If you check history carefully you will find that iiinvestsmart, hjey, anbz, mrtigershark, jcool, mikekong55 came to attack PM Corp first. And I gave my defense.
Likewise russian and cyborg came here to provoke debate between BJ Corp & IFCA first.
Calvin Tan is not afraid of facing the truth.
There is neither Fear Nor Favour.
As For PM Corp & BJ Corp they will stand or fall on their Long Term Fundamental.
And I give my word to chrischan. If you still post nonsense here I have the same right to post my defense in IFCA Forum tomorrow.
I saw your post on Cenbond. Again very nostalgic for me.
I bought Cenbond at 50 cents when it was giving a really nice 10% dividend. I sold off all Cenbond above 80% for a nice 100% profit inclusive of dividend. After I sold Cenbond powered up over RM120 to my chagrin. Anyway, we have to let others make some.
Why I bought Cenbond?
I bought all Cement Companies when PM Badawi mentioned ETP (Economic Transformation Program). I also told people very early to buy ALL furniture counters due to ringgit crash.
Cenbond made Cement Bags for Many Cement Companies.
Cement & Cenbond were linked. All very profitable. Yes! You brought back nice nostalgic memory for me when you brought up IQ Group.
There were 300 Chinese Sales Men & Ladies specially Flown in from China.
Of the 9,000 units, 6000 already sold. According to these Bullish Chinese Bosses All These Surplus Units Will Be Easily Sold Off To Other Chinese Nationals.
Two powerful forces in motion
1) Chinese are increasingly buying up properties overseas like New York, Toronto, London, Sydney, Melbourne, HK & Singapore. So Iskandar will be the next Hotspot for China Nationals All these will sell like kacang putih
2) Iskandar is now relaxing rules for Foreign Property Buyers unlike KL, Selangor & Penang.
They already reduced from RM1 million to RM500K threshold for Vantage Bay by Peter Lim & Johor Sultan
THE ISKANDAR STORY IS JUST BEGINNING!
Hng33
Thanks for your latest description of these Nice Durians
Bjcorp continue to divest more Bjauto, these time through married deal, divest 10.4m share (part of the deal 2.7m is acquire by Bjauto CEO). Expect Bjcrop to realize cash gain about RM 30m, to be record in Q4 result
This is on top of two placement bjauto in 2014
10 Nov 2014: place out 50m share at RM 3.20 for RM 160.1m, realize gain RM 136.96m, to be record in Q3 bjcorp balance sheet and NTA
25 Nov 2014: place out 60m share at RM 3.20 for RM 192m, realize gain RM 164m, to be record in Q3 bjcorp EPS, balance sheet and NTA
Remark: Since Bjcorp already gradually trim down its stake in Bjauto, from initial 65.8% subsidiary to current latest 35.24%, a associate company to Bjcorp, Bjcorp have on 30 Dec 2014 have change accounting to reflect Bjauto as associate status and recognized its stake based on fair value at market price (RM 3.35/share) instead on cost of investment, Bjcorp is expect to recognized RM 859.82 unrealized gain, to be reflect in Bjcorp upcoming Q3 result in EPS, balance sheet and NTA.
Bjcrop Q3 also going to recognized previous two placement gain, the cash gain of RM 164m on 25 Nov to reflect in EPS, balance sheet and NTA. This gain of RM 164m will increase Bjcorp EPS as it trim down Bjauto from 44.16% (associate)to 36.76% (associate)
On the other hand, another gain of RM 136.9m, a placement on 10 Nov will only recognized in Bjcorp Q3 balance sheet and NTA. These RM 136.9m gain is result from Bjcorp trim down bjauto from 50.47 (subsidiary status) to 44.28% (associate status), therefore, it will not take into account in Bjcrop EPS, but will only reflect in its balance sheet and NTA.
All in, in upcoming Bjcorp Q3 result,
1. It will recognized placement gain of RM 136.96m as increase in 3.28sen/share to be reflect in NTA only due to above reason.
2. It will recognized placement gain of RM 164m as increase in 3.93sen/share to be reflect in both EPS and NTA.
3. It will recognized remaining 36.76% stake in Bjauto based on fair market value at RM 3.35/share, recognized a unrealized gain of RM 859.82m as increase of 20.63sen/share to be reflect in both EPS and NTA. These unrealized paper gain is gradually to recognized in cash based on latest transaction in which Bjcorp continue trim down its stake in bjauto.
