Highlights
KLSE: BJASSET (3239)       BERJAYA ASSETS BHD MAIN : Properties
Last Price Today's Change   Day's Range   Trading Volume
0.36   0.00 (0.00%)  0.36 - 0.36  433,500
Analyze this stock with MQ Trader system

General Meeting

Hints :
[1] Click the View Entitlement icon table to view the Meeting detail page.

Click here to modify the Visible Columns.

Ann. Date Date Time Type Venue View
30-Apr-2018 21-May-2018 10:00 EGM Manhattan III, Level 14, Berjaya Times Square Hotel, Kuala Lumpur, No. 1 Jalan Imbi, 55100 Kuala Lumpur Meeting Detail
30-Oct-2017 28-Nov-2017 10:00 AGM Manhattan III, Level 14, Berjaya Times Square Hotel, Kuala Lumpur, No. 1 Jalan Imbi, 55100 Kuala Lumpur Meeting Detail
06-Oct-2017 01-Nov-2017 10:00 EGM Manhattan III, Level 14, Berjaya Times Square Hotel, Kuala Lumpur, No. 1 Jalan Imbi, 55100 Kuala Lumpur Meeting Detail
27-Oct-2016 23-Nov-2016 10:00 AGM Manhattan I, Level 14, Berjaya Times Square Hotel, Kuala Lumpur, No. 1 Jalan Imbi, 55100 Kuala Lumpur Meeting Detail
04-Nov-2015 27-Nov-2015 10:00 AGM Manhattan III, Level 14, Berjaya Times Square Hotel, Kuala Lumpur, No. 1, Jalan Imbi, 55100 Kuala Lumpur. Meeting Detail
07-Nov-2014 04-Dec-2014 10:00 AGM Manhattan III, Level 14, Berjaya Times Square Hotel, Kuala Lumpur, No. 1 Jalan Imbi, 55100 Kuala Lumpur Meeting Detail
08-Nov-2013 04-Dec-2013 10:00 AGM Manhanttan I, Level 14, Berjaya Times Square Hotel, Kuala Lumpur, No. 1 Jalan Imbi, 55100 Kuala Lumpur Meeting Detail
12-Nov-2012 06-Dec-2012 10:00 AGM Manhanttan III, Level 14, Berjaya Times Square Hotel, Kuala Lumpur, No. 1 Jalan Imbi, 55100 Kuala Lumpur Meeting Detail
Trade this stock with 3 x trading limit. Find out more.

  4 people like this.
 
targetinvest afternoon all berjaya counter will berkaya
14/05/2018 12:12
thesteward Keep hold be patient ...will be rewarded.
VT smart businessman - take right boat unlike some other businessmen keke
14/05/2018 17:46
ckphan how about today??
15/05/2018 10:51
ckphan seem like everyone throwing off
15/05/2018 10:51
yoon Want to buy at 0.475
16/05/2018 12:35
thesteward Last q loss this q profit
21/05/2018 20:53
KLCI King Mostly all Berjaya counters boleh tengok tapi tak boleh makan, all cannot make money one, semua koyak
22/05/2018 17:23
SpicyMcDeluxe Bonus isssue
22/05/2018 20:33
2233762869982319 Bonus ex-date 04 June 2018 so buy now still entitle right?
23/05/2018 00:40
23/05/2018 01:01
ckuanglim what is bonus warrant?
01/06/2018 16:52
superbear2020 Bonus issued should boost the price right? Why still keep dropping....?
04/06/2018 10:20
Jun Lim Ng Vincent Tan Share better avoid it...i sold all on last friday ....
Better dont wan the free warrent...later trap more and more !
just my opinion...
04/06/2018 14:40
ckuanglim can anyone explain how the bonus warrant works?
07/06/2018 09:05
onglah When warrant coming out at market
07/06/2018 10:24
w2339 Very fishy. Substantial shareholders accumulating.
12/06/2018 23:39
superbear2020 Warrant release today right?
13/06/2018 12:08
ckuanglim yes released
13/06/2018 15:18
liris76 Any takers for the warrant? Potential up??
13/06/2018 22:48
Asdfghjkl Dont buy the warrant. Got sharks. Up price then drop down. It's to trap you all.
14/06/2018 00:38
stanley1979 Omg.. why drop so much.
14/06/2018 20:39
superbear2020 Haha... keep dropping, look like has to cut lost? Or some magic may happen?
25/06/2018 18:16
superbear2020 12 millions of shares bought by VT, BJLAND, BJCORP and others major shareholders within 1 week, look like there are new projects (insider news) coming soon...
12/07/2018 09:35
Victor Yong Sultan johor holds more than 12% , continued to buy recently... other shareholders also continued to buy .... :)

