Lol. Good one tikitaka. Anyway hold asiapac for long term. Good job for today. You have let the whole bursa see what you are potentially capable of. You will surely be the darling stock of bursa this year!!! Asiapac boleh!!!!
Volume too big (132M = company 13.5% share), almost total 3 month volume. Take profit at 25 cent, waiting next wave to enter back. Worry trap by big shack drop very soon.
Most important thing that happened to asiapac today is breaking resistance at 0.23. After multiple misses, finally it has broken 0.23 and starting to realise it's potential. Get on the ride and let's double the share price this year!!! I believe it can be done sooner rather than later. Asiapac is certainly fundamentally strong and has an amazing revenue potential from its projects! Everyone will start to pay attention to asiapac and the price will skyrockets to unimaginable levels!!!!
Finally for most of us who have been holding for more than 2 months. However, I don't see Sepirorth, Updown, Eugene or thesteward posting their comments here. I do hold they are still holding after a long and suffering wait. I bought 100K worth of Asiapac week ago and holding another half million worth of Asiapac. I have already sold 100K at 0.24 today. Sincerely thank to all who contribute their feedbacks, and healthy discussion. Thank you.
Asian Pac targets Sabah mall completion in May Dec 18, 2013
KUALA LUMPUR: Imago, Asian Pac Holdings Bhd’s lifestyle mall in Kota Kinabalu, Sabah, which is targeted to be completed in May next year, is expected to contribute 25% to the group’s overall revenue by 2016.
Chief executive officer Raymond Yu said the revenue contribution, would be backed by an expected rental yield of 5% per year.
He said the mall was already 65% leased to some prestigious lifestyle brands that should do well-supported by RM1.4bil annual retail spend among local and foreign consumers in the area.
The mall has 300 retail outlets all leased out and managed by Asian Pac, with a net lettable area of around 800,000 sq ft. It will be the first non-strata fully-leased shopping mall in Kota Kinabalu.
“We have another six months to go, I think we should be able to fully lease the mall by the completion,” said at a press briefing on the progress of the mall here yesterday.
He added that the advantage of wholly owning and leasing the mall out “allows us to have complete control over the tenancy mix, facilities and amenities of the mall”.
“It is essentially part of our strategy to diversify into more recurring income as it will provide us with better earnings growth,” he said.
Imago is sited in Asian Pac’s 6.07ha flagship integrated development called KK Times Square.
In February, it was reported that the mall was targeted to complete end-2013.
He said Asian Pac intended to open the mall to patrons in the fourth quarter 2014.
The group has also built a bridge connecting the mall directly to the city centre, enhancing the retail space’s accessibility.
KK Times Square’s Phase 1, consisting of office blocks, has been fully sold out to local, international as well as multinational firms.
Its Phase 2, the development of The Loft serviced residences and the lifestlye mall, is ongoing. The Loft is almost fully sold, with current price transacting at a range of RM700 to RM800 per sq ft for units facing the South China Sea.
While Yu was tight-lipped about the KK Times Square gross development value (GDV), it was first reported in 2010 that the entire project GDV was estimated at between RM1.4bil and RM1.5bil.
Yu, however, said that the 631-unit serviced residential component has a GDV of RM600mil.
On Kota Kinabalu’s development as a port and commercial hub, he said there was good progress in the past five years. Comparing Kota Kinabalu with Iskandar Malaysia, chairman Tan Sri Megat Najmuddin said the latter was a greenfield venture which will take years to prove itself while Kota Kinabalu was already a city with its own attractions.
Danny, I bought 100K worth of Asiapac during low week ago and initially for contra purpose. I am still holding my initially half million worth of shares. Its prudent to let go small potion. Thank you.
tommylim, you should believe in Asiapac, you should hold tight tight until it doubles to 40 cents end of the year! you are rich man, why need to withdraw your profits so early? LoL...
Steelheart, I also bought other shares which are not doing well like Alam, Bimb-wa etc. I am levelling my other paper losses. However, you are correct that I am holding paper profit of 100K in Asiapac. Thank you.
Tommylim, you got the financial capabilities ma...why need to worry about those shares? you got holding power so just let it work itself up, it will surely go up in future...you only worry if you are the trader type who wants to earn money every day or week...
Eric, actually you should really go read the forums yourself. Got a lot of good info about Asiapac's potential. Even masters like ooi teik bee is giving their support to asiapac. If you can hold at least till end of the year I believe you will be rewarded with a huge return. My TP is at least Rm0.40 this year. Asiapac boleh!!!!!!!!!!!
What price to enter is up to your discretion. The lower the better of course. The resistance was Rm0.23. A lot of people bought around RM0.18 to Rm0.22 range prior to this price spike. So you see la for yourself what price you want to consider entering.
eric I think is uptrend tomorrow la. But even if no uptrend, long term is still uptrend la. No need to wait too long d now that resistance is broken. Oh the sweet smell of victory, breaking through RM0.23!!! Asiapac boleh!!!!!!!
Tommylim, I top up another 30% since Icon8888 churned out the article about Asiapac. Asiapac alone is my biggest investment now. I am still sitting tight to wait for it to move up further. Cheers.
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....
steelheart
1,832 posts
Posted by steelheart > 2014-04-03 16:55 | Report Abuse
Good job asiapac. Broke 0.23 resistance. Tomorrow you will rise up and be the star stock again!!!