http://vietlott.vn/en/

Estimated Jackpot Mega 6/45, draw date 24/07/2016

12.858.704.500đ

http://www.theedgemarkets.com/my/article/puncak-niaga-confirms-exiting-chinese-market?type=Corporate

KUALA LUMPUR (July 22): Puncak Niaga Holdings Bhd has confirmed it is exiting the Chinese market, after a buyer was found to take up its entire stake in loss-making Luwei (Pingdingshan) Water Co Ltd.

In a filing to Bursa Malaysia, the water services company named Lushan County Chengnan Water Co Ltd as the buyer.

Puncak Niaga had announced on July 13 that Luwei, a water treatment company, will be sold to a state-owned enterprise to be identified by the Lushan provisional government.

Ok lah... TP 2.80 boleh kah?

Shares buy back until existing businesses are sorted out, sold restructure or revitalize... then, we talk buying other businesses... if rozali want, use his own money from special dividend... Or, a cash opt-out option at 2.80 for those disagreeing

hng33, best wishes...

announcement Friday? This happened a few times last year, rally until Thursday or Friday before announcement...

scary if no holding power...

bought some at .35 just now... wonder if I am catching a falling knife?

Up_down, agree...

linges, from 8.01 to 8.60 is less than 10%, Puncak has risen from around 1.00 to 1.12, which is about 10%... Hope the rise will continue until 1.80 though, at least I can sell those bought between 1.00 and 1.14.

BJToto is rising but BJCorp barely moves, wonder why?

bought too early at .36, should have Q at .355, sigh!

VT charity? That would be a big joke...

leecuteguy, you need to know the majority of the losses, at least 80% if I were not wrong, are due to impairment. Yet, people keep worrying about the losses when knowing well the cash in hand had barely change

anyway, glad to see my purchases at 1.00-1.03 are in the money now...

how do you guys know there's 'major' news coming?
Damned, so nice to have insider info...

Hopefully we will be able to know how much sale from Vietnam first Toto draw soon... should offer a great deal of knowledge how promising the business venture can be...

Good luck, will vote NO myself...

so many short term traders, eager to sell before weekend come?

rMoi, you will have to be an insider to be sure of that special dividend... Frankly, 0 trust in Rozali now, if not for so undervalued, would have sold them and replaced them with other stocks...

Roger, I bought puncak before I check this place... I hold cause I thought cash rich company is better than debt rich... I bought both hdbs and puncak but sold hdbs too early when I thought puncak is much cheaper than hdbs, guess it's wrong

titus, sorry, thought you meant Co'S'way, not sure about Coway though...

Err... on balance sheet, there could be no write down, I suspect the writedown has been allocated in the last quarter report. On net cash basis, Puncak should actually experience an increase.

a company with a net cash of more than 1.2 billion but traded at less than 450 million, yet the management and board said NO word and do NOTHING, a real pity...

hng33, err... that's because I don't have your decisiveness and skills? Anyway, best wishes to BJCorp's future

Rozali selling China water asset again, should be good?

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=73711&name=EA_GA_ATTACHMENTS

The Board of Directors of Puncak wishes to announce that the Company's 98.65% subsidiary, Sino Water Pte Ltd ("Sino Water") and Environmental Holding Pte Ltd ("EHPL") (collectively known as "the Vendors") had on 13 July 2016 entered into a Framework Agreement ("FA") with the Lushan County People's Government ("Lushan Government") for the proposed disposal of the Vendors' entire equity interests in Luwei (Pingdingshan) Water Co., Ltd ("Luwei Co Ltd") to a state-owned enterprise ("the Purchaser") to be identified by Lushan Government ("Proposed Disposal").

For full details of the announcement, kindly refer to the attached file.

This announcement is dated 13 July 2016.

latlut, hng33 is the most decisive trader I have encountered here, a skill I can only hope and dream...

1.20 the better, but that's for Chinese New Year gift next year? Only target 0.60 before AGM right now, of course, the higher the better...

err... I am actually waiting for 0.60

nice, nice, nice...

Good, great, Excellent! Its strange, BJToto is doing better lately compared to BJCorp while BJCorp has 80% stake in Vietnam Toto...

Bought some at 1.02, guess not really a right choice, sigh!

Icon, err... so little being written, sigh! When should I expect coming articles? Like the compulsive shopper comment, haha... but seems like more like compulsive gambling attitude shopper, heavily leverage to invest on risky ventures in risky countries... Sincerely hope BJCorp will be able to address China and Jeju property projects soon to free up cash and pare down debt. Hope to see interest cost of RM 400 over million pared down soon, especially given latest disposal of assets and shares in listed subsidiary/associate companies

Still, thanks...

when share price is below (especially so much like Puncak now) net cash per share, I would prefer share buy back before venturing into any new business, M&As, or special dividend... So, I will vote NO to any venture or M&A but keep quite about special dividend.

Focus on analysis and facts finding?

eddysurge, you would have to read the recent announcement. My understanding, BJCorp sold what's left of its BJAuto shares to the company in exchange of part cash part shares in the new company.

rkgfantasy, BJCorp inject the rest of its BJAuto shares into the company in exchange for about 33% shareholding in the company with the majority shareholders being the current management team in BJAuto...

thanks, latlut

paperplane, agree, all those lands have little value to the share price unless VT can turn them into cash generating assets... Wonder when will be the first Vietnam Toto drawing, I can't get confirmation on the date from Lydia.

