Highlights
KLSE: BJLAND (4219)       BERJAYA LAND BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.175   0.00 (0.00%)  0.175 - 0.18  402,200
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Overview

Market Cap: 875 Million
NOSH: 5,000 Million
Avg Volume (4 weeks):1,229,270
4 Weeks Range:0.16 - 0.185
4 Weeks Price Volatility (%):
60.00%
52 Weeks Range:0.105 - 0.24
52 Weeks Price Volatility (%):
51.85%
Average Price Target: 0.77
Price Target Upside/Downside: +0.595
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2020 [#3]  |  09-Jun-2020
Next QR | Est. Ann. Date: 30-Jun-2020  |  27-Aug-2020
T4Q P/E | EY: 21.90  |  4.57%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.8582  |  0.20
T4Q NP Margin | ROE: 3.12%  |  0.93%

Headlines

Date Subject
01-Jul-2020 PublicInvest Research Headlines - 1 Jul 2020
15-Jun-2020 Mplus Market Pulse - 15 Jun 2020
28-May-2020 PublicInvest Research Headlines - 28 May 2020
28-May-2020 Mplus Market Pulse - 28 May 2020
27-Apr-2020 Mplus Market Pulse - 27 Apr 2020
13-Apr-2020 PublicInvest Research Headlines - 13 Apr 2020
11-Apr-2020 Berjaya waives rental for retail tenants until April 14
06-Apr-2020 PublicInvest Research Headlines - 6 Apr 2020
23-Mar-2020 成功置地会私有化吗? 为何被低估?
10-Feb-2020 PublicInvest Research Headlines - 10 Feb 2020
10-Feb-2020 Mplus Market Pulse - 10 Feb 2020
04-Sep-2019 PublicInvest Research Headlines - 4 Sept 2019
04-Sep-2019 Mplus Market Pulse - 4 Sept 2019
03-Sep-2019 PublicInvest Research Headlines - 3 Sept 2019
24-Aug-2019 BJLAND 还是过渡低估,虽然外围股市动荡,对该股的影响甚微,会震掉一些惊弓之鸟。
23-Aug-2019 Daily Technical Highlights – (KOMARK, BJLAND)
22-Aug-2019 Evening Market Summary - 22 Aug 2019
22-Aug-2019 PublicInvest Research Headlines - 22 Aug 2019
20-Aug-2019 股东有大动作?成功置地逆市走高
19-Aug-2019 Stocks on Radar - Berjaya Land (4219)

Business Background

Berjaya Land Bhd is a Malaysian company which operates in gaming and lottery management, motor retailing, hotels and resorts, recreation development, vacation timeshare and property investment and development. Its core business includes - operations of Toto betting, leasing of online lottery equipment, and the manufacture and distribution of computerized lottery and voting systems, motor vehicle dealership, repairs and maintenance and aftersales services. It also provides development of residential and commercial properties, management and operations of hotels and resorts operations of recreational clubs, vacation timeshare and air charter business. Most of the group's revenue comes from Toto betting and motor vehicle dealership activities in Malaysia and also in UK, Korea and others.
Trade this stock for as low as 0.05% brokerage. Find out more.

  2 people like this.
 
simon2020 stockraider you are right, BJLand will receive RM446 million cash compensation from JDC & Korean Government by mid August in time for next Qtr. report.

stockraider Rm 50m profit consider reasonable plus alot of cash coming to bland coffer loh....!!

"Berjaya Corporation Berhad, a Malaysia-based corporation which controls a wide array of businesses, agreed to drop a five-year-old damage suit against the Jeju Free International City Development Center (JDC), a state organization which had launched a project to build the Yerae resort complex in Seogwipo in the southern part of Jeju Island.

Through a series of negotiations, Berjaya agreed to accept 125 billion won ($104 million) in compensation by the middle of August in return for transferring all the business rights of the Yerae complex, which was part of various development projects pursued by the special government-controlled corporation to turn the semi-tropical volcanic island into a major tourist destination in Asia"

https://english.nna.jp/articles/17630
04/07/2020 11:45 AM
Eddysurge 這些錢是永遠不夠發展開銷的啊!何來利息可原!然道等著,等著又是另一個發展長期項目1
04/07/2020 12:11 PM
Bettyem VT非常聪明,在不确定时期接受现金来自JDC!
http://english.hani.co.kr/arti/english_edition/e_business/952233.html
04/07/2020 1:21 PM
miniminer *******
钱多低调求自保,他人死由他人去,
自古金山带不去,唯有跟他斗命长!
留芳遗臭自做受,恩德恶果定三代,
前提后示诱觉悟!
04/07/2020 1:25 PM
Leong1982 Many retiree uncles aunties are crying over their retirement money invested in BERJAYA shares...
they trusted the wrong guy
04/07/2020 1:36 PM
OceanSky STC Law-suit,

The hearing of the FC Leave Motion and the application for stay as well as the Main Appeal were
postponed, due to the Movement Control Order ("MCO") which came into effect on 18 March 2020.

