Guess we should be lucky to see .425-.48 range

relax a little bit lah


http://www.theedgemarkets.com/my/article/blands-3q-earnings-improve-stronger-property-hotel-automotive-contributions?type=Corporate

BLand's 3Q earnings improve on stronger property, hotel, automotive contributions

KUALA LUMPUR (March 22): Berjaya Land Bhd (BLand) posted a net profit of RM33.77 million for its third financial quarter ended Jan 31, 2017 (3QFY17), against RM21.02 million in net losses in the same period in the year before.

It attributed the improved earnings to higher profit contributions from its property development and investment business, higher sales volume of certain car models from HR Owen, and better earnings from its hotels and resorts business.

A higher share of profit from its associate companies, especially Berjaya Kyoto Development (S) Ltd from the sale of residences, and lower finance costs in the quarter were also cited as contributing factors.

Quarterly revenue climbed 3.8% to RM1.53 billion from RM1.48 billion a year ago, primarily boosted by improved revenue from its gaming arm during the Chinese New Year season, higher progress billings from its property development and investment arm, and higher automotive sales. It also registered higher average room rates at its resorts business despite a drop in overall occupancy rates.

BLand's net profit for the nine months ended Jan 31, 2017 (9MFY17) declined by 5% to RM187.01 million from RM197.19 million a year ago, dragged by lower progress billings from its property business, combined with tax adjustment and higher operating expenses from its subsidiary, Sports Toto Malaysia Sdn Bhd.

This came despite a 2.6% rise in revenue to RM4.7 billion from RM4.58 billion in 9MFY16.

Looking forward, BLand expects its 4QFY17 to be challenging, especially for its number forecast operations business, in light of illegal gaming activities, rising costs and weak consumer sentiment. However, it expects its resorts business to perform satisfactorily while its property market outlook is expected to "remain lukewarm".

Shares of BLand closed unchanged on Wednesday at 56.5 sen, giving it a market capitalisation of RM2.82 billion.

BJLand is making 33.7 million while the same quarter last year is a loss of 21 million. Guess its a good result already...

BJLand showing profit, BJCorp result should be good

Probably some guessing another impairment on bjtoto asset next quarter given poor results in Malaysia?

the okinawa land is owned by bjland. BJland already announced setting up firm in Okinawa...

meistsk3134, I guess the short-term traders can't be blamed.... Minority shareholders are not fairly treated at all!

如果股市是投资场地，那么就不应该有有人赚就有人亏的想法。他应该是股市里公司业务（或当地经济）的反应。

most likely just LTH buying, been buying for the past few days...

i don't mind holding just to try this hotel for 1 night :)

Err... those attending AGM, can propose minorities holding more than 1 million shares to stay at Kyoto Four Seasons at 90% discount one night per year per 1 million shares owned? It's 7000++ per night

yjinvy, alas, there are many kind of investors and traders. All I am trying to say is investing through fundamental analysis allow one to sleep peacefully, it doesn't mean the investment will return exponentially. If others make money, OK lah, so long its not through cheating...

yjinnvy, well, unless you are extremely good, knowing exactly when to buy and sell. I still prefer buying companies with solid balance sheet with some possible good news coming. It's not a safest form of investment, but at least I feel like investing, not gambling....

Improving balance sheet is vital to a company lah. Even if you want to goreng shares, also want to make sure it's not Holland

恩, bjland 看 反映多少日本产业项目的盈利。。。

估计大家都在等业绩报告吧，没有看到业绩报告，谁敢相信 bjcorp 的财务在持续改善？VT记录又不是很好，额，适合说是不好，呵呵。。。

so many fortune tellers ...

roger, from my understanding, hng33 strategy has always been short-term. It seems like he has been doing well. I am not employing this concept of investing and can't comment. Neither do I have the kind of 'insider' information that you posses and can use or interested.

Iwcity, you are not the only one recommending lah, hng33 mentioned a few times also, like I said, avoid property companies...

roger, I used to like OSK until OSK absorbs all of its property companies under it, try to avoid property approximately 2 years ago. wtk seems like a Sarawak election theme kind of stock, don't know why?!? Don't know much about Pantech or Coastal

bought some at .395, hope its not a bad decision...

I have just spoken to Mr. Shashi of SC. I have questioned why its taking such a long time to verify the status of the L3 investment if it has been used to evade the PN 16 classification. In addition, given the plantation deal being offered by the same party (Shin Yang,) the price differential could be so large without SC taking action. Except for stating that the matters are still under investigation, there isn't much that he can reveal to me.

I urge minorities here to keep calling SC to speed up the investigation (So far, there has only been one :( calling after me). It won't cost you much for a call, but you might be able to make a difference if you have called.

FAIRnREASONABLE, you don't wait, you act. If you are concerned, call SC and MSWG to seek update on investigation. ONLY when they have taken so many calls from so many minorities that they know they can't simply avoid the issue that they have to act decisively. Before then, we talk talk here got no effect one lah.... and no effect either if I'm the only one calling. You will know if you know my conversation with MSWG yesterday, sigh! It's no wonder minorities can be bullied, cause we stop queries after one or two attempts...

I have contacted MSWG for update on the status of Puncak investigation, was told will email me their preliminary finding soon. Was told they are currently busy with Land and General recent acquisition. Anyway, will post updates once I received any email from them.

Meanwhile, I have tried to contact Mr. Shashi for update but can't reach him today.

