Good morning "Uncle Tan". Thanks for sharing your thought in the Forum.

Good morning "Uncle Tan". Thanks for sharing your thought in the Forum.

Constructive criticisms is always welcome to the Forum. According to Dato' Yeo, Asiaply made profit when MMA raw materials for manufacturing Asiaply's cell cast products dropped from USD2,750 Mt to USD1,400-USD1,350 Mt. Asian MMA price had dropped from USD2,257 Mt in December 2022 to current price of USD1,499 Mt as of May 2023? With increased exports to India, Middle East & US Market and improved company results in latest Qtr., Asiaply should start recording profit from coming Qtrs. in 2023 after economies of scale from Asiaply's new production lines & factory?. Also cashflow will be improved with cash receipt in June for balance of RM10.2 million from sale of 15% shares in Cyprium Wire Technology S/B for RM12 million. Latest Qtr. 4 Report indicated FD of RM14 million with Cash & Bank balance of RM10.35 million, so cashflow is not an issue.

https://www.chemanalyst.com/NewsAndDeals/NewsDetails/methyl-methacrylate-prices-show-bullish-trend-in-the-usa-and-asia-16938
https://theedgemalaysia.com/article/asia-poly-overlooked-stock-amid-pandemic

It's good that VT has been selling down his Berjaya shares to a Strategic Partner who could turnaround Berjaya Group's fortunes since none of his children has the business acumen to run his business and can only trade daily at Inter Pacific and talk bad about the company.

It's must be a good deal for VT to keep buying BJLand and selling BJCorp lately? Anyway privatisation is a bonus as BJLand already gives a ROI better than FD.

@kahhoeng

You guys must be crazy to bet on bland privatisation... Unless you're VT close buddies or family members

BJLand to benefit from latest Govt Initiatives to provide affordable housing for B40?

https://www.edgeprop.my/content/1905377/revised-budget-2023-%E2%80%93-property-highlights

https://vulcanpost.com/818488/vincent-tan-steps-down-berjaya-yayasan-myfirst-home-malaysia/

Good Qtr with 85M profit. Anybody can explain where the 105.9M dividend income came from?

https://www.theedgemarkets.com/node/656581

How to trust VT when Cakap tak serupa bikin? Walk the talk! announce the Definitive agreement on Purchase of MCIS then things could be different? Anyway thxs for the profit...might buy back later once it goes back to son in law price?

Yes all the newspapers missed this important announcement by BJLand today on cessation of 80.1% ownership by BJCorp, but who's the new owner?

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS DURING CLOSED PERIOD
BERJAYA LAND BERHAD

Subject Dealings During Closed Period
Date of announcement made for "Intention to Deal During Closed Period" 19 Jan 2023

No Salutation Name Designation Description Of "Others" Designation
1 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN Others Director of STM Lottery Sdn Bhd, a major subsidiary of the Company
Type of Transaction Others
Description of "Others" Type of Transaction Cessation
Date of Transaction 25 Jan 2023
Description of Securities Ordinary Shares
No of Securities Transacted 3,981,782,496
% of Securities Transacted 80.922
Consideration Malaysian Ringgit (MYR) 0.000


Remarks :
*Cessation of deemed interest held through Berjaya Corporation Berhad (the holding company of Berjaya Group Berhad and the ultimate holding company of Teras Mewah Sdn Bhd, Juara Sejati Sdn Bhd, Bizurai Bijak (M) Sdn Bhd, Prime Credit Leasing Berhad, Inter-Pacific Securities Sdn Bhd, Inter-Pacific Capital Sdn Bhd, Rantau Embun Sdn Bhd and Redtone Digital Berhad) and Berjaya Sompo Insurance Berhad pursuant to Section 8(4) of the Companies Act 2016.

