Posted by datuk > 2014-11-25 16:29 | Report Abuse

Super great angpow in the line For wiser Iinvestors
Kikikik

Posted by datuk > 2014-11-25 16:30 | Report Abuse

Are u wiser? Are u an intelligent investors?

Kikikikiki

Posted by datuk > 2014-11-25 16:34 | Report Abuse

The journey to richer need to involves cos...n there is always way to riches! !

Kikikiki

Posted by datuk > 2014-11-25 16:35 | Report Abuse

The rd c...so to speak...kikikik

Posted by cfoong > 2014-11-25 16:36 | Report Abuse

kikikikikiki...downtrends... if only economy downtrends, the stock market may only go up!!... u see DAX, DOW JONES last few yrs...and now JAPAN!... All up becoz ecomony problems... kikikikikikiki...

Posted by cfoong > 2014-11-25 16:37 | Report Abuse

I m waiting for the special dividen angpow all the ways from Times Squares... Tan Sri...

Posted by calvintaneng > 2014-11-25 16:37 | Report Abuse

kikiki tuk tuk tuk

apa macam?

orang kampung datang

Posted by datuk > 2014-11-25 16:37 | Report Abuse

The extra ordinary gain requires various proposals..kikiki

Posted by datuk > 2014-11-25 16:38 | Report Abuse

M p...so to speak....

Blaim your self if u still dun see it.
.kikiki

Posted by datuk > 2014-11-25 16:42 | Report Abuse

Rm0.70 tp....

Kikiki

Posted by calvintaneng > 2014-11-25 16:46 | Report Abuse

betul kah tuk?

dulu pun cakap 70, 1.00 dan 1.50

lepas nya cakap jatuh bawah 45.5

sikalang naik balik 70 sen

tuk tuk tukar tukar?

Posted by cfoong > 2014-11-25 16:47 | Report Abuse

mid term target 0.64 remains intact!!... kikikikikikikikiki

Posted by datuk > 2014-11-25 16:58 | Report Abuse

Sing con...dun trust atuk...ok..

What's is the difference between rm0.455-rm0.47?

Kikiki

Posted by veryts > 2014-11-25 17:04 | Report Abuse

PN17

Posted by mmmmmmmm > 2014-11-25 17:11 | Report Abuse

buy for Christmas in holland!!!!

Posted by veryts > 2014-11-25 17:15 | Report Abuse

negative PE stock, research houses don't even want to touch
punting based on rumours and speculation is not a strategy, it's gambling
if want to gamble can go to i3gamblers.com

Posted by albukhary > 2014-11-25 17:49 | Report Abuse

Datuk, TP RM0.7 is by December or January or February?

Kikikikiki

Posted by cfoong > 2014-11-25 18:13 | Report Abuse

kikikiki, another round of bjauto placement wth approx 192 mil rm and massive share buy bak today...11341...kikikiKiki... runtuh bjcorp??? aiyoo.. putus harapan lo... kikikikikikiki

Posted by cfoong > 2014-11-25 18:16 | Report Abuse

for me... bjcorp decision to place out bjauto and use cash to buy bak more shares are the most pan lei one... kikikikikikiki

Posted by iQBE189 > 2014-11-25 18:22 | Report Abuse

A LOT PPL DREAM... BUT ONLY SOME PPL RICH...

Posted by hng33 > 2014-11-25 19:01 | Report Abuse

Bjcorp placement Bjauto

20 May 2014: placement price RM 2.0 for total 14.25%, raise RM 230m
16 Jun 2014: placement price RM 2.27 for total 1.34%, raise RM 24.5m
20 May 2014: placement price RM 2.27 for total 1.14%, raise RM 20.88m
10 Nov 2014: placement price RM 3.20 for total 6.19%, raise RM 160.18m
11 Nov 2014: placement price RM 3.20 for total 0.12%, raise RM 3.02m
25 Nov 2014: placement price RM 3.20 for total 7.42%, raise RM 192.0m

In total, Bjcorp place out total 30.46% stake in Bjauto, reduce stake to 36.74%. Bjcorp raise total proceed of RM 630.6m and realize TOTAL GAIN RM 528.63m, translating into gain of 12.7sen /bjcorp share

Posted by kahhoeng > 2014-11-25 19:06 | Report Abuse

excellent announcements today, from share buy back to share placement, 650 mln

Posted by kahhoeng > 2014-11-25 19:12 | Report Abuse

should I feel good about adding bjcorp today?

