KUALA LUMPUR: Asian Pac Holdings Bhd expects a recurring income boost by RM40 million to RM50 million annually from its Kota Kinabalu Times Square Phase II (Imago) by year-end.

Imago, developed by Syarikat Kapasi Sdn Bhd, a subsidiary of Asian Pac, is set to cater to a resident population of about 400,000.

“The KK project is by far the most important mixed commercial development in Sabah and Sarawak,” said Asian Pac chairman Tan Sri Megat Najmuddin Megat Khas.

“We are very optimistic we will do well in Sabah and going forward, we want to become a major player in the property industry,” he added.

KK Times Square II consists of a 15-acre retail mall, exterior shoplots and five blocks of 631 luxury apartments, with an expected construction cost of RM700 million.

“Currently, 50% of the project has been completed and the rental income from Imago is expected to post positive results for the group’s financial year ending March 31, 2013,” said Najmuddin.

He said 80% of the residential units from the first three blocks have been sold. Prices range from RM700,000 to RM2 million, with the majority taken up by locals and foreigners from Hong Kong, Singapore and Brunei.

The residential development has a total gross development value (GDV) of about RM600 million.

Najmuddin said the company will not sell any of the retail lots in Imago. It is keeping the units for investment gain and rental income.

Asian Pac has total unbilled sales of over RM800 million.

The four-storey shopping mall with a net retail space of about 800,000 sq ft, is the second phase of the KK project after the launch of its phase one, Signature Office, completed in 2007.

The company had cash and bank balances of RM129 million in the second quarter ended Sept 30, 2012, dropping from RM176.87 million as at March 31, 2012.

“Asian Pac is relatively undergeared and funding is not an issue for us. We have a gearing ratio of about 0.3 times,” said Najmuddin.

“For the year ending March 31, 2013, we expect the company to have favourable results because most of our construction and property developments are almost completed, hence we expect to churn in profit,” said Asian Pac group accountant YY Liew.

Asian Pac incurred a net loss of RM341,000 for the second quarter ended Sept 30 due to lower profit for KK Times Square 2 apartments and Dataran Larkin 1 shop/office and provision for doubtful debts.

“Another main contributor to the loss was because much of the construction was in progress and we had not reached the stage where we could take in as profit,” said Liew.



This article first appeared in The Edge Financial Daily, on February 5, 2013.

Got time now...

You talking Hexza is it? sweat.gif laugh.gif

I was just looking at the back prices....

In 2010, just before the stock went ex for its dividends, Hexza was trading at 685.
Today it closed at 65.

sweat.gif

So a long term investor only gain dividends, which I think is not too bad.
Lazy to count leh... please feel free to add in how much....

Is this enough?
Cukup ka?
For holding a stock so long?

I know.. some would say yes...
Some greedy people like me... might say no. tongue.gif

Anyway so why isn't the stock performing?

I think is earnings is poor and very small.
Kacang putih earnings... sweat.gif

This is the past earnings.

FY2010 - 15.8 m
FY2011 - 12.1 m
FY2012 - 6.1 m
FY2013 - 8.45 m
FY2014 - 1 quarter - 1.020
Trailing - 8.8

FY 2013, showed some turnaround but as you can see its very small.

Very not exciting, in my opinion, this is why the stock has not gone anywhere at all this few years...
(you also can see the stock drifted sideways and lower after its last dividend end Nov)

Can this situation change?

Value plays... err ..... you know la me.... I somehow not a keen pure value player.

I want to see the earnings growth...

So for Hexza fortunes to reverse, I want to see the earnings growth.

Yes, last quarter earnings improved a lot (over 50+%) but the numbers used was so small.
Earnings improved from 672k to 1.02 m.
Too small numbers comparison, so I won't go gung ho over the 'improvement'....

If I want to trade this one...
I want to see volume increase....
I want to see earnings improve...
Else, it's a no go for me.

My 3 sen leh... icon_rolleyes.gif

Ya further checking shows almost limited growth. Only their ethyl glycol & acetic division is showing some growth. Thier natural brew vinegar division is the star of the company. (Similar to 3A resources)

Formaldehyde and glue sector not doing well due to overall furniture industry weakness. They have lost one of their biggest client in Sarawak recently. However if furniture and wood products sales picks up then they might have growth.

