attended the AGM, I have to admit VT is good at telling stories and pacifying his shareholders, genuine or not. A few issues were discussed, including Sg Besi court case, Vietnam asset disposal, Vietlott gaming potential, Cosway revival (?), and China asset disposal. He's not looking at privatizing BJLand and encouraged shareholders to hang on for a few years while he work on various matters, belieiving that both BJLand and BJCorp are heavily undervalued.

Can't really say much myself given I have never seen how well VT is in delivering promises over the years...

Thanks, or I would have missed it, thought 22nd falls on Tuesday ...

Err... bjcorp AGM falls on Tuesday if I were not wrong

VT not there. Question raised but basically nothing answered.... guess has to wait til bjcorp AGM

Well, no dividend until recover the claim from jeju, china and/or Vietnam project disposal... nothing bad but nothing great either, I guess

don't think Singh is trying to 'kill' TM lah, just trying to promote a more competitive environment in the telco industry. The telcos are too profitable currently, that's all. Just not sure how much profit the PH is willing to let the telco industry keep...

sheldon, thanks...

any of you attending the AGM? What's the major issues raised and outcome? thanks!

you don't have to bad mouth here, go to AGM, question and pressure him to perform!

Chai,

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=...

its on page 4 of BCorp-AR 2018-Part1.pdf

only address and phone number though

no hope lah, unless BJLand announces the 'significant' profit on Vietnam asset disposal... Of course, won't mind seeing a recovery in share price to 30s range.

http://www.bursamalaysia.com/market/listed-companies/company-announcem...

Profit/(loss) for the period 71.991 million

Profit/(loss) attributable to ordinary equity holders of the parent 16.581 million

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5922657

Profit/(loss) for the period 71.991 million

Profit/(loss) attributable to ordinary equity holders of the parent 16.581 million

Puncak is already at rock bottom price with a market cap of less than 250 million, despite owning 40+ thousand hectares of plantation land and a few hundred acres of land in Kuala Selangor. Market, if not manipulated, is pricing it at this price for a simple reason, i.e., the board and management are nothing but shit! I can only come up with this reason, it could be much more complex, but given my simplistic mind, this is the only one I can think of.

So, just don't see why I should sell Puncak at shit price, err..., cheaper than shit?!?

There should not be any impairment reversal this quarterly earning report, there's no announcement on success to claw back jeju or China money or completion of Vietnam disposal resulting in 'significant' gain...

newbie5354, err... don't think that would any impact myself, but guess market already priced in that given the failure to pay end of last year. The BOD is 'confident' of getting paid while the market doesn't seem to believe that, I guess.

we should all fight for dividend!

Fight for dividend in AGM, it's absurd to not declare even a cent of dividend....

based on the most recent quarterly report, BJLand has a net asset of 6.5 billion, gross borrowing of 3.4 billion, net borrowing of 2.5 billion. After excluding the net borrowing of BJToto, BJLand's net borrowing is merely 1.8 billion.

Based on the FY18 annual report, BJLand is looking at receiving the final settlement from selling China property project amounting to CNY 974 million, approximately RM 590 million, a Jeju court settlement of at least RM 593 million, and Vietnam property project disposal with significant gain (err.. without specifying how much) that's at least RM 222 million. The total amount from the disposal is approximately RM 1.4 billion if not including the significant gain from Vietnam's disposal.

With a net borrowing of less than RM 400 million post disposal and excluding BJToto's net debt, I suppose the current market cap of RM 1.1 billion has more to do with liquidity concern and zero trust-worthiness of BJLand BODs and management.

Yes, I'm still holding... unless Dr. M gives profitable projects to Puncak, guess it would at least another 4-5 years before seeing recovery through its plantation business, assuming no mistake by the management and palm oil prices between 2200-2400 range by then

I'm going...

need VT to start distributing dividend, addressing the BJLand public spread concern with an announcement and clarity on the proceeds from disposing China, Vietnam, and Jeju property project!

need VT to start distributing dividend, addressing the public spread concern with an announcement and clarity on the proceeds from disposing China, Vietnam, and Jeju property project!

bjcorp offers to privatize bjland soon?

hmm... Daiman offer RM 3.00 per share selective capital reduction, will this offer some help to BJCorp and BJLand share price tomorrow?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5894757

hmm... Daiman offer RM 3.00 per share selective capital reduction, will this offer some help to BJCorp and BJLand share price tomorrow?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5894757