Posted by hng33 > 2014-11-25 19:51 | Report Abuse

Just over last 6 month, bjcorp have gradually materialize its assets into cash, together with Bjauto share placement for total RM 630.6m (gain 528.63m) and land disposal for RM 760m (gain RM 136m), Bjcorp have liquidize these investment for RM 1.39 bil total cash. These cash of RM 1.39 bil enable Bjcorp to strengthen its balance sheet significantly, boosting its cash hoard, reduce borrowing and more importantly, Bjcorp manage to realize total gain RN 665m from just these two investment, translating into gain of 16sen/share.

Posted by tt101 > 2014-11-25 21:03 | Report Abuse

Wow, BjCorp Canteeeeek

Posted by hng33 > 2014-11-25 22:20 | Report Abuse

To kahhoeng and anyone in these forum

Many have wonder why Bjcorp is not realize EPS gain in Bjauto IPO at 70sen and later on its first major placement in 20 May after IPO, divest 14.25% at RM 2.00/Bjauto share for RM 230m and realize gain RM 188m. The reality is that Bjcorp through series of share exchange with original shareholder, Bermas Motor to control 67% of bjauto in conjunction with Bjauto IPO. Therefore, Bjcorp itself have NOT realize any gain yet in the IPO. The first Bjcorp manage to realize its investment gain in Bjauto is through first placement after Bjauto IPO, and have realize gain RM 188m (4.5sen/share). But, these realize gain is have not translate into increase EPS in Q1 (1 May-31 July).

Lets me clarify, this is because Bjcorp still hold 53% stake in Bjauto despite the first placement of 14.25, therefore, Bjauto still remain as Bjcorp subsidiary. According to the current accounting standard, The realize cash proceed in subsidiary company is taken directly to the Bjcorp reserve, which essential mean that the realize cash proceed of RM 230m is take into account in Bjcorp increase in reserve, increase in total equity fund and net asset increase from RM 1.24 to 1.30. The gain of RM 188m for the placement is also reflect in Bjcorp increase in cash hoard.

Therefore, in summary, despite the actual gain from placement of RM 188m or 4.5sen/share, but it is not reflect in Bjcorp EPS in Q1 due to the fact that Bjauto still remain as Bjcorp subsidiary.

(Remark: It cause disappointment in Bjcorp investor after seeing Bjcorp report miserable EPS in Q1)

However, situation now have change, Bjcorp have subsequently continue place out Bjauto share, reducing further its stake from 53% to current 36.74%, changing Bjauto from subsidiary status, becoming a associate company of Bjcorp. Therefore, all these latest gain from placement will be record in Bjcorp next upcoming Q3 (1 Nov - 31 Jan), estimate realize gain to reflect in Bjcorp EPS is 7.2sen/share.

(Remark: Investor prefer to judge company based on handsome EPS rather than need to read through balance sheet to see company increase in reserve, equity, cash balance or net asset)

Posted by carson8 > 2014-11-25 22:20 | Report Abuse

eps 16cts for this coming quater, like that fly lol kikikikikiki

Posted by cfoong > 2014-11-25 22:24 | Report Abuse

happy or not? I believe more to come .... 1) Cosway! 2) Ritz Carlton! 3) Sales of BJFood 4) Cash out more lands or properties! 5) List of his environmental business 6) Toto Vietnam Kick off... and etc... kikikikikikiki.... 7) Casino, for me... it will not be a good news!... but definitely not the 1) Coffin, 2) Con man! 3) Cheating! kikiki

Posted by Lewis Lee > 2014-11-25 22:27 | Report Abuse

Hng33, Thanks for the accounting analysis ! Brilliant !

Posted by Lewis Lee > 2014-11-25 22:31 | Report Abuse

One thing, I read that many investors / reporters / even analysts (yes, how horrible !!) still not sure whether MOL is in fact their subsidiary or associate, or has any link with BJ Corp at all due to cunning corporate structuring by VT ......
Mr. hng33, can you shed some light ?

