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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