gangnam

gangnam | Joined since 2013-11-11

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Stock

2018-06-27 23:57 | Report Abuse

Lol.. that's a good one..but don't really have to open a new account just to comment..actually BJland ends FY18 in the red as forex rates, Sports Toto drag..

"Berjaya Land said it made lower operating profit during the quarter due to unfavourable foreign exchange translation effect as a result of the stronger ringgit (when it was 1 USD = 3.8722 MYR in for the qtr. Feb. - April) , besides higher prize payout that impacted profit contribution from Sports Toto Malaysia Sdn Bhd"

Next Qtr. results will be better as RM has become weaker again to 1 USD = 4.0240 MYR, a big difference of RM0.1518 which will lead to a big gain in profits..as most of the money coming back from China & Vietnam property sales is when RM is weak..also it's not everyday BJtoto pays a higher prize payout..otherwise everybody will buy lottery instead of play shares..

also there is a provision for impairment of RM223.80 million can be reversed in subsequent Qtrs..which may have nothing to do with BJcorp..considering that BJcorp sold an 85% stake in DSG Holdings Ltd, comprising 8.5 million shares, for RM265.99mil in cash and expected a RM108.29mil pre-tax gain to be recognised in this coming quarter (as DSG disposal has been completed on 25 June 2018)

“In spite of the comparable revenue, the group registered a significantly lower pre-tax profit for the current year under review, mainly due to impairment made on certain available-for-sale investments, assets held for sale and property, plant and equipment amounting to approximately RM223.8 million,”
http://www.theedgemarkets.com/article/berjaya-land-ends-fy18-red-forex-rates-sports-toto-drag
https://www.poundsterlinglive.com/best-exchange-rates/us-dollar-to-malaysian-ringgit-exchange-rate-on-2018-04-04

Stock

2018-06-27 20:31 | Report Abuse

Lol...actually whether BJcorp profit up or down...doesn't affect the share price as almost rock bottom..since there are still buyers..just buy low and hide behind Vt..and wait for his friend to make announcements..since of late..Vt likes to make a lot of press releases?

'Mahathir had also categorically denied claims that his government decided against scrapping the ECRL because “his friend Vincent Tan” held a stake in it'
https://www.malaysiakini.com/news/431565

Stock

2018-06-27 19:52 | Report Abuse

*Note A3 - Investment related (expenses)/income (60,345)
Due to:
Fair value changes through profit or loss investments (851)
Impairment of available-for-sale of quoted equity investments (16,850)
Impairment in value of an associated company (277)
Impairment loss on assets held for sale (30,246)
Impairment of property, plant and equipment (11,818)
Gain/(Loss) on partial disposal of interest in an associated company 27
Gain on disposal of interest in a subsidiary company -
Gain/(Loss) on disposal of quoted investments 757
Provision for impairment on balance of GMOC Project
sales proceeds * -
Fair value changes of investment properties (108)
Others (979)

* Note B5 - (Loss)/Profit before tax is stated after charging/(crediting):
Interest income (15,512)
Dividend income (615)
Other income excluding dividend and interest income (9,666)
Depreciation of property, plant and equipment 24,182
Gain on disposal of property, plant and equipment (529)
Gain on disposal of interest in a subsidiary company -
Amortisation of intangible assets 6,121
Impairment loss on receivables -
Provision for and write off of inventories 296
Net foreign exchange loss 28,915
Impairment of available-for-sale of quoted equity investments 16,850
Fair value changes of fair value through profit or loss investments 851
(Gain)/Loss on disposal of quoted investments (757)
(Gain)/Loss on partial disposal of interest in an associated company (27)
Impairment loss on assets held for sale 30,246
Impairment of property, plant and equipment 11,818
Provision for impairment on balance of GMOC Project sales proceeds * -
Gain or loss on derivatives -

* Note B6 - The taxation charges of RM57,092 were detailed as follows:
Malaysian income tax 20,367
Foreign tax 9,265
Underprovision in prior years 3,938
Deferred taxation 23,522

The disproportionate tax charge of the Group for the financial quarter and year ended 30 April 2018 was
mainly due to certain expenses being disallowed for tax purposes, the non-availability of the Group tax relief
in respect of losses incurred by certain subsidiary companies and the resultant additional deferred tax arising
from the reversal of impairment of gaming rights.