Stock [BJASSET]: BERJAYA ASSETS BHD
Announcement Date 13-Jun-2018
Substantial Shareholder's Particular:
Name DYMM SULTAN IBRAHIM JOHOR
Details of Changes:
Currency -
Date of Change Type Number of Shares
12-Jun-2018 Acquired 250,000
Registered Name DYMM Sultan Ibrahim Johor
Nature of Interest Direct Interest
11-Jun-2018 Acquired 250,000
Registered Name DYMM Sultan Ibrahim Johor
Nature of Interest Direct Interest
08-Jun-2018 Acquired 300,000
Registered Name DYMM Sultan Ibrahim Johor
Nature of Interest Direct Interest
07-Jun-2018 Acquired 300,000
Registered Name DYMM Sultan Ibrahim Johor
Nature of Interest Direct Interest
Nature of Interest Direct Interest
Shares Ordinary Shares
Reason Direct Interest - Acquisitions of shares in the open market
Total no of securities after change
Direct (units) 315,900,000
Direct (%) 12.35
Indirect (units) 0
Indirect (%) 0.00
Total (units) 315,900,000
Total (%) 12.35
Date of Notice 12-Jun-2018
12/07/2018 15:53
Victor Yong Any good news? Sultan Johor and other shareholders continued to buy :)

BERJAYA CORPORATION BERHAD 09-Jul-2018 Acquired 1,000,000 0.000 View D
BERJAYA GROUP BERHAD 09-Jul-2018 Acquired 1,000,000 0.000 View Detail
BERJAYA LAND BERHAD 09-Jul-2018 Acquired 1,000,000 0.000 View Detail
JUARA SEJATI SDN BHD 09-Jul-2018 Acquired 1,000,000 0.000 View Detail
TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN 09-Jul-2018 Acquired 1,000,000
TERAS MEWAH SDN BHD 09-Jul-2018 Acquired 1,000,000 0.000 View Detail
BERJAYA CORPORATION BERHAD 06-Jul-2018 Acquired 1,000,000 0.000 View D
BERJAYA GROUP BERHAD 06-Jul-2018 Acquired 1,000,000 0.000 View Detail
BERJAYA LAND BERHAD 06-Jul-2018 Acquired 1,000,000 0.000 View Detail
JUARA SEJATI SDN BHD 06-Jul-2018 Acquired 1,000,000 0.000 View Detail
TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN 06-Jul-2018 Acquired 1,000,000
TERAS MEWAH SDN BHD 06-Jul-2018 Acquired 1,000,000 0.000 View Detail
TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN 29-Jun-2018 Acquired 500,000 0.000
TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN 28-Jun-2018 Acquired 200,000 0.000
DYMM SULTAN IBRAHIM JOHOR 12-Jun-2018 Acquired 250,000 0.000 View Detail
DYMM SULTAN IBRAHIM JOHOR 11-Jun-2018 Acquired 250,000 0.000 View Detail
DYMM SULTAN IBRAHIM JOHOR 08-Jun-2018 Acquired 300,000 0.000 View Detail
DYMM SULTAN IBRAHIM JOHOR 07-Jun-2018 Acquired 300,000 0.000 View Detail
DYMM SULTAN IBRAHIM JOHOR 06-Jun-2018 Acquired 400,000 0.000 View Detail
DYMM SULTAN IBRAHIM JOHOR 05-Jun-2018 Acquired 400,000 0.000 View Detail
DYMM SULTAN IBRAHIM JOHOR 04-Jun-2018 Acquired 400,000 0.000 View Detail
DYMM SULTAN IBRAHIM JOHOR 01-Jun-2018 Acquired 400,000 0.000 View Detail
DYMM SULTAN IBRAHIM JOHOR 31-May-2018 Acquired 400,000 0.000 View Detail
DYMM SULTAN IBRAHIM JOHOR 30-May-2018 Acquired 400,000 0.000 View Detail
DYMM SULTAN IBRAHIM JOHOR 28-May-2018 Acquired 400,000 0.000
12/07/2018 15:54
Victor Yong I think bjassets will dispose off its gambling biz probably to bjtoto to make it a syariah compliant counter sooner or later.

