Most of the directors sold at 22-23.5 c when they bought at 16c ...chances r that the max shall b 23.5 c but the downside may drop to 14.5c .. even if u r holding for long, the % increase is limited. Better go n punt some other potential counters than this one.
On behalf of the Board of Directors of Asian Pac (“Board”), Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) wishes to announce that as at the closing of the acceptance, excess application and payment for the Rights Issue of ICULS with Warrants at 5.00 p.m. on 17 May 2017, the total valid acceptances and excess applications received for the ICULS were RM105,519,760 ICULS, representing an oversubscription of RM6,263,299 ICULS or approximately 6.31% over the total of up to RM99,256,461 ICULS available for subscription under the Rights Issue of ICULS with Warrants.
Kindly be advised that ASIAPAC's 99,256,461 ICULS and 198,512,922 Warrants issued pursuant to the Rights Issue of ICULS with Warrants will be admitted to the Official List of Bursa Malaysia Securities Berhad (“Bursa Securities”) and the listing of and quotation for the ICULS and Warrants on the Main Market of Bursa Securities, will be granted with effect from 9.00 a.m., Wednesday, 31 May 2017.
@runnn 1. what is your comment on this stock in LR? 2. what are the causes of the hike EPS in year 2015? 3. how do you see the other projects of asian pac (damansara 8 in PJ, the Zil in kota kinabalu), or future projects?
property stocks not in the trend right now. Buy according to market sentiments, not because of facts or rumors. Just my 2 cents based on analysis on penny stocks.
After the successful rights issue, personally think this comp is going to have bright earning prospect. 1. Property dev - Fortune Centra Kepong GDV 326mil and 80% sold during soft launch 2. Imago Mall - already a top mall in KK. This comp really did a great job in managing the mall. Not an easy task being in current weak retail sentiment and mall oversupply. Rental should become better with higher occupancy rate. 3. Carpark - just revised Imago mall parking rate from RM2 to RM3 per entry
like Jack ma commented , property market in future will be like selling onions ? He see no future for properties n housing ....hope this is not true...
when couple not intend to have babies or opt for single child , there is definitely no point in having so many houses and condo built . The question boils down to supply and demand . More supply but no demand will be the doom's day for property counters . Golden eggs no more for property in times to come....hope not happening soon! Even today , the demand is in the affordable housing but developers are engrossed in building expensive condo n bungalows forget totally the supply and demand in basic economy course. This will spell the doom's day of housing...
can forget about property counter ....esp in Johor that the surplus in housing is more than 50% ! So basically in 5 yrs , do not need to build any housing...it means to say that the property will be stand still.
Resolution 6 To give authority to the Board to issue shares not more than 10% of the total issued capital of the Company pursuant to Sections 75 and 76 of the Companies Act
SEEM THE BOSS NOT GIVE UP OF THINKING ABOUT WANT RIGHT ISSUE AGAIN RIGHT JUST RI AT 1.00 RINNGIT WHAT THE HELL STILL GOT THIS RESO 6 ANY PROFESSIONAL OPINIONS ?
AsianPac owned a jewel property in Kota Kinabalu known as Imago with near full occupancy carpark business plus other ongoing property developments in Klang Valley and Sabah. Profitable for the past many quarters.
Share price now 18 sen is undervalued against current NTA of 90 sen makes it potential target.
waiting to rebound soon.. wait and see. run it you're afraid. stay if you want to win big! choice is yours. I choose to win big. good luck those who still have faith in this counter.
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....
leslieroycarter
5,777 posts
Posted by leslieroycarter > 2017-05-23 16:24 | Report Abuse
Most of the directors sold at 22-23.5 c when they bought at 16c ...chances r that the max shall b 23.5 c but the downside may drop to 14.5c .. even if u r holding for long, the % increase is limited. Better go n punt some other potential counters than this one.