Sunday, April 18, 2021

Asian Pac Holdings Berhad ASIAPAC Code 4057

Stock Name : ASIAPAC
Code: 4057

Nature of Business: Property Development and Property Investment

Low PE (MCO affected the group earning, however it seems earnings rebound from previous loss since 2Q2021, share price have improved from previous low as well 0.06 to 0.205 to 0.17, last quarter recorded profit before tax of 23.3 mil where 16 mil were from short term investment)

There was one time recorded profit before tax of 511.4 mil in Q42015, the increase quoted due to fair value gain on investment properties and changes in accounting framework

As the business involve mall space leasing and parking, if prolonged Movement Control Order earning may be challenging, it seems company has found a way to invest capital for short term gain

Dividend - Last Dividend in 2015, no recent Dividend

Net asset: Price below Net Asset
Debt to Equity: 0.85
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 0.
11-0.16 
Technical: 0.11-0.17  
Overall: Amber (due to no Dividend) 

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