Its gambling subsidiary is as follows:
Natural Avenue Sdn Bhd

Natural Avenue Sdn Bhd is the sole and exclusive agent for Sarawak Turf & Equestrian Club to operate number forecast lotteries in Sarawak. The company operates the 1+3D Big / Small, 3D Big and 3D Big Series games and has outlets across Sarawak. Its Regional Offices are located in Kuching, Sibu and Miri.

Visit Natural Avenue website at www.cashsweep.com.my
12/07/2018 16:03
Victor Yong Share of results from joint ventures amounted to RM39,376,000 for the recent quarter ended 31 mar 2018.... very successful in its joint ventures :)
12/07/2018 16:16
Victor Yong The recent quarter was already profitable :)


Current Year Quarter ended 31/03/2018

RM '000
1 Revenue 76,553
2 Profit/Loss Before Tax 20,152
3 Profit/(loss) attributable to ordinary equity holders of the parent 16,620
4 Net Profit/Loss For The Period 17,512
5 Basic Earnings/Loss Per Shares (sen) 0.66
12/07/2018 16:30
Victor Yong Already turnaround based on the latest quarter ended 31 mar 2018... with the potential to become a syariah compliant stock after the disposal of its gambling biz in sarawak (if any), at current price, it is a good entry point. :)
12/07/2018 16:39
Victor Yong When they announce it, the price will take off :)

KUALA LUMPUR: Berjaya Asset Bhd (BAssets) is currently in talks with an Asian automotive brand to manufacture and assemble its cars under BAsset’s unit Oriental Assemblers Sdn Bhd.

Speaking during a briefing today, BAssets executive director Koh Huey Min said: “We will announce plans for Oriental Assemblers in six months’ time.”

Read more at https://www.thestar.com.my/business/business-news/2017/08/08/berjaya-assets-in-talks-to-manufacture-and-assemble-car/#5Jrrj6bV5hAkX4tU.99

https://www.thestar.com.my/business/business-news/2017/08/08/berjaya-assets-in-talks-to-manufacture-and-assemble-car/
12/07/2018 19:11
Victor Yong :)

Royal boost for Berjaya Assets - Business News | The Star Online
https://www.thestar.com.my › 2017/10/07
7 Oct 2017 · THE increased presence of Johor royalty in Berjaya Assets Bhd (BAssets) seems to have enhanced the appeal of the ...
Berjaya Assets emerges as substantial shareholder in 7-Eleven - Business ...
https://www.thestar.com.my › 2018/05/03
3 May 2018 · KUALA LUMPUR: Berjaya Assets Bhd has emerged as a substantial shareholder in 7-Eleven Malaysia Holdings Bhd ..
12/07/2018 19:12
Victor Yong :)

Royal boost for Berjaya Assets - Business News | The Star Online
https://www.thestar.com.my › 2017/10/07
7 Oct 2017 · THE increased presence of Johor royalty in Berjaya Assets Bhd (BAssets) seems to have enhanced the appeal of the ...
Berjaya Assets emerges as substantial shareholder in 7-Eleven - Business ...
https://www.thestar.com.my › 2018/05/03
3 May 2018 · KUALA LUMPUR: Berjaya Assets Bhd has emerged as a substantial shareholder in 7-Eleven Malaysia Holdings Bhd ..
12/07/2018 19:12
Victor Yong Interesting 2018. :)

https://www.thestar.com.my/business/business-news/2017/01/14/vincent-tan-continues-his-drive-in-assembly-business/
12/07/2018 19:15
Victor Yong Bjassets holds 5%+ in 7-eleven. Yearly dividend income and potential to be privatised :)
13/07/2018 09:38
Victor Yong any good news? :)



Thursday, 12 Jul 2018

5:42PM BJASSET BERJAYA GROUP BERHAD (1,500,000 units Acquired)

5:42PM BJASSET BERJAYA CORPORATION BERHAD (1,500,000 units Acquired)

5:41PM BJASSET JUARA SEJATI SDN BHD (1,500,000 units Acquired)

5:41PM BJASSET DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)

5:41PM BJASSET BERJAYA LAND BERHAD (1,500,000 units Acquired)

5:41PM BJASSET TERAS MEWAH SDN BHD (1,500,000 units Acquired)

5:40PM BJASSET VINCENT TAN CHEE YIOUN (1,500,000 units Acquired)


Wednesday, 11 Jul 2018

5:39PM BJASSET BERJAYA CORPORATION BERHAD (2,000,000 units Acquired)

5:39PM BJASSET BERJAYA GROUP BERHAD (2,000,000 units Acquired)

