Posted by calvintaneng > 2014-11-04 12:01 | Report Abuse

TT101

In the Top 30 Share holders of THE STORE are

No. 8 - Berjaya Philippines (Belong to BJ Corp)
No. 12 - VT himself
No. 25 & No.29 - Prime Credit Leasing (BJ Corp Subsidiary)

Posted by datuk > 2014-11-04 12:01 | Report Abuse

Bjcorp n 7 elevent are two difference entities. No connection at all. At least you hv to go bj corp annual report to find out....7 11 not listed as subsi or associated company

Posted by calvintaneng > 2014-11-04 12:04 | Report Abuse

Did you ask BJ Corp Management why they Include 7 Eleven Under BJ Corp Share Buy Back Proposal?

Posted by stncws > 2014-11-04 12:08 | Report Abuse

Those BLOG from KIASU SIN

MALAYSIAN KIASU SIN recommend buy BJC...BILA JADI CICAK!!!!


NOW 48....BJC ---- BODOH JADI CAVIN!!!


MOLG 7.53....WORST IT COMPANY !!!!


VT--SCOLD PEOPLE !!!

Posted by tt101 > 2014-11-04 12:11 | Report Abuse

Thanks Calvin.

But 1 thing

Bj Corp 100% owned Bj Group Bhd
Bj Group Bhd owned 52.5% Bj Land Bhd
Bj Land Bhd owned 41.4% Bj Sports Toto Bhd
Bj Sports Toto Bhd owned 100% Magna Mahsuri
Magna Mahsuri owned 100% Bj Sports Toto (Cayman) Ltd
Bj Sports Toto (Cayman) Ltd owned 100% Bj Lottery Management (HK) Ltd
Bj Lottery Management (HK) Ltd owned 74.12% Bj Philippines Inc
Bj Philippines Inc owned 4.42% The Store via Inter-Pacific Equity Nominee (Asing) Sdn Bhd

This 4.42% The Store = 3030000 units shares
RM2.88/share means RM8,726,400

16.1099% x RM8,726,400 = RM1,405,821
Bj Corp still got RM1,405,821 value if disposed off The Store.
But problem is this fund only goto Bj Philippines Inc. Is Bj Philippines Inc. willing to return back in kind of dividend/ bonus share/ or share buy back to/from Bj Lottery Management (HK) Ltd.

If so, is Bj Lottery Management (HK) Ltd. willing to do the same to/from Bj Sports Toto (Cayman) Ltd?

and than the same question from Bj Sports Toto (Cayman) Ltd ...... Bj Group Bhd?

1 issue, 41.4% control in Bj Sport Toto by Bj Land, means need other party to agree.

I ready don't understand Y the structure created in so complicated form?

If say in tax purpose, than Y Bj Corp's tax is so high!
If say to hide the actual investor, than the name Bj appear?

anybody can help to clear my doubt?

Posted by stncws > 2014-11-04 12:13 | Report Abuse

Those BLOG from KIASU SIN

MALAYSIAN KIASU SIN recommend buy BJC...BILA JADI CICAK!!!!


NOW 48....BJC ---- BODOH JADI CAVIN!!!


MOLG 7.53....WORST IT COMPANY !!!!


VT--SCOLD PEOPLE !!!

Posted by calvintaneng > 2014-11-04 12:17 | Report Abuse

TT101

BJ corp like Mui Bhd is like an octopus with tentacles into world wide businesses.

It takes a lot of effort to unravel its total value just like Berkshire Hathaway

Posted by stncws > 2014-11-04 12:19 | Report Abuse

CT must be BOKTACHIA!!!

RECOM BUY BJC...

WILL STUCK YOU ANOTHER 3YRS!!!


VT IS LOUSY INVESTOR..20CENTURY!!

VT IS GREAT INVESTOR 80-90...

Posted by tt101 > 2014-11-04 12:19 | Report Abuse

This point I like. Thank you Calvin.

Posted by tt101 > 2014-11-04 12:22 | Report Abuse

As long as no privatization, Bj Corp still consider a good choice for your portfolio.

Posted by Alpha Trader > 2014-11-04 12:24 | Report Abuse

Aiyo luckily sold off , make half cents profit, thanks calvin for heavy promotion!

Posted by calvintaneng > 2014-11-04 12:28 | Report Abuse

Haha!

Change your name to Alpha Investor. Then you will excel like Warren Buffett

See you all later.

Going to BOOMING ISKANDAR NOW!

