Icon8888 Gossips About Stocks
(Icon) Berjaya Corp (1) - Strikes Gold In Vietnam. Time To Revisit
(Past 5 years)
(Past 1 year)
On 20 January 2016, Berjaya Corp announced that it has been officially awarded by the Vietnamese Government the exclusive right to invest in and operate a nationwide computerized lottery in Vietnam for 18 years.
The project will be implemented via subsidiary Berjaya GTI.
BJCorp and Bursa listed Berjaya Sports Toto will own effective interest of 40% and 10% in Berjaya GTI respectively. The remaining approximately 50% is owned by Vietnamese Government.
The project is the result of competitive bidding among five international gaming companies. Berjaya GTI will roll out the first game in mid 2016 and targets to finish setting up the entire network comprises 10,000 terminals within a period of 5 years.
The entire project is expected to cost USD211 mil (RM919 mil).
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=70668&name=EA_GA_ATTACHMENTS
Concluding Remarks
(a) Due to lack of focus, erratic earnings, inefficient assets utilization and other factors, BJCorp has over the years fallen off the radar of investors. In my opinion, many people have not noticed this latest corporate development. We are still at early stage of price discovery.
(b) Malaysia has a population of 30 mil and 3 major number forecast operators (and numerous illegal operators). I don't have the exact market share of Berjaya Sports Toto. However, let's just assume its market share is 40%. That will translate into 12 million population. Based on that market share, Berjaya Sports Toto generated average net profit of RM367 mil per annum over past 5 years.
Based on BJCorp's 40% effective interest in Berjaya GTI and Vietnam's 90 mil population, pro forma market share is 36 mil people, 3 times that of its market share in Malaysia.
Based on 2013 figures, Vietnam's GDP per capita was approximately USD2,000, 20% of Malaysia's GDP per capita of approximately USD10,000. There is plenty of room for growth.
(c) As shown in the chart above, at current price of 40 sen (market cap of RM2 billion based on 5 billion shares), BJCorp is trading at trough valuation. The lowest price registered was in January 2016 when it traded at 34 sen.
Berjaya GTI will roll out its first game in mid 2016. Should we buy now or should we wait for the new earning stream to trickle in ? Unfortunately, nobody has the answer for that. We all have to make our own decision.
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Discussions
4 people like this. Showing 50 of 90 comments
10% gain in bear mkt within a week. on huge qtty. tell me if u put in 1 million how much u made?
100k.
if u put in 5 million?
500k.
have u seen that kind of money in your bank account? bro Murali.
2016-02-11 21:00
I hv some mother with me now.c hows the next q goes....hows yr trading lately?
2016-02-11 21:06
doing ok Murali. cannot complain already with such global setting.
u see many pump n dump collapse like no tomorrow,
2016-02-11 21:08
Cannon behind horse optimus wakakaka...ya ya i bot 34...everyone sure believe me wakakakaka.
2016-02-11 21:09
i m trying to contact to KYY with the objective of asking him to donate built another division of Tg Rambutan phase 2. as i see many ppls like Specialist needing to lock up inside for the safety of all.
2016-02-11 21:11
icon bro,let's play chinese chess...i cheong you with cannon behind horse.
2016-02-11 21:12
wakakaka cannon behind horse = boom boom boom aka boom boom pow.
better you sing boom boom pow for us...and do the optimus dance...wakakaka.
2016-02-11 21:21
Desa become who's Desa???
No more in i3. After his mentor regret not to sell. Hahahaha.
2016-02-11 21:22
Koon bee u got buy bjcorp or not?menang bersama sama,rugi pun bersama-sama...as quoted in Ola Bola...
2016-02-11 21:25
I am very anchored. No margin accounts, decent companies, I have nothing to fear. I have always managed to rescue my portfolios.
This time no exception. And if I sell every thing lost 10% ....what big deal?
......
these few days running around like headless chicken, his stocks all bleeding like stock take. Paperplane also lost he pants because he sai Lang at KESM in anticipation of RM16
As for cannon behind horse, he only knows how
2016-02-11 21:26
we are burning stacks of cash to keep ourself warm here, we are stuck in taipei sun moon lake. very cool now.
2016-02-11 21:33
What you talk....my Keinhin and Scientex still above cost....
Little bit of lost in Chinwell, Kesmi is nothing....within 30 days I will be showing huge profits......many ways of doing that.
2016-02-11 21:57
Moneysifu spot on koon bee. He lose his pants wet wet liao. Now only can imagine he win. Poor fellow. I huat liao in bjcorp and pmcorp. I tell u next is prkcorp. No need wait tht conman lter write article. I can sure he will right later on prkcorp following me. See his poor _12% return. Poor guy.
2016-02-12 08:54
Koon bee, no vlugar laguage? Cny mh, show some vulgar. No leanr from your sifu icon8888??
2016-02-12 08:56
where got strike gold? as for shares, it is all about dividend yields!!!! i will only believe when i saw the dividend announcement and not calvinteng or icon888
2016-02-12 11:52
paperplane earn RM500 in BJcorp, but he lost RM5000 in KESM, not sure why he still so happy.
2016-02-12 15:18
10bagger10, I would never say I am counting cash, money or blah blah blah.
I won some & also I lost some. I do not declare myself as winner nor loser.
2016-02-12 18:48
took profit for cz which bought @ 0.075, quick 40% profit in 1 week, follow the smell of money, it was a easy trade, hihihi
2016-02-15 15:27
No much meaning on my name, i just want everyone call me SIFU, even though they do not agree with my points & I did not write anything or share anything.
There are many people like that, so I want to be like that also. kekeke
2016-03-09 16:16
Sifu icon, wht u think abt bjcorp ? Will it perform well in coming qr? I need ur opinion with thx so much..
2016-06-22 12:41
I average down recently at 36 sen
BJCorp result has never been good. Don't bother too much about the coming Q. If you buy, that is because of its depressed price level as well as Vietnam potential
2016-06-22 12:46
Noted wif thx sifu icon...i oso holding at .37 bcoz i refer bek (icon) bjcorp(1) and i believe its project will runing well in vietnam..
2016-06-22 13:13
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
murali
Bought 0.37 n sold at 0.40/0.41 n laugh all the way to the banks???
2016-02-11 20:58