Stock

2018-06-27 19:51 | Report Abuse

*Note A3 - Investment related (expenses)/income (60,345)
Due to:
Fair value changes through profit or loss investments (851)
Impairment of available-for-sale of quoted equity investments (16,850)
Impairment in value of an associated company (277)
Impairment loss on assets held for sale (30,246)
Impairment of property, plant and equipment (11,818)
Gain/(Loss) on partial disposal of interest in an associated company 27
Gain on disposal of interest in a subsidiary company -
Gain/(Loss) on disposal of quoted investments 757
Provision for impairment on balance of GMOC Project
sales proceeds * -
Fair value changes of investment properties (108)
Others (979)

* Note B5 - (Loss)/Profit before tax is stated after charging/(crediting):
Interest income (15,512)
Dividend income (615)
Other income excluding dividend and interest income (9,666)
Depreciation of property, plant and equipment 24,182
Gain on disposal of property, plant and equipment (529)
Gain on disposal of interest in a subsidiary company -
Amortisation of intangible assets 6,121
Impairment loss on receivables -
Provision for and write off of inventories 296
Net foreign exchange loss 28,915
Impairment of available-for-sale of quoted equity investments 16,850
Fair value changes of fair value through profit or loss investments 851
(Gain)/Loss on disposal of quoted investments (757)
(Gain)/Loss on partial disposal of interest in an associated company (27)
Impairment loss on assets held for sale 30,246
Impairment of property, plant and equipment 11,818
Provision for impairment on balance of GMOC Project sales proceeds * -
Gain or loss on derivatives -

* Note B6 - The taxation charges of RM57,092 were detailed as follows:
Malaysian income tax 20,367
Foreign tax 9,265
Underprovision in prior years 3,938
Deferred taxation 23,522

The disproportionate tax charge of the Group for the financial quarter and year ended 30 April 2018 was
mainly due to certain expenses being disallowed for tax purposes, the non-availability of the Group tax relief
in respect of losses incurred by certain subsidiary companies and the resultant additional deferred tax arising
from the reversal of impairment of gaming rights.

Stock

2018-06-27 19:50 | Report Abuse

Lol...if u observe carefully..most of the so called "losses" were due provisions for impairment for assets/ quoted equity/ reversal of impairment of gaming rights.. which can be reversed in subsequent quarters "hence the so called Magic Accounting" practised by Vt?

For BJcorp the profit treatment may be different, as BJcorp sold an 85% stake in DSG Holdings Ltd, comprising 8.5 million shares, for RM265.99mil in cash and expected a RM108.29mil pre-tax gain to be recognised in this coming quarter (as DSG disposal has been completed on 25 June 2018)
http://www.malaysiastock.biz/Company-Announcement.aspx?id=1067955
https://www.thestar.com.my/business/business-news/2018/03/07/berjaya-corp-sells-entire-dsg-stake-for-rm266mil/
https://klse.i3investor.com/servlets/staticfile/332837.jsp

Refer A3, provision of impairment on assets held for sale of RM60,345,000 (which can be reversed in subsequent quarters), B5 - (Loss)/Profit before tax is stated after charging Impairment of available-for-sale of quoted equity investments RM16,850,000; Impairment loss on assets held for sale RM30,246,000 ; Impairment of property, plant and equipment RM11,818,000 , Note B6 - Taxation charges of RM57,092,000 (The disproportionate tax charge of the Group for the financial quarter and year ended 30 April 2018 was mainly due to certain expenses being disallowed for tax purposes, the non-availability of the Group tax relief in respect of losses incurred by certain subsidiary companies and the resultant additional deferred tax arising from the reversal of impairment of gaming rights.

RM'000
Revenue 1,585,02
Net Operating Expenses (1,508,711)
Profit from Operations, *Note A3 76,316

* Note A3 - Investment related (expenses)/income (44,218)
Share of results from associated companies (4,982)
Share of results from joint ventures (624)
Finance costs (45,886)

* Note B5 (Loss)/Profit Before Tax (19,394)
* Note B6 Taxation (57,092)

(Loss)/Profit Net of Tax (76,486)

Attributable To:
- Owners of the parent (92,148)
- Non-controlling interests 15,662

Stock

2018-06-27 19:48 | Report Abuse

Lol...if u observe carefully..most of the so called "losses" were due provisions for impairment for assets/ quoted equity/ reversal of impairment of gaming rights.. which can be reversed in subsequent quarters "hence the so called Magic Accounting" practised by Vt?

