KLSE (MYR): BJCORP (3395)
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Last Price
0.405
Today's Change
-0.025 (5.81%)
Day's Change
0.40 - 0.425
Trading Volume
27,022,300
2024-08-03
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kahhoeng
3,926 posts
Posted by kahhoeng > 2016-12-17 08:32 | Report Abuse
Seems like BJCorp has been able to correct some past mistakes or sail through its issues:
1. Manage to grab the Vietnam Toto license and operate with success. Unfortunately, the profit sharing agreement with the Vietnam government is not revealed, wonder how it would show in the income statement?
2. Manage to complete Menara Bangkok Bank and soon Ritz-Carlton Residences. The project has been delayed for a few times. Menara Bangkok Bank was handed over sometimes in April-May this year and Ritz-Carlton Residences early next year. Just wonder where's the profit from completing Menara Bangkok Bank is showing?
3. Manage to complete Kyoto Four Season with an opening of the hotel October this year. Wonder the profit from selling the residences (half with the other hand yet to be sold) be shown in coming quarter report?
4. Manage to collect half of the payment from selling China property project. Wonder if the escrow account fund has been declared as BJLand's cash in hand in early balance sheet statement already?
5. Jeju project is still a court case, hope it will be resolved soon.
6. Cosway, a costly acquisition, seems not to benefit BJCorp much? Hope things will turn around soon for Cosway, just a bit doubtful given poor economic environment currently...