Guess most of the weak BJLand shareholders has been flushed out including most of the short term day traders? Also I like what VT mentioned during BJCorp's a latest AGM related to BJland's activities which are crucial for BJCorp's successful restructuring:
"BJCorp is getting approval from BNM to turn itself into a financial holding company and will restructure itself into a financial services provider" BJCorp current activities includes stockbroking, asset & land management (BJLand) , lottery operations (BJLand), insurance (BJCorp's share in Berjaya Sompo already sold?), and credit leasing. Incidentally BJLand's core business includes - operations of Toto betting, leasing of online lottery equipment, and the manufacture and distribution of computerized lottery and voting systems, motor vehicle dealership, repairs and maintenance and aftersales services. It also provides development of residential and commercial properties, management and operations of hotels and resorts operations of recreational clubs, vacation timeshare and air charter business. All this activities are crucial for BJCorp's plan to turn into a financial holding company?

At the same time, Berjaya Corp remains in talks to sell several non-core assets (will VT sell part of BJToto's biz in Philippines parked under BJLand (leasing of online lottery equipment, and the manufacture and distribution of computerized lottery and voting systems) proposed by Jalil as mentioned in his restucturing plan) as part of an ongoing effort to cut its debt and exit non-performing businesses, he said.

“There are proposed disposal of BJLand properties e.g. like Berjaya Makati Hotel in Philippines, Berjaya Hotel Colombo in Sri Lanka, Berjaya Beau Vallon Bay Resort & Casino and Berjaya Praslin Resort in Seychelles, Berjaya Hotel Colombo in Sri Lanka, Sheraton Hanoi Hotel in Vietnam (70% owned by BJLand?) which are still in the midst of negotiations (and) are expected to be divested in the coming months," he noted.

On its property development business, Berjaya Corp through BJLand is planning a mixed development project in Iceland under the Four Seasons brand, Tan said. "Iceland has been a good investment for us," he said, without disclosing gross development value for the project.

Berjaya Corp has also secured development order for its Berjaya Hills Resort for the construction of 3,000 houses by BJLand?, he added.

BJCorp already started moving. BJLand will follows.
https://www.theedgemarkets.com/article/berjaya-land-returns-profit-1qfy2023-revenue-grows

Looks like VT's into reverse gameplay..just hold tight..treat as FD and wait for his next moves..VT's going to list a subsidiary in Singapore...maybe BJLand is next?

Currently, the public shareholding spread of BLand stands at 16.50%, a shortfall of 3.50%. The Management of BLand will continue to explore and identify a feasible rectification plan to address the shortfall in the Approved Public Spread.

skynet2000
Presently VT have revert the game play, he dispose off the 140mil shares to "friendly party" or "Proxy Player".
with one more round of 140mil shares disposal, Bj Land will back to liquitable position.
Then MEGA plans could be in place immediately afterward.
As what have been happened on Bj Land, at 2008, after price boosted, only declares plenty of MEGA projects at oversea.

Correct! Just collect quietly on any dips since BJCorp has turnaround, treat as FD & wait for VT to make his moves.

ocbc
@Simon2020
That why TSVT own close to 80% of Bjland than Bjcorp mah. Good stuffs keep more.

Very interesting. Looks like BJCorp's turnaround is mainly due to businesses parked under BJLand?

"The higher revenue is in line with the increased revenue in all business segments following the resumption of international and domestic travel and further relaxation of the COVID-19 standard operating procedures. In the non-food retail segment, H.R. Owen Plc ("HR Owen") generated higher revenue arising from the higher sales recorded from both new and used car sectors upon the gradual recovery in supply volume after the earlier supply chain disruption. The property segment reported higher revenue driven by higher property progress billings reported from its local project at The Tropika, Bukit Jalil, and higher sales from its overseas residence unit. The hospitality segment also delivered higher revenue as a result of the higher overall occupancy and average room rates reported by the hotels and resorts business, in particular from the hotels in Iceland after the easing of travel and social restrictions during the current quarter under review. The higher revenue in the services segment is driven by STM Lottery Sdn Bhd (formerly known as Sports Toto Malaysia Sdn Bhd) ("STM Lottery"). The higher number of draws conducted, which was forty two (42) draws in the current quarter under review as opposed to only twenty eight (28) draws in the previous year’s corresponding quarter contributed to the increased revenue by STM Lottery. The Group's profit from operations surged by about 779% to RM186.2 million from RM21.2 million in the previous year corresponding quarter, which was in tandem with the higher revenue reported by all the business segments.