Update from BJCorp investor relation:

Menara Bangkok Bank, Berjaya Central Park was completed and handed over to Purchasers in June 2015. It has achieved 95% sales with a total sales value of RM525 million to date and this project will generate a GDV of RM553mil.

For The Ritz-Carlton Residences Kuala Lumpur, construction work is at an advanced stage of 82% development and is targeted to see completion in the first quarter of 2017. A GDV of approximately RM1.0 billion is anticipated from the sale of the 288 units of exclusive, luxurious and prestigious branded residences.

Regards,

Lydia Lye

Bought some @ .35 too, but with an intention to trade short-term...

Great! Wonder if (1) the hotel residences were sold or will be owned by BJCorp as well? (2) there will be gain on property revaluation coming October quarterly report?

quite frankly, can't figure out why, given Menara Bangkok Bank is completed already (leaving only Ritz-Carlton Residences,) BJCorp has not received the proceed from the sale? Think half to a third of the building is bought by Bangkok Bank and Berjaya Sampoe Insurance...

Given that BJCorp is able to raise RM 1.2 billion in FY 2016, I have to say the prospect is rather good, at least compared to FY 2015. Think this is probably why I can't figure out why the share price has not recover to 0.45 - 0.60 level despite the improved balance sheet and progress in property development sector (completion of Menara Bangkok Bank and Kyoto Four Season and sale of GMOC)

alas, if you are buying this stock recently in hope of a successful Vietnam Toto business, you should ask more about this operation (I emailed BJCorp investor relation, was informed no fix date to launch yet the first drawing, probably that's why share price not moving at all, sigh!) If you are buying cause BJCorp will address its past woes from China GMOC, Jeju Airest City and delayed Menara Bangkok Bank project to reallocate funds efficiently, I suppose we are close to that now, given that GMOC sale has received half of the money already, Jeju's case in court now, while Menara Bangkok Bank is close to completion.

If your money's stuck in BJCorp long time ago caused bought at above 1 per share, there's no point to worry now, given the price is so low, you won't be seeing a recovery unless a successful Vietnam Toto is announced, which could be another year or two in the making...

What's in Rozali's mind?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5137593

The Board of Directors of Puncak wishes to announce that the Company had on 30 June 2016 subscribed for six thousand (6,000) new ordinary shares of RM1.00 each, representing 60% equity interest in Aspen Streams Sdn Bhd (Company No. 1180557-M) (“ASSB”) at a total cash consideration of RM6,000.00 only (“Shares Subscription”).

With the Shares Subscription, ASSB has become a 60% owned subsidiary of Puncak on 30 June 2016.

For full details of the announcement, please refer to the attached file.

This announcement is dated 30 June 2016.

angielim, I am not VT, can't tell you why no cash dividend, I am hoping for one myself, haha... anyway, the balance sheet is showing a much stronger position compared to last year despite the 'scary' losses... since you are still drinking starbucks, guess you should do just fine.

BTW, 3% share dividend not so bad, you can always sell some of the shares paid to you as dividend if you are in need of cash.

also, comparing the 3rd and 4th quarter report, the debt has reduced by RM 519 million while cash in hand increased by RM 639 million, i.e., RM 1,158 million cash raised in a quarter. On to of that, asset held for disposal is RM 1,362 million, meaning at least another RM 1,362 million cash is to be expected soon.

If to compare 4th quarter report to the 4th quarter of last year, the debt is reduced by RM 200 million while cash in hand increased by RM 996 million, i.e., RM 1,196 million cash raised in a year, with most of it done during the 4th quarter.

And please take note, the dividend is NOT cash. Rather, it will be 3 treasury shares per 100 shares owned, rather than RM 0.0216 cash per share! Slightly lower than what I thought, 4 treasury shares per 100 shares owned plus RM 0.01 cash dividend per share, sigh! Guess I am too greedy...

Angielim, the reported losses are mainly due to RM 632 million non-cash write-down (impairment) consisting of RM 473 million Malaysia gaming right, RM 131 million China property project disposal, and RM 28 million Phillipine (gaming right again, can't remember?) If you look at the operating cash flow and investing cash flow, though, figures are rather nice, with operating RM 365 million (less than RM 20 million fewer than last year) and investing RM 1,479 million (a stunningly great result showing VT is working hard improving cash in hand and reducing debt)

Share price? I am sorry, I am not VT, but I do believe BJCorp should be worth between RM 0.60 and RM 1.00, depending on how the Vietnam Toto project goes (hopefully not another Jeju or China property project). Based on recent activities, though, next quarter's cash in hand shall increase again with another close to RM 400 million disposal of listed companies' shares, completion of Menara Bangkok Bank/Ritz-Carlton (even to assume 40% sold shall bring in at least RM 800 million cash given the total project is estimated to be around RM 2 billion - my earlier guess of RM 3 billion should be wrong), disposal of China's property development (another RM 600 over million next year) and Jeju Airest City project court ruling.

cyphua, yes. Alas, I posted here before...


VT bought another 4 million shares, and BJCorp another 1 million shares, wonder why share price still not responding, sigh!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5136485

Acquired 23 Jun 2016 1,000,000
Acquired 24 Jun 2016 3,000,000

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5136761

Total number of shares purchased (units) 1,000,000
Minimum price paid for each share purchased ($$) 0.355
Maximum price paid for each share purchased ($$) 0.360