The Federal Court has now fixed the hearing of the FC Leave Motion on 6 July 2020.

The Court of Appeal has now fixed the hearing date for the stay application on 2 July 2020.

A case management date for the Main Appeal has been fixed for 9 July 2020 by the Court of Appeal.

The STC Proposals proceedings are still ongoing.
04/07/2020 1:56 PM
Paulnga Win also price up half sen, this is the VT ability, I think compare with Top Glove, BJ is only kacang putih!
04/07/2020 2:37 PM
Eddysurge 從JDC發展項目來探討,成功置地的小股東們也感概身受其害,那裡來的聰明之說。老板還跳船呢,將高價股票轉手給成功集團。
04/07/2020 2:43 PM
wantanmi Yup! BJLand share price was 60sens or more when JDC Jeju project was suspended in 2015. Now everything is clear and at least RM465.5M compensation from JDC in August, RM600M from GMOC. A total of RM1.065b Billion coming back to BJLand the price will recover faster than BJCorp...

OceanSky Refer to BLand latest closures again.

1. For GMOC, total proceeds shall be of RM600 million (inclusive of interests);
Less it's liability of RM108 million; gross inflow to BLand (with partners) is RM492 million;
Less 49% minority interest; nett inflow to BLand is RM251 million.

2. For Jeju case, total proceeds is not disclosed, let assume is at RM600 million (around there);
Less it's liability of RM112 million; gross inflow to BLand (with partners) is RM488 million;
Less minority interest; nett inflow to BLand is RM362 million.

3. Therefore, in BLand book receivable, it shall be RM1,200 million;
Par down of liability is RM220 million;
Less minority interest, of RM367 million;
Nett inflow to BLand is RM613 million.

With above re-phasing, it shall be better clarity for all.
04/07/2020 3:37 PM
Paulnga Cash rich company with hopeless management!
04/07/2020 4:40 PM
kahhoeng Truth is, 59 million profit from the Jeju Settlement is a huge disappointment if one recall what VT and his son mentioned in the AGM. VT and his son sounded as if the settlement will be huge, and a 59 million net profit is like peanut-sized bone thrown to dog by South Korean government after dragging the issue for years. Anyway, at least the issue is settled and BLand can move on.
04/07/2020 11:15 PM
Paulnga I think with many empty promises, VT has downgraded himself from business tycoon to only a fortune teller.
05/07/2020 1:11 PM
birkincollector hehe i think VT probably bought many shares of TOPGLOVE few months back since TG boss his kaki so he knew good profits etc before us.....probably earn hundred of millions..better than the korea government compensation lor
05/07/2020 1:15 PM
stockraider I think Tan Sri Wee is quietly collecting bland since VT his kaki....expecting to make millions....knowing the value of bland mah...!!

By making a killing in bland, using a not a very big capital...it would enhance WEE's wealth even more mah...!!
05/07/2020 1:27 PM
wantanmi Yup! You may be right...Public shareholding in March was only 3% in March. After selldown by Goldman Sachs & Macquarie Bank, public shareholding has increased to 10.8%. Somebody with deep pockets has been accumulating BJLand shares recently for what?
05/07/2020 1:58 PM
Eddysurge Someone is liar 說謊. According my humble guess, This 15% left by bursa few months ago, actually can sought by benefiter, but he kept the game going and going.
05/07/2020 4:20 PM
kahhoeng err... difficult to comprehend what you guys are discussing. you guys were suggesting that most of the 14.+% free floating shares are mostly in the hand of VT and his buddies hands but still kept at low level? For what???
05/07/2020 4:59 PM
kahhoeng VT mentioning about selling a hotel in Vietnam, probably this one?

a 50% ownership in Berjaya Hotay Joint Venture Company Limited Vietnam, five star hotel and provision of related services

Group 30.6.2019 RM'000
Non-current assets 202,628
Current assets 8,186
Non-current liabilities (107,230)
Current liabilities (22,289)
Net assets 81,295
05/07/2020 5:18 PM
wantanmi Yup!... The visual proof is in the pudding.. on changes in BJLand Public Shareholding from 21 March to 5 July 2020.

