Hi guys,
Now that ECRL is signed Tun Daim mentioned the return of China tourists to Malaysian Soil
This will be great for ASIAPAC'S RM1 BILLION IMAGO MALL IN KK
See https://www.thestar.com.my/news/nation/2019/04/13/daim-it-took-nine-months-to-negotiate/
With this year marking the 45th 45th anniversary of Malaysia-China relations,
Tun Daim hoped that the resumption of the ECRL project would give more confidence to Chinese investors in Malaysia.
“We hope to see more Chinese investors and tourists coming to Malaysia,”
Tun Daim said.
YESSS!
CHINA TOURISTS WILL FLOCK BACK TO MALAYSIA IN DROVES
AND ASIAPAC HAS IMAGO MALL (A RM1 BILLIONS) INVESTMENTS BY ASIAPAC TO CATCH THE TOURISM BOOM IN SABAH
See Details on IMAGO MALL
Title No. TL 17533505 Kota Kinabalu, Sabah
KKTS 2 - Mall Retail Property Leasehold expires : 31/12/2076
Age of Building: 3 years
Size 711,904 sq. ft.
Cost Rm1,075,104,000 )RM1.075 BILLIONS)
Acquisition//Completion/valuation Date: 31/03/2018
The Total Borrowings of Asiapac is Rm300 Millions (Less Cash)
And Asiapac has Position Retained Earnings of over Rm700 Millions
Now Asiapac also has a huge 2,000 bay Car Parks (This was same as IGB when it spinned off its very profitable Car Park Reit called KRISS ASSETS (Now taken private)
See Car Park One
Title No. TL 17540500 Kota Kinabalu, Sabah
Ground and basement carpark Carpark operations
Leasehold Expires : 31/12/2080
Age of Building:10 years
114,039 sq. ft.
Rm24.470 Millions
31/03/2018
Car Park Two
Title No. TL 17528942, Kampung Karamunsing, Kota Kinabalu, Sabah
Ground & Rooftop carpark Carpark operations
Leasehold expires : 21/01/2901
Age of Building: 8 years
Land Size: 52,433 sq. ft.
Rm11.700 Millions
15/03/2018
SO ASIAPAC INVESTS NOT ONE BUT TWO CAR PARKS
AND THEY CHARGE TWO RINGGIT PER HOUR
RM2.00 PER HOUR?
THAT IS WHAT CITYSQUARE CHARGED FOR PARKING IN JBCBD
NOW THE COMBINED WORTH OF BOTH CARPARKS IS RM35 MILLIONS
ADD THAT TO IMAGE MALL WORTH RM1.075 BILLIONS = Rm1.110 BILLIONS
And at Rm300 Millions borrowings it is only 27% debt to equity
That's not Including 400 Acres of Lands in LABU & another 94 Acres in Semenyih. Plus Ongoing Condo Developments in Kepong & Other Malls. SO THERE IS A HUGE HUGE MARGIN OF SAFETY IN ASIAPAC
ON ITS OWN IMAGO MALL & 2 CAR PARKS ALREADY BRINGING IN GOOD CASH FLOW FOR ALL THE 4 QUARTERS OF 2018 & THE 4 QUARTERS OF YEAR 2017
NOW WITH RENEWED VIGOR FROM CHINA TOURISTS RETURNING PLUS THE BRIGHT PROSPECTS OF ECRL LIFTING UP BOTH LABU & SEMENYIH ASSETS WE EXPECT ASIAPAC TO DO EXCEEDINGLY WELL IN COMING YEARS
BEST REGARDS
Calvin Tan Research
Singapore
Below are the past quarter results of ASIAPAC
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2018
|
31 Dec 2017
|
31 Dec 2018
|
31 Dec 2017
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
32,569
|
33,234
|
88,703
|
124,436
|
| 2 | Profit/(loss) before tax |
4,316
|
8,023
|
15,159
|
19,719
|
| 3 | Profit/(loss) for the period |
2,873
|
5,580
|
11,233
|
14,083
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
2,873
|
5,460
|
11,233
|
13,963
|
| 5 | Basic earnings/(loss) per share (Subunit) |
0.28
|
0.54
|
1.08
|
1.37
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.9700
|
0.9650
|
||
UMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
30 Sep 2018
|
30 Sep 2017
|
30 Sep 2018
|
30 Sep 2017
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
32,148
|
44,386
|
56,134
|
91,202
|
| 2 | Profit/(loss) before tax |
5,643
|
7,635
|
10,843
|
11,696
|
| 3 | Profit/(loss) for the period |
3,644
|
5,504
|
8,360
|
8,503
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
3,644
|
5,504
|
8,360
|
8,503
|
| 5 | Basic earnings/(loss) per share (Subunit) |
0.35
|
0.55
|
0.81
|
0.85
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.9690
|
0.9650
|
||
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
Example for the subunit as follows:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
30 Jun 2018
|
30 Jun 2017
|
30 Jun 2018
|
30 Jun 2017
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
23,986
|
46,816
|
23,986
|
46,816
|
| 2 | Profit/(loss) before tax |
5,200
|
4,061
|
5,200
|
4,061
|
| 3 | Profit/(loss) for the period |
4,716
|
2,999
|
4,716
|
2,999
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
4,716
|
2,999
|
4,716
|
2,999
|
| 5 | Basic earnings/(loss) per share (Subunit) |
0.46
|
0.30
|
0.46
|
0.30
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.9680
|
0.9650
|
||
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
Example for the subunit as follows:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Mar 2018
|
31 Mar 2017
|
31 Mar 2018
|
31 Mar 2017
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
65,782
|
90,326
|
193,560
|
268,328
|
| 2 | Profit/(loss) before tax |
40,234
|
9,206
|
63,645
|
14,693
|
| 3 | Profit/(loss) for the period |
26,628
|
7,618
|
44,515
|
8,785
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
26,628
|
7,626
|
44,395
|
8,817
|
| 5 | Basic earnings/(loss) per share (Subunit) |
2.62
|
0.77
|
4.36
|
0.89
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.9610
|
0.8670
|
||
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
Example for the subunit as follows:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
There is a Huge 83.5% DISCOUNT TO ASSETS VALUE
In investment term we are paying only 16.5 Sen for Every Rm1.00 in Value
And EPS?
0.28
0.35
0.46
2.62
= 3.71 Sen per year
That is 23.18% Yield
Or P/E is 4.31
THAT MEANS THAT WE DOUBLE OUR MONEY IN JUST 4.3 YEARS TIME!!
Please buy/sell after doing your own due diligence
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/202272.jsp
