Small vol of logs
Previously, it produced over 100,000m3 per mth

Persistent is very important because u don't know when it will rebound

Is Maybulk’s fleet already for IMO 2020?

I only consider to buy if it is below RM0.50 because the economy is so bad that anything can happen including testing its new low @ RM 0.40

Oops, no demand for plywood right now. Economy downturn

yes, high possibility that Imago will convert into REIT, provided, the profit generate from Imago mall can yield a satisfactory return after deducting its loan interest. Right now it has to reduce its loan (for Imago-RM 337 million-assume all the loan taken is used to finance Imago) to a manageable level.

Mall operation-revenue=RM 85.484 million
Mall Operation profit = RM 22.421 million

Loan (assume all the loan is used to finance Imago) = RM 337.149 million
Loan interest = RM 22.374 million (22.374/337.149 = 6.64%)

Therefore, the loan interest (RM 22.374 million) has eliminated almost half of the mall profit (profit after deducting the loan interest = RM 22.421)

Yes, it has high NTA and nice EPS, but u need to aware that a high proportionate of it was came from appreciation of Imago.

Once the economy is downturn or any unforeseeable circumstances, it may have a situation like devaluation of Imago which may result in losses and lower NTA.

A healthy company should have more operating income than its revaluation income.

A lot of China giant companies were ignored by the local Chinese in the past when they asked for funding as they are making losses at first. No Chinaman want to lend out money to these companies. So these CHina companies no choice, they ask for foreign funds. And these foreign funds willing to lend their money to these China co. Now these China companies become giant co and local Chinese regret .

What I want to emphasize is that failure in the past is not equal to failure in future.

Hi Philip, Asiapac share price was not performing in the past is not equal to Asiapac will not perform in future. Future is sth that one cannot predict or assume by normal persons. Who know one day it might shooting up 100% or 200%?

Asiapac previously is undertaking insurance biz, It only engage in properties in Year 200x if I'm not mistaken.

Every biz, every investment does carry risk. There is no guarantee profit. If u are afraid of losses, e.g. Imago depreciates in value or some reasons or others, then investment and biz are not your piece of cake. You are only suitable for nine-to-five job 朝九晚五的工作。U get it?

Agreed, borrow to own properties is a normal way to accumulate your wealth as real properties will appreciate in value, so Imago no only benefit from rental, but also appreciation. One year appreciate RM 40million is very good already. Assume cost of the building is RM 400 million, it appreciate by almost 10% pa.

As for borrowing to build Imago, may I know how many of you are using cash to buy your residential properties?

@valour, u are indeed very good in expressing some ideas in a implicit way, really nice bros!

Every business has a risk, same to buying share. But there are different kinds of risks and these can be differentiated into high risk, low risk, seasonal risks and etc.

Normally, mall renting can be considered as low risk (this is correlated to the company low growth rate) as population in developing countries tend to increase due to high birth rate, unless there is a serious economy downturn or better malls coming up.

Sell, unbelievably loss by over 100 million

What happen to oil price, down by more than 2%

Any hope for this company...?

This is why he keeps buying shares by using dirty trick, so u need to beware this.

Asiapac operator not easy to go privatization. He think that he can do RM 0.30 privatization ? Nope, Till now he himself and his wife collectively only hold about 36%( including Iculs)

haha, if u have time and in good mood, it is quite fun to make some jokes with Asiapac operator here.

Why u are so sure they are dreaming, are u INSIDER/OPERATOR? only insider/operator will know the future price movement.

Buy shares are like that lah, it is almost impossible to buy at the lowest price. But if it is a good counter, it will rebound. If u are afraid to lose, then just stay aside and watch, it is as simple as that. lol

The directors are selling, not a good signal..

The funny thing is that there is no big guy seem interested to initiate hostile takeover or no institutional investors seem interested to invest in this company till now..

I wish I have so much money like wongkokmun to invest...

Possible 2.70, any thing can happen, just stay aside first though I wish to buy some, I just feel that the bottom hasn't reached as I don't see any support to the price

@Jiahui Foo, u bought at RM3.08?

No support at all.. It is NOT BOTTOM. .

`Bank of America Merrill Lynch (BofAML) warns that Brent crude oil could reach $90 per barrel stemming the new IMO rules regarding shipping fuels and a weaker dollar courtesy of a de-escalation in the US/China trade war, Reuters reported on Friday.`

Hi guys, what do u think of next year IMO rules impact on Maybulk? Do all ships owned by Maybulk complIED with the above IMO rules? What is the impact of IMO rules for ship owners?

You comment is very much appreciated

A challenging year for Taann. CPO price not show improving.

@SincereStock indeed.