There's a RM600M arbitration award due anytime to BJLand.
Once paid the previous impairment losess attributed will be reversed into gains for BJLand.

https://www.theedgemarkets.com/article/berjaya-land-wins-rm595m-arbitration-award-against-chinese-mall-buyer

Since VT is not sharing his moves, let's share the key events to lookout for on BJLand.
1. QTR. 4 result will be out by 24 August next week. BJLand should show improved results with opening of Covid restrictions & economy.
2. VT needs to sell another 2.948% or 14.74M shares to meet Bursa's 20% Liquidity spread by 22 Sept.
3. So far VT has only sold BJLand shares via direct biz transactions to friendly parties or proxies and not in open market. VT's apparently trying to convince minority he's meeting 20% liquidity spread or is he selling BJLand shares to a proxy in preparation for a GO sooner or later since all the money making assets is hidden in BJLand?

Either way there should be exiting times for BJLand shareholders before GE15?

skynet2000
Presently VT have revert the game play, he dispose off the 140mil shares to "friendly party" or "Proxy Player".
with one more round of 140mil shares disposal, Bj Land will back to liquitable position.
Then MEGA plans could be in place immediately afterward.
As what have been happened on Bj Land, at 2008, after price boosted, only declares plenty of MEGA projects at oversea.

We like VT's gameplay. Once he dispose another 1.36% or 66.6M BJLand shares via direct Biz Transaction to a friendly party of proxy player, VT will meet Bursa's minimum requirements of 20% liquidity float...then history may repeats as what happened in 2008...

@skynet2000
Presently VT have revert the game play, he dispose off the 140mil shares to "friendly party" or "Proxy Player".
with one more round of 140mil shares disposal, Bj Land will back to liquitable position.
Then MEGA plans could be in place immediately afterward.
As what have been happened on Bj Land, at 2008, after price boosted, only declares plenty of MEGA projects at oversea.

1)Direct interest
Tan Sri Dato' Seri Vincent Tan Chee Yioun
Direct (units) 66,660,400
Direct (%) 1.355
Indirect/deemed interest (units) 4,003,370,372
Indirect/deemed interest (%) 81.361
Date of notice 05 Aug 2022

VT has more then one political masters...being a shrewd bizman he's friendly with whoever can further his biz interests...just look at Johor, Pahang, Sabah & Selangor you'll understand.

If really rectified... let's wait for official announcement? Btw VT has been selling BJCorp via direct biz transaction to bankers for goreng purpose since GE15 is around the corner and is expected to fund his political masters?

Any compressed spring, rusty or not will bounce back once released! Just look at BJAssets.

Goodtimes coming to BJLand's 100% owned Icelandair Hotels, the largest hotel operator in Iceland.
"Revenue from non-Icelandic tourists during the first quarter of 2022 was just over 52 billion ISK compared with the same period last year when it was 7.9 billion ISK. Revenue from non-Icelandic tourists has increased by 337% in the last 12 months when compared with the same period the year before, from 56.8 billion ISK to 248.2 billion ISK.

Turnover according to VAT reports in Icelandic tourism sectors was just over 60.2 billion ISK in January to February, an increase of almost 122% from the previous year.

Estimated overnight stays in hotels in April were 290,000 compared with 49,624 in April 2021. The number of overnight stays by Icelanders were 99,000 (+178%) and the number of overnight stays by foreign guests were 191,000 (+1260%). In April, there were 389,967 departures of passengers from Keflavik airport compared with 18,868 in April 2021. Departures of passengers with foreign citizenship were 102,788 compared with 45,785 in March 2021"
https://www.statice.is/publications/news-archive/tourism/tourism-short-term-indicators-in-may-2022/

Nta of BJLand is 76 sens and BJCorp purchased BJLand shares from Penta at 38 sens should be an indicator? Btw BJLand has 35.6M shares in 7Eleven compared to 19.6M shares held by BJCorp...if Caring is sold for RM1.6B to Japanese buyers, BJLand will get a bigger windfall...Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN | https://www.klsescreener.com/v2/announcements/view/3578395

Juara Sejati still holds 45.52% shares in Redtone International...that makes it a major shareholder of Redtone?
https://klse.i3investor.com/web/insider/detail/SBSH_543891_2930861111

We believe any takeover offer will be initiated by Juara Sejati. Johor Royalty is on BOD of Redtone International?

