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2022-02-18 13:16 | Report Abuse
The owner of Icelandair hotels is Berjaya Land Berhad. The sales agreement with Icelandair was finalized at the beginning of 2021, but the first part of the contract went through already in 2019. The chairman of the board of directors in Iceland is Tryggvi Þór Herbertsson.
The company will introduce rebranding and name changes to the parent company and the Icelandair Hotels chain in the second half of 2022.
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2022-02-18 09:43 | Report Abuse
BJLand是下一个？
https://www.klsescreener.com/v2/news/view/952027
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2022-02-18 09:42 | Report Abuse
BJLand是下一个？
https://www.klsescreener.com/v2/news/view/952027
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2022-02-17 08:15 | Report Abuse
所有 bj 公司都已经盈利!
https://www.klsescreener.com/v2/news/view/951375
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2022-02-11 10:28 | Report Abuse
bjfood 有戏...bjcorp 和 bjland 会是下一个吗？
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2022-01-24 14:05 | Report Abuse
(11) In future threads under #BcorpUpClose I will zoom in on each business and give an introduction of what it does and what we are thinking about competition and operations. This thread was to introduce what we have first.
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2022-01-24 14:04 | Report Abuse
(11) What is NOT owned under Berjaya Corp (this is FAQ)
• Berjaya Times Square - owned by Berjaya Assets Berhad, which is separately listed
• 7-11 & Caring - owned by separately listed 7-11 Malaysia Berhad)
• Football clubs - Cardiff, KVK & Sarajevo
• U-Mobile
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2022-01-24 14:02 | Report Abuse
(10) Past one year we have been busy doing internal housekeeping and focusing more on divestment to make the group leaner and more focused. I had envisaged my first year to be reorganising, restructuring and getting it focused. Year 2 & 3 will be growth & acquisition
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2022-01-23 21:46 | Report Abuse
Abdul Jalil Abdul Rasheed
CEO, Berjaya Corp Bhd
In the corporate world, it may take gumption for a family-run business to pass the baton to an outsider. Berjaya Corp Bhd (BCorp) is one company that took such a bold step to restructure its business.
Last April, founder Tan Sri Vincent Tan Chee Yioun took a non-executive role, having been redesignated as non-executive chairman, from executive chairman. This came after Abdul Jalil Abdul Rasheed, former president and CEO of Permodalan Nasional Bhd, was appointed as BCorp CEO in March.
The conglomerate then unveiled a three-year strategic plan to become an institutionalised high-performing consumer group with focused core business segments. Another goal is a massive cut in its debt by half to RM2.5 billion within the next three years, through asset or business disposals as well as dividend payments from its listed subsidiaries.
Execution will be key for BCorp to address its legacy issues, including the complicated corporate structure, related-party transactions as well as cross-ownerships among listed and non-listed entities. These factors had led to a lack of interest in the trading of BCorp shares.
While there were some disposals of non-core assets, the market had anticipated a more drastic move by the group to streamline its business structure.
Notably, Jalil Rasheed had publicly shared the intention to privatise Berjaya Land Bhd and sell Berjaya Sports Toto Bhd as well as to set up a hospitality real estate investment trust (REIT), though the board was quick to clarify that these plans had not been deliberated.
It will be interesting to see how the restructuring exercise will translate to its financials. — By Lee Weng Khuen
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2022-01-23 17:23 | Report Abuse
.. under Environment, we own Berjaya Enviro Holdings which does:
• landfill
• river cleaning
• recycling
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2022-01-23 17:22 | Report Abuse
.. under Financial Services, we own the following:
• InterPacific Asset Management (fund management)
• InterPacific Securities (stockbroking)
• Chailease (30% stake)
• Berjaya Sompo General Insurance (30% stake)
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2022-01-23 17:21 | Report Abuse
(9) Services - we have some segments given the breath of what ‘services’ is. We have:
• Gaming
• Digital - Redtone
• Financial Services
• Environment
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2022-01-23 17:20 | Report Abuse
(8) Hospitality - we own hotels in:
• Iceland
• UK
• Japan
• Seychelles
• Sri Lanka
• Vietnam
• Philippines
• Malaysia
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2022-01-23 17:19 | Report Abuse
(7) Property consists of development & investments (rental income). We have land in Selangor, Penang, Johor, Pahang & KL. Advantage here is that most of it were bought long time ago so we can wait for right time to develop it...