In summary, coming Q3 result, Bjcrop NTA will increase by 27.84sen from RM 1.35 to RM 1.628 and Bjcorp EPS will realize 24.56sen. Shareholder may be no surprise if bjcorp declare special dividend or interim dividend in Q3 result !!??
On top of that, Bjcrop also keep on convert more Bjfood warrant by exercise right at 70sen in exchange for bjfood share at market value RM 2.93, pave way for next target to realize massive gain after Bjauto. + Bjcorp also in the midst to complete disposed some landbank to liquidized it non current assets (landbank) to current assest (cash). The landbank worth for RM 740m, and to realize RN 147m gain is expect to complete middle of these year and likely reflect in Bjcorp next Q4 result
kikikiki!!!!salient points to sell bjcorp!!!!!!UPDATE WITH POINT NO.12 and NO.13!!!!kikiki!!!good thing must be share frequently!!!!!!kikikikiki!!!!!
1.goreng stock 2.no fundamentals 3.no revalue asset because of tax 4.tan sri is not fool to revalue 5.too many unprofitable business in bjcorpse 6.gst shock to retailer business 7.hidden debt 8.huge volume share spread 9.too many frustrated seller on 41,41.5,42,42.5,43 cent 10.certified stagnant until 2026 11.opportunity cost getting expensive the longer you hold 12.bjcorpse wont give generous dividend to shareholder 13.certified value trap
kikikiki!!!!i want to read but hng33 delete!!!!kikikikiki!!!!!want me profiling hng33 and your other userID!!!!kikikiki!!!!sing con already scared i profiling him!!!!!kikikiki!!!!!
kikikiki!!!!i remember hng33 said no revalue asset is misleading!!!!!!correct la!!!!!sing con said nta if revalue sure bjcorose kabooom!!!!kikikiki!!!!!dont play with me if you are not smart enough!!!!kikikiki!!!!and dont delete!!!!kikikiki!!!!
kikikiki!!!!already habis goreng!!!!!that why value trap!!!!!kikikiki!!!!
1.goreng stock
Bjcorp seldom trade in most active volume list, without active volume, how bjcorp can tag as goreng stock !? Bear in mind, Bjcorp have capital base 4.167 billion share cpaital, par value is RM 1. Bjcorp in fact is one of the largest conglomerate listed in bursa.
a: Automotive: Mazda car (Bjauto) chrischan:wooooooooooooowWWWWWWWWW!!!!!so everyone driving mazda only!!!!!!!kikikiki!!!!
b: About 2000 consumer product comprising health, nutritional supplement, persona care, water filtration, cosmetic etc (cosway) kikikiki!!!!!!everyone shop at cosway onlllyyyyyyyyyyyyyyyyy!!!!can tell giant,tesco,aeon big,aeon all close shop!!!!!kikikikiki!!!!
c: Various fast food and coffee shop chain: Starbuck (Bjfood), Wendy, kenny Roger, papa John pizza, krispy kreme doughnut WOWWWWWWWWWWWWWWWW!!!!!!!everyone eat at this premium food only!!!!!!kikikkiki!!!!!!
d) Largest number forecast operator (toto), WOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!even i also buy big big big!!!!!!
e) Music CD (Radioshack) WOWWWWWWWWWWWWWW!!!!!kikikiki!!!no one download pirated music or watching youtube anymore!!!!!!kikkikiki!!!!!
f) Stockbroking (Inter-Pacific securities) kikikikiki!!!!!inter pacific is there to goreng tan sri stock!!!!!!!!!!!
h) Shopping mall (BTS, plaza berjaya, kota raya etc), kikikikiki!!!!!!!!!!!!!all mall are dead!!!!!!kikikikiki!!!
i) Education (Berjaya Universiy college, Informatics) kikikiki!!!!!tell all foreign college,utar and local university close door!!!!!!kikikiki!!!!
j) Various Resort hotel chain (Bjcorp), kikikikiki!!!!!!everyone only stay at bjcoprse hotel only!!!!!kikikiki!!!!!
k) Various property development (Ritz-Carlton residence, Menara Bangkok Bank, Berjaya Centra Park etc) kikikikiki!!!!this world revolves around bjcorpse only!!!!!!!!kikikiki!!!!!!
Lets re-examine and rectify what chrischan kikikiki!!!!salient points on Bjcorp
1.goreng stock
Bjcorp seldom trade in most active volume list, without active volume, how bjcorp can tag as goreng stock !? Bear in mind, Bjcorp have capital base 4.167 billion share cpaital, par value is RM 1. Bjcorp in fact is one of the largest conglomerate listed in bursa.