Posted by Lewis Lee > 2014-11-25 22:34 | Report Abuse

Most of the financial news I read, never says that MOL is anyhow linked with BJCorp, mostly linking MOL to VT or Johor Sultan, despite strong advocate from our "top i3investor guru" Calvin Tan that it is somehow linked to BJCorp ....

Posted by sunztzhe > 2014-11-25 22:46 | Report Abuse

hng33,
I truly salute you for your detailed work but more importantly your BRILLIANT INCISIVE insights and comments arising from your research work. IF one goes through the management comments in Q2 2014 report , the management of BJCORP had already expressed confidence that the year end report on 30/4/2015 will be GOOD!!!

BJCORP had already started its turnaround starting Q2 2014.It's fundamentals will improve significantly in the near future. That is the reason why I had invested in BJCORP as this is another of my turnaround stock selection. My basis of decision is as follows:
- BJCORP had taken 3 years to bottom out
- It is now in sideways consolidation. The longer the sideways consolidation, the stronger will be the trend reversal
- Its fundamentals started to improve starting Q2 2014 and will improve further in the near future.
- Price Downside at current price levels is VERY LIMITED but PRICE UPSIDE will be quite SIGNIFICANT the longer it consolidates at current price levels

Posted by kahhoeng > 2014-11-25 22:48 | Report Abuse

hng33, if I were not wrong, should BJCorp has management control over BJAuto, BJCorp can still classify BJAuto as subsidiary, right? Also, even if BJAuto is to be classified as associate, the gain will not show in quarter report to be presented in December, but only the one to be presented in March, given that the disposal has just be completed, right?
thanks, your thorough work, either in Puncak or BJCorp, are really helpful

Posted by addylee > 2014-11-25 22:56 | Report Abuse

as long as VT is there, there is nth much to worry .. accumulating for $$ in future.. wait and see approach

Posted by carson8 > 2014-11-25 23:08 | Report Abuse

when we invest i believe its important to know who helm it, vt ,he has vast business experience and the might to bring it up, might in the form of money and talent and to me, most important of ,actively , WHOLE HEARTEDLY building up this bj empire. what more do you want , price at real low , huge assets and an experience captain almost sure of bringing in positive business development kikikikikiki

Posted by optimusvictim > 2014-11-26 05:13 | Report Abuse

Wakaka

Posted by cfoong > 2014-11-26 07:13 | Report Abuse

kikikikikiki.... 1st milestone.. breaking of 0.50...

Posted by cfoong > 2014-11-26 08:07 | Report Abuse

MOL will reschedule the qtr results announcement on 1-12-2014... closed at 4.09, discount of approx 65% from the lPO prices of 12..... Tan Sri likes FB story!.. kikikikikiki .. if 3395 return is only 20 to 25%... how abt MOL???.. kikikikikiki.. Great Warrior will conquer MOL...kikikikikiki

Posted by cfoong > 2014-11-26 08:13 | Report Abuse

For MOL, if i m not wrong... 3395 has minor stake into it thro one of his subsidiary... ocoz Tan Sri has most of the shares, The MOL founder and also recently, Baginda Sultan Johor...

Posted by tt101 > 2014-11-26 08:38 | Report Abuse

ACT 125
COMPANIES ACT 1965 (REVISED - 1973)
PART I - PRELIMINARY

Section 5. Definition of subsidiary and holding company.

(1) For the purposes of this Act, a corporation shall, subject to subsection (3),
be deemed to be a subsidiary of another corporation, if—

(a) that other corporation—

(i) controls the composition of the board of directors of the first-mentioned
corporation;

(ii) controls more than half of the voting power of the first-mentioned
corporation; or

(iii) holds more than half of the issued share capital of the first-mentioned
corporation (excluding any part thereof which consists of preference
shares); or

(b) the first-mentioned corporation is a subsidiary of any corporation which is
that other corporation's subsidiary.

(2) For the purposes of subsection (1), the composition of a corporation's board of
directors shall be deemed to be controlled by another corporation if that other
corporation by the exercise of some power exercisable by it without the consent
or concurrence of any other person can appoint or remove all or a majority of the
directors, and for the purposes of this provision that other corporation shall be
deemed to have power to make such an appointment if—

(a) a person cannot be appointed as a director without the exercise in his favour
by that other corporation of such a power; or

(b) a person's appointment as a director follows necessarily from his being a director
or other officer of that other corporation.