For BJcorp the profit treatment may be different, as BJcorp sold an 85% stake in DSG Holdings Ltd, comprising 8.5 million shares, for RM265.99mil in cash and expected a RM108.29mil pre-tax gain to be recognised in this coming quarter (as DSG disposal has been completed on 25 June 2018)
http://www.malaysiastock.biz/Company-Announcement.aspx?id=1067955
https://www.thestar.com.my/business/business-news/2018/03/07/berjaya-corp-sells-entire-dsg-stake-for-rm266mil/
https://klse.i3investor.com/servlets/staticfile/332837.jsp

Refer A3, provision of impairment on assets held for sale of RM60,345,000 (which can be reversed in subsequent quarters), B5 - (Loss)/Profit before tax is stated after charging Impairment of available-for-sale of quoted equity investments RM16,850,000; Impairment loss on assets held for sale RM30,246,000 ; Impairment of property, plant and equipment RM11,818,000 , Note B6 - Taxation charges of RM57,092,000 (The disproportionate tax charge of the Group for the financial quarter and year ended 30 April 2018 was mainly due to certain expenses being disallowed for tax purposes, the non-availability of the Group tax relief in respect of losses incurred by certain subsidiary companies and the resultant additional deferred tax arising from the reversal of impairment of gaming rights.

RM'000
Revenue 1,585,02
Net Operating Expenses (1,508,711)
Profit from Operations, *Note A3 76,316

* Note A3 - Investment related (expenses)/income (44,218)
Share of results from associated companies (4,982)
Share of results from joint ventures (624)
Finance costs (45,886)

* Note B5 (Loss)/Profit Before Tax (19,394)
* Note B6 Taxation (57,092)

(Loss)/Profit Net of Tax (76,486)

Attributable To:
- Owners of the parent (92,148)
- Non-controlling interests 15,662

Stock

2018-06-27 15:10 | Report Abuse

Lol...that's why Vt treat it as a football game?
"As halftime is exactly 45 minutes each and not a minute faster or slower.. after that it's showtime.."

Stock

2018-06-27 12:05 | Report Abuse

Lol...will history repeat after announcement?
p.s. syndicate/IBs collecting?..buying queue today at a exceptional high of RM6.03m vs selling at only RM2.36m..since everybody wants to collect low?
p.s. just wondering why the delay in release of BJland qtr. results...must be good after all the impairment reversals..if bad would have been normally released by last Friday or Monday itself..
https://www.thestar.com.my/business/business-news/2011/03/12/berjaya-retail-to-be-privatised-tan-offers-65-sen-per-share/

Stock

2018-06-25 12:19 | Report Abuse

Lol...more promises to be fulfilled soon? nothing wrong to invest a little..nothing ventured..nothing gained..so don't miss the boat again..
http://malaysiandigest.com/frontpage/29-4-tile/744052-guess-who-became-a-shareholder-of-one-of-ecrl-contractors-after-ph-wins-election-a-timely-coincidence.html

Stock

2018-06-24 11:47 | Report Abuse

Lol...the reason why? just ask Vt..

Currently total BJtoto shares 1,348,000,000 with market worth RM3.329 billion.

BJcorp owns 48.63% of BJtoto shares (at current market price of RM2.47 per share) is worth RM1.619 billion!

At current BJcorp share price of 30.5 sens with 4,924,000,000 shares giving a market worth of only RM1.502 billion...

In other words..any aggressive Asset Stripper can just buy over BJcorp for RM1.502 billion. After selling the 48.63% BJtoto shares owned by BJcorp, can still make (RM1.619b - RM1.502b) RM11.7 million profit!

This is not even counting the 80% BJland shares owned by BJcorp worth (80% x RM1.475 billion) RM1.18 billion! and other BJcorp assets in Malaysia, China, Vietnam, Philippines, Korea and Japan worth RM Billions..
https://klse.i3investor.com/insider/substantialShareholder/1562/14-Feb-2018/420358_237487988.jsp

Stock

2018-06-23 11:52 | Report Abuse

Lol... earnings from BJtoto depends on dividends paid to BJCorp remains at 4sens per share..same as 4 sens paid by BJtoto in previous quarter..

Stock

2018-06-20 13:03 | Report Abuse

Lol...
Vt's worth over time
Mar. 2010 USD 1.2B
Mar. 2011 USD 1.2B
Mar. 2012 USD 1.2B
Mar. 2013 USD 1.3B

"I feel that after being away for five years, it is time I returned to the board to actively participate in the deliberation and decision-making in order to show my commitment and accountability to our stakeholders."

