Aseana Properties Share Discussion Threads

[envirovision] 23/7/2010 15:43

Mid price is 50cents now, it seems to be going upwards again.

[nickcduk] 21/7/2010 20:35

I hope they hand a load of the cash back. All this bull about targeting 20% ROI. Not a hope in hell. They would be better off winding up and handing cash back or else getting back in the market and buying shares in aggressively.

[davebowler] 21/7/2010 16:30

Aseana sells office tower and retail mall
StockMarketWire.com
Aseana Properties is selling an office tower and retail mall in Kuala Lumpur for RM333m.

Aseana said it had entered into conditional sale and purchase agreements with wholly owned subsidiaries of ARA Asia Dragon Fund.

The properties - a 20-storey office tower block and a five-storey retail mall - are two of three components in 1 Mont' Kiara, an integrated mixed development located in the heart of Mont' Kiara, a sought-after residential and commercial address in Kuala Lumpur.

1 Mont' Kiara is being jointly developed by Aseana Properties and MCDF Investment Pte Ltd.

The completion of the SPAs is expected towards the end of 2010 and is conditional upon approval from the relevant authorities and the issuance of a certificate of occupation for the development.

The third component of 1 Mont' Kiara is a 34-storey building consisting of 186 office suites, 185 of which have already been sold to individual buyers.

Story provided by StockMarketWire.com

[davebowler] 21/7/2010 13:26

Aberdeen Asset Man are keen on Asian property; new fund-

[davebowler] 21/7/2010 13:24

Glad to have you on board, nickduk.

[nickcduk] 26/6/2010 09:34

I picked up a few a couple of months ago when it was nearer 40c. All that legitimate 'ramping' finally got me Dave! ASPL will be recycling capital from sales soon. Far east is growing well and ASPL should ride along with its coat tales.

[davebowler] 25/6/2010 16:11

Its up again today despite the market having a fresh bout of the jitters.

[envirovision] 17/6/2010 13:29

agreed, VNI also good value. I hold this and some VNI 3 year view minimum of course.

[davebowler] 17/6/2010 13:26

NAV per share 127 cents , current share price 46 cents -bargain .
Gearing net of cash is 43%

[davebowler] 17/6/2010 13:15

Aseana Properties Limited

("Aseana")

Quarterly Investor Update



Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia and Vietnam, reports it has today issued its Quarterly Investor Update for the period to 31 March 2010. The full update can be obtained on Aseana's website at:



Highlights:



· Net Asset Value at 31 March 2010 of US$201.49 million (31 December 2009: US$205.07 million) - reduction mainly attributed to unrealised foreign exchange loss of US$2.0 million.

· Realisable Net Asset Value at 31 March 2010 of US$270.07 million (31 December 2009: US$264.60 million) - gains attributed to translation gains from its Malaysian subsidiaries. The market value of all projects in its respective local currency remained unchanged.

· Obtained construction license for the first phase of the International Hi-Tech Healthcare Park in Ho Chi Minh City, Vietnam. Piling work commenced in early May.




For further information:



Aseana Properties Limited


Tel: [phone]

Tan May Lee


Email: [e-mail]

Tavistock Communications


Tel: [phone]

Jeremy Carey / Simon Hudson / Amy Walker


Email: [e-mail]

Fairfax I.S. PLC


Tel: [phone]

James King





Notes to Editors:

London-listed Aseana Properties Limited (LSE: ASPL) ("Aseana" or "the Company"), is a property developer in Malaysia and Vietnam.



Aseana typically invests in development projects at pre-construction stage. Investment is made in projects where it is believed there will be a minimum 30% annualised return on equity ("ROE") on investments in Vietnam and a minimum 20% ROE on investments in Malaysia.



Ireka Development Management Sdn Bhd ("IDM") is the exclusive Development Manager for Aseana. It is a wholly-owned subsidiary of Ireka Corporation Berhad, a company listed on the Bursa Malaysia since 1993, which has over 40 years experience in construction and property development. IDM is responsible for the day-to-day management of Aseana's property portfolio and the introduction and facilitation of new investment opportunities.



