Posted by iwanttosuccess > 2016-08-09 16:45 | Report Abuse

"Having said so, it is still early days. I believe it will easily take another two to three years before Vietnam's lotto operation can start making material contribution to Group bottomline (the group targets full roll out within a period of 5 years).
In the meantime, investors had to contend with lack of core earning generator and high interest expenses of more than RM200 mil per annum.
Patience is required." ..........................


** Time to cut loss or hold on for years..?? **
Any advise is appreciated

Posted by Eddysurge > 2016-08-09 16:48 | Report Abuse

Icon is smart & clever & brainful but Tan sri is the top.

Posted by Eddysurge > 2016-08-09 16:53 | Report Abuse

Want good sleep , cannot put to much.

Posted by takashi86 > 2016-08-09 17:09 | Report Abuse

Yet another dull day ended with dull price..

Posted by firehawk > 2016-08-09 17:12 | Report Abuse

vt is a very very patience person :-)

Posted by Eddysurge > 2016-08-09 17:30 | Report Abuse

Tankuku, this stock susah cari makan. Tak dah mati sudah senyum.

Posted by hippo_yin > 2016-08-09 20:27 | Report Abuse

diok your kuku

Posted by kahhoeng > 2016-08-09 23:03 | Report Abuse

While applauding Icon888's detailed analysis on BJCorp, I believe his comment of No Muscle No Brain is a bit harsh, in particular:

(4) Gearing: Net loan of BJCorp ex-BJLand is 2.06 billion, and Icon8888 wonders how much BJCorp has to sell its equities to pare down this amount. Quite frankly, the Menara Bangkok Bank/Ritz-Carlton Residence project is worth RM 2 billion (this figure is based on what I read on the newspaper, the BJCorp investor relation gave me a slightly lower figure of around RM 1.55 billion.) Even to assume 75% sold (Menara Bangkok Bank is 95% sold according to BJCorp investor relation,) this net loan is not worrying at all.

(6) Property asset: BJCorp's property asset is not valuable compared to BJLand. Quite frankly, I found this statement to be puzzling. If anyone has visited Wisma Cosway, he/she would have noticed that the building is right across Pavilion Mall. Connected through skywalk, one can reach KLCC and Pavilion Mall with a short distance walk and it has only a RM 79.8 million carrying value on its book. Besides that, BJCorp is developing Jesselton villas on Penang Island (the old Penang turf club) and Link 2 Residences in Bukit Jalil. Err... hard to imagine why would Icon888 suggest BJCorp's property asset not attractive?

In my opinion, BJCorp has done nothing right for a while, from Jeju Airest City that was dragged into court, China property project that was delayed and eventually has to be sold (the above are under BJLand), Menara Bangkok Bank/Ritz-Carlton Residences that was supposed to be completed a year or two ago, and a pricy purchase of Cosway International (or is it Hong Kong, I can only recall its listed in Hong Kong) that ended up with little profit despite huge sales (the above two are under BJCorp.)

Though, things have changed. (1) BJLand has eventually acknowledged Jeju Airest City's failure and took South Korean government to court for compensation (2) BJLand has realized it is cash-strapped and can't take on too many projects at the same time and sold China property project (if I were not wrong, half of the sale proceed is currently in an escrow account already) (3) Menara Bangkok Bank is finally completed while Ritz-Carlton Residences is not far behind (expected to be the beginning of 2017 according to BJCorp's investor relation) (4) BJCorp has proceed to develop Jesselton villas in Penang (well, at least I have seen advertisement on the newspaper lately, before that, err... only rumor) (5) Cosway is gradually showing improving conditions (as Icon8888 mentioned, from a RM 60 million losses in 2014 to RM 21 million profit before tax)

Moreover, with the gaming license in Vietnam, it should become a cash generator for BJCorp, especially when the project is primarily parked under BJCorp, rather than BJToto. Quite frankly, its hard to tell when Vietnam Toto will provide significant cash flow to BJCorp, but should we wait until picture is clearer or begin to buy when knowing BJCorp is heavily undervalued when compare itself to even its subsidiary companies, BJLand and BJToto? I suppose I am willing to take some risk to buy first.

While Icon8888 is worrying BJCorp's profitability before Vietnam Toto has grown up, I suppose Menara Bangkok Bank/Ritz-Carlton project shall cushion its profitability for FY 2017. That should leave BJCorp's profitability in question only for FY 2018 assuming that Vietnam Toto is not growing fast enough to contribute towards BJCorp's profit in FY 2018.

Posted by kahhoeng > 2016-08-09 23:05 | Report Abuse

Oh, one thing is surely hasn't changed, that's VT and his never appreciating minority shareholders' interest attitude...

Posted by hippo_yin > 2016-08-10 00:45 | Report Abuse

huat ah

Posted by dreamer74 > 2016-08-10 01:12 | Report Abuse

BJland can't be anymore worst. Catalyst will be Vietnam Toto, buying in and wait. At 0.345 how bad can it go some more.

Posted by berjaya > 2016-08-10 05:55 | Report Abuse

At 0.345 heavily sell out with a heavily buy in. About time moving up or down....

Posted by berjaya > 2016-08-10 05:57 | Report Abuse

I am the little investor buy in ...

Posted by cfoong > 2016-08-10 09:20 | Report Abuse

BJCorp will only up...when it prepares to sell shares... or having share placement... kikikikiki... but after disposing for so many assets... it is no urgent need for the cash calls...then.. why the shares prices up??? kikikikiki... Tan Sri is Pandai Pandai one...