(3) In determining whether one corporation is a subsidiary of another corporation—

(a) any shares held or power exercisable by that other corporation in a fiduciary
capacity shall be treated as not held or exercisable by it;

(b) subject to paragraphs (c) and (d), any shares held or power exercisable—

(i) by any person as a nominee for that other corporation (except where that
other corporation is concerned only in a fiduciary capacity); or

(ii) by, or by a nominee for, a subsidiary of that other corporation, not being a
subsidiary which is concerned only in a fiduciary capacity, shall be treated
as held or exercisable by that other corporation;

(c) any shares held or power exercisable by any person by virtue of the provisions
of any debentures of the firstmentioned corporation or of a trust deed for
securing any issue of such debentures shall be disregarded; and

(d) any shares held or power exercisable by, or by a nominee for, that other
corporation or its subsidiary (not being held or exercisable as mentioned in
paragraph (c)) shall be treated as not held or exercisable by that other corporation
if the ordinary business of that other corporation or its subsidiary, as the case
may be, includes the lending of money and the shares are held or power is
exercisable as aforesaid by way of security only for the purposes of a transaction
entered into in the ordinary course of that business.

(4) A reference in this Act to the holding company of a company or other corporation
shall be read as a reference to a corporation of which that last-mentioned company
or corporation is a subsidiary.

Posted by taka > 2014-11-26 08:43 | Report Abuse

Nasdaq halts trading of MOL pending information

http://www.thestar.com.my/Business/Business-News/2014/11/26/Nasdaq-halts-trading-of-MOL-pending-information/?style=biz

Posted by jtpc2006 > 2014-11-26 09:40 | Report Abuse

BJcorp still a losing trade for us.

Posted by hng33 > 2014-11-26 09:42 | Report Abuse

kahhoeng

That is not true, to be subsidiary of the holding company, it must control at least 50% stake. Take for example, IGB is associate company of Goldis, as it control 32% stake, and only equity account for IGB earning despite IGB management control by Golids. But, after Goldis increase stake to 73% in IGB, it is now a subsidiary of Goldis and it can fully consolidate IGB earning in Goldis financial accost but minus minority interest 27%.

Posted by helang008 > 2014-11-26 09:43 | Report Abuse

currently MOL is wake point for Bjcorp , coz as previously when they promoted Bjcorp, they related to MOL stake.

Posted by hng33 > 2014-11-26 09:44 | Report Abuse

Lewis Lee

I agreed, many people here either purposely or confusingly mislead that MOL is subsidiary/associate of Bjcorp. The true is, MOL is control by VT and is his private investment and list now in NASDAQ. It can consider as sister company of Bjcorp as both share common major shareholder. Similarly, neither 7-eleven nor U-mobile are subsidiary/associate to Bjcorp, Both of these 7-eleven and U-mobile are control by VT BUT not Bjcorp. But, again all consider as sister company. The fact that, as sister company, BJcorp have to seek shareholder approval in AGM for related company transaction with MOL, 7-eleven and U-mobile. That all, they are have business relationship but never a ownership relationship.

Take for example, PJdev, OSK and OSK properties, all control by same major shareholder, therefore, their relationship is sister company, and related transaction buiness need share holder approval. It is until recently, the major shareholder initiate take over PJ dev, OSK prop to consolidate them under OSK control, becoming subsidiary or associate own-ship relationship.

Posted by Nancy Tang > 2014-11-26 09:45 | Report Abuse

Don't fish in troubled water !

Posted by hng33 > 2014-11-26 09:46 | Report Abuse

helang008

Although here is open forum, anyone free to share information, but confusing and mislead information need to rectify.

Posted by xjteh > 2014-11-26 09:46 | Report Abuse

calvintaneng, molg now is just usd 4, would u still it is worth to buy & cheaper than PPB?

Posted by cfoong > 2014-11-26 09:49 | Report Abuse

MOL for BJCorp is a small matter la... time to break 0.50!

Posted by cfoong > 2014-11-26 09:50 | Report Abuse

kikikikiki... all ready to break the 1st barrier... lai lo... 0.50.. koyak!