chonghai, I don't have to understand the business of TRIPLC, I only know that if market views the deal good, it will response through share price. Given current share price is not even 40% of the net cash per share of 2.67, I have to doubt the deal. If Rozali think its so good, he should offer shareholders who disagree with the deal a cash out option with at least 2.67 per share, the net cash per share now. Let those disagreeing with his 'brilliant' deal no chance to make money from future rise in share price.

Had he initiated share buy back when he's trying to secure a deal with TRIPLC and keep price between 2.00 and 2.30, I would have respected him. If he had let others manipulate Puncak share price knowing the deal is good, well, let us small holders who's pissed off to go! To me, Rozali is nothing but a piece of sh*t now!!!

if football license is from Malaysia government, that would be an excellent news... If from Vietnam, while good, wonder if it can move the price at all, especially after seeing the price performance with the Vietnam Toto license, sigh! Investors got no trust in VT or Vietnam?!?

rMoi, think you are too bullish, if the deal is good for shareholders, Puncak's share price will be at least 2.30 now... Get ready to say NO in coming GM to the deal unless share price is above 2.50!

Carl, where are you from? Foreigner also got insider news? Felt so bad being Malaysian without the 'insider news' portal

If share price is to reflect Rozali's capability, good luck...

Oh, one thing is surely hasn't changed, that's VT and his never appreciating minority shareholders' interest attitude...

While applauding Icon888's detailed analysis on BJCorp, I believe his comment of No Muscle No Brain is a bit harsh, in particular:

(4) Gearing: Net loan of BJCorp ex-BJLand is 2.06 billion, and Icon8888 wonders how much BJCorp has to sell its equities to pare down this amount. Quite frankly, the Menara Bangkok Bank/Ritz-Carlton Residence project is worth RM 2 billion (this figure is based on what I read on the newspaper, the BJCorp investor relation gave me a slightly lower figure of around RM 1.55 billion.) Even to assume 75% sold (Menara Bangkok Bank is 95% sold according to BJCorp investor relation,) this net loan is not worrying at all.

(6) Property asset: BJCorp's property asset is not valuable compared to BJLand. Quite frankly, I found this statement to be puzzling. If anyone has visited Wisma Cosway, he/she would have noticed that the building is right across Pavilion Mall. Connected through skywalk, one can reach KLCC and Pavilion Mall with a short distance walk and it has only a RM 79.8 million carrying value on its book. Besides that, BJCorp is developing Jesselton villas on Penang Island (the old Penang turf club) and Link 2 Residences in Bukit Jalil. Err... hard to imagine why would Icon888 suggest BJCorp's property asset not attractive?

In my opinion, BJCorp has done nothing right for a while, from Jeju Airest City that was dragged into court, China property project that was delayed and eventually has to be sold (the above are under BJLand), Menara Bangkok Bank/Ritz-Carlton Residences that was supposed to be completed a year or two ago, and a pricy purchase of Cosway International (or is it Hong Kong, I can only recall its listed in Hong Kong) that ended up with little profit despite huge sales (the above two are under BJCorp.)

Though, things have changed. (1) BJLand has eventually acknowledged Jeju Airest City's failure and took South Korean government to court for compensation (2) BJLand has realized it is cash-strapped and can't take on too many projects at the same time and sold China property project (if I were not wrong, half of the sale proceed is currently in an escrow account already) (3) Menara Bangkok Bank is finally completed while Ritz-Carlton Residences is not far behind (expected to be the beginning of 2017 according to BJCorp's investor relation) (4) BJCorp has proceed to develop Jesselton villas in Penang (well, at least I have seen advertisement on the newspaper lately, before that, err... only rumor) (5) Cosway is gradually showing improving conditions (as Icon8888 mentioned, from a RM 60 million losses in 2014 to RM 21 million profit before tax)

Moreover, with the gaming license in Vietnam, it should become a cash generator for BJCorp, especially when the project is primarily parked under BJCorp, rather than BJToto. Quite frankly, its hard to tell when Vietnam Toto will provide significant cash flow to BJCorp, but should we wait until picture is clearer or begin to buy when knowing BJCorp is heavily undervalued when compare itself to even its subsidiary companies, BJLand and BJToto? I suppose I am willing to take some risk to buy first.