Posted by cfoong > 2016-08-10 09:39 | Report Abuse

if I m Tan Sri... surely I will press it down to 0.25,,, wth consistent div of 1 to 1.5 sen.. they and his "crony" will buy in the shares much mor... with better yield yearly... kikikikikiki...

Posted by tt101 > 2016-08-10 10:02 | Report Abuse

tui tui tui, ROI large figure

Posted by tt101 > 2016-08-10 10:03 | Report Abuse

some more, price high but Big boss not going to dispose, can see but no feel

Posted by tt101 > 2016-08-10 10:24 | Report Abuse

这个故事纯属虚构。只博君一笑

话说有个国家大佬，需要政治献金。就对企业大亨开口，你的执照每年都需我部门重批，没我你也别想好捞。大亨连忙解释，你看我的身家已大不如前，便知这几年我也不好过啊！心里暗想，幸好有把股价压低，不然，这个黑洞，永世填不满。就这样需意思意思的就过关了。

Posted by OngCheeTat > 2016-08-10 11:13 | Report Abuse

Looking for a boyfriend. Can someone help me out?

Posted by hippo_yin > 2016-08-10 11:17 | Report Abuse

insider news,
vietnam may be get football lisence

Posted by MatSaham > 2016-08-10 11:18 | Report Abuse

Satu penantian yang sungguh memberangsangkan

Posted by hippo_yin > 2016-08-10 11:40 | Report Abuse

all good news will annouce sekali gus gus within this year

Posted by CarlGustini > 2016-08-10 12:27 | Report Abuse

Agree with hippo. It will be a big announcement.

Posted by CarlGustini > 2016-08-10 12:28 | Report Abuse

Most importantly. We must engage

Posted by kahhoeng > 2016-08-10 12:53 | Report Abuse

Carl, where are you from? Foreigner also got insider news? Felt so bad being Malaysian without the 'insider news' portal

Posted by abv8888 > 2016-08-10 13:10 | Report Abuse

hippo how you get insider news ? you work in BJC ? or your Friend's friend tell you?

Posted by hippo_yin > 2016-08-10 13:23 | Report Abuse

abv ,都讲内幕了咯。哪里可以讲来源。

难道我跟你讲是越南政府call 我，跟我讲的

Posted by hippo_yin > 2016-08-10 14:11 | Report Abuse

outsider news, agent call me, next week can get money liao
this week you all tahan first

Posted by kinfatt999 > 2016-08-10 14:20 | Report Abuse

c liao la, c liao la

Posted by double > 2016-08-10 14:33 | Report Abuse

Apa c,hari-hari c lian..有病看精神科

Posted by hippo_yin > 2016-08-10 14:47 | Report Abuse

过后应该会limit up 几天

Posted by cyphua > 2016-08-10 15:09 | Report Abuse

河马的都不一样，最近你LG，被多方围剿，是不是想捞一笔跑路啊?

Posted by cyphua > 2016-08-10 15:11 | Report Abuse

只有河马才搞得定VT，加油!

Posted by hippo_yin > 2016-08-10 15:30 | Report Abuse

lg 是什么

Posted by rkgfantasy > 2016-08-10 15:38 | Report Abuse

lao gong lol

Posted by berjaya > 2016-08-10 16:17 | Report Abuse

Some investor trying press down share price. Sell share with small volume. Sell huge volume may success press down.

Posted by hippo_yin > 2016-08-10 16:25 | Report Abuse

cyp, 你干嘛叫人家老公?
只是陪过你一晚罢了

Posted by berjaya > 2016-08-10 16:34 | Report Abuse

This rich investor not bad sell 500k share in one transaction.

Posted by rkgfantasy > 2016-08-10 16:41 | Report Abuse

lol, 4pm got a guy buy 4000 lot ~

Posted by Duitlai > 2016-08-10 17:00 | Report Abuse

waiting for lucky numbers, 0.33333333333333333

Posted by yjinnvy > 2016-08-10 17:18 | Report Abuse

Another 31m loan stock converted. What is tan Sri plan?

Posted by klkk > 2016-08-10 17:55 | Report Abuse

Quite strange... something is brewing

Posted by pineapple > 2016-08-10 18:07 | Report Abuse

Costa brew .... 43 lucky no

Posted by kinfatt999 > 2016-08-10 20:03 | Report Abuse

c liao la, bjc, no more hope d

Posted by kinfatt999 > 2016-08-10 20:06 | Report Abuse

mana ada berjaya? hari hari turun,

Posted by hippo_yin > 2016-08-10 20:25 | Report Abuse

kinfatt, you fast fast sell...
you no sell, vt dun want push

Posted by kltan > 2016-08-10 20:28 | Report Abuse

Lottery sale keeps increasing. Good sign.

Posted by rkgfantasy > 2016-08-10 22:29 | Report Abuse

i think they push down the price purposely, so they can allocate more share and entitle the 3% extra share, the best way to put teasure share into self pocket, this the reason why he convert the ICUL also, if price is eventually RM1, convert now get 3% more ~

Posted by hippo_yin > 2016-08-10 22:53 | Report Abuse

convert liao he will sell

Posted by LeongCheeWan > 2016-08-11 08:51 | Report Abuse

Big announcement soon