Apparently Juara Sejati & BJCorp acquired BJLand shares from Penta Fund in 2019 for 38 sens per shares
Google search says that Juara Sejati is currently a subsidiary of Redtone International? https://www.edgeprop.my//content/1467250/bcorp-acquire-461-berjaya-land-rm87m

Juara Sejati currently holds 1.4B shares in BJLand. Anyone has more details?
3) Juara Sejati Sdn Bhd 1,399,360,850

More info on Bijurai Bizak, company controlled by VT?Subject was incorporated on 26 December 1974 in Malaysia under the name BIZURAI BIJAK (M) SDN. BHD. with registration number of 197401004147 (21243-W). BIZURAI BIJAK (M) SDN. BHD.'s business includes INVESTMENT HOLDING AND PROVISION OF SECURITIES TO RELATED COMPANIES FOR SECURING LOAN FACILITIES.

BIZURAI BIJAK (M) SDN. BHD. is a private limited company and has been existed for 48 years.

This the info that could be found on Bijurai Bijak. Apparently they are in the biz of loaning company shares to other companies for RSS? Anybody can volunteer more information?

Bizurai Bijak Sdn Bhd is based in Malaysia. The head office is in Kuala Lumpur. The company operates in the Finance and Insurance industry. The enterprise was incorporated on December 26, 1974. In 2021, the company reported a net sales revenue drop of 24.66%. Over the same period, its total assets grew by 5.9%.

Headquarters
Level 12 Berjaya Times Square No. 1 Jalan Imbi 55100 Kuala Lumpur Wilayah Persekutuan
Kuala Lumpur; Federal Territories; Postal Code: 55100

Thxs for the info. Looks like Teras Mewah with 969M & Bijurai Bijak with 607M holds the most shares in BJLand. Anybody has more details of these companies? I believe Teras Mewah is an unlisted subsidiary of BJCorp? Direct shares of BJCorp/BJGroup only 106M in BJLand? I believe Simply Wall St only took cognizance of BJCorp's direct shares of 106M in BJLand?

@skynet2000
Remarks :
Indirect Shareholdings No. of shares
------------------------------ ----------
1) Berjaya Group Berhad 105,786,400
2) Teras Mewah Sdn Bhd 969,288,914
3) Juara Sejati Sdn Bhd 1,399,360,850
4) Bizurai Bijak (M) Sdn Bhd 606,686,220
5) Prime Credit Leasing Berhad 14,528,532
6) Inter-Pacific Capital Sdn Bhd 81,000,000
7) Inter-Pacific Securities Sdn Bhd 100,000,000
8) Rantau Embun Sdn Bhd 40,000,000
9) Berjaya Sompo Insurance Berhad 35,771,580
10) Redtone Digital Berhad 2,000,000
---------------------
3,354,422,496
=============

Thxs for clarifying. So BJLand holds 34.6% in SIAMH and BJCorp holds another 51%. Once listed BJLand should also benefit right? Btw can anybody clarify how come BJCorp's holding in BJLand dropped to 19.7%, a drop of 74% from 79.7 previous. There were no announcement yet, apart from the 140m shares which BJCorp sold in direct biz transaction. Refer screenshot from Simply Wall St.
https://i.postimg.cc/bYTbDXQT/Screenshot-20220716-091631-1.jpg

What magic is this? Is it a mistake or true that BJCorp has secretly transferred 60% of its BJLand shares to another strategic partner? According to Simply Wall St., BJCorp now only left with 19.7% shares in BJLand from 79.7% previously as of 15 June, 2022.
https://i.postimg.cc/jd0fphgF/IMG-20220705-235031.jpg

