Be to practical, nothing much can be done at the moment. Only to wait for HR to acquire encore to release capital. If this is failed then gg, but even sold Encore we don’t expect immediate recover
I already advised a few months ago that it will drift towards 10 sen. The dilution is severe and prospect is bleak for both Encore and property divisions.
Yong Tai : Property development contributions doubled YoY, with 1QFY20 pretax profit of RM6.7m underpinned by the Group’s various projects progressing steadily. The Apple serviced apartment is 79% complete, the most advanced amongst the lot. The Dawn and Amber Cove in Malacca are 17% while the U-Thant condominium is 11% complete. With operating conditions likely to remain challenging near-term, focus will be reducing its inventories, with launches likely to be held back indefinitely. Total unbilled sales as at September are RM382m. Separately, the Group is re-visiting the development plan of Terra Square and has started progressing it on its own. Status of the Group’s projects:
Yong Tai : Encore Melaka is slowly but surely finding its footing after a difficult first year in operations. Ticket sales have picked up, and this too even before the typically busier year-end holidays. We gather 1QFY20 sales is already about half of what was done for the whole of last year, though still some way short of its breakeven (~300,000) point. Pretax losses have narrowed YoY to RM6.7m owing to cost rationalization initiatives.
Yong Tai : 12 Million Volume as of this morning. Before end of today, how much Million Volume will be changing hands ? Who are the people busy collecting Yong Tai at this cheap price ?
Yong Tai, very soon will see 0.2 before CNY
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
ThegreedZ
737 posts
Posted by ThegreedZ > 2020-01-10 16:02 | Report Abuse
PN17