ASIAN PAC HOLDINGS BHD

KLSE (MYR): ASIAPAC (4057)

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Last Price

0.095

Today's Change

0.00 (0.00%)

Day's Change

0.09 - 0.095

Trading Volume

428,700

Profile
ASIAN PAC HOLDINGS BHD

Exchange:  Bursa Malaysia Bursa Malaysia

Country Code:  MY MY

Currency:  MYR MYR

Sector:  PROPERTY PROPERTY

Subsector:  PROPERTY PROPERTY

Index Group:  PROPERTY PROPERTY

Category:  ORDINARY SHARE ORDINARY SHARE

Syariah Flag:  Yes Yes

Short Sell Flag:  No No

IDSS Flag:  No No

Description

Asian Pac Holdings Bhd through its subsidiaries is engaged in property investment, property development activities & car park operations in Malaysia. It is also engaged in leasing and operation of the mall. Geographically all the activities are functioned through the region of Malaysia. The company derives the majority of revenue from property development segment which is engaged in the development of residential and commercial properties. The company holds an interest in a project such as Kota Kinabalu, Sabah; Kepong, Kuala Lumpur; Larkin, Johor Bahru; Kepong, Kuala Lumpur and others.

Address
Discussions
20 people like this. Showing 50 of 10,060 comments

SincereStock

@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.

2024-07-09 12:18

SincereStock

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

2024-07-09 12:24

Sean08

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.

2024-07-09 12:28

SincereStock

@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

2024-07-09 12:33

SincereStock

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

2024-07-09 12:37

SincereStock

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

2024-07-09 12:45

Sean08

Menara SMI at Lorong P. Ramlee is undervalue. SMI also have investment in New Zealand and is getting yearly dividend.

2024-07-09 22:10

SincereStock

@nemesis 2022 articles?

2024-07-10 09:53

nemesis

Yes...it means that Surya PJ south will contribute positively for its coming quarters from its property division besides Imago Mall

2024-07-12 02:13

SincereStock

@nemesis oic, good to know, didn't know much about it's property sector, thank you for the info

2024-07-12 16:18

SincereStock

cut queue top up a little more ASIAPAC at 0.110 (22 july 2024, 5.00pm t-price)

2024-07-22 16:53

nemesis

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!!!

2024-07-22 20:45

SincereStock

@nemesis well said ^_^

2024-07-22 22:27

stncws

15/9 AGM fire the BOD kaw kaw until pants drop.

2024-07-23 11:20

nemesis

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...

2024-07-23 17:09

SincereStock

topped up a few more ASIAPAC at 0.110 (29 july 2024)

2024-07-29 16:54

SincereStock

topped up a few more ASIAPAC at 0.100 (3.54pm, 05 august 2024)

2024-08-05 15:54

SincereStock

https://news.seehua.com/post/1197291

good news for ASIAPAC's imago mall

2024-08-10 16:08

Sean08

Interesting..........Asiapac is disposing a parcel of leasehold land for 26mil. Wondering how much is the book value. Disclosed in their annual report.

2024-08-12 21:09

stncws

This coming month end QR see got dispose or not ..

2024-08-13 11:29

Sean08

The leasehold land is in Selangor. Most likely is Kundang landbank. Sorry the land is valued at 26mil and is not being disposed at 26mil.

2024-08-13 12:56

SincereStock

perhaps good for one off profit & clearing some debts?

2024-08-13 13:37

apple4ver

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).

2024-08-18 01:00

stncws

boss hold 19,548,750+4,730,900 share in SMI. @45c... offer price take over

2024-08-20 22:58

stncws

Next target...asiapac @ 50c

2024-08-20 23:12

SincereStock

sold a few ASIAPAC at 0.11 & 0.12 to lock profit (21 august 2024)

2024-08-21 11:15

nemesis

I m sure they might be a new charting to Asiapac business soon...

2024-08-21 13:24

SincereStock

still got a lot asiapac left, asiapac is currently my main holding made up of near 40% of my total capital

2024-08-21 13:26

SincereStock

just trade a few in between in case non stop flip flopping only

2024-08-21 13:27

nemesis

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!!!

2024-08-21 13:44

nemesis

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...

2024-08-21 13:48

SincereStock

@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

2024-08-21 13:52

stncws

Good closing.12c..see tommorrow..dow jones up 450

2024-08-25 11:35

SincereStock

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

2 months ago

stncws

maybe they also want to take over asianpac , how much ? 30c 50c

2 months ago

Healer93

Up Q3

2 months ago

Healer93

Standby next week

2 months ago

stncws

Something brewing.. always 1 2 millions transaction.. Smi guy slowly buying...

2 months ago

SincereStock

topped up quite significant stakes of ASIAPAC at 0.105 with cash just unlocked from POHKONG profit taking. (25 september 2024, 9.02am)

2 months ago

kasinathan

Unbelievable, still can find such good valuation property company from bursa.

2 months ago

kasinathan

Hope this company could hit the year high at 13 cents anytime from tiday

2 months ago

kasinathan

The valuation of Johor Larkin property has almost cover the current market cap at Rm157million. Unbelievable

2 months ago

SincereStock

@kasinathan indeed, well said

2 months ago

SincereStock

topped up a few ASIAPAC at 0.095 (01 november 2024, morning session)

3 weeks ago

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