Closing .35 or .355 today?

roger, blah blah blah...

firehawk, I said I sold what I bought between 1.00 and 1.04 at 1.08 and bought back at 1.06 and you kept posting I sold at 1.08?!? Are you UMNO? 断章取义，造虚弄假？ Or, are you the one selling me at 1.06 and buying from me at 1.08?

And if I did, at least I got my voice out, siok

My 1 voice surely most likely won't, but if I don't, it will definitely won't ....

rMoi, like I said, if Rozali think deal too good not to take, either make sure Puncak share price is above 2.50 or offer a cash out option to shareholders not liking the deal. Otherwise, I will voice NO in the GM and ask others not to take the deal!

Berjaya Sompo has Malaysia 4% general insurance market, will bjcorp sell to take profit given current trend in insurance M&A?

well, we need to see 1.40 before seeing 1.80, not to mention what Puncak should really be priced, between 2.30 and 2.80... Hopefully there is real players buying, and whoever trying to goreng Puncak kena kuat-kuat

Slight relief... Hopefully can cross 1.40 soon

cheoky, jacklintan, thanks for the news and encouragement. I have actually added some between 1.00 and 1.04 during the last drop. The comments I have made are only to express my views after reading others'.

Well, LTH selling 400,000 shares of Puncak

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5174693

Disposed Ordinary shares 09 Aug 2016 150,000


Disposed Ordinary shares 10 Aug 2016 250,000

Roger, LTH is not doing it for other small shareholders, but to benefit itself that will end up benefiting us, the other small shareholders, as well.

And the main reason I am happy with LTH buying Puncak is simply because LTH has more muscle as minority shareholder to push Rozali for a better deal to small shareholders that include they themselves. Of course, whether they will do it or not is another question, just hope LTH will...

Strange comments I have read so far from fellow friends interested in Puncak...

Puncak is holding a NET cash of almost RM 1.2 billion but market cap is less than RM 550 million. All kind of news pointing towards Puncak 'huge' loss but not keen to point out that they are mostly impairment while operating cash flow in not negative (the latest quarter report showing a almost 39 million negative operating cash flow, but the balance sheet is showing a reduction in current liability, meaning its cash rich and pay ahead!). When seeing the Puncak's share price began to rise from a low of less than RM 1.00 (which means market cap is less than RM 500 million,) all news points towards Rozali will make good on TRIPLC deal, or it will be earning accretive.

I wonder, since when, a cash in hand is less valuable than future profits? How on earth a deal when announced didn't result in the company valued more than its net cash in hand a 'GOOD' deal?

If we are here to goreng stock, surely I can understand. Though, I can't just agree with others, simply because I am 'stuck' in this company, hoping to goreng it up so others can buy my share at premium (a premium less than its net cash in hand?) I will only voice out my concern and put in my protest in the GM, while warning others trying to make short term profit out of this stock to be aware. As small shareholders, we have to VOICE out our concern, or those big sharks will treat us like 水鱼...

jacklintan, when fundamentals are ignored, there will be bubble, and bubble burst! Imagine you are Rozali and TRIPLC is not related to you, would you consider buying it at 'fair' price when knowing well that your company is heavily undervalued?

Also, imagine a cash option is offered, how many shareholders do you think would actually believe in Rozali creating GOLD out of TRIPLC that would be far better than the current cash hoard, especially after so many goodwill impairment?

From a minority shareholder's perspective, if Rozali's so confident to win small shareholders' approval, what harm would there be if a cash out option is to be offered? Of course, I am not talking a cash out option that's below 2.50...

rMoi, I voice out because your are commenting as if Rozali is good to shareholders, the deal with TRIPLC will benefit Puncak shareholders, and Puncak shareholders should be grateful to Rozali. All my comments are pointing at Rozali NOT kind to shareholders, the deal with TRIPLC will NOT benefit Puncak shareholders unless the share price itself is trading close to its cash per share, and Puncak shareholders shouldn't treat themselves like beggars or dogs and be happy at the 1.80 (a price you suggest, not me) he will throw to us...

More importantly, as shareholders, we should say NO to the deal if Puncak share price can't even trade close to net cash per share when deal is announced!

Rmoi, don't think you know what you commented...

rMoi, yes, a company worth is not all about the high net cash only, but the PROBLEM is the company is not even valued at its net cash, and that's the BIG problem!

rMoi, you are crazy to suggest not getting 'greedy' on TP above 1.80. Puncak has a net cash of 2.67 per share besides another 1.00 per share of asset. With the disposal of China water asset, net cash should rise further, my guess is above 2.80.

If a company share price is traded so far below its net cash per share and the BOD is not doing anything, its called abuse of power while the BOD is lack of integrity. If we, as shareholders, should be happy over a share price rise while ignoring the fact that the share price is ridiculously priced, we should call ourselves speculators and not shareholders. Oh, a better word, NUTs, cause we are looking at charts everyday while ignoring the fundamentals!

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)