While Icon8888 is worrying BJCorp's profitability before Vietnam Toto has grown up, I suppose Menara Bangkok Bank/Ritz-Carlton project shall cushion its profitability for FY 2017. That should leave BJCorp's profitability in question only for FY 2018 assuming that Vietnam Toto is not growing fast enough to contribute towards BJCorp's profit in FY 2018.

roger, i don't know how much Puncak's China water concession is worth, but I assume those debt in the balance sheet, amounting to about 0.12-0.15 per share, will be gone after the disposal.

rMoi, if getting TRIPLC cheaply and RPT done honestly, Puncak share price shouldn't just trade at 1.80 given that its net cash per share is already 2.67 and most likely increase to more than 2.80 once China's water concession is sold...

Glad to see the rise, but couldn't be too happy unless Puncak rises above 1.80...

Sincerely hope LTH will keep buying 200k everyday until LTH has 30+% of Puncak's shares outstanding...

hippo 哈哈，这也是我想说的，可惜就是没那么多钱。。。可惜，我国就是缺乏利好BUYOUT公司的相关法令和相关企业的发展

roger, 200k a day is not much, but its only a few days of collection by LTH, but the price is already 0.05 higher. Hopefully, LTH will keep on buying until its at least 2.30, 200k shares a day...

更可悲的，有时想了气不过，不如干脆买下那个酒店，结果发觉自己其实没有那么多资本。。。

问题是酒店经营者继续低价招待新客户，把我们老客户当白痴，然后一些鸟蛋说些酒店没有的事情，让酒店经营者继续低价招待新客户，而这些鸟蛋都不需要负法律责任，酒店经营者也不采取行动对付不实鸟蛋。。。

abv8888 说的好， 问题是付了套房的钱。住budget hotel 的心情

Hopefully, LTH will accumulate up to 30+%, offering to take private Puncak at 2.70+ per share with minority shareholders full support, forcing Rozali to makan sendiri... Of course, I know its wishful thinking

Good to see puncak moving up again....

If the reward of a game is little compared to its cost of investment, most likely black market will prevail. When the reward of a game is high compared to its cost of investment, most likely the official operator will prevail. That's why 4D game in Malaysia is easily copycat but not jackpot...

BJCorp losses is from IMPAIRMENT, particularly BJTOTO's gaming right, yet people screaming BJCorp making losses, ignoring the fact that, by trading way below book value, the share price has reflected the impairment losses. If looking at the operating cash flow, BJCorp share price should be much higher, not to mention that the property projects overhang have mostly been addressed (Kyto's Four Season is completed, Menara Bangkok Bank's completed leaving Ritz-Carlton Residence, China's sold, and Jeju's under court case) while there's a huge potential with Vietnam Toto, albeit little details are provided on profit sharing.

more than 7 million shares, and only rises by 0.005, geng...

Hope this is true...

https://site.recognia.com/cimb_news/serve.shtml?page=event&name=stocks&eid=MYvwQKAAd--wBugABAACAAAA_iJg&symbol=3395&exchange=MYX&isin=MYL3395OO000&trade_type=L&lang=en&delivery=email&eml=kahhoeng%40yahoo.com&gaid=NL343937136

Berjaya Corp Bhd forms bullish "Gravestone" chart pattern
Aug 02, 2016

Recognia has detected a "Gravestone (Bullish)" chart pattern formed on Berjaya Corp Bhd (3395:MYX). This bullish signal indicates that the stock price may rise from the close of 0.34.

Tells Me: The bears have sustained control over the downtrend, but the period has shown a surge of bullish demand that suggests we are nearing a bottom. During a downtrend, the bar opens at its low (or very close to its low), then rallies, but isn't able to sustain the move and closes back down near the open. The bulls have lost the battle but have shown some strength during this period. It's possible we are nearing a bottom.

so long Vietnam Toto is growing fast, we will see BJCorp trading above 0.60, just give it some time...