BJLand Public Shareholding of 3% taken on 21 March vs Public Shareholding of 10.8% taken on 5 July 2029

https://ibb.co/6b9TtHL
https://ibb.co/crjqbC0

BJLand Top 18 Shareholders with Macquarie Bank still holding 4.93% & Goldman Sachs 2.59% before sold down on 21 March 2020 vs Top 18 Shareholders without Macquarie Bank & Goldman Sachs taken on 5 July 2020

https://ibb.co/DK7sT0Q
https://ibb.co/DGNXYvr
05/07/2020 5:30 PM
wantanmi btw Public Shareholding for above instance means General Public Shareholding in the screenshots of BJLand Ownership mentioned above.
05/07/2020 5:38 PM
kahhoeng err... this at best saying institutional buyers have sold their BLand, no mention about who's holding them. This could also explain why the price is lower, i.e., institutional investors selling down to clear their position?
05/07/2020 6:13 PM
Eddysurge This only explained the foreigners fund are leaving the stake holding, replaced by general public holding? Right! Yes or No.
05/07/2020 6:15 PM
gangnam Lol...Bro Macquarie Bank is a known collaborator with Penta who is Uncle Tan associate and also structured warrant issuer for Berjaya group loans while Goldman Sachs was a previous Berjaya collaborator currently having issues with IMDB compensation with US Justice Department & also Malaysia? Hence the selldown by this group which Uncle Tan could't resist to buy in March..
05/07/2020 6:43 PM
Eddysurge Goldman Sachs & Macquarie Bank sold their stake holding through open market ? Unless The benefiter decline to accept due to too priced. And if they sold at open market, you know who will bought eventually? Between this period, bjland didn't show any advantage prices. If the beneficiaries didn't buy means they are too kindly or they don't want to support the market price. But somehow operator supporting the market price but lower at least . Assuming someone behalf of someone bought, what's their motives?
05/07/2020 7:01 PM
kahhoeng Dear Lydia,

With reference to Jeju Court Settlement, may I confirm the amount that BJLand would receive through its 100% subsdiary BLCL will be KRW102.00 billion (approximately RM362.19 million)?
With reference to BLand FY 2017 annual report, the carrying net asset of BJeju is RM 521.325 million, of which equities attributable to owners of the parent is RM 378.475 million. How would this court settlement results in an estimated gain of RM 59 million. Or, was I wrong in that BLCL is actually receiving more than RM 378.475 million?

Thanks.

Best regards,
05/07/2020 9:06 PM
simon2020 I remember that there was partial payment by JDC of RM374.5M to BJLand's building contractors when Jeju Land Project was mutually terminated by BJLand & JDC in March 2016 (that's why no impairment provisions) with the remainder sum of RM646M of BJLand initial investment in the Jeju Island project to be recovered by court settlement.

Under court managed Settlement Agreement announced on 30 June 2020, all parties agree to resolve all disputes arising from the Jeju Project via payment by JDC comprising of:

RM443.88 + RM362.19 = RM806.07M, less the remainder sum RM646M for BJLand initial investment, JDC has paid extra (RM806.07 - RM646) RM160.07M over BJLand's initial investment?
05/07/2020 10:36 PM
stockraider U need to understand getting back all the capital, plus rm 59m profit is a great feat mah....bearing in mind bland nta is 80 sen but market share price only 18 sen mah...!!

Thus if the collection is completed & payout...bland should deserve a rerating mah...!!

Must give credit to VT for his hard & dedicated work, which is very difficult and challenging for fighting against the korean govt bravely mah...!!

Posted by kahhoeng > Jul 5, 2020 10:36 PM | Report Abuse

Initially, I thought there are 2 parts of compensation, one amounts to 443.88 million to BLCL and SSP, and another amounts to 362.19 million to BJR. After re-reading the announcement, it seems that the 362.19 million is the eventual amount that BLCL is receiving after all expenses are paid. The carrying net asset value of BJR is 521.325 million prior to the court case, of which BLCL's stake is worth 378.475 million.