5:39PM BJASSET JUARA SEJATI SDN BHD (2,000,000 units Acquired)

5:39PM BJASSET TERAS MEWAH SDN BHD (2,000,000 units Acquired)

5:39PM BJASSET BERJAYA LAND BERHAD (2,000,000 units Acquired)

5:37PM BJASSET DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)

5:37PM BJASSET VINCENT TAN CHEE YIOUN (2,000,000 units Acquired)
13/07/2018 10:41
super888 zzzzzzzzzzzz
13/07/2018 13:31
Victor Yong Major Shareholders of berjaya assets are not as rich as ytl, they didnt buyback as much as ytl's major shareholders, correct? :)
16/07/2018 10:51
GTMS historically low ...still to come ?
16/07/2018 12:48
Victor Yong Can bjassets and naza start a 2nd national car project as suggested by Tun M? :)

http://www.klsescreener.com/v2/news/view/180009
17/07/2018 12:42
Victor Yong :)

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD
BERJAYA ASSETS BERHAD

Type Announcement
Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
Description Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce the dealing in the securities of the Company by an affected person, namely, Tan Sri Dato' Seri Vincent Tan Chee Yioun ("TSVT"), the Director/Chairman of Berjaya Times Square Sdn Bhd, a major subsidiary of the Company, as set out in the table below :
Direct Interest - Ordinary Shares (held through KDE Recreation Berhad)

Name of Affected Person Date of Purchase Purchase Price per Share (RM) No. of Ordinary Shares % of Ordinary Shares
Tan Sri Dato' Seri Vincent Tan Chee Yioun 10.7.2018 0.3705 800,000 0.031
Tan Sri Dato' Seri Vincent Tan Chee Yioun 11.7.2018 0.3704 700,000 0.027
The above ordinary shares were acquired through KDE Recreation Berhad, a company where TSVT is deemed to have an interest.
18/07/2018 11:34
Victor Yong Good sign, share buyback continues
18/07/2018 11:41
Victor Yong The group also has gaming biz in sarawak... below 40sen now is cheap, right? :)

Berjaya Assets Berhad was incorporated in Malaysia and was listed on the Main Board of Bursa Malaysia Securities Berhad on 17 August 1978.

Berjaya Assets is the developer of Berjaya Times Square, one of Malaysia’s largest retail and commercial projects which has now become an international landmark for Kuala Lumpur city. The group also owns Natural Avenue Sdn Bhd which is a number forecast operator in the state of Sarawak.
18/07/2018 11:45
Victor Yong I think the gambling biz in Sarawak will be disposed off soon... sultan Johor is one the major shareholders now.... shariah-compliant stock very soon :)
18/07/2018 12:02
Victor Yong It has property development near Singapore, not up?

http://www.klsescreener.com/v2/news/view/406697
19/07/2018 18:21
Victor Yong News, Less than one year ago..property project in johor. :)

Ahmad Naqib Idris / August 09, 2017
Berjaya Assets targets 70% occupancy for Berjaya Waterfront

KUALA LUMPUR (Aug 9): Berjaya Assets Bhd aims to increase occupancy of its Berjaya Waterfront development in Johor from 50% currently to 70% by year end, as the group expects to secure new tenants going forward.

Berjaya Assets executive director Koh Huey Min said it has been successful in refurbishing the asset, since acquiring it from Atlan Holdings Bhd for RM325 million in 2012.


She said the group has refurbished the development for less than RM20 million, and has been in talks with a few prospects from China since last year.

“Negotiations are still ongoing. We have also talked to the big brands at Berjaya Times Square which are keen to go in. We will definitely see some increment in occupancy — we are targeting to achieve approximately 70% by year end. With the new tenants, I am confident we can take it to the next level,” said Koh at an investor briefing yesterday.

She said the group has the right to reclaim another 55 acres (22.26ha) of seabed adjacent to the existing site, which will further enhance the development’s value. Koh said the environmental impact assessment has been secured, with the group currently in the midst of submitting the environment management plan and getting planning approval.

She added that the reclamation works can only start next year, as approval will only be secured within three to six months.


The group estimates a reclamation cost of less than RM200 per sq ft, significantly lower than the highest recorded transaction price of RM800 per sq ft for the area.

“Even if I were to give about 50% discount at RM400 per sq ft, we still have a value of about RM1 billion.

“And this is only looking at the value of the land. We have earmarked it for a mixed development project, comprising hotels, residential units and probably hospital facilities, which will definitely push the gross development value beyond RM1 billion.”

