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No, company will not do share buy back now. And, you should avoid from buying if you are not familiar. Risk outweighs value. Just my opinions, could be wrong. Hope it helps.
nothing to do with QR :) The distribution started early 2023 until cum to date despite making some profits. It will continue until Q2 at least. By then, it should be clearer.
the outlook for the industry has been challenging - both internal and external. Operational challenges, not seeing any fresh capital injection into Shang and efficiencies efforts. Occupancy rates at fifties compared to high seventies pre pandemic and profit margins used to be at twenties. Not surprising if Aberdeen will cease to be substantial shareholders by Q2'24.
Two upcoming surprises in Q4'23 and Q1'24 that should be taken into consideration as part of risk management for shareholders - (1) year end revaluation for its Myanmar properties - hotel, serviced apartment and commercial complex. It has been difficult since the pandemic. Looking at the trend of property prices in Myanmar, its a mixed trend (2) full adoption of mfrs 16 in Q1'24.
