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with the recent acquisition of jaya shopping mall and renaming it to imagojaya, it is fair to assume that the company has the intention and is on the right track to relist both or more imago malls into "imagoreits". which imo is the best way to settle the company's huge debt and long term finance costs burden. selling sabah's imago mall to settle the debt is no longer seen as a possible route that the company will take as seen from it's keenness to manage even more malls.
dragging the huge debt by paying little by little is also one of the possible but worse option as it may take many ten years wasting lot of precious time
very good QR shown improvement in revenue due to new imago jaya acquisition. lower profit margin due to one off administration fee of imago jaya acquisition. next QR will should show further improvement in profit due to imago jaya revenue recognition plus sabah imago mall basement's expansion revenue (started end of october)
also bear in mind next qr might show reduction in nta due to land diaposal lower than market value, but greatly improved cash position due to cash obtained from land disposal. the said disposal is viewed as positive move by the company despite selling at slight lower than market value price to lower financial burden
that might be future new thing to garner attention. market like paying attention to new future things. but true value of asiapac is always the cash cow imago mall
non utilized asset turned into cash at 87m (just 4% discount of paper valuation), while market cap is merely just 149m. how justified is that. imagine if income generating imago mall turned into cash via selling or better relist as reit. you guys think imago mall paper valuation is far from actually value? try go visit the mall