She said the reclamation works will take less than two years, but added that Berjaya Assets is not in a hurry to finish the development, considering current market conditions. The development will likely be completed phase by phase.


Asked if Berjaya Assets would consider injecting its assets into a real estate investment trust (REIT), Koh said the group will have to consider restructuring its borrowings to meet requirements for REITs, as well as whether the yields are attractive. She said maybe Berjaya Waterfront Sdn Bhd — which owns the Berjaya Waterfront development — could be turned into a REIT.

“The Berjaya Waterfront project is still light and has potential for growth because the occupancy rate is still at about 50%.”

This article first appeared in The Edge Financial Daily, on Aug 9, 2017.
19/07/2018 18:26
Victor Yong Since august last year, mentioned about selling its gambling biz to become shariah-compliant stock, I think this disposal will be announce or confirm anytime from now :)

Malaysia Berjaya Assets Aiming For One Billion Ringgit From Shoplot Sales-Official
August 08, 2017 14:53 JST
By Alexander Winifred
Nikkei Markets
KUALA LUMPUR (Aug 08) -- Berjaya Assets is aiming to get about one billion ringgit (233.4 million) from selling shop lots in iconic Berjaya Times Square building in Kuala Lumpur, and could use the cash to fund acquisition to power growth, its executive director said Tuesday.

"The company is in talks with parties to monetize the shop lot assets," Koh Huey Min said at an analyst conference.

"We're in talks with prospects from China" to take up more space at the company's Berjaya Waterfront hotel-to-shopping complex and is aiming for a 70% occupancy rate by the end of this year from the current 50%, Koh said.


The comments come as Berjaya Assets, controlled by lottery-to-retail tycoon Vincent Tan, plans to further diversify its business as revenue from its core gaming business continues to dwindle.

Revenue from the company's Natural Avenue unit, the largest lottery operator in Malaysia's Sarawak state, will be surpassed by income from property business in 2017, Koh said. The company plans to focus on its property and newly acquired auto assembly business even as it mulls exiting the gaming business to comply with Shariah rules, she added.

Shariah refers to Islamic law that among other things bans alcohol, charging of interest, speculation or benefiting to the detriment of the public good.

"We want to focus on the property and car assembly business, and at the same time, meet Shariah requirement," Koh said.

In May, Berjaya Assets completed the acquisition of Oriental Assemblers, which currently makes 40,000 vehicles mainly for the group. It could raise production by building a new plant on an existing land asset, Koh said without elaborating.

Berjaya Assets plans to start reclamation work on a Johor project in one-two years, Koh said.
- By Alexander Winifred; alexander.winifred@nikkeinewsrise.com; +603-20267363
- Edited By Abhrajit Gangopadhyay
- Send Feedback to feedback@nikkeinewsrise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.
20/07/2018 09:15
Victor Yong :p

CORPORATE DEVELOPMENTS
Oriental Assemblers
On 21st June 2016, Aroma Kiara Sdn Bhd, a wholly-owned subsidiary company of the Company entered
into a Share Purchase Agreement with Oriental Holdings Berhad, Oriental Rubber & Palm Oil Sdn Berhad,
Dato’ Syed Mohamad Bin Syed Murtaza, and Dato' Seri Haji Md Isahak Bin Md. Yusuf to acquire 100%
equity interest in Oriental Assemblers Sdn Bhd for a total cash consideration of RM32.5 million ("Proposed
Acquisition").
On 6th January 2017, the Company announced that the Share Purchase Agreement is now unconditional
upon the receipt of the approval from the Ministry of International Trade and Industry for the Proposed
Acquisition on 29th December 2016 and hence, the balance of cash consideration amounting to RM29.25
million being 90% of the consideration will be settled pursuant to the terms of the Share Purchase
Agreement. This transaction has since been completed on 1st June 2017.
Megaquest (NFO)
On 12th July 2016, Tropicfair Sdn Bhd, a wholly-owned subsidiary company of the Company had entered
into a Share Sale Agreement with Violet Circle Sdn Bhd to acquire the remaining 50% equity interest in
Megaquest Sdn Bhd for a total cash consideration of RM108.0 million. The said acquisition is still pending.
Foshan City Bureau of Commerce
On 13th July 2016, Berjaya Waterfront Sdn Bhd (“BWSB”), a wholly-owned subsidiary company of the
Company and Foshan City Bureau of Commerce (“FCBC”), the agency responsible for the commerce
development and management of the Government of Foshan City, Guangdong Province in China entered
into a Memorandum of Understanding (MOU) for Collaboration to foster trade and investment from Foshan
City to the South East Asia Duty Free Trade City (“SEADFTC”) project.
Under the MOU, both BWSB and FCBC will establish a framework for collaboration with progressive
discussions, exchange of information, and development and investment updates for the relevant
commercial initiatives. FCBC will organise trade visits to SEADFTC to explore and conduct trading and
investment activities with the intention of promoting this project as a strategic initiative for Foshan City
investors in Malaysia.
20/07/2018 09:38
Victor Yong possible for privatisation with such low price level now?
20/07/2018 16:34
Victor Yong Good, if bjassets privatise 7-eleven via share swap, etc. :)


