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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
31 Dec 2018

 
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
30 Sep 2018

 
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:
 
Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2018

 
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:
 
Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2018

 
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:
 
Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence


At 16 sen with NTA  OF 97 Sen (IMAGO MALL & 2 CAR PARKS INCLUDED)
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
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