Their alcohol division is doing badly as there is a lot of smuggling. Smuggled alcohol is selling below the excise tax which hexza is paying... doh.gif

Property division is sleeping peacefully... sweat.gif

Most of their raw materials is priced in USD and sales mostly in RM... not a good picture.

Is the pay any good?

hehe... I really got warned you hor.... hehe...

Telling to trust someone else, like trust bonescythe is not a good thing to do in a stock forum.

Let me explain why.

1. Think of consequences.
If good, will some one thank you? No they will only thank bonescythe and only he will get credit.
If bad, ie stock kelong, how? You going to carry wok ah? You going to take blame?

Either way, nothing good come off.

2. If some one wishes to give opinion on the issue, what then?
You say he say stock good.
What if someone called ahboon come out and say chart no good based on such and such reasoning.
How then?
You going to defend bonescythe's opinion with what? Just say trust him ah?
What about bonescythe's feeling then?
That good for nothing ahboon simply, simply shot down his opinion.
And for no reason, bonescythe, has to come in here and defend his opinion.
What then?
You say what? That ahboon say what?
So complicated... all because this AhLoo so free nothing to do and simply say trust bonescythe.

And the other Boon3, knowing this will happen, you think he will comment at all? You think his back side so free and nothing else better to do ah? hehe

Conclusion?
In a forum, use your own opinion.
Don't throw other names out.....
Nothing good will happen from it one.

Serious wor... don't throw names at others la... not a nice thing to do.
I kawan with you that's why I take time and write long long explanation.

ok mah?

Then my GUH comments.

You sure you want to read on?


Your comment earlier not good. Haha boon u remember Guh? At first u laugh me... Say it's not a nice chart... When move then nice jo haha.

Actually are you small gas?
What exactly you want me to say?
Just say whatever you buy is good?
This is my ori posting to you is here: post 4298

I commented on it because you make the statement : now holding guh, steady stock but slow like tortoise... fundamental very solid, financially sound...

I thought that was a wrong statement on all accounts.
It was NOT steady but slow like a tortoise...
And it was NOT fundamental very solid and financially sound.

I gave you my reason.

Take a deep breath and read word for word what I said again.... I add in new comments in red.

*******

GUH .. fundamentally very solid?

Last earnings not very solid leh... -- GUH report the day showed porfits declined 15% on a yearly basis. AM I wrong to question the fundamentally sound issue?

http://www.bursamalaysia.com/market/listed...cements/1472781

You can see the ytd earnings of 21 million is much lesser than its earnings of 28 million the previous year.
Quite a big decline in earnings.
That earnings was reported in Nov.

If you compare it to the chart, you will understand why GUH stock declined from 110+ in Oct to low 90 sen in Dec.
Decline earnings = decline in stock price. wink.gif -- I explained what happened in Oct when the stock drop from 110+ to 90 sen. This is telling it as it is. Is telling things as it is means saying chart not nice?

Stock broke UP from its downtrend in early Jan 2014.
Three solid days of up movement.

If I have to guess, my guess would be the coverage on the Star newspaper was sexy enough to drive the stock higher.

http://www.thestar.com.my/Business/Busines...-given-a-boost/

You can see the stock went from 90+ sen to 110+ sen...
Recovering its previous losses.

However, since then... err... the stock has drifted lower. wink.gif ------ Again I am just reading what HAS happened in the chart. It's there. FACTS. Did I put the word not nice in there? /[

[B]And based on all these, I do not agree leh with guh being a steady stock but slow like tortoise...
It's earnings has been on a decline...
The stock up movement coincided with a sexy story posted on Star.

Please don't F.... me for giving you these straight forward opinions.. ok? ----- ahem!!!

sweat.gif

Anyway.. share market got many sharks one lor...
If shark is strong enough...
anything can happen one. icon_rolleyes.gif -- ahem... earnings lower but next day stock gapped up. You think fundamental investors chasing the stock ah? One thing you need to understand in the stock market, sharks can goreng anything one. Bad stock, lousy stock, pokai stock, coma stock, good stock.... all also can be goreng one.


Now tell me... did I tell you chart is not nice or I just posted comments because I did not agree with your statement?