Posted by Nancy Tang > 2014-11-04 12:31 | Report Abuse

Please don't come back !

Posted by philan > 2014-11-04 12:39 | Report Abuse

By the way, the way VT spend on buying Queens Park Ranger, and now ended up relegated from EPL... classic VT.

Posted by stevejab > 2014-11-04 12:42 | Report Abuse

y,dun like that lah, all allow to express view lol

Posted by RussianRoulete > 2014-11-04 12:43 | Report Abuse

SOMEONE SAID GOING TO BOOMING ISKANDAR NOW!


THE TRUTH IS "MASAK MEGI MEE" IN THE KITCHEN....

Posted by RussianRoulete > 2014-11-04 12:47 | Report Abuse

NEED AT LEAST 1.5 BILLION CASH MONEY TO BRING THE PRICE UP....

VERY IMPOSSIBLE HAHAHA... WHO WILL DO THAT????

Posted by RussianRoulete > 2014-11-04 12:48 | Report Abuse

IF ANY OPERATOR HAVE THAT AMOUNT OF MONEY....

THEY WILL NOT BE SHARK ANYMORE HAHAHHA

Posted by RussianRoulete > 2014-11-04 12:49 | Report Abuse

BETTER RUN AND WAIT PRICE 0.10C....

Posted by stevejab > 2014-11-04 12:54 | Report Abuse

catalyst coming it wil boom high, only rocket can reach kikikikiki

Posted by Nancy Tang > 2014-11-04 13:19 | Report Abuse

RussianRoulete ... I think you hit the nail right on it's head when you say that crow is cooking maggi mee in some little kitchen during lunch hour instead of going to iskandar ! He wanted to impress people by saying he's going here & there & meeting important people everywhere ! The first time I read his posting I already come to the conclussion that he's not very bright & with little substance !

Posted by cfoong > 2014-11-04 14:01 | Report Abuse

Avoid personal attacks... if you dont like people comments or the share counters.. just stay aside. or goto other counters to leave your good comments... I like all your comments, good or bad... because i will take the middle path of both views...

Posted by tt101 > 2014-11-04 14:11 | Report Abuse

Agreed. if you want people respect to you, please respect others first.

Posted by CleverBoy > 2014-11-04 15:21 | Report Abuse

Yes please have respect for others. Perhaps he has had good experiences on choice of stocks. Calvin is truly excite about BjCorp. SO, read it but do not attack him. Decide to buy or not is in your hands. Those who buy take the risk. Those who do not buy, is also ok, There are so amny stock broking analysts recommending this or that stock, but it is up to you to read an dfind out about that stock and whether you want to take the risk. Have a nice day everyone.

Posted by Keegan Woon Chi Kit > 2014-11-04 15:25 | Report Abuse

what is the upliftment thingy?

Posted by pang123 > 2014-11-04 16:44 | Report Abuse

I guess for the bjcorp to drop to 0.1 it would mean the whole world collapse. With the size of bjcorp biz 0.1 is not possible. Bjcorp is owned by 1 of the riches. And look at the rest the its shareholders. Those are well known shareholders with big fund. But again this share has been consolidating for very long. When will it up? Nobody knows. Maybe Calvin will have a clearer idea

Posted by calvintaneng > 2014-11-04 16:52 | Report Abuse

Pang123

Just buy below its Intrinsic Value.

Example of PM Corp

For 2 years PM Corp was traded at 9 cents. Those who played contra gained little. Those who kept buying PM Corp regularly every month. Just buy and buy. Don't care January or December, rain or shine for 2 years while it is selling cheap.

On Day KaBOOOM! PM Corp up 400% to 37 cents. All who patiently waited reaped the fruit one day.

So Just Buy BJ Corp While It Is Still Selling Below Intrinsic Value

Posted by pang123 > 2014-11-04 17:29 | Report Abuse

I agree that bjcorp is very much undervalue. But the biggest question is when will it up? I guess frustration is growing with this stock after falling from a high 1.70. I guess it has been 4 years. I can understand why people losing confidence in the share. But the fundamental remain intact especially VT has been listing it assets all over the world. Buying QPR is a very brilliant move. It helps to increase his name in the overseas. And also will gain more from government too for promoting malaysia.

Posted by andylee1919 > 2014-11-04 17:48 | Report Abuse

CALVINTANENG... what is the intrinsic value of Berjaya Corp?

Posted by kokwai9319 > 2014-11-04 18:00 | Report Abuse

Hi Pang123, what is QPR?