Mar. 2014 USD 1.6B (BJcorp was 55 sens)
Mar. 2015 USD 1.2B (Bjcorp was 49 sens)
Mar. 2018 USD 0.82B (BJcorp was 36.5 sens)

Guess what will be Vt's Net Worth by:
Mar. 2019.. once contribution from Vietlott is added to BJcorp?
USD 0.56B?
USD 0.82B?
USD 1.2B?
USD 1.6B?
https://www.forbes.com/profile/vincent-tan/

Vietlott's revenue expected to reach US$568 million (RM2,275,919,200) per year
The Hanoitimes - Berjaya Corp, Malaysian partner of Vietlott is confident the lottery company`s total revenue in period 2017 - 2025 will reach VND117.4 trillion (US$5.1 billion), according to Vietlott`s strategic development report to 2025, with vision to 2034.
Berjaya Corp is the exclusive partner of Vietnam Computerized Lottery One Member Company (Vietlott) to implement the first ever nationwide self-selected computerized lottery project in Vietnam for a duration of 18 years.
http://www.hanoitimes.vn/economy/trade-service/2018/03/81e0c3ec/vietlott-s-revenue-expected-to-reach-us-568-million-per-year/
If Vietlott contributed RM175,702,565 to Vietnam...how much did Vietlott contributed to BJcorp?
https://klse.i3investor.com/files/my/blog/img/bl1338_screen_shot_20170508_at_10.06.47_am.png

Viettlot contributed over VND 1,000 billion (RM175,702,565) to the State budget in 2017
"Contributing to the explosive growth in lottery business operation in the Southern region also includes the Vietlott. With 3 lottery products such as Mega 6/45, Max 4D and Power 6/55 (issued on 1st August 2017) in the Southern region, Vietlott deployed business operation in 12 localities with nearly 2,000 terminals. Thanks to the support by leading management agencies, customers and Vietlott’s efforts with high responsibility and agent system, 2017 was a successful year with amazing business results.

Specifically, the taxable tickets in 2017 of Vietlott nationwide was VND 3,843 billion, of which the Southern region collected VND 2,872 billion, accounting for 74.73%. The amount estimated to pay to the State budget from all local budgets was VND 1,000 billion, of which from local budgets of 12 southern provinces and cities was VND 615 billion, including VND 98 billion of Personal Income Tax paid by winners.

With the achievement from lottery business operation in 2017, by 2018 Vietlott will expand its operation in the areas in accordance with the plan approved by the Ministry of Finance; add terminals under its plan and market requirements; deploy task of social welfare and perform duties with the State and localities."
http://customsnews.vn/viettlot-contributed-over-vnd-1000-billion-to-the-state-budget-in-2017-5817.html
http://klse.i3investor.com/blogs/icon8888/122298.jsp

Stock

2018-06-19 20:32 | Report Abuse

Lol...most of BJcorp earlier "losses" were due to provisions earlier for impairment on GMOC rm650 million non payment by Beijing Skyocean.. which will be reversed once payment is received..if no payment can always take back GMOC land for resale to other interested parties..anyway the fact that BJCorp has RM1.2 billion for Tioman & RM80 million for Redang speaks volume of a company flushed with cash from other property sales in China, Vietnam & Korea..

Stock

2018-06-19 16:05 | Report Abuse

Lol...volume at 161k too low for sharks..maybe somebody just want to shakeout remaining weak holders in the absence of any news

Stock

2018-06-19 12:54 | Report Abuse

Lol...plenty of cash..rm1.2 billion for Tioman..another rm60-80 million for Redang?

BERJAYA Hotels & Resorts, a subsidiary of Bursa Malaysia-listed conglomerate Berjaya Corporation, will be making a US$15-20 million purchase of two ATR 42-500 aircraft that will serve Redang island in Malaysia. The first aircraft will be delivered in April, and Berjaya Hotels & Resorts hopes that the inaugral flight will take place in June. The aircraft will be operated by sister company Berjaya Air. The hotel group said that in the future, Berjaya Air will explore opportunities to link Redang island to Singapore.
https://www.businesstimes.com.sg/transport/singapore-airshow-2018-malaysias-berjaya-hotels-resorts-to-buy-2-atr-42-500s

Stock

2018-06-19 11:40 | Report Abuse

Lol...BJcorp has been paying dividend every year since 2011 except for 2017..Vt may reward himself with a dividend in 2018 to celebrate his return...since got plenty of cash coming back from property sales in China, Vietnam & Korea?
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=3395