0.60 sure can sell some already leh, guess not so fast, need to see BJCorp really improves its balance sheet and P&L

I suppose I'll wait till early next year and observe how the improved balance sheet affects it P&L

even completed with not much sales proceed, BJCorp can still recognize the value of the project... Agree with you, not seeing much value from Malaysia property sector

I have been having difficulty determining the impact of Ritz-Carlton Residences KL, it's supposed to be at least a 1 billion project. Visited KL end of February, the project is yet to be completed even though its said to be completed in the 1Q2017. Additionally, the % sold is not announced, so, its another wild card for 4Q2017 profit figure.

U Mobile has nothing to do with BJCorp, its personally owned by VT. Even if it were to be injected into Redtone, it will only cost outflow of funds to BJCorp.

VT had mentioned earlier Kyto Four Season has sold half of its residences, leaving half for higher price, but hasn't indicated the sales value.

Mazda Philippine shouldn't have much impact on BJCorp, given BJCorp has sold off most of BJAuto already.

Vietlott seems like an odd ball, given that nothing is disclosed on how BJCorp can benefit from it, except that BJCorp has a 55% stake in the Toto business (non disclosure agreement with the Vietnam government.)

China property project sold supposedly to contribute positively towards cash flow, but not yet disclosed on when the rest of the fund will be returned.

interest expenses

2017
Q2 93.679 million (saving 9 million in a quarter compared to Q2 2016)
half year 198.695 million (saving 7 million half year compared to 1st half 2016)

2016
Q2 102.524 million
half year 204.763 million

think bjcorp balance sheet is actually getting better... this should itself drive its price back to the 0.50-0.60 range after savings from financing is boosting bottom line

looks like a downtrend?

Limit up is 30% ... today's only 3.95%

Hopefully Bjcorp will show good profit in coming quarterly earning given completion of Kyoto four seasons and another stellar performance coming quarter given sales of companies and completion of KL Ritz Carlton Residences...

pineapple, for starter, like SC said, voice out, have more minorities calling SC to let SC know their concern. Then, voice out with NO vote when TRIPLC deal is presented... And if MSWG offer a forum for minority shareholders, participate.

ks55, its one thing when someone sitting on the BOD doing hanky panky in the balance sheet, its another thing someone saying buy or sell on i3investor. It's one thing when someone representing sell-side analyst writing non-fact analysis, and its another thing someone with no representation writing non-fact analysis. Its one thing when you are saying good buy when you are selling and its another thing when you are saying sell when you are selling. Frankly, don't see much wrong with hng33. If his skills are as good as written here, i have to say he's an excellent trader. And he made it very clear from the start. When you can start to see this difference, its when you are considered civilized!

firehawk, now you are talking senses. I agree with you, its not common for SC to intervene on cap repayment/div. Though, given Puncak's financial reporting of the past few quarters coupling with how the deals have been announced, I believe there could be a case if all minority shareholders voice out to SC seeking capital repayment. Surely, it won't be in writing, but by discussion with Puncak BODs.

valour, I'm not stressed out, just pissed off how ks55 has been commenting...

Jay, like I said over and over again, if the Puncak BOD so confident, they can keep the prized diamond and laugh to the end after offering those not trusting an exit at fair price. Sure hope Puncak Board can prove the rest wrong. There's no lose to Rozali offering that, unless he knows well its a bad deal that he has to get it through. Then, it's a total different story to tell...

firehawk, I found it worthless reasoning with you... Say anyhow you want, I should cease any future response on your comments. And please, get civilized yourself.

ks55 Those buying at 0.93 seeing a cash of 2.50 in the balance sheet, and fighting for 2.50 is considered risk taking effort. It's a extortion if somebody pushes Puncak share price down to 0.93 so they can buy, its not if the purchases are done on willing buyer willing seller like you said. If Rozali not happy with people buying at 0.93 seeking 2.50, he could have bought on the open market or offer 2.50 to minority shareholders whom he felt sorry for! Like I said, your mind is screwed up, always accusing and blaming the wrong people, like the jihadists.

bought some at .385 right after open just now, hope this quarterly earning is stellar...

ks55, fighting is an option, selling at a loss is also an option. At least KYY has guts to fight! And YOU? Besides laughing at loss-making minorities, bragging your winning history in Puncak, I am wondering what good has you channeled here?!? I am OK with you suggesting selling, but a definite NO when you are suggesting minorities should kept being bullied, even its so clear and present!

traderman, buy or sell, that I can't comment. But I sure can comment the net asset per share is there, the cash is there, the lack of independence and integrity of independent directors is there, and the clear problematic issues in how the majority shareholder has been handling Puncak is there. Hold your shares, and push for a change, we minority shareholders might win. Sell at loss, and we minorities are sure losers!

ks55, like your statements implied, lets blame the girls being raped, not the rapist.... No wonder we are called third world country, cause we are full of people like you. Instead of jailing the rapists, lets make jokes on the girls being raped, you scumbag!

firehawk, cities are not built in one day.

Pineapple, it's best informed when investing than not. Sharing knowledge is good for minority shareholders, at least they will know what they're getting into before investing. While encouraging others minorities to participate seeking better option, it could be used to warn the incomers what they're getting

ks55 when someone sitting on the Board not acting on the best interests of ALL shareholders, that's called scumbags and cheating! When someone buying on the cheap, its called risk taking. Are you Rozali or one of those scumbags sitting on the board mismanaging shareholders' fund? You really are screwed up!

i'm not aiming high, just between 0.60 and 1.00...

almost bought some more at .38 this morning, guess not decisive enough and miss...