Posted by davidkkw79 > 2017-12-21 16:15 | Report Abuse

loss 100 millions

Posted by kahhoeng > 2017-12-21 16:49 | Report Abuse

alas, why the misleading?

The losses is not that scary if you read into the quarter report, in section A7 on page 11:

There were no material events subsequent to the end of this current quarter that have not been reflected in the financial statements for this current financial quarter under review except for the non-payment of the balance sales proceeds amounting to RMB974.07 million (equivalent to RM620.33 million) ("Final Instalment"), to be received by Berjaya (China) Great Mall Co Ltd ("GMOC") from the disposal of GMOC Project as disclosed in Note B7(d).

GMOC, after having sought legal advice, will commence legal proceedings against Beijing SkyOcean and the Guarantors as it has strong grounds to recover the outstanding Final Instalment due to GMOC. Based on the legal advice in respect of the legal proceedings and the eventual enforcement of the claim award, the Directors estimated that the reasonable time frame to recover the outstanding Final Instalment is approximately 3 years.
Hence, in accordance to FRS 139 : Financial Instruments: Recognition and Measurement, GMOC has made a provision for impairment of RMB243.51 million (equivalent to RM155.08 million) in the current quarter under review to account for the time value of money for the full recovery of the outstanding Final Instalment.

Furthermore, BJLand has expressed its intention to sell its Vietnam project as disclosed in A3 on page 10. Based on its balance sheet, the project to be sold is worth at least RM 530 million:

The Group intends to dispose of certain of its projects and assets located in Vietnam and is currently in negotiation with some potential buyers. The Group expects the fair values less incidental expenses relating to the disposal of these projects and assets will be higher than its aggregate carrying amounts.

As such, no impairment loss is recognised on the reclassification of these projects and assets as held for sale for the period ended 31 October 2017.

Based on the above, BJLand is in a position of consolidating its balance sheet to pare down debt which is crucial if its to move forward...

Posted by tw01 > 2017-12-21 17:01 | Report Abuse

never underestimate stock market, sometimes whether company losses the stock go up as well...

Posted by freetospeak > 2017-12-21 17:01 | Report Abuse

i tot bjland owe sky ocean 600 million scare die me.....

Posted by abv8888 > 2017-12-21 17:05 | Report Abuse

BJC Q2 report announce will drop future

Posted by kahhoeng > 2017-12-21 17:07 | Report Abuse

Based on BJLand's most recent quarter report, BJLand has cash and equivalent of 906 million and debt (long term + short term) of 3740 million (these include the debt and cash of BJToto,) an equivalent of a net debt of 2840 million. BJLand is currently disposing its project in China and Vietnam valuing at least 1160 million. Post disposal and collection, BJLand shall have a net debt of 1680 million including the net debt of BJToto of approximately 700 million, leaving the net debt of BJLand at RM 1 billion if BJToto's businesses were to be excluded.

Hopefully, BJLand can get good price on its Vietnam project and a reasonable payment on Jeju project. If there is anything that BJCorp should be worried about BJLand, it would be its management and BODs ability to move forward with so many big shits but well paid salaries!

Posted by Bill Lim > 2017-12-21 22:08 | Report Abuse

So Guys? What do you think? BJLAND QR BIG LOSS. BJCorp QR what will happen??? Now should we sell? or Buy blindly like what calvin and raider said?

Posted by stockraider > 2017-12-22 00:35 | Report Abuse

AS RAIDER SAYS BJCORP COULD NOT FALL MUCH MAH...BCOS THE SHARE PRICE IS FULLY COMPRESS LIKE A SPRING...IT WILL NOT GO DOWN ANYMORE...EVEN WITH BAD NEWS....THIS IS BCOS OF MARGIN OF SAFETY OF BJC IS HIGH AS ITS FAIR VALUE EXCEED RM 2.00 LOH...!!

Posted by Eddysurge > 2017-12-22 02:22 | Report Abuse

靜靜就好！！谢谢！人为所不为。BJLAND big company gots talented & high paid educated staffs然道死肉嗎，果真如此，还不如说自身在遊乐园！

Posted by freetospeak > 2017-12-22 08:23 | Report Abuse

Bcorp bjland bjasset all pricare closing on par...coincidence?

Posted by freetospeak > 2017-12-22 08:24 | Report Abuse

Will vt going to merge or privatise this via share swap?

Posted by freetospeak > 2017-12-22 08:25 | Report Abuse

To form a super big conglomerate to undertake a very big project?

Posted by fzank > 2017-12-22 11:28 | Report Abuse

♫ I'm still waiting for a $$$$$ ..... Christmas ♫

Posted by Embrace Belief > 2017-12-22 12:21 | Report Abuse

For those who is trapped in bjcorp...I have prepare several phrases accordingly, feel free to use it in case suit your situation.

Son or daughter, sorry there is no santa clause in reality hence no christmas gift.

Girlfriend, sorry I m on diet hence there is no big christmas meal.

Wife, sorry I wish to save money to our future travel budget hence this coming christmas lets celebrate in house with TV.