Stock

2018-06-18 23:19 | Report Abuse

Lol...
BJCORP has experienced a flag-formation breakout above the RM0.32 level. The MACD Histogram has turned green, while the RSI remains above 50. Price may trend higher, targeting the RM0.35-RM0.39 levels. Support will be pegged around the RM0.29 level.
Source: Mplus Research - 18 Jun 2018

https://klse.i3investor.com/pub/blog/bl5/bjcorp_20180618094035.png

Stock

2018-06-18 22:47 | Report Abuse

Lol...since there are at least 8 integrated resorts to be allowed under the Japan "Comprehensive Resort Act" for Casinos..Vt's Kyoto and the 100 acres Okinawa resorts development could be prime candidates for Casinos?
https://www.youtube.com/watch?v=xvHaL90US70
https://www.edgeprop.my/content/1291009/berjayas-chryseis-tan-active-work-progress-four-seasons-okinawa-%E2%80%94-report

Stock

2018-06-18 21:23 | Report Abuse

Lol...BJtoto results (mainly due to provision for Impairment in value of available-for-sales on Philippines lottery equipment of RM17.493 million?) will not affect BJcorp/Bjland as the dividends to be paid by BJtoto remains at 4 sens per share to BJcorp/Bjland..same as 4 sens declared for last quarter..so buy on any dips..

Stock

2018-06-18 11:24 | Report Abuse

Lol..Moody’s Investors Service says the outlook for Malaysia’s banking system will be stable (A3 stable) over the next 12-18 months, supported by robust macroeconomic conditions within and outside the country. It said the removal of the goods and services tax (6% GST) could boost private consumption and benefit domestic businesses in the near term..good news to Vt?

The stable outlook was based on Moody’s assessment of six drivers, namely operating environment (stable), asset quality (stable), capital (improving), funding and liquidity (stable), profitability and efficiency (stable) and government support (stable).

On the operating environment, Moody’s said while macroeconomic conditions would prove robust, policy uncertainty posed a risk. It forecast Malaysia’s real gross domestic product to expand by 5.4% in 2018, adding that loans were expected to grow 6-7% in the same period.
http://www.freemalaysiatoday.com/category/nation/2018/06/18/moodys-maintains-stable-outlook-for-malaysian-banks/

Stock

2018-06-17 09:18 | Report Abuse

Lol...in a sea of red..Vt to the rescue..

Stock

2018-06-16 20:48 | Report Abuse

Lol...that is creative accounting..
"the exploitation of loopholes in financial regulation in order to gain advantage or present figures in a misleadingly favourable light" but u can only delay..but can't hide good profit 4 too long..

& C5 only matures on 24/07/2018..still a long way to go for IBs to worry about...unless they want to collect cheap to use later..

Stock

2018-06-16 13:32 | Report Abuse

Lol..BJcorp owns 40% in Vietlott lottery operations..

* First game started in June 2016...
quote Robin "takes about 3 years to breakeven/ make profit in 2018?"

* Bjcorp owns 40% in BJtoto through BJland..BJtoto's 43% tax rate was due to additional GST adjustments amounted to RM15.6 mil quarterly...means additional tax savings (profits) of RM62.4 million annually..now with 6% GST abolished by PH Government to BJgroup?

* BJcorp/ BJland pays RM400 million interest on loans annually...now with at least RM2 billion money coming back from Vietnam & China property sales..the interest to be paid on loans will be substantially reduced leading to increase profitability?

* More opportunities from sales of assets/ privatisation by PH Government to reduce debts as Vt good friend of Tun M/ PH govt.

Nikkei Asian Review reported that Dr Mahathir Mohamad’s government was considering asset sales as it looked to trim the country’s debt.
http://www.freemalaysiatoday.com/category/nation/2018/06/16/how-malaysia-can-profit-from-selling-off-govt-assets/
hints from big sharks already eyeing BJcorp?
http://klse.i3investor.com/blogs/icon8888/122298.jsp

Stock

2018-06-15 21:17 | Report Abuse

Lol...will Vt be applying for one?

Vietnam moves to allow sports betting as World Cup kicks off. Government hopes to stop outflow of money via international websites
https://www.youtube.com/watch?v=UJJWL8E2E2s
https://asia.nikkei.com/Politics/Vietnam-moves-to-allow-sports-betting-as-World-Cup-kicks-off

Stock

2018-06-15 18:53 | Report Abuse

Lol..Vincent Tan makes grand entrance at Dr Mahathir's open house

https://www.kinitv.com/video/62270O8

Stock

2018-06-15 18:31 | Report Abuse

Lol..private funds? with car manufacturing/assembly plants in Kedah, Penang, Johore all under PH Governments?
" Historically, marriages between 2 business families always bring in new cooperation and opportunities of business. And with the scale of corporation such as Berjaya Group and Naza Corp. Ripples to them are tsunamis to the average business. But will this landmark signify a coming change in the Malaysian business industry space?"