2.no fundamentals
Bjcorp no fundamental !? many of our daily consume bjcorp product such as
a: Automotive: Mazda car (Bjauto)
b: About 2000 consumer product comprising health, nutritional supplement, persona care, water filtration, cosmetic etc (cosway)
c: Various fast food and coffee shop chain: Starbuck (Bjfood), Wendy, kenny Roger, papa John pizza, krispy kreme doughnut
k) Various property development (Ritz-Carlton residence, Menara Bangkok Bank, Berjaya Centra Park etc)
3.no revalue asset because of tax
No revalue because of tax !!?? In REITS sector, all REITS stocks must conduct valuation on their properties asset to comply bursa rule. Even so, all REITS stock need no incur any tax, but just incur valuation cost. It is however need to incur gov tax if it decide to disposed their revalue properties assets, only then tax is applicable.
Bjcorp have many various properties investment like shopping mall, and hotel, all carry at their original cost of investment in book value. Unlike REITS sector, other stock not need to carry revaluation to comply bursa rules, therefore, to revalue or not solely is optional rather than compulsory by law like in REITS sector. Thus 'no revalue asset because of tax' is wrong statement.
4.tan sri is not fool to revalue
Again, these statement is misleading, Bjcorp need not to carry revalue their properties assets to accord bursa rule, unless, bjcorp decide to disposed these properties assets at revalue surplus. Again, to revalue their properties to market value is Optional rather than Compulsory. Bjcorp sister company Tropicana (control by VT brother) did revalue on its properties asset without incur tax and boost up Tropicana NTA. Hence, Bjcorp if want to follow its brother step, also can at any time revalue its properties assets market value, boost up its NTA.
5.too many unprofitable business in bjcorpse
Most of the bjcrop listed subsidiary and associate are profitable such as Bjtoto, bjfood, bjauto, bjland. Of course, some Bjcorp unlisted company could be in red, such as its hotel chain and education division due to lack of scale and depend on demand especially number of tourist to its resort hotel. Bjcrop unlisted division, a solid waster management is in fact operate under 30 year concession agreement and Bjcorp intend to list these division soon.
6.gst shock to retailer business
GST is 6% vs. fast food chain gov sale tax 10%. Therefore the implementation of GST 6% to replace gov sales tax 10% is actually reduce fast food price to consumer
7.hidden debt
hidden debt !!?? I think all debt, bank borrowing is state clearly in balance sheet.
8.huge volume share spread
huge volume share spread !? how big is consider big ? bjcorp is listed company, its share is trade everyday, and supply and demand volume is dynamic, changing everyday.
9.too many frustrated seller on 41,41.5,42,42.5,43 cent
Again, what is meaning of frustrated seller on 41,41.5,42,42.5,43 cent, it should rectify by from seller to buyer instead.
10.certified stagnant until 2026
How to certify !? you are neither fortune teller nor major shareholder
11.opportunity cost getting expensive the longer you hold
opportunity cost !? it should be rectify to a Golden opportunity to accumulate at current depress price due these hidden gem is awaiting to unleash.
12.bjcorpse wont give generous dividend to shareholder
Bjcorp did reward shareholder with small 1 sen final dividend, or about 2.27% pa income, yet still better than time deposit in bank. With bjcrop gradually realizing its investment in its listed subsidiary (cash from disposed 14% Bjauto RM 350m and recognized unrealized gain in remaining Bjauto stake 36.5% for RM 859m + realize its landbank for cash RM 740m) Bjcorp cash hoard is growing up tremendously by more than RM 1 billion from Q3 onwards. Therefore, shareholder could expect Bjcrop to declare higher dividend or even special dividend
13.certified value trap
Again, how to certified value trap !!?? be or not a shareholder of Bjcorp, it is nonsense to call their share a value trap. It is free market, every one is free to exercise their discretion decision to invest or not to invest in particular stock and bear individual own risk and enjoy own reward without need to someone 'certified'
kikikiki!!!!i remember hng33 said no revalue asset is misleading!!!!!!correct la!!!!!sing con said nta if revalue sure bjcorose kabooom!!!!kikikiki!!!!!dont play with me if you are not smart enough!!!!kikikiki!!!!and dont delete!!!!kikikiki!!!!
kikikiki!!!hng 33 said gst 6% reduce cost and good for bjcorpse!!!!!!kikikikki!!!!!!sure meHHHHHHHHHHHHHHH!!!!!!!gst is multi layer tax!!!!!!!service that not charged gst before already taxable after this!!!!!!!!!!kikikikiki!!!!!!!
