Posted by brandon99 > 1 month ago | Report Abuse

Not too bad either. Slow recovery. The revenue tells the story. Those, other than revenue, are about efficiency of the management,

Posted by firehawk > 1 month ago | Report Abuse

Fair value loss of RM8.0 million was recognised post acquisition of Queensbay Mall as the capitalised investment property and incidental costs exceeded the independent external valuation of RM1 billion. The fair value loss represents the write-off on a portion of incidental costs incurred.

Finance costs for 1Q 2023 of RM14.0 million was higher than 1Q 2022 as the Group’s borrowings have increased by RM763.3 million to part finance the acquisition of Queensbay Mall. Additionally, floating rate borrowings were subjected to higher interest costs after several Overnight Policy Rate hikes totalling 100 basis points over the past one year. The average cost of debt was 3.58% p.a. for this quarter against 1Q 2022’s 3.06% p.a.

Overall, distributable income to Unitholders for 1Q 2023 was RM19.8 million, a slight decline of RM0.6 million or 3.1% compared to 1Q 2022 due to the abovementioned factors.

Posted by speakup > 1 month ago | Report Abuse

how come NTA drop year after year, from 1.28 in year 2016 to only 0.97 now???

Posted by miniminer > 1 month ago | Report Abuse

8 million additional cost is a sign of a bad management.
Discount the 8million, the good site is that total profit is seen sustainable at about 1 cent profit for this Q.
The hidden good news is that QBM is really a good buy, 11 days contribute to about 2.9 million in which a full Q can simply lead to additional 20M profits.
In short, next Q profits probably can hit 1.5-2 cents per share, already a total recovered CMLT, congratulation to who got the lowest price !!!

Posted by donald770 > 1 month ago | Report Abuse

Minimizer, u r able to pick up important points that matter. I can't find the important point about OBM. Thanks.

Posted by brandon99 > 1 month ago | Report Abuse

Penang people should know the biz and crowd in QBM is better than Gurney. But profitability wise, it is still a question mark. Eventually, the profit from QBM will not be bad by just looking at the insane crowd and parking occupation rate everyday.

Posted by fortunefire > 1 month ago | Report Abuse

buy more before it moves up

Posted by Goodprofit > 1 month ago | Report Abuse

QBM is better than Gurney that's for sure

Posted by speakup > 4 weeks ago | Report Abuse

1 very good asset, 2 bad assets. Rest so so

Posted by Up_down > 3 weeks ago | Report Abuse

A leading indicator ,US PPI index, is trending downward or dropped from the peak 11.3% in 12 months ago against reported 2.3% for Apr 23. It shows that CPI is under control after Fed hiking interest rates steeply. Expect Fed to announce cutting interest rate in the year end.

Posted by fortunefire > 3 weeks ago | Report Abuse

testing 0.50

Posted by brandon99 > 1 day ago | Report Abuse

Hope new director more efficient. The management cost is crucial to share price. Most likely the former tradition will keep going.