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!!!
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...
Interesting..........Asiapac is disposing a parcel of leasehold land for 26mil. Wondering how much is the book value. Disclosed in their annual report.
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).
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!!!
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...
@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
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
I'm following mall facebook. Didn't see much activity in the mall oval concourse recently. Not sure is management trying to save cost or what. Afraid it might not able to draw in crowd if no activity.
@Sean08 activities / event has been consistent, just a few down time in between of course. halloween and deepavali also got event. anyway it is the main shopping mall in Sabah. no better (more luxurious) place Sabahan can go shopping. as a part time grab driver myself. I can assure you the shopping mall is still very popular place to go and jem all the peak time
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....
SincereStock
2,405 posts
Posted by SincereStock > 2024-07-12 16:18 | Report Abuse
@nemesis oic, good to know, didn't know much about it's property sector, thank you for the info