kikikkiki!!!!!public bank effective fd rate 3.88%!!!!!!bjcorpse shareholder holding paper loss for 8 month!!!!!!hot air balloon paper gain min 100%!!!!!kikkikiki!!!!!hng33 holding paper loss until confuse!!!!!kikikiki!!!!!
kikikiki!!!!hope pray expect is same as gamble!!!!!!kikikikiki!!!!!
hng33 12.bjcorpse wont give generous dividend to shareholder
Bjcorp did reward shareholder with small 1 sen final dividend, or about 2.27% pa income, yet still better than time deposit in bank. With bjcrop gradually realizing its investment in its listed subsidiary (cash from disposed 14% Bjauto RM 350m and recognized unrealized gain in remaining Bjauto stake 36.5% for RM 859m + realize its landbank for cash RM 740m) Bjcorp cash hoard is growing up tremendously by more than RM 1 billion from Q3 onwards. Therefore, shareholder could expect Bjcrop to declare higher dividend or even special dividend
kikikikiki!!!!hng33 reallYYYYYYYYYYYYYY naive!!!!!!!!!!!rule no 86 - never ask question that you dont understand!!!!!!kikikikiki!!!!!and dont delete amend repost again!!!!kikikiki!!!
hng33 8.huge volume share spread huge volume share spread !? how big is consider big ? bjcorp is listed company, its share is trade everyday, and supply and demand volume is dynamic, changing everyday.
kikikiki!!!!salient points to sell bjcorp!!!!!!UPDATE WITH POINT NO.14!!!!kikiki!!!good thing must be share frequently!!!!!!kikikikiki!!!!!
1.goreng stock 2.no fundamentals 3.no revalue asset because of tax 4.tan sri is not fool to revalue 5.too many unprofitable business in bjcorpse 6.gst shock to retailer business 7.hidden debt 8.huge volume share spread 9.too many frustrated seller on 41,41.5,42,42.5,43 cent 10.certified stagnant until 2026 11.opportunity cost getting expensive the longer you hold 12.bjcorpse wont give generous dividend to shareholder 13.certified value trap 14.denial is dangerous.dont believe and make story when you holding paper loss
No matter what you write n say here....atuk keep accumulating n selling just to ensure end of month..prices remained stagnant until you lose out your faith...price break rm0.50' 60' Kikikiki
No matter what you write n say here....atuk keep accumulating n selling just to ensure end of month..prices remained stagnant until you lose out your faith...price break rm0.50' 60' Kikikiki
I just read Hng33 powerful rebuttal against chrischan! Chrischan is the number one liar and accuser in i3. Next time better get your facts and figures straight. 3 Cheers to Hng33! Clap! Clap! Clap!
kikikiki!!!sing con plsssssss answer pmcorpse 2014 good sales meaning before i repost!!!!!!kikikiki!!!profiling time!!!!know why i never go to other stock sing con claim make quick money!!!!because i know bjcorpse sing con largest holding and onlyyyyyy stock!!!!kikiki!!!!
Kikiki!!!life lesson!!!!average singaporean have rm1mil after conversion and retired but sing con!!!!!!kikiki!!!a poor Singaporean cant afford move to fresh air iskandar!!!!kikiki!!!polluted air in jurong West,go thru the traffic causeway!!!!!!so fun meh!!!!!!kikikiki!!!!
Today nanyang press boost bj auto and bjfood. ..kikikikikikiki. .. if son kaya, it will benefit his parents gradually.. 1 bil bj con story is coming... bjcorp LD broke its 0.71.. kikikikikikiki. . Bjcorp will hit 0.47 soon...
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....
calvintaneng
55,497 posts
Posted by calvintaneng > 2015-02-25 18:34 | Report Abuse
Dear Friends at BJ Corp Forum
These insinuations by chrischan is false.
If you check history carefully you will find that iiinvestsmart, hjey, anbz, mrtigershark, jcool, mikekong55 came to attack PM Corp first. And I gave my defense.
Likewise russian and cyborg came here to provoke debate between BJ Corp & IFCA first.
Calvin Tan is not afraid of facing the truth.
There is neither Fear Nor Favour.
As For PM Corp & BJ Corp they will stand or fall on their Long Term Fundamental.
And I give my word to chrischan. If you still post nonsense here I have the same right to post my defense in IFCA Forum tomorrow.