我不明他能如何直播带货卖咖啡，如果他说他招的租户是给电商的捡货站那些我觉得可能性会比较大，那些检货站很稳定，以后都不用看人流量了，有online sales 就有钱交租。

So you are the PTRANS auditor?

每家公司都有他的价值，看不见不代表没有不代表价值是零，当价格跌破他自身的价值就有潜在溢价空间可赚，买的价格越低，溢价越多，抵御潜在风险的能力就越高。 有潜质的成长股和高股息股当然好，但都要买在好的价格才为好的投资。

价格越低，风险越低，溢价越高，如果说股息砍半，我平均的0.269 再砍一半就为之安全的进场区 0.135，维持买入价为股息的3-4%左右，如果cash flow 好回，股息派发重回以前的level，买入价3-4%的股息就会飙去6-8%，再说如果营业已度过难关派回每季度0.0050的股息的话，RM0.135, 的价格就是股息的12%-16%. 但如果我进不到RM0.135继续维持RM0.269的区间的话，派回0.0050股息我都只能得到6-8%的股息率而已。期望卖方的努力。

还好，我等跌深点再买，如果现金流问题能解决，Dividend paidout 都会上回来。管理层不需要理会股价，脚踏实地做好自身生意就好，度过了石油危机，一切将归常态。请不用担心我，我有我的理性在投资，亏了也是我的事。

Mr Market = Human buying… Human not always right man, they always over buying and over sold. You can see Example of TANCO, not keep got people buying = good company… one day will adjust back to value worth…

Both biggest Customer A and B over 12 months collectible receivable have fully settle on 1Q 2026 Next QR will still needed monitoring the Trade receivable of other customers.

Another thing is Land and building value wont be impaired just due to economic situation or profit lower. Most of the company make loss they still can sold their PPE to cover all the debts and liabilities.

Land and building value mostly determination by Land and building condition and Land and building market value which is “Recoverable amount”.

In Inflation due to most of the company using Cost model to record PPE, so when cost higher = Asset higher.

But inflation will increase construction cost to the current WIP construction project.

Not much to be complicated. Based on MFRS 116 and 136 you need to be impaired which Recoverable (Fair value) lower than Carrying Value (NBV). But impairment assessment only make when there is impairment indicator and Fair value will still needed Valuer they may need also to consider the PPE condition, age of PPE, future income generating, and Inflation.

Maybe 1st valuation : lose - they impaired
Then go to 2nd valuation: Profit - they reverse the impairment
Go to 3rd valuation: Profit - Revaluation reserve
4th valuation: Loss - offset the Revaluation researve

So you can see it. Market value or fair value can up or down.
But in time of lapse, inflation will pull all the land and building cost higher and higher due to depreciated value of money.

Erm dont think too complex, simple logic, if you got piece of land and building 20years ago, and revalue today, will it be dropping of price by business not operated, for example zero business operation. Price will be higher than 20 years ago due to Inflation. They wont care what building you doing right now, they can buy it and convert it to shopping mall or anything else…

Revaluation is done by Professional Registered Valuer which should have taken in all the consideration including forward looking future growth prospects, which it may appear revaluation loss too...