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2022-01-23 17:18 | Report Abuse
(6) Retail (Food) is what Berjaya Food Berhad is today. We ahve the following brands under that:
• Starbucks
• Krispy Kreme
• Kenny Rogers
• Simply Good - vegetarian
• Sala - vegan tex mex
• Kelava - vegan ice cream
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2022-01-23 17:18 | Report Abuse
(5) Under Retail (Non-Food), we have:
• Cosway
• Country Farms
• HR Owen
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2022-01-23 11:31 | Report Abuse
(4) We have now identified the following as our business focus:
• Retail (Non Food & Food)
• Property
• Hospitality
• Services - (Digital, Gaming, Financial Services & Environment)
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2022-01-23 11:27 | Report Abuse
(3) Previously BCorp had everything and anything. But last one year we identified what sector verticals we want to be in and focused on that. The pandemic also made us realise that whilst a diversified portfolio helped mitigate risk, having a focused one also mattered
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2022-01-23 11:26 | Report Abuse
(2) BCorp’s corporate office function (where I sit) is responsible for monitor performance of companies, capital allocation & new investments. The aim is not to have all our companies following cookie cutter approach. They each need to have their own culture and process
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2022-01-23 11:25 | Report Abuse
(1) BCorp is an investment holding co - which means its primary business is owning other companies. We don’t operate any companies from BCorp level. All our companies ahve their own Boards and mgmt who take care of daily operations.
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2022-01-23 11:24 | Report Abuse
10 months into my my role at Berjaya Corp (BCorp), I get many questions about businesses, some of which we dont even own. So thought I’ll do series of threads to explain what the BCorp owns, how Group looks like now and how it’ll look like in future #BCorpUpClose
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2022-01-22 18:40 | Report Abuse
Raya GreenPow soon?
https://www.nst.com.my/property/2022/01/764216/jalil-rasheed-provides-updates-10-months-his-role-bcorps-group-ceo
#BCorpUpClose
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2022-01-22 11:12 | Report Abuse
Raya GreenPow soon?
https://www.nst.com.my/property/2022/01/764216/jalil-rasheed-provides-updates-10-months-his-role-bcorps-group-ceo
#BCorpUpClose
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2022-01-13 16:03 | Report Abuse
However, before we do that, I need to highlight something first. If you recall, my BJCORP investment thesis in Part 1 did not promise a 3,000% return - in fact, it merely justified how an investor in BJCORP’s shares today could achieve a 300% return. That stark 10x gap was the difference between the latter’s base-case scenario’s valuation, and the former’s blue-sky scenario’s valuation.
Hence, while I do think that it is possible for BJCORP to attain its fabled 3,000% upside, I want to make it clear that I’m not saying that it is definitely going to happen. While I’m pretty confident about the investment thesis behind the 300% upside, I only believe that this 3,000% upside thesis is just that - a blue-sky scenario investment thesis. It will work in the best of circumstances where all the stars align, but you shouldn’t be counting your chickens on it hatching.
Having said that, we don’t even need this 3,000% upside to materialize in order to justify an investment in BJCORP’s shares today. Remember, the 300% upside thesis is fairly likely to materialize - as I’ve quite clearly demonstrated in Part 1. Furthermore, as I’ve also shown there, there is also very little risk inherent in the investment idea on top of that. Just because we only get a 300% upside and not 3,000% doesn’t mean that we shouldn’t be grinning from ear-to-ear - that’s still a 5-year CAGR of 25%.
However, as we’ll see below, neither does that mean that the potential for a 3,000% upside is unlikely. In fact, I think there’s a pretty decent chance of it, even if it doesn’t actually end up materializing. Like I mentioned earlier, all I’m saying is don’t count your chickens before they hatch. Only expect a 300% upside from this investment - but if you do eventually get the 3,000% upside, consider that a bonus from papa Buffett.
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2022-01-19 11:31 | Report Abuse
EQUITY
✨ BJCORP and the Mythical 3,000% Upside - Part 4
How BJCORP can potentially challenge Shopee Malaysia for the domestic e-commerce marketplace crown
Aaron Pek
Jan 17
Over the past several equity research reports about BJCORP, we explored the conservative base-case investment thesis for BJCORP with a 300% upside - and performed a deep-dive three statement analysis into the conglomerate.
However, until now we have omitted the low-probability blue-sky scenario investment thesis with a 3,000% upside - which we first discussed in Part 1. However the stratospheric upside warrants that we at least explore its feasibility.
In this report, we shall do some spelunking into how BJCORP could potentially pull together the dizzying array of business assets under its stable to form a credible challenger to the domestic e-commerce arm of SEA Ltd - Shopee Malaysia.
We also perform a cursory valuation analysis which attempts to determine whether attaining a 3,000% upside in this scenario is realistic or not. Spoiler: it is.
