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There are 32 curated lots in the building, and not all will be used for Focus's F&B brands. As Focus owns 75% of the building, it will earn a substantial rental income (aside from its F&B business) since the building is opposite to popular TRX, which will have high-income bankers (e.g., HSBC) and digital workers (e.g., Ants International)! https://thearchkl.com/retail/
As for The Arch next to TREC and opposite to TRX, RM96.97M from the set-aside RM112.44M fund had been spent. That is, the 5-storey building was done as of June 2024 -- RM15.47M renovations and working capital would be spent within three months thereafter.
It took around 1.5 years to drop to 0.5¢, yet we cannot achieve our targeted proportions of PA despite 2-3 years of accumulating! Believe it or not, we are now considering the 1.5¢ mothers to increase our stakes -- that is, I was not joking about your "disposable income"!
Just like the trends for the past 22 quarters, both revenues and gross margin percentages (61.4% for 2024 Q2) are similar or stable -- like it or not, zombies, haha:) No need to convince anyone here as my friend and I were basically the "sole buyers" of 0.5¢ PA since the end of last year until a few weeks ago when large 0.5¢ dumpings had stopped!
The "Other Operating Expenses" is RM15.7M, yet no new brands or outlets were launched -- meaning the money was mostly spent on The Arch, whose construction cost was completely spent, leaving only about RM10M for the renovation.
Right now, no one (except my friend) is competing for the 0.5¢ PA as all have been giving up hope, but a golden opportunity for me and my friend, whose 500,000 buy units are still not yet fulfilled, hehe:)
Very wicked as the gross-profit percentage is 60% for 2024 Q1 -- "21" quarters of at least 50% "consecutively or repeatedly" since 2019! That is, not a single loss quarter during those years -- either it is an incredible golden goose or accounting fraud, which is very unlikely for reporting the similar high percentages! I have been accruing the vast majority of the PA since March 20, and Zombies here could not stop me, haha:)