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Stagnant revenue/ Slim yet YOYO Margin/ Mediocre profits/ Borrowings circa RM1Bil Vs. Cash pile RM55.9m only.
Rental profits RM350.2m Vs. Retail profits RM53.3m indicating very few malls are profitable only.
Another joke is Interests Income RM734K (albeit 6 months), if annualized, RM1.5m only arrr?
Top Management shall be axed or risk awaiting cash rich Corporate investor from Mainland as a white knight just like Proton and Volvo Sweden unless Japan HQ gives it some soft-loans...
My TP: Below RM1.10 (just a matter of time) Time to dispose now!