https://steemit.com/malaysia/@awesomianist/heirs-to-the-two-of-biggest-companies-in-malaysia-will-be-tying-the-knot
https://www.thestar.com.my/business/business-news/2017/01/14/vincent-tan-continues-his-drive-in-assembly-business/
https://www.thestar.com.my/business/business-news/2016/06/21/bassets-buys-oriental-assemblers-for-rm32pt5mil/
https://www.just-auto.com/analysis/how-to-build-a-car-company-from-scratch_id88198.aspx
https://www.thestar.com.my/news/nation/2008/05/02/naza-group-founder-nasimuddin-dies-2nd-update/
https://www.thestar.com.my/business/business-news/2004/12/04/nasimuddin--from-humble-beginning-to-corporate-success/

Stock

2018-06-14 11:18 | Report Abuse

Lol...BJland holds 540 mil shares in BJtoto, representing equity interest of 40%. The 40% stake is worth RM1.37 billion based on BJtoto's today price of RM2.54.

Based on BJtoto's curent market capitalization of 1.55 billion.. don't tell me the rest of BJland assets only worth 180 million?

https://klse.i3investor.com/blogs/icon8888/99940.jsp http://www.theedgemarkets.com/article/berjaya-sports-toto-3q-net-profit-24-pays-4-sen-dividend

All these assets in Vietnam also belongs to BJland?

1. Berjaya University Vietnam (BVIUT) Project
In February this year (2018), Berjaya transferred a 99.2% stake in Berjaya Vietnam International University Ltd to Vinhomes, totaling VND11,748 billion equals RM2,054,666,460

This project was licensed in July 2008, 5 months after BVFC. As planned, Berjaya will build BVIUT on an area of ​​925 hectares in Tan Thoi Nhi commune, Hoc Mon district with a total investment of $ 3.5 billion. The representative of the Malaysian Group said the company is also in the process of negotiating a divestment in another project in Vietnam, but did not specify which project and which partner.

2. This mysterious project? which is unfinished...
Berjaya contributed 75% capital to Joint Development Industrial City 2 (D2D) established Berjaya - D2D Limited. Berjaya-D2D is implementing Bien Hoa City Square project in Bien Hoa City, Dong Nai.

The project has a total investment capital of US$230 million or RM919,379,000, covering an area of ​​2.6 ha, including a five-star hotel, Bien Hoa City Mall, 20-storey office building and Topaz Twins and Amber luxury apartments. Court. Berjaya - D2D has completed Amber Court and sold 100% of its units. New Topaz Twins started work on January 13.
https://vietnambiz.vn/berjaya-con-lai-gi-sau-khi-ban-2-du-an-ty-do-cho-dai-gia-viet-56171.html

Stock

2018-06-14 10:37 | Report Abuse

Lol...further BJcorp was doing quite well before it's profitability was affected due to implementation of 6% GST by BN government, before April 2015 BJcorp share price was around 48 to 50 sens.

Now that PH Government has abolished the 6% GST..what do you think of it's coming profitability?

"Malaysian Prime Minister Najib Razak announced a GST tax of 6% starting on 1 April 2015"

Stock

2018-06-13 15:26 | Report Abuse

Lol..the mysterious assets could be the Joint Development Industrial City 2 (D2D) mentioned below? anyone with good command of Vietnamese can read at link below:

1. Berjaya University Vietnam (BVIUT) Project
In February this year (2018), Berjaya transferred a 99.2% stake in Berjaya Vietnam International University Ltd to Vinhomes, totaling VND11,748 billion equals RM2,054,666,460

This project was licensed in July 2008, 5 months after BVFC. As planned, Berjaya will build BVIUT on an area of ​​925 hectares in Tan Thoi Nhi commune, Hoc Mon district with a total investment of $ 3.5 billion. The representative of the Malaysian Group said the company is also in the process of negotiating a divestment in another project in Vietnam, but did not specify which project and which partner.

2. This mysterious project? which is unfinished...
Berjaya contributed 75% capital to Joint Development Industrial City 2 (D2D) established Berjaya - D2D Limited. Berjaya-D2D is implementing Bien Hoa City Square project in Bien Hoa City, Dong Nai.

The project has a total investment capital of US$230 million or RM919,379,000, covering an area of ​​2.6 ha, including a five-star hotel, Bien Hoa City Mall, 20-storey office building and Topaz Twins and Amber luxury apartments. Court. Berjaya - D2D has completed Amber Court and sold 100% of its units. New Topaz Twins started work on January 13.
https://vietnambiz.vn/berjaya-con-lai-gi-sau-khi-ban-2-du-an-ty-do-cho-dai-gia-viet-56171.html

Stock

2018-06-13 11:13 | Report Abuse

Lol...if Indonesia can build the floating airport..why can't Vt..maybe that's why it cost RM1.2 billion with funds from Vietnam, China property sales & cheap Japanese loan?