<<deMusangking -well... maybe holland is a nice place!!!!!
haha>>
Do u think the above sentence make sense？That is what I have mentioned that it is really wasting time to reply nonsense post。。。

These operators are really hardcore guys, the more you have explained, the more posts are replies whether they are logical or not...it is really wasting time to reply...
Let see how low of the share price can the operators push and add in some more lots for long term

The tip is PATIENCE. Do u have any experience that once u give up, not monitoring anymore。。。then it will go up slowly. If u keep monitoring it, it will indeed go in opposite direction. And don't forget, it is difficult for u to buy at the lowest price.
So, be patient. Time will come, my sincere sharing.

U guys are really persistent and patient in this counter , always monitoring this counter, if u had nothing to say just spamming, perhaps it is the characteristic of the real investor/operator that need to practiSE it very often to scare others.

Post some valid and good points but not musang durian points for sharing, instead of keeping spamming and whining the same wording repeatedly.

In stock market one investor gain is another investor loss. You guys get so many time to help others to save other people money, at the end no one said thank you to u, really worth? And the funny thing is that u don't even know the guys whom u are helping to, really LOL!

Not much MrFox, till now I only bought 30 lots @ RM 0.15 average.

Only operator/owner of Asiapac is very concerned that somebody buy big and at the cost below RM 0.20 and hold for long term because untimately he is going to convert the iculs at the cost RM 0.20. Do u think the operator is happy to see someone who hold Asiapac at the cost lower than him?

U give yourself a chance, if u fall, u only lost a little, who told u to invest all or substantial amount of fund to into shares? If the small amount of money can give u handsome return, why not? Asiapac has this potential.

Do u think I am afraid of Asiapac fall to RM 0.01,? Not, I buy shares not for marginal gain. Even if it fall into PN 17, I also don't care. Because I go for big. U GET IT?

I was just wondering why deMusangking is so concerned about holding long term for Asiapac. I hoLD Icap since it listing, never sell Icap and it was bought in Year 2007 and never regret.

Need to hoLD long term, unless there is a special news to boost up the share price..

11000 hectares of landbank in Carey island? How come the total landbank stated in the annual report is only about 20,000 acres? Which one is correct?

The company has about RM 350millions loan and 90millions Iculs with 3% interest, with its projected low profit, it is expecting that there will be no dividend payout in the following few years.

Only after the loan has been settled, Iculs and warrants have been converted to ordinary shares, then it is the time that this co share price will fly. By the time, u won't get RM 0.1x because the the cost of the Iculs conversion price is RM 0.20.(one Iculs convert to 5 ordinary shares with the cost of RM 0.20 per share)

KUALA LUMPUR (May 13): Two Malaysian stocks, AirAsia Group Bhd and Petronas Chemicals Group Bhd, are among latest additions to FTSE Russell's FTSE Value-Stocks Asean Index.

Genting Group's Singapore operations subsidiary, Genting Singapore Plc, has also been added as a constituent in the index.

In a statement today, FTSE Rusell said the changes will become effective after the close of business on Friday May 17.

Meanwhile, three Malaysian stocks have been excluded from the list, as part of the review. They are Sime Darby Property Bhd, MISC Bhd and RHB Bank Bhd.

FTSE Russell does its review on the FTSE Value-Stocks Asean Index, semi-annually.

The FTSE Value-Stocks Asean Index is made up of about 50 value stocks from five Asean countries, namely Indonesia, Malaysia, the Philippines, Thailand and Singapore.



https://www.theedgemarkets.com/article/airasia-petronas-chemicals-added-ftse-valuestocks-asean-index

Because Sime Darby Property Bhd has been excluded from FTSE Russell's FTSE Value-Stocks Asean Index

Assume EPS per quarter is RM 0.28, therefore expected PE=11.2 is quite fair enough from the operating income(Some investors including revaluation reserve to calculate EPS, for me it is not quite right) So, the share price RM 0.13 per share is OK, BUT NOT CHEAP, Unless there is special news.

Looking ahead, to increase its profit in future is the mgt primary goal. However, the property sector is stagnant now and the rental income/parking lots are quite fixed (in fact there is a risk of tenants being moving out), this counter is only suitable for long-term investment. One point need to point out is that most of the retaining earning comprising of revaluation reserve from the building/land, NOT FROM THE OPERATING INCOME.

However, if u invest in this company, it has a huge pile of fixed assets backing+fixed recurring rental income, it will be hold the share price at certain level (RM0.13) very strongly.

Thank you ivan9511

The difference between Calvin and theirs is that they are firing belated shots马後炮。In this regards, I personal feel that Calvin is ranking higher than them because he was able to comment a logical ground regarding the investment in this counter.

@ivan9511, can we hold long term for Sime Darby Property Bhd? Sorry for off topic

That is why there is a school of investment stated after u had purchased a counter, u can close one eye and keep it in the safe though u have to be alerted and read the news everyday until the day there is no reason to hold the share anymore.