HR Owen is owned by Berjaya Philippines, the listed subsidiary of BJToto in Phiippines...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5891437

The Board of Directors of Malakoff Corporation Berhad (“MCB” or “the Company”) wishes to announce that MCB had on 20 August 2018 received a letter from Integrax Berhad (“Integrax”), a wholly-owned subsidiary of Tenaga Nasional Berhad, offering to acquire TUSB’s 20% equity interest in Lekir Bulk Terminal Sdn Bhd (“LBTSB”), comprising thirteen million and six hundred thousand (13,600,000) ordinary shares (“Sale Shares”) in LBTSB, for a total cash consideration of Ringgit Malaysia Ninety Million (RM90,000,000.00) only (“Purchase Price”) upon the terms and conditions of the Shares Sale Agreement (“SSA”) to be entered into, the provisions of which have been agreed upon and finalized by both parties recently.

Rationale and financial impact of the Proposed Disposal

The Proposed Disposal is part of MCB’s effort to rationalize its investments to focus on higher growth areas and at the same time enable the unlocking of the value of its investment in LBTSB, a non-core business of MCB Group, at a reasonable price. Based on the Purchase Price, the Proposed Disposal will give rise to an exceptional gain on disposal of RM55.3 million at MCB Group. MCB proposes to utilize the cash proceeds from the Proposed Disposal towards funding future investments to be undertaken by MCB Group, as well as meeting its working capital requirements.

well, its said certain expenses are not tax exempted, so a much higher tax, clueless...

Not quite, BJLand already got an extension to delay 'solution', which is why I ask 'what's SC doing?'

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5862105

Further to our announcement dated 3 July 2018, the Board of Directors of Berjaya Land Berhad (“BLand” or “Company”) wishes to announce that Bursa Malaysia Securities Berhad has, vide its letter dated 20 July 2018 granted BLand an extension of time of 6 months from 29 June 2018 until 28 December 2018 to comply with the previously approved public shareholding spread of 20% (“Public Spread”).

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5890025

Name of Affected Person Date of Transaction Price per share No. of shares acquired % of Ordinary shares
Tan Sri Dato' Seri Vincent Tan Chee Yioun 20.8.2018 RM0.2415 10,000,000 0.20

The above shares were acquired in the open market by Berjaya Retail Berhad, a company where TSVT is deemed to have an interest.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5889973

1 17/08/2018 4,000,000 Acquired Direct Interest

Name of registered holder Tan Sri Dato' Seri Vincent Tan Chee Yioun

well, that shouldn't be the case, cause those bought before imposing the new ruling are still marginable...

i may be inaccurate cause I didn't exchange bjland shares for bjcorp everyday, only once every few days or every other week when I see the discount is increased...

I have no idea, I only know about CIMB cause I am using CIMB margin account to trade. I have been selling BJCorp to buy BJLand when BJLand is at discount to BJCorp believing that BJLand will at least be offered at a premium during a privatization deal, similar to what VT is offered when VT's BJLand shares sold to BJCorp.

Interestingly, BJLand trading volume has been relatively high since Aug 15. What's more interesting, though, its only a few days after CIMB margin account traders not allowed to buy BJLand shares through margin accounts. Even better, BJLand has been able to delay clarifying on how its going to address the shareholding spread issue.

VT forcing his minorities to be philanthropists... donate to him ? Or him forcing himself to be philanthropist to his minority shareholders, allowing them to buy at cheap discount?

Dream, dream, it isn't hard to do, dream for a while, and so one dream makes two...

Err... while bjland owns approximately 40%, bjcorp owns another 9%, approximately, of bjtoto itself. Well, what to do? VT seems to enjoy being a philanthropist himself to the extent that his minority shareholders have to be forced to be one by him as well...

http://www.theedgemarkets.com/article/sin-tax-collection-nfos-rose-rm2...

At the same time, Lim said the ministry intends to reduce the number of Tuesday special draws by NFOs.

http://www.theedgemarkets.com/article/sin-tax-collection-nfos-rose-rm238m-2017-says-guan-eng

At the same time, Lim said the ministry intends to reduce the number of Tuesday special draws by NFOs.

err... 20 cents dividend means RM 1 billion total payout. With a net debt of approximately 2.5 billion or 1.8 billion after net debt of BJToto is excluded, genuinely doubt BJLand can afford it. Even if BJLand has received the rest of payment from China project disposal and Vietnam property disposal of more than 1 billion, it can at best offer a 0.01 - 0.05 per share of dividend, amounting to 50 - 250 million, a maximum of 25% payout.

