Up -Down how come you said they fooling investor you know how claver Asiapac management as first is pieces of empty land they use it to build shopping and condo you know condo profit is all most can cover shopping mall building cost ):-
PE is 0.66 if based only on the current quarter earnings. But bear in mind that the current qtr earnings is mainly due to revaluation of their property investments.
bullrun18. Asiapac Turnover of property development division slumped by 28% and suffered a loss of 3.5 million as compare to profit 12 million in last year. I thought its property development profit supposed to reduce to lower level rather than back to the red. This time is really out of my expectation.
As for the revaluation of Imago Mall, it would apparently trim down Asiapac's gearing level from 45% to 36%. Creative!
No worry rental will flow in we can see hunza properties earning improve quarter by quarter all becos they have shopping mall rental come in Asiapac will be the same beside that damansara 8 launch next quarter , kepong B3 launch year end all this project also can flow in money and still have few hundred millions unbills sale ):-
bullrun 18 sifu, I guess, the losses of the propertyy division may be due to year end adjustment.. Further hor, I noticed that there is no mentioning of completion of KK Time Square Condo. The last portion of profit to be recognised is pending issuance of CF, That mean not much cost to be incurred alrready, But dunno whether Asianpac can ask for last progress payment or not without CF. Can teach me arr?
Revaluation a piece of empty land and an A class shopping mall are difference. land doesn't generate income unless u develop it. Mall is generating income property.
FYEMar15...Revenue: 230.312m & NP: 377.279m...NP higher than Revenue !!!...PE now too low, unbelievable...Can't be typo error...Could haves old some assets to realize this astronomic gains...
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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....
samsoongyc
732 posts
Posted by samsoongyc > 2015-05-28 19:48 | Report Abuse
bullrun18
High 5 bro .