The ball has started rolling?
2022-07-01
BJCorp Board Member
Non Executive Director Appointment - TUNKU TUN AMINAH BINTI SULTAN IBRAHIM ISMAIL on 01-Jul-2022.
https://www.klsescreener.com/v2/news/view/1012601

Second half of 2022 already here. VT may announce something exciting for BJLand? Also BJCorp's 140m loss from sale of BJLand maybe to a new strategic partner like Johor Royalty in preparation for STM sale & listing of Hotel REIT in Singapore according to VT's plans. Also VT's sale of 103m shares in BJCorp to cash out money to invest in more BJLand shares? That's why there is sudden spike in buying lately?
"The owner of Icelandair hotels is Berjaya Land Berhad. The sales agreement with Icelandair was finalized at the beginning of 2021, but the first part of the contract went through already in 2019. The chairman of the board of directors in Iceland is Tryggvi Þór Herbertsson.

The company will introduce rebranding and name changes to the parent company and the Icelandair Hotels chain in the second half of 2022."

After sale of STM, Bjland will be cash rich as 40% STM owned by Bjland & halal compliant to focus on Hotel REIT & property development? Wondering who bought VT's 140M shares at 22 cents. Johor Royalty still owns shares in Bjasset thats why still high at 28.5 cents eventhough making loses. Interestingly Johor Sultan just appointed son as Regent to take a rest from Royal duties to focus on biz interests?
https://investingmalaysia.com/shareholder-dymm-sultan-ibrahim-johor/

Try this links too for your research too. See whether you can put 2 & 2 together?...I believe Lena Tan & New World Capital Advisers will play a great role with BJCorp/7Eleven (after successful privatisation of Caring) to initiate the next course of actions for Berjaya's Rejunevation?
https://www.edgeprop.my/content/1455824/vincent-tan-restructure-his-business-empire
https://focusmalaysia.my/maiden-acid-test-awaits-jalil-presumably-as-bcorp-expands-into-financial-management/
https://www.wsj.com/market-data/quotes/MY/XKLS/5250/company-people/executive-profile/73877224

Its good to have a foreign point of view. There should be also some coverage on BJLand which is BJCorp's 80% owned subsidiary. The key to unlocking BJCorp's real worth should be through taking over BJLand's assets such as 40% shares in BJToto, extensive landbank in Selangor, Penang, Pahang etc. and also converting BJLand's money making 5 stars hotel assets such as 100% in Icelandair Hotels, Iceland, Berjaya Eden Park Hotel UK, FS Kyoto & FS Okinawa (construction started end 2020) into a Hospitality REIT as proposed by Jalil in BJcorp's recent Turnaround Plan.
https://www.nst.com.my/property/2021/07/708651/berjaya-corp-set-hospitality-reit-comprising-only-five-star-hotels-it-owns
https://www.nst.com.my/property/2021/11/743437/berjaya-group-set-open-more-hotels-iceland-including-four-seasons-brand

So what? Nothing has changed. Still no dividend? Thought VT is a miser but looks like Robert Tan is worse? Keeps all the profit for kaki lang & nothing for minority? CEO salary already RM1.3m, debt is not well covered by operating cash flow with net liabilities of more than RM151 million. Insiders already controls 75% & shareholders spread only 25%. Just remain in jail & beware of the Shark's squeeze until high & dry!

Doesn't looks good when assets doesn't cover liabilities? Also the Gearing ratio (equity to debt) of 49.8% is quite high?

Johnchew5 Referred to FY22 (Q2) ended July 2021 :
a) Financial assets
total = 144,103,000

b) Financial liabilities
Loans and borrowings 253,000,00
Trade and other payables 40,867,000
Lease liabilities 1,303,000

total = 295,170,00
Net liabilities: a) - b ) = (151,067,000)
>> Gearing ratio : 49.8 %

I rest my case...

Since need to wait 2 to 5 years why not make hay while the Sun shines elsewhere as suggested by sifu Calvin in Palm oil etc?