Fainted, and VT is saying seeking "huge" compensation??? Yet, Lydia is telling me a net gain of 59 million is to be expected? Wonder which part of it that I am not understanding???
05/07/2020 10:45 PM
kahhoeng I guess that's why market is not excited over the news at all, really need to read extra carefully what BLand is announcing, I guess.
05/07/2020 10:48 PM
simon2020 That's why its important to insist in your email to Lydia that she provides the details on how she arrived at the 59M net profit or is it RM160M actual gain? in order to clear all confusion once for all and not a standard two liner in her earlier reply..
05/07/2020 10:49 PM
stockraider U should be excited mah...bland get more than rm 400m cash just on jeju case alone, but its mkt cap is less than rm 1b mah...!!

But market wants to see...monies actually collected & bank in...b4 it react with rerating mah...!!

They are still doubtful & skeptical whether bland can get the settlement proceeds loh....!!

Posted by kahhoeng > Jul 5, 2020 10:48 PM | Report Abuse

I guess that's why market is not excited over the news at all, really need to read extra carefully what BLand is announcing, I guess.
05/07/2020 10:55 PM
simon2020 You forgot to include another RM650M cash coming from successful GMOC Arbitration due from Beijing SkyOcean?
05/07/2020 11:08 PM
stockraider U r double counting mah...!!

How much debt is pare down after getting net of debts Rm 400m leh ??


"after paring down the debt", BLand will only receive about 400 million that can have an impact on BLand's balance sheet. BLand has short-term investment and deposits amounting to 745 million and total debt of 3,336 million (short-term debt 1,272 million and long-term debt 2,063 million). The total net debt is about 2,591 million, of which 835 million is due to BToto. So, total net debt BLand is owing should be about 1,756 million.

Posted by kahhoeng > Jul 5, 2020 11:03 PM | Report Abuse

Also, I took some time reading into BLand annual report, and I found BKDS, the Kyoto Four Seasons hotel, has a net asset value of 399.246 million, with a non-current and current liabilities of 948.295 million and 179.972 million, totalling 1128.267 million. Because BKDS is treated as an associate company of BLand, after paring down the debt, BLand will only receive about 400 million that can have an impact on BLand's balance sheet. BLand has short-term investment and deposits amounting to 745 million and total debt of 3,336 million (short-term debt 1,272 million and long-term debt 2,063 million). The total net debt is about 2,591 million, of which 835 million is due to BToto. So, total net debt BLand is owing should be about 1,756 million.

So, assuming BLand is receiving 400 million from Kyoto disposal and 362 million from Jeju settlement, BLand total net debt excluding Toto should still be about 994 million, a far off from debt free. My goodness, I was so wrong! Hopefully, someone can show me I am wrong...
05/07/2020 11:08 PM
stockraider Correctloh...must be pragmatic & rational mah...!!


Posted by simon2020 > Jul 5, 2020 11:25 PM | Report Abuse

While you are busy counting the debts, you must not forget they are backed by NTA of 86 sens per share or total assets of 4.3 Billion which are generating cash flow & profit for the company...



Posted by simon2020 > Jul 5, 2020 11:53 PM | Report Abuse

BJLand net debt of RM610M vsTotal Assets of RM4.3 Billion gives an Assets to Debt Ratio of only 0.0142% which is still low and manageable..

"A lower debt-to-asset ratio suggests a stronger financial structure, just as a higher debt-to-asset ratio suggests higher risk. Generally, a ratio of 0.4 – 40 percent – or lower is considered a good debt ratio".
06/07/2020 8:11 AM
Paulnga Dear shareholders, Remember this figure, NTA 86 sen and total assets 4.3 B when Ah Tan want to put BJland in his pocket, don’t let go cheap cheap!
06/07/2020 8:57 AM
Eddysurge I think bjland stake holders by minority within 10%, others is belonging to Cronies. The objective is to sell higher price. The only way minority can gain is through company support market price or privatisation.
06/07/2020 9:15 AM
bahai4453 Lol.... Dreamland from a "Balacan Corp"...cuma 0.18 ....lol..