Stock

2018-06-12 21:56 | Report Abuse

Lol...looks like it finally caught the attention of big names in i3.. since everybody has vested interest..let's see how the story unfolds in 2018?

Stock

2018-06-12 16:49 | Report Abuse

Lol...if can go down further..chance to buy more..as lately seems like more people are getting interested in this counter?

Stock

2018-06-12 16:14 | Report Abuse

Lol..just like TA can also be manipulated by analysts from IBs to shakeout contra players

Stock

2018-06-12 12:14 | Report Abuse

Lol...already raya mood...take it easy, just wait for Vt's next move..

Btw cheap Yen coming soon to finance fiscal debts/projects
https://www.thestar.com.my/news/nation/2018/06/12/dr-m-japan-will-study-malaysias-request-for-yen-credit/
HSR project postponed, not scrapped, Dr M tells Japanese media (updated)
https://www.thestar.com.my/news/nation/2018/06/12/hsr-project-postponed-not-scrapped-dr-m-tells-japanese-media/

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2018-06-12 11:43 | Report Abuse

Lol...the untold story from 2003..

The other side to the Tioman airport deal
https://www.thethirdforce.net/the-other-side-to-the-tioman-airport-deal/

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2018-06-12 10:55 | Report Abuse

Lol..once in 61 years 4 PH..once in 10 years 4 Vt..ini kali lah!

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2018-06-11 16:51 | Report Abuse

Lol...be patient...just wait for the volume and ride on it once Vt starts buying again..

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
Further to our announcement dated 28 May 2018 on the above and pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad in relation to directors' dealings in securities of a listed issuer during closed period, we wish to inform that Tan Sri Dato' Seri Vincent Tan Chee Yioun ("TSVT"), the Executive Chairman of Berjaya Corporation Berhad ("BCorp") has dealings in the securities of BCorp.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5817325

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2018-06-11 15:39 | Report Abuse

Lol...part of Berjaya's automotive plan?

"Berjaya owns OASB with is a manufacturing licence that enables it to assemble vehicles, manufactures and sell engines and transmission. In its early days, it produced Opel, Datsun and Bedford cars.

Manufacturing licences are no longer dished out now due to excess capacity in the automotive industry. The Johor Bahru assembly plant has the capacity of producing 40,000 units per annum. A total of 284,461 vehicles were sold in Malaysia for the first six months of this year.

While it will take time to conclude deals with foreign players, BAssets is keeping the production crew occupied with assembly work outsourced from Berjaya Corp Bhd (BCorp). The latter is involved in the marketing and distributorship of Chinese commercial vehicles such as Changan, Jinbei, Dongfeng Sokon and Foton Motor Group vehicles in Malaysia."

Malaysia has become the latest battleground for foreign carmakers to fill a gap in their Asean strategy. French carmaker PSA Group, which produces Peugeot and Citroen, was an early contender to become a foreign strategic partner of ailing national carmaker Proton Holdings Bhd.

PSA wants to start a greenfield automotive plant for its Southeast Asian market either in Indonesia, Thailand or Malaysia so as to reduce its reliance on the challenging and slow growth in the European market. It plans to manufacture between 300,000 to 500,000 cars per annum to sell to the Asean market’s 600 million population. “One of the brands we are now in talks with has no foothold in Rayong [Thailand] and is very eager to come over. There are also contenders from China,” she says in an interview with FocusM. Rayong is Thailand’s automotive hub with carmakers like BMW Group, General Motors and Mazda having assembly plants there.
market talk that Tan, the Berjaya Group founder, plans to once again be actively involved in the automotive business.
http://www.focusmalaysia.my/Mainstream/bassets-attracts-foreign-automakers

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2018-06-11 12:46 | Report Abuse

Lol...government set to shake up top police ranks, IGP first to go? Illegal gambling activities will be crippled..sounds like good news to Vt?

"Yes, there is going to be an 8.5 Richter shake-up (in the police force) soon in July," a source told ST.

Several chiefs in Malaysia's police force are expected to be removed next month, including the Inspector-General of Police (IGP), as the new Pakatan Harapan government seeks to "cleanse" the organisation, sources said. Three departments that are believed to be graft-ridden are also expected to abolished, with a handful of department heads sacked, the sources who insisted on anonymity told The Straits Times.