Good to know that LTH is still adding more Puncak shares

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5165869

Acquired Ordinary shares 28 Jul 2016 200,000

Acquired Ordinary shares 29 Jul 2016 200,000

haha... so many big bosses here...

somebody trying to challenge LTH?

hippo, sorry, think its only available in print copy...

rMoi, thanks for the update, didn't notice the announcement. Hopefully future will be brighter for Puncak's share price...

EDGE weekly has an article on BJCorp on the latest issue, read it if you are interested, mainly on consolidating BJCorp businesses, selling assets to pare down debt, focus on Vietnam Toto, and being a value trap

If not these 3 factors, can't really figure out why already

Roger, thanks for the update

rMoi, LTH can't buy Puncak already cause Puncak is no longer a shariah compliant share...

Roger, never understand what you are trying to show other than nonsense. You said you bought earlier, yet you kept saying bad things about Puncak after it fell below 1.10.

Truth is, many bought this stock plainly because its so much below its net cash per share. While agreeing with some suggesting China companies listed in Malaysia also holding more cash than its share price, its a bit different to Malaysian stock. The reason is simple, many not trusting China's stocks because its auditing is not trusted. Meanwhile, while China companies kept raising cash despite huge cash pile, Puncak has actually bought back shares through buying back the convertible sukuk. No doubt, Rozali has not been transparent of what he had in mind with Puncak's future, keeps the management to himself while awarding himself with high salaries, and refusing to initiate share buy back to award minority shareholders.

If market is truly efficient, which I doubt, the reasons for such a low valuation right now should be attributable to (1) bad marketing of the company's investor relation (2) no longer a shariah compliant stock (3) future's still uncertain...

Still believe that Puncak should be valued between 2.30 - 2.80 (well, may have to take 0.10 down given that net cash per share has dropped 0.07 in the latest quarter report)

Once someone kena the jackpot, there will be more people buying in an attempt to win jackpot...

Err... I bought some between 1.00 and 1.03, thought taking some risk since it's in the money already, and see if can buy back at lower price... dare not try much, that's why I said kopi duit

Eddysurge, I won't be surprised given our low grade analysts and reporting standard...

firehawk, yes, still believe Puncak should be priced between 2.20 - 2.80. I managed to sell some yesterday at 1.08 to buy back last minute just now at 1.06, kopi duit

alas, no more sell down lah, please, so low already. Its already like lelong now... Manage to buy some at .345 yesterday and this morning

speak_up, while you spend effort trying to report the 'huge loss' to educate people like me, may I suggest you to read the cash flow statement and balance sheet?

manage to buy some at 0.345 this morning, hope not a falling knife like my investment in Puncak...

King36, capital gain from share price reflecting it's net cash ex-debt of 2.70?

Just added some at .345, last minute sold to me...

its disappointing not seeing any upward movement despite the Toto venture in Vietnam... what to do? This is a crazy market

cfoong, may I know where you heard about the sport betting?

The over 3 million shares queued to sell at 1.11 is as if to tell small investors not to buy, haha...

hippo_yin 呵呵，BJC在JEJU项目的股东合伙人是政府单位。。。

Ricky Kiat, little was told. What was confirmed is that BJCorp, vie BJLand, has decided to sue Korean government for compensation in billions. You have to refer to

http://www.bursamalaysia.com/market/listed-companies/list-of-companies/plc-profile.html?stock_code=4219

for more details. I have difficulties accessing the site right now, no idea why...

hippo_yin 那是因为BJC的JEJU项目喊停了，正在诉讼着。。。

wonder if any of you notice there is no new call warrants with expiry date after end of October? Have those investment banks not dared to issue any after then?

ignissimia, from how you have described it, hopefully you are being conservative here, haha...

Ignissimia, only 3 draws per week currently leh, guess you have slightly overestimated...