According to a May 4 filing with Bursa Malaysia, Berjaya Retail Bhd disposed of 5.5 million shares on May 2, leaving it with a direct interest of 312.46 million shares or a 28.14% stake. The shares were acquired by Sublime Cartel Sdn Bhd, a wholly-owned unit of Berjaya Assets Bhd (BAssets), which saw its deemed interest rise to 58.22 million shares or 5.243% equity interest.

On May 7, a block of 130 million 7-Eleven shares was traded off market. The buyer was not known at press time but it could be BAssets as there is speculation that it may take 7-Eleven private.

A previous article by The Edge quoted sources as saying that BAssets — controlled by tycoon Tan Sri Vincent Tan — is contemplating the corporate exercise and that the diversified group is likely to continue increasing its stake in 7-Eleven to double digits.

As at April 20, Tan’s direct stake in BAssets was 826.74 million shares or 32.32% while his in-direct interest was 750.59 million shares or 29.34%.
20/07/2018 17:57
Victor Yong Good also, if bjassets spin off berjaya times Square as REITs :)



In light of the challenging outlook, Previndran recommends that companies streamline asset holdings, and divide them between core and non-core assets while reviewing their loans. For property development companies that have investment properties, he recommends placing them in a real estate investment trust, or finding ways to monetise them.

PETALING JAYA: The market may have begun to show signs of improvement following the Malaysian General Elections, but it is still too early to cheer.

Real estate consultant Zerin Properties CEO Previndran Singhe is expecting challenging times in the near future, especially at the corporate level.

Previndran told EdgeProp.my that the ongoing US-China trade war, rising concerns over risks of another financial crisis, and the ongoing restructuring exercise by the new Malaysian government are just some of the issues that could lead to market fatigue and pose a threat to companies.

“I think there is going to be a spin-off effect [from the US-China trade war] because we are part of the supply chain for China. You are going to see some companies experience tough times, especially commencing November and December.

“The market will be fatigued. This cannot be helped, but it will be a short-term pain that we all have to go through,” he said, adding that the “short-term pain” could last at least 12 months before the dust settles.

He cited instances of property developers who put their project launches on hold in order to wait for greater clarity and direction from the government. As a result, developers could face cash-flow issues while servicing debts. Small and medium enterprises could see their bottom lines hit by the US-China tariffs, and subsequently face problems paying off loans for their properties.

Total non-performing loans showed an increase of 6.68% to RM25.89 billion in May 2018, from RM24.27 billion as at end 2017.

In light of the challenging outlook, Previndran recommends that companies streamline asset holdings, and divide them between core and non-core assets while reviewing their loans. For property development companies that have investment properties, he recommends placing them in a real estate investment trust, or finding ways to monetise them.

Meanwhile, he said, it would be a good time for real estate agencies and consultancy firms to innovate, in order to meet the needs of these companies.

Taking into account the changing needs of corporations in such challenging times, Zerin Properties recently introduced Zerin Capital, to offer corporate real estate services such as loan restructuring, corporate real estate mergers and acquisitions (M&A), real estate financial consultation, and real estate restructuring to help companies preserve current value and create
future value.

“There will be a lot of opportunities for real estate firms. But it is going to be tough for them if they want to stick to traditional methods.”

This story first appeared in the EdgeProp.my pullout on July 20, 2018. Download EdgeProp.my pullout here for free.
20/07/2018 18:00


 

414  333  575  613 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 MYEG 1.24+0.12 
 IWCITY 0.81+0.065 
 NOVA 0.76+0.21 
 HSI-H4I 0.65-0.05 
 HSI-C3N 0.345+0.02 
 GKENT 1.47+0.06 
 MRCB 0.710.00 
 AAX 0.38+0.025 
 HSI-C3O 0.465+0.03 
 UCREST 0.405+0.03 
Partners & Brokers