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> Utusan cashes out in property unit for RM48m, duit makin kurang

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post Dec 22 2015, 08:59 AM

Casual
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Cost of investment RM100k, sell for RM48million?
In just 8 months?
What investment is that? I also want to buy.
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post Dec 22 2015, 12:29 PM

Casual
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Junior Member
460 posts

Joined: Oct 2008
QUOTE(soowky @ Dec 22 2015, 08:24 AM)
Utusan said the disposal is expected to result in an improvement to its earnings by approximately RM48 million for the financial year ending December 31, 2015, and contribute to its earnings per share.
QUOTE(Intimidated @ Dec 22 2015, 10:18 AM)
i think is they loan from bank liao

like housing loan like that

technically you only put in, say 50k deposit, then installment several months 50k = total 100k invested

then you sell it

even though the building was sold for 48 million, you don't actually pocket the whole thing, just the difference between loan and sales price
*
Nope, the disposal contribute fully to the earnings.
Confirm something fishy behind. rolleyes.gif

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