Tadmax have subsidiaries company in Indonesia with timer and plam oil business it so funny timber and palm oil prices up but share price can't go forward. Or unless the subsidiaries is sleeping company.
Maxim will benefit from the current depressed property market as it is cash rich from disposal of the IPP Project in Pulau Indah. It will not only survive but thrive as it has the financial strength and management experience to acquire and later develop cheap good assets.
Mizumi Residences continued with its strong performance with its steady development progress and was the main contributor of the Group’s earnings for the quarter under review. Currently, the total sold and booked units totals 99.3% of the total available units. In relation to the physical progress of the project, all the three blocks D, E and F have achieved 100% completion of the tower structures. During the quarter under review, the project recorded a higher percentage completion of 10.1% vis-à -vis the preceding year corresponding quarter at 3.8%, coupled with higher sales achievement at 98.3% as at the end of the quarter under review vis-a-vis the preceding year corresponding quarter at 91.7%. The MCO has invariably delayed the earlier planned date of delivery of vacant possession sometime end of the current financial year to now towards end of the 1st quarter of the next financial year and is still well within the delivery period to end-purchasers. Residensi Metro Kepong registered a satisfactory take-up rate where the total sold and booked units totals approximately 93.3% out of total available 1,520 units.
The MCOs will have minimal effect on the overall Group earnings (on the basis that almost all the available units having been sold and/or booked coupled with the advance stage of completion) as any deferred recognition of earning will be recognized in the subsequent quarters. Further, the Group does not expect any material variation to its property development expenditures on the on-going development contracts. Meanwhile, the Group has met and is envisaged to meet all its short-term debt obligations and operating expenditures during this unprecedented period supported by the advanced stages of completion and high take-up rates of all its existing property development projects and respectable net cash inflows from the Group’s existing property development projects. On this premise, the Group is expected to have sufficient working capital and is confident to sustain its business operation despite the effects of COVID-19.
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....
Invulnerable
4 posts
Posted by Invulnerable > 2020-09-28 13:24 | Report Abuse
fly soon