In my Part 1 report, we saw how BJCORP’s newly minted CEO Jalil publicly opined in a radio interview that he thought BJCORP’s intrinsic value was worth closer to RM 7.50 per share. The obvious spanner in the works here is that that valuation stands in stark contrast to BJCORP’s current share price of just RM 0.25 per share - implying that there exists a potential 3,000% upside.
Since then, I’ve also been repeatedly hinting at how I thought that one of their listed Berjaya companies SEM (7-11 Malaysia) was the Rosetta Stone under Berjaya’s huge stable of assets which could potentially unlock this magnificent upside. Just to illustrate how colossal a 3,000% upside is, that’s a 222% CAGR even if it took them 10 years to unlock this stratospheric valuation. You could invest $50,000 today and retire a millionaire (post-inflation) after 10 years - without having to lift a finger in between.
In this final conclusion to wrap up our bottomless analysis into BJCORP over the past month, we are going to explore how this mythical otherworldly upside could potentially be achieved.
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2022-01-19 11:30 | Report Abuse
However, before we do that, I need to highlight something first. If you recall, my BJCORP investment thesis in Part 1 did not promise a 3,000% return - in fact, it merely justified how an investor in BJCORP’s shares today could achieve a 300% return. That stark 10x gap was the difference between the latter’s base-case scenario’s valuation, and the former’s blue-sky scenario’s valuation.
Hence, while I do think that it is possible for BJCORP to attain its fabled 3,000% upside, I want to make it clear that I’m not saying that it is definitely going to happen. While I’m pretty confident about the investment thesis behind the 300% upside, I only believe that this 3,000% upside thesis is just that - a blue-sky scenario investment thesis. It will work in the best of circumstances where all the stars align, but you shouldn’t be counting your chickens on it hatching.
Having said that, we don’t even need this 3,000% upside to materialize in order to justify an investment in BJCORP’s shares today. Remember, the 300% upside thesis is fairly likely to materialize - as I’ve quite clearly demonstrated in Part 1. Furthermore, as I’ve also shown there, there is also very little risk inherent in the investment idea on top of that. Just because we only get a 300% upside and not 3,000% doesn’t mean that we shouldn’t be grinning from ear-to-ear - that’s still a 5-year CAGR of 25%.
However, as we’ll see below, neither does that mean that the potential for a 3,000% upside is unlikely. In fact, I think there’s a pretty decent chance of it, even if it doesn’t actually end up materializing. Like I mentioned earlier, all I’m saying is don’t count your chickens before they hatch. Only expect a 300% upside from this investment - but if you do eventually get the 3,000% upside, consider that a bonus from papa Buffett.
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2022-04-03 12:38 | Report Abuse
EQUITY
✨ BJCORP and the Mythical 3,000% Upside - Part 4
How BJCORP can potentially challenge Shopee Malaysia for the domestic e-commerce marketplace crown
Aaron Pek
Jan 17
Over the past several equity research reports about BJCORP, we explored the conservative base-case investment thesis for BJCORP with a 300% upside - and performed a deep-dive three statement analysis into the conglomerate.
However, until now we have omitted the low-probability blue-sky scenario investment thesis with a 3,000% upside - which we first discussed in Part 1. However the stratospheric upside warrants that we at least explore its feasibility.
In this report, we shall do some spelunking into how BJCORP could potentially pull together the dizzying array of business assets under its stable to form a credible challenger to the domestic e-commerce arm of SEA Ltd - Shopee Malaysia.
We also perform a cursory valuation analysis which attempts to determine whether attaining a 3,000% upside in this scenario is realistic or not. Spoiler: it is.
In my Part 1 report, we saw how BJCORP’s newly minted CEO Jalil publicly opined in a radio interview that he thought BJCORP’s intrinsic value was worth closer to RM 7.50 per share. The obvious spanner in the works here is that that valuation stands in stark contrast to BJCORP’s current share price of just RM 0.25 per share - implying that there exists a potential 3,000% upside.
Since then, I’ve also been repeatedly hinting at how I thought that one of their listed Berjaya companies SEM (7-11 Malaysia) was the Rosetta Stone under Berjaya’s huge stable of assets which could potentially unlock this magnificent upside. Just to illustrate how colossal a 3,000% upside is, that’s a 222% CAGR even if it took them 10 years to unlock this stratospheric valuation. You could invest $50,000 today and retire a millionaire (post-inflation) after 10 years - without having to lift a finger in between.
In this final conclusion to wrap up our bottomless analysis into BJCORP over the past month, we are going to explore how this mythical otherworldly upside could potentially be achieved.
Stock: [BJCORP]: BERJAYA CORPORATION BHD
2022-03-10 10:16 | Report Abuse
https://focusmalaysia.my/will-bcorp-investors-buy-into-jalils-big-dream/