Fundamentals of Malaysia and Vietnam remain strong for future growth, especially with indications pointing to strong growth in emerging markets this year. In particular, the real estate sectors are likely to flourish due to:

· An increasing standard of living and urbanisation driven by a burgeoning young and middle-class population

· Clear government role in encouraging participation of private sectors in real estate development, as well as encouraging and promoting land and property ownership

· Improving availability or mortgages to encourage property ownership

· Favoured Foreign Direct Investment ("FDI") destinations driving demand for commercial and industrial properties

[envirovision] 17/6/2010 12:06

Report out, interesting read.

[davebowler] 14/6/2010 15:53

Interesting hsm123- and note the big volume today.

[envirovision] 14/5/2010 10:46

Sounds like a real wasted talent unless property trading is just a small time hobby on the side then.

[davebowler] 14/5/2010 09:59

Major shareholder background

Dato' Dr. Thong worked for Shell for 19 years, gaining considerable experience in upstream business of exploration, production of oil and gas, and downstream oil business in refining, supply and trading. He was appointed Chief Corporate Planner for Shell Group of Companies in Malaysia from 1991 to 1993. After that he left to start his own business in property development, manufacturing and trading. Dato' Dr. Thong was appointed to the Board of Directors of Jasa Megah Industries Bhd and Insas Bhd in 1993. He retired from the two companies in 2000. His current interest is in consultancy, property development and investment. He graduated from Imperial College of Science and Technology, London with First Class Honors in Chemical Engineering in 1968 and obtained his PhD in 1971. He received the RH Gummer prize for 1969/70 for his research work in combustion and had published papers in the Proceedings of the Royal Society, UK, Institute of Chemical Engineering, UK and Journal of Physics, UK. He was also the founding member of Imperial College Alumni Malaysia and a past President of the Alumni.

[davebowler] 27/4/2010 16:17

TD Waterhouse should be able to handle both I think.I actually used a Broker in Manchester called Midas 0161 228 1709

[engelo] 27/4/2010 10:59

davebowler: looking into these following your lead. My broker (HL) won't handle them as they are a dollar stock. Presumably need a dollar account: could you confirm this and perhaps recommend a broker?

I have another broker decision to make as HL can't handle WCC either when it moves to HK and I'm running out of time!

[davebowler] 23/4/2010 12:24

RNS;

Fundamentals of Malaysia and Vietnam remain strong for future growth, especially with indications pointing to strong growth in emerging markets this year. In particular, the real estate sectors are likely to flourish due to:

· An increasing standard of living and urbanisation driven by a burgeoning young and middle-class population

· Clear government role in encouraging participation of private sectors in real estate development, as well as encouraging and promoting land and property ownership

· Improving availability or mortgages to encourage property ownership

· Favoured Foreign Direct Investment ("FDI") destinations driving demand for commercial and industrial properties

[davebowler] 22/4/2010 10:13

Business Financial Newswire
Aseana Properties revenue increased by 200% in the year to the end of December to $115.25m (2008: $38.37m).

It said this was mainly due to the sale of properties in i-ZEN@Kiara I ($3.9m), Tiffani by i-ZEN ($91.9m) and Sandakan Harbour Square (Phase 2) ($18.7m), all in Malaysia.

Net profit before taxation was $4.3m (2008: net loss of $27.4m).

The group's current portfolio of investments includes 13 projects in Kuala Lumpur, Kota Kinabalu and Sandakan in Malaysia, and Ho Chi Minh City in Vietnam.

[davebowler] 02/3/2010 13:43

Good volume.

[envirovision] 09/2/2010 14:05

Got some today

[davebowler] 31/1/2010 17:49

Asian Property outlook

[davebowler] 26/12/2009 10:17

Asian Property video

[davebowler] 14/12/2009 14:11

Page 14 of this Numis research doc shows our co. in a very favourable light

[kefta] 03/12/2009 18:13

Some big volume today, over 4.5 million shares traded and only a 1.22% gain.
A very understated stock, I bought at $0.16 in April so not complaining.

kefta