Posted by malaysian > 2014-11-04 18:01 | Report Abuse

Hey guys when is bjcorp going to move....

Posted by Taka > 2014-11-04 18:07 | Report Abuse

Pang, you got it wrong. QPR owner is Tony F not VT.

Posted by calvintaneng > 2014-11-04 18:09 | Report Abuse

Andylee1919

This is a simple approach.

I bought Dutaland at 45 cents because it has NTA of RM1.00.

Ben Graham advocate a minimum 30% discount. So I value Dutaland at 70 cents. And Price rose past 70 cents already.


I will use the same yard stick for BJ Corp. Its NTA is RM1.30

So a 30% discount is 91 cents. So the Intrinsic Value should be 91 cents.

Posted by Cyborg > 2014-11-04 19:25 | Report Abuse

Hey guys when we can celebrate like people in Ifca n Bornoil :(

Posted by Cyborg > 2014-11-04 19:28 | Report Abuse

Need to go Hospital.... ICU stock...

Posted by jellygal27 > 2014-11-04 20:07 | Report Abuse

hahhaha LMFAO...Ben Graham...another insult...someone read his book upside down...

Posted by John1234 > 2014-11-04 21:18 | Report Abuse

Like it or not, the goreng master has this to say: Let me collect enough shares first. If you hold on so tightly, there is hardly any incentive for me to bid up the price for you to offload...

Posted by addylee > 2014-11-04 21:47 | Report Abuse

besok naik lagi

Posted by stevejab > 2014-11-04 22:04 | Report Abuse

masteel book value is 2.67, -30% = 1.80, now trading at 1 , should be a good buy when steel sector recover, kikikikiki

Posted by calvintaneng > 2014-11-04 22:34 | Report Abuse

Ma steel has too many private placement shares. Southern Steel would be better as Company offered to take it private but was unsuccessful. Current price is rm1.50, offer to privatize it was rm2.10. So Southern Steel has better support. I have sold both Masteel And Southern Steel already.

Posted by calvintaneng > 2014-11-04 22:40 | Report Abuse

With China steel dumping I think steel will at best grow moderately, worst will be oil palm and oil and gas counters as crude has crashed through the $80 barrier, better keep to Bj Corp as it is well supported by Company share buyback at 48 cents. Downside is well supported. Upside is Immense

Posted by stevejab > 2014-11-04 23:07 | Report Abuse

i prefer masteel, com has consistence quater earnings with terrific expansions, tp around 1.23 and mcn theme play still alive, yup southern steel a good buy too, i am holding bj as it has more good catalytic news going forward, masteel too has it

Posted by Cyborg > 2014-11-04 23:22 | Report Abuse

Game over sob sob sob....

Posted by pang123 > 2014-11-05 00:07 | Report Abuse

Oops. Cardiff city.. my bad.

Posted by ImCK > 2014-11-05 00:14 | Report Abuse

bjcorp safety stock

Posted by iswara > 2014-11-05 00:23 | Report Abuse

If u switching yr bj to ifca / censof / mpay / smrt /.....I think u hv trouble or xxble yr fund already. Further this rubbish stock dividen also a bit only.............

Posted by CleverBoy > 2014-11-05 10:26 | Report Abuse

Hi Calvin, why so much selling this counter. Seems never ending, Calvin. Sorry just to ask and we discuss, no finger pointing at you. We always think when we buy any stock, it must straightaway rock up to the moon. Patience. The selling is bugging me, Calvin. How are you by the way?

Posted by calvintaneng > 2014-11-05 10:44 | Report Abuse

CleverBoy

Good morning.

I am fine. In Singapore News Headlines today. Factory orders are ramping up for increasing export orders. Since BJ Corp depends on vast array of consumer & hotel businesses I think prospect is good.

As to people selling we can't stop them. We must look at the stock fundamental on its own. Years ago I bought Lafarge at 66 cents. People were dumping Lafarge by the millions/billions then.

Looking at BJ Corp at this price it is well supported by share buyback of 46 to 48 cents. I think downside is now limited. We will wait for the upside.

Posted by Seek > 2014-11-05 10:55 | Report Abuse

Calvin, regarding Mpcorpwhich has sold some land. What is the value compare to your valuation?

Posted by nas8878 > 2014-11-05 11:03 | Report Abuse

big sales at nexgram, can take look.. nexgram make profit in last few years.. very cheap now!!!!!!!!