The three departments expected to be scrapped are the Special Task Force for Anti-vice, Gaming and Gangsterism (STAGG), Special Task Force on Organised Crime (STAFOC) and Special Tactical Intelligence Narcotics Group (STING).
Speaking about the expected shutdown of the three "special" departments, a source said a big problem was their suspected involvement in corruption and protecting the criminals they were supposed to rein in.

"That's one of the main reasons why there are plans to abolish STAGG, STAFOC and STING. Too many of those who were entrusted to fight the underworld are also the ones who protect them," another source said.
https://www.thestar.com.my/news/nation/2018/06/11/government-set-to-shake-up-top-police-ranks-igp-first-to-go/

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2018-06-10 23:45 | Report Abuse

Lol...C7?

Type: CALL WARRANTS
Sector: TRADING/SERVICES
Listing Date: Dec 13, 2017
Maturity Date: Aug 24, 2018
Issue Size: 40,000,000
Exercise Price: MYR 0.385
Ratio: 1:1
Underlying Stock: BJCORP
Avg Volume (4 weeks): 1,335,721
4 Weeks Range: (lowest) RM0.005 - RM0.05 (highest)
52 Weeks Range: (lowest) RM0.005 - RM0.065 (highest)

Some catalysts for next week? Should be good for Bursa & Dow Jones..
Spotlight set to shine on Dr Mahathir at 2018 Nikkei Conference
http://bernama.com/en/news.php?id=1470933

Trump, Kim arrive two days early for 'denuclearisation' talks
http://bernama.com/en/news.php?id=1471101

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2018-06-10 14:35 | Report Abuse

Lol...why worry?..there are so many dealers/remisers here from RHB & Macquarie IBs..any experts can correct me if I am wrong?

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2018-06-09 20:39 | Report Abuse

Lol..some guide on Call Warrants calculation for beginners..any experts can correct me if I am wrong?

BJCORP-C5 CALL WARRANTS 14/11/2017 24/07/2018 Exercise Price RM0.35
A Quick Guide to Cash Settlement on Expiry for BJCorp C5!

Which are the important dates?
Last trading: 5pm @19/07 (Thurs)
Suspension date: 9am @20/07 (Fri)
Expiry date: 9am @24/07 (Tue)

What happens on expiry?
- When Cash Settlement price > Exercise price = In-The-Money (ITM). Warrant will have value at expiry & automatically be exercised.
- When Cash Settlement price < Exercise price = Out-of-The-Money (OTM). Warrant expires worthless.

:o: Here's an EXAMPLE calculation for Cash Settlement Amount if C5 is > RM0.35 e.g. RM0.42, In-The-Money (ITM)
Say, you purchased 100,000 BJCORP-C5 CALL WARRANTS .
Exercise price: RM0.35
Exercise ratio: 1 warrant to 1 mother share (aka underlying)

Your Cash Settlement Amount:
If Cash Settlement Price on 24/07 is RM0.42:
= Number of BJCorp-C5 exercised x [(Cash Settlement Price - Exercise Price) / Exercise Ratio ]
= 100,000 x [(0.42-0.35) / 1]
= RM7,000 approx

If Cash Settlement Price on 24/07 is RM0.50:
= Number of BJCorp-C5 exercised x [(Cash Settlement Price - Exercise Price) / Exercise Ratio ]
= 100,000 x [(0.50-0.35) / 1]
= RM15,000 approx

* The Cash Settlement Price of RMx.xx is based on the average daily volume weighted average price (VWAP) of the ordinary shares of BJcorp for the five (5) market days prior to and including the market day immediately before the Expiry Date.
* The Cash Settlement Amount will be delivered to you via cheque by ordinary post within 7 market days from the Expiry Date.
* If you purchased 100,000 BJcorp C5 call warrants on 8/6/18 @0.015 per unit. Total cost is 100,000 x RM0.015 = RM1,500.

* If the cash settlement price is RM0.42, your profit would be, Cash Settlement Amount - Call Warrants Purchase Price = RM7,000 - RM1,500 = RM5,500?

* If the cash settlement price is RM0.50, your profit would be, Cash Settlement Amount - Call Warrants Purchase Price = RM15,000 - RM1,500 = RM13,500?

So the higher the price of BJcorp mother share above RM0.35 on 24/07, the higher the returns..

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2018-06-09 00:05 | Report Abuse

Lol...another wannabe Arul the anaconda?

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2018-06-08 16:58 | Report Abuse

Lol..confirm big money is coming.. at least RM1.2 billion.. otherwise u think Vt so generous?

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2018-06-08 16:15 | Report Abuse

Lol...must be really desperate just to create an account only to desseminate fake news?