Yea don't catch the falling knife. I'm very surprised that I can restrain myself.. I would have bought at 2.80,but I didn't. I'll patiently wait for the price to stablise.
Berjaya Corp & Toto are merely operators of Vietlott & Vietnam's MOF is the owner. Until today & after 2 quarters, no one know what is the actual monetary contribution towards Berjaya Corp or Toto BECAUSE THE IMPACT WAS SO MINIMAL OR INDEED IMMATERIAL.
As far as I look at it, Vincent Tan & everyone who positive about the business have blown a giant hot balloon, only hot air inside.
Read news below: Berjaya will give 100% of the capital, technical equipment and software. In return, Barjaya will enjoy a certain profit rate of revenues from the lottery business to offset investment costs. However, representatives of the Ministry of Finance did not disclose the specific profit rate. http://customsnews.vn/cooperation-with-berjaya-does-not-affect-the-ownership-of-vietlott-1817.html
BJTOTO from 2.72 to 2.76 today is a great achievement. Looks like it is drawing the attention of the investors! Keep it coming! Good news to be launched next week!
BJTOTO at 2.71/2.72 is a good price for entry. Basically I feel the selling is due to MAGNUM and it will be soon over. BJTOTO should be back at 2.8x soon enough.
yesterday, pre-closing time, many lots were grabbed at rm2.74.... just a matter of time, easily back to above rm2.8 or higher... target price by analysts at least rm2.9+ check it out yourself... don't believe others. :)
Why is it the major shareholder Tan sri Vincent tan his shares? Is it a IRB possible target after Country Heights, Magnum and latest MK Land to be hit? All these Tan Sris are very close, especially TS Vincent, to Dr M, heard them in the market??? Any advice to dump the share or keep??
Crazy, IRB investigated Country Heights accounts since 1997... 20 years ago!What go on? Desperate for $$$$ or something else? No good for investors like us.
Vietlott and Berjaya are not shy about ambition to become a big name in the lottery market Berjaya won the bid over five other international companies to become the first foreign investor to tap into Vietnam’s lottery market. Accordingly, Berjaya and Vietnam Lottery One-member Limited Liability Company (Vietlott), the only company in Vietnam allowed to sell computerised lottery, were awarded a $210.58-million contract to exclusively invest in and operate a computerised lottery project in Vietnam for 18 years. The deal was estimated to be worth $210.6 million.
The Vietnamese lottery market is worth about $3 billion. Although a newcomer, Vietlott aims to conquer 30 per cent of the market within a few years, which will bring in billions of dollars in revenue.
An American-style lottery in Vietnam? OCTOBER 11, 2016
VietNamNet Bridge – Will Vietnamese businesses have to share the multi-billion dollar lottery market with foreign investors? In August, a student became the first winner of the Mega 6/45 Lotto Jackpot Game worth VND203 million. This changed the face of the lottery industry, estimated to be worth over $3 billion. In August, a student became the first winner of the Mega 6/45 Lotto Jackpot Game worth VND203 million. This changed the face of the lottery industry, estimated to be worth over $3 billion. Just after one month of launching, Vietlott (Vietnam Computerised Lottery One Member Company Ltd) reportedly earned VND40.1 billion. However, the figure did not surprise analysts, who believe that lotteries, casinos and sports betting have great potential in Vietnam.
Lotteries are expected to contribute VND26 trillion more to the state budget this year, a sharp increase of 48 percent compared with three years ago.
The initial achievements are so attractive that Vietlott decided to set up 800 points of sales in all districts and communes in HCM City in the first month and increase the number to 10,000 within the next five years.
Foreign investors have joined the lottery industry, which in the past was run by state-owned enterprises.
The foreign investor from Malaysia – Berjaya Corp Bhd (BCorp) and Berjaya Sports Toto Bhd (BToto) – and Vietnamese Vietlott have been granted a license to operate computerized lotteries throughout Vietnam.
The business cooperation contract between BCorp and Vietlott comprises provisions on the investment in technology, equipment software and computerized lottery in Vietnam.
Foreign investors have joined the lottery industry, which in the past was run by state-owned enterprises.
After obtaining the investment license from the Hanoi Investment and Planning Department in early 2016, the exclusive lottery project was implemented by a subsidiary of BCorp – Berjaya Gia Thinh (Berjaya GTI).
Questions have been raised about the structure and the actual role of the businesses that get involved in the project, not only because of its high value, but also of the long-term duration of 18 years.
Berjaya GTI has a 51 percent stockholder equity belonging to BLV. Meanwhile, BLV is set up in Labuan with 80 percent stockholder equity belonging to BCorp and the other 20 percent to BToto.
Sources said that six months ago, in order to obtain the project, BCorp had to attend the auction where it had to compete with five other international lottery companies. The auction marked an important milestone in the history of Vietnam’s lottery industry as it opened the lottery market.
Vietlott, put under the management of the Ministry of Finance, was established in 2011 with VND500 billion in capital.
After five years of operation, it now has total assets of VND305 billion. Mega 6/45 lottery alone brought it VND49 billion in revenue in the first eight months of the year.
all Vincent tan counter sux. his berjaya timesquare all ah beng shops inside. his berjaya hotel so many bad reviews. his Kenny riggers also barely survive. only bright side is the Starbucks. else none
Yong chun wah, question is if Vietnam business is so good, why Tan Sri Vincent Tan has been selling shares like mad during the past many months? Is he knowing something we do not know? RM468m tax liability had been slapped on Magnum just like that, how about the company of the closest buddy of Dr M? Those who depend on 5 to 7% dividend yield for retirement like us are in dilemma...to hold or sell.
If u notice, every year should drop 50 cents, rm2.50 will be the floor for this year maybe, lolz anyway, it should be ratio toward it's div. Good luck all.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
speakup
26,939 posts
Posted by speakup > 2017-05-16 16:42 | Report Abuse
will drop more. Bjtoto PE 11x still very high.
Magnum PE 16x is better.