NTA of 86 sens per share or total assets of 4.3 Billion which are generating cash flow & profit for the company...
06/07/2020 9:52 AM
WilburR2 https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066249

comments please
07/07/2020 9:11 AM
WilburR2 dividends or not?
07/07/2020 9:13 AM
kahhoeng err... email bland investor relation? doubt any of us here has any credibility to confirm if there's a dividend.
07/07/2020 9:53 AM
shortinvestor77 Those with confident will have it. No confident don't get it.
07/07/2020 2:27 PM
Paulnga Sell a lot of assets, accumulated a lot of cash, but don’t pay dividends and buy in more boss shares, this is VT’’s strategy to bully minorities share holder.
07/07/2020 2:56 PM
shortinvestor77 Ya, better leave this counter forever. Don't talk bad but still hanging here. We just want to laugh.
07/07/2020 3:49 PM
Leong1982 Many aunties uncles retirees got their retirement funds stuck in Berjaya counters.
Poor retirees everyday cursing the Operator!
07/07/2020 5:51 PM
wantanmi Yup!...interesting, more machais than others.
07/07/2020 7:18 PM
OceanSky Re-cap the corporate proposals (B7) and litigation (B9) of BjLand:

A. STC case, it has new hearing date of the Main Appeal on 2-9 July 2020, it made STC case will go on for some-times. BLand has pre-payment of RM230 million for STC development. (Pg 166, 12. Receivables, clause c. )

B. GMOC case closed, there is inflow of RM600 mil ++ (Group level)

C. BVFC and BVIUT case. The disposal nego started 4 June 2018. Value RM155 mil + others.
Once the deal closed, there is inflow of RM155 mil ++

B9. JDC Lawsuit, Jeju, case closed, there is inflow of RM600 mil ++ (Group level)


On top of the above, the additional could be:

1. Disposal of Sheraton Hotel at Hanoi, It could bring in inflow of RM500 mil ++.

2. Disposal of Four-Seasons Hotel at Kyoto. BjLand only can declare RM225 million share of profit, as it is an associated company of BLand.
Please noted that neither asset nor liability of Four-Seasons Hotel Kyoto is registered in BLand Balance Sheet.
It was miss-interpretation to register it's Book value at BLand level.

Summary of BLand (Group Level) cash inflow:
1. STC pre-payment, RM230 million
1. GMOC, arbitration, RM600 million
2. Jeju JDC law-suit, RM600 million
3. BVFC and BVIUT, RM155 million
4. Sheraton Hotel, Hanoi, RM500 million
5. Four-Season Hotel Kyoto, RM225 million.

Total cash inflow, RM2,310 million.
08/07/2020 9:00 AM
OceanSky Further study on BLand (Group Level) total borrowings:

Total borrowings:
1. FY-2019, 30-06-2019; total borrowings, RM2,980 million
2. FY-2020, 30-09-2019; total borrowings, RM2,990 million (Up only RM10 million from FY-2019)
3. FY-2020, 31-12-2019; total borrowings, RM2,130 million (Up RM150 million from FY-2019)
4. FY-2020, 31-03-2020; total borrowings, RM3,336 million (Up RM356 million from FY-2019)

Total long-term borrowings:
1. FY-2019, 30-06-2019; total L-T borrowings, RM1,648 million
2. FY-2020, 30-09-2019; total L-T borrowings, RM1,703 million (Up RM55 million from FY-2019)
3. FY-2020, 31-12-2019; total L-T borrowings, RM1,868 million (Up RM220 million from FY-2019)
4. FY-2020, 31-03-2020; total L-T borrowings, RM2,063 million (Up RM415 million from FY-2019)

From above, BLand long term borrowings are increasing very aggressively.
Plus the above cash inflow of RM2,310 million.

What will be next ???
08/07/2020 9:18 AM
kahhoeng 1.6 million shares sold at 0.175 after nobody want to buy?
08/07/2020 4:25 PM
roundcateye https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3067681

Interesting.
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=71860&name=EA_GA_ATTACHMENTS
10/07/2020 6:06 PM
mf Dr M will attempt vote of no-confidence against Muhyiddin at Parliament again next week
Syahirah Syed Jaafar
/
theedgemarkets.com

July 10, 2020 17:15 pm +08
10/07/2020 6:07 PM
bahai4453 KUB sells 40 pct stake in KUBE to Berjaya Group ... - BERNAMAwww.bernama.com › business › news
Jun 25, 2020 - It said the disposal consideration of RM80 million was arrived at on a willing buyer-willing seller basis and was within the valuation range ...
10/07/2020 6:43 PM


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