minutes

Posted by Up_down > 2014-03-28 11:28 | Report Abuse

Icon. Great to hear that you would blog on Asiapac. I added 30% before your report is out. wakaka

Posted by Icon8888 > 2014-03-28 11:29 | Report Abuse

2 minutes

Posted by Icon8888 > 2014-03-28 11:29 | Report Abuse

1 minute