Rozali, based on past few quarter reports, if to show anything, would be to lose shareholders fund...

Well, the suit of 13.5 billion...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5610121

After several attempts to effect personal service since 31 October 2017, the solicitors of Puncak Niaga Holdings Berhad (“Puncak”) as the Plaintiff (“Plaintiff”) served the sealed Writ of Summons vide Shah Alam High Court Suit No. BA-21NCvC-72-10/2017 together with the Statement of Claim dated 27 October 2017 on:-

1. the solicitors of Tan Sri Dato’ Seri Abdul Khalid bin Ibrahim (“Tan Sri Khalid”), as the former Menteri Besar of Selangor on 2 November 2017;
2. Dato’ Seri Mohamed Azmin bin Ali (“Dato’ Seri Azmin”), as the present Menteri Besar of Selangor on 21 November 2017; and
3. The Selangor State Government (“Selangor State Government”) on 6 November 2017; collectively “the Defendants”.

The suit is initiated by Puncak against the Defendants including the Selangor State Government, who Puncak asserts is vicariously liable for the tortious acts of Tan Sri Khalid and Dato’ Seri Azmin in abusing their powers in public office/misfeasance by threatening to cause and/or requesting or attempting to cause the Federal Government to invoke use of the Water Services Industry Act 2006 (“WSIA”) to force a take-over of the State’s water industry.

Puncak claims damages, interest on damages and costs of:-

(a) the difference between the value of PNSB Water Sdn Bhd (formerly known as Puncak Niaga (M) Sdn Bhd) ("PNSB") and Syarikat Bekalan Air Selangor Sdn Bhd ("SYABAS") at the range of RM2,081,000,000.00 to RM2,353,000,000.00 and the actual purchase consideration of RM1,555,300,000.00 under the Share Purchase Agreement dated 11 November 2014 between Puncak and Pengurusan Air Selangor Sdn Bhd; and

(b) Loss of business opportunities (local and foreign) totalling RM13,496,009,000.00.

The matter is fixed for case management at the Shah Alam High Court on 28 November 2017.

This announcement is dated 21 November 2017.

Think Puncak's rise has to do with the following news, with the assumption that Puncak might have a case in court over the pricing of Puncak when its sold... With SPLASH sold at 2.55 billion, there's a possibility that Puncak will win a court ruling in favour for further compensation.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5876169

On behalf of the Board of Directors of Gamuda, Hong Leong Investment Bank Berhad (“HLIB”) wishes to announce that the Board of Directors of Gamuda wishes to announce that the Company’s 40% associated company, Syarikat Pengeluar Air Selangor Holdings Berhad (“SPLASH Holdings”) had on 3 August 2018, received a Letter of Offer dated on the even date from Pengurusan Air Selangor Sdn Bhd (“Air Selangor”) in respect of Air Selangor’s proposed purchase of 100% equity in Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (“SPLASH”) (“Offer”). SPLASH is a wholly-owned subsidiary of SPLASH Holdings.

SPLASH Holdings is to revert with acceptance of the Offer by 5.00 pm (Malaysian time) on or before 10 August 2018 or such other extended or revised closing date(s) as may be decided by Air Selangor.

Air Selangor has been identified by the State Government of Selangor as the entity to take over the water supply and distribution services in the State of Selangor and the Federal Territories of Kuala Lumpur and Putrajaya, on a date to be determined (“Operational Date”).

The salient terms and conditions of the Offer are as follows:

(i) The acquisition of SPLASH by Air Selangor of:
•50,000,000 ordinary shares in SPLASH (“SPLASH Shares”), being 100% of the issued and paid up ordinary share capital of SPLASH; and
•350,000,000 Redeemable Unsecured Loan Stocks issued by SPLASH to SPLASH Holdings (“SPLASH RULS”), being 100% of SPLASH RULS,

for a combined total purchase consideration of RM2.55 billion.

err... will BJCorp be forced to sell BJToto to TKP?

won't even negotiate with magnum or toto first?

I didn't take the privatization deal at cheap valuation into consideration primarily VT, through other vehicles, owns approximately 8% of BJLand.

freetospeak, you have a point... I merely exchange my bjcorp to bjland primarily the potential substantial gain from Vietnam Project Disposal, collecting back the 600+ million from China buyer and potentially favourable Jeju court ruling...

err... I have actually reduced my position in BJCorp to add BJLand...