Total Net Debt increased up to 507 mil indicating red flag that shouldn't be ignored...Any company that relies on heavy borrowing to sustain a business is a lousy company to begin with...the chances of failing is high and risky...
@nemesis if the debt is indeed pushing them back, I really hope that they just sell IMAGO and liquidate their business all together and distribute cash back to shareholders
imago mall true value and ultimately low PB is what make this counter a GEM, despite all the bad debts
High borrowing can eat away profits due to heavy finance cost and constant battle with costs...Companies that use right issue to pare down debts should be avoided at all time...
Mall is doing good but somehow drag down by poor performance of property development. Should ask the BOD of the poor result during AGM. Loss making even though revenue is good.
Huge plot of land being allocated for Xpark at PJ South. Some collaboration with Sunway? Is the land still belong to Asiapac? If yes, how is the rental? Wondering........
@Sean08 yes some of the profit comes from revaluation of imago mall, but the mall definitely has the value for being the MAIN mall in Sabah. plus, the mall operations profits are improving despite not as magnificent as the total current EPS
Current price of 0.12 is valuing asiapac at around 180mil. Mall itself is already worth more than 1billion and generating at least 75million yearly revenue (rental plus carpark). But somehow this counter is overlooked by investor.
I believe AsiaPac will rebound strongly financially in coming quarters...At 0.12 it is trading at a huge discount to its NTA of 0.735...Imago Mall is Asiapac's most valuable asset...Reiterate BUY!
Imago Mall alone is worth at least 1.2 billion...Surya PJ South should position AsiaPac to greater height in the future as it is located in prime location in Taman Medan...Imago Mall is set the be the major catalyst to propel AsiaPac higher due to the high arrival of foreign tourists to Kota Kinabalu...
hot money in bursa, ..SMI sub shareholder may look asiapac.. .some very value gem is IMAGO... once revalue , share price will follow., its time to take opportunity
recent uptrend is more likely due to QR play / SMI play. if so, there are only that much it can rise after long term stagnant at 0.100 to 0.105.
if there are further uptrend to like near RM0.200 or above, it may be indications of probable coorporate action. may it be privatization if it is a good one
@stncws won't know before it happen, those I cut queue sold at 0.12 yesterday morning only 2.5%. previously cut queue topped up 5% at 0.110 (01 july). just minor profit locking play before reaching my reasonable TP of iculs / ipo price of 0.200. ultimate TP even beyond that and yet to set considering NTA is above 0.700
btw, don't get too confortable with the support queueing, this stock is stil highly manipulated, we don't know when the bos finish collecting and want to fully unlock value
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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....
nemesis
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Posted by nemesis > 2024-06-04 11:20 | Report Abuse
Total Net Debt increased up to 507 mil indicating red flag that shouldn't be ignored...Any company that relies on heavy borrowing to sustain a business is a lousy company to begin with...the chances of failing is high and risky...