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solasta is not completed, only estimated completion by this year end 2026.
however tower a and b most likely wont be completed. only abt 33% completion status
tower c reaching 90%.
so the revenue will not be big this year.
disposing more land is the only way, maturity of sukuk next year of 200mil, and perpetual is deferred. coupon app 70m per year, so the cash flow is very bad.
hartamas land disposal has no progress, even if success to dispose the debt is still big.
refinancing the securities is one major way to reduce debt due to high interest but as if now, no financial institutions are willing to step in to provide loans. unless they rectify all those security deposit paid amounting to 1 bil, not sure how they can survive the cash flow issues
upcoming maturity of sukuk.app 170m in 2027 and upcoming coupon 28 Feb 2026 for sukuk.
from where ynh will get cash to pay beats me.
likely will be defaulted on the coupon and if they are unable to restructure or sell dutamas land, they will be in serious trouble to redeem the sukuk next year.
ben saw - Company had more than 400m worth of land, but if its not able to sell, its getting difficult for them to manage.
solasta not completing this year. maybe tower c, definitely not tower a and b.
not much sales and profit.
next year sukuk maturity, 200m.
dont know what land they can sell anymore.
also, deposit paid to 1bil, but nothing in return. if put fd only also generate 200m cash at least to them already in 8 years.
now deposit also cannot get back.
how they can manage cash flow?
unless company takeover or restructure all the debts, it will be very difficult
boy lim - company management got problem. cash flow big issue. valuable is subjective. end month they need to pay abt 9m coupon for the sukuk bond.
do they have the money or will default?
maybe wont default as the amount is not that big. if default will really be problem.
why paying so much security deposit and dont terminate it if cash flow so much issue?
security deposit cannot take back? Just cancel the agreement and take back the deposit, the cash flow will improve immediately.