Can always revisit BCorp in 2 to 5 years time when it really shows a turnaround?

Since need to wait 2 to 5 years why not make hay while the Sun shines elsewhere as suggested by sifu Calvin in Palm oil etc?

Can always revisit BCorp in 2 to 5 years time when it really shows a turnaround?

No point hiring extra staff when the current investor's relations team is not performing to expectations? Don't thing BCorp will go anywhere sooner in a depressed market?

I think Govt. Is moving away from China made vaccines given doubts on it's efficacy with Delta...Looks like the 3rd dose will probably be Pfizer or AZD vaccine?

Well said! The only beneficiaries is VT & gang!

alenac Price goes up a bit Vincent starts selling, now lower price picking up mother and dumps Iculs. When can the mother moves up when the boss got billions of shares ready to dispose of?

According to latest Balance Sheet BCorp has short term debts due of RM5 billion within 1 year and another RM7 billion due after that. If all the cash received from disposal of assets such as hotels in Seychelles, Sri Lanka, Vietnam & BToto Philippines is utilised to pay the immediate debts of RM5 billion, there is not much working capital left for BCorp assuming the cash burn rate is RM2 million daily for operations. Further, if you already sell the prime assets/cash cows to raise money to pay debts, you will have less assets left for generating future profit?

stockraider Read properly lah!

There are plan in place for disposal assets of Rm 2b within 2 years & Rm 5b disposal assets within 5 years mah!

How to wait 2 to 5 years?
Remember if your borrow RM1 million @ 6% pa to buy BCorp, you will incur cost of capital of RM60k yearly. If you wait 2 to 5 years, you will incur interest of RM120k to RM300k over this period of time. That means, you would have lost 30% of 1 million at the end of 5 years as there is no guarantee on capital loss on the principal of RM1 million borrowed if BCorp share price keeps dropping?

What's the use of high RNAV when VT is like a dog in the manger? There is no value in such assets unless already in your pockets. The most important criteria for shareholders in a long term investment is cashflow & profitability. If BCorp has been making lossless since 2016 how to Huat?
Any cash received earlier from sale of FSKyoto & Jeju compensation has been used to pay interest on debts & ICULS owned by VT & Associates. VT has tried earlier to dilute shareholders value by proposing to sell Singer to BCorp at a high price. There is no guarantee VT will not do it again in future.

"A this talk on RNAV & charity but no actions doesn't translate into profitability. Tell Jalil to show us BCorp's 100 days KPI otherwise Berjaya is just another Afghanistan, sitting on USD1 trillion of mineral deposits but remains mediocre & poor."

A this talk on RNAV & charity but no actions doesn't translate into profitability. Tell Jalil to show us BCorp's 100 days KPI otherwise Berjaya is just another Afghanistan, sitting on USD1 trillion of mineral deposits but remains mediocre & poor.

https://edition.cnn.com/2021/08/18/business/afghanistan-lithium-rare-earths-mining/index.html

Stocks to buy &-hold for long term must show potential growth, profitable & pays dividends to sustain investors interest. ROI is more important criteria for long term investment rather than perceived RNAV which can been seen but cannot touch depending on the whims & fancies of the owner & market demand. After all it has no "value" unless already in your pockets.

Atm can't see this in BCorp, since Jalil busy firefighting to pay massive debts, cut costs to reduce losses, sell shares & assets to provide cashflow for operating costs, pay interest on debts & ICULs? Where is the focus on making profit??

Fully agrees with you.

@Shines Dont say worth 5.00 to 10.00, as I can see it, it is below 30 sen, share prices tell all. BJC is just worth the share price trading at 26-27 sen now. Plans are just plans, anytime can change, even agreements can be terminated anytime after signing. If so confident push the share price up to 50 sen, I will sell to let whoever bought my shares to keep and wait to gain 4.50 to 9.50.

Since VT & BCorp don't care about minority interests including the remaining 7% institutional holders why ask for their support? You reap what you sows. Won't be surprised that more institutional holders will dump BCorp shares once the bad quarter results are out?