Parent, sorry I am busy in ot for christmas hence no back hometown (in fact avoid pay parent angpao and cut transport cost).

Posted by Eddysurge > 2017-12-22 12:35 | Report Abuse

Embrace Belief, long term & periodic dividend or bonus,. Don't at bottom lower too long, otherwise, you feel this company something wrong & stupidity.

Posted by titus > 2017-12-22 14:05 | Report Abuse

jiak lat.....33c coming

Posted by moneykj > 2017-12-22 14:15 | Report Abuse

titus jiak lat.....33c coming

Expected already...Typical Terbalik King Calvin counter. Can't expect too much, earn few cents should let go.

Posted by SunLung > 2017-12-22 15:54 | Report Abuse

yes come to 33c go go wanna sapu

Posted by Danchan > 2017-12-23 01:57 | Report Abuse

Makan banyak kenyang loh...

Posted by Eddysurge > 2017-12-23 12:38 | Report Abuse

Wishing merry Christmas & happy new year to all ppl here. No angpow never mind, we get stronger & tougher coming wave I believed.

Posted by alenac > 2017-12-23 12:48 | Report Abuse

If management support between 31.5sen and 32.5en, can buy. If not it will move downwards further. Plus hopeful results will be better in next quarter.

Posted by Eddysurge > 2017-12-23 13:32 | Report Abuse

This bjcorp management if still ignore the market price,meaning they're intentionally push down so VT can collect or almost gone. Cons until privatise & traps newbies because nothing do to improved. But I still

Posted by Eddysurge > 2017-12-23 13:33 | Report Abuse

But I still believe VT will soon do something.

Posted by Eddysurge > 2017-12-23 13:58 | Report Abuse

alenac, why you said that? If they want, just pay rm50,000 & get call warrant for insurance.

Posted by Nekosan > 2017-12-23 16:35 | Report Abuse

prepare to have a new year Eve nightmare if you plan to hold it

Posted by Eddysurge > 2017-12-23 16:44 | Report Abuse

Do whatever you want....

Posted by Nekosan > 2017-12-24 21:47 |

Post removed.Why?

Posted by Danchan > 2017-12-25 00:19 | Report Abuse

For all of the above, I sincerely wish everyone merry Christmas and may all us here shower with loves and great health.
Enjoy the celebration ya!!!

Posted by Embrace Belief > 2017-12-25 18:36 | Report Abuse

I had read sinchew business by today, which recommendis bjfood as one of the next year investment theme. If no hope on bjcorp, maybe shift to bjfood. Just personal opinion.

Posted by fzank > 2017-12-26 14:41 | Report Abuse

♫ Last Christmas ... I bought some shares ..
but the very next week ... the share price went down ... ♫
This week ... to save me from tears ...
i'm gambling in genting highland ... woooahhh ♫ oh baby .....

Posted by kahhoeng > 2017-12-26 17:33 | Report Abuse

quarter report announcement, waiting, waiting, waiting.... judgment day?

Posted by Embrace Belief > 2017-12-26 18:37 | Report Abuse

Ganjeong moment is coming

Posted by Bill Lim > 2017-12-26 18:44 | Report Abuse

How is this QR going to have profit if last QR lose money and this QR BJLand and BJTOTO also drop QR?

Posted by kahhoeng > 2017-12-26 18:53 | Report Abuse

Bill Lim, quite frankly, I don't know... From my understanding, Ritz-Carlton Residences is completed and handed over to buyers in this financial quarter whose earning to be reported (I raised the project completion with the board during AGM and was informed, except clueless how it will affect the P&L?!?)

Posted by Bill Lim > 2017-12-27 10:44 | Report Abuse

Today so many stocks shoot up like a spring, while BJCorp sleep like a worm

Posted by Eddysurge > 2017-12-27 11:16 | Report Abuse

This bjcorp is out of reality, not reasonable & so many why????? B

Posted by laulau > 2017-12-27 13:10 | Report Abuse

The Duel has just started...guess who will win this round?, as BJCorp C4 warrants only left 0.05 sens with 1 more market day to 28/12 (expiry date of C4)?

Because of this gambling element in C4, Macquarie or its proxies will ensure the average price of BJCorp shares stay around 0.35~0.36 or lower depending on C4 price the day before Dec. 28, means chance of 5 days average price of BJCorp shares before Dec. 28 going higher than 0.35~0.36 is rather difficult right?

So for short term players, in order to have a fair chance of making money from BJCorp shares, market timing is everything...

Posted by Danchan > 2017-12-27 13:24 | Report Abuse

Very well said lau lau. Sapu lagi

Posted by Eddysurge > 2017-12-27 14:27 | Report Abuse

According to reported, VT said to show my commitment and accountability to our stakeholders. This phrase worth billions of ringgit.

Posted by FBMKLCI2015 > 2017-12-27 15:45 | Report Abuse

BJLand lost RM99mil. No chance for profit. Sell before too late.

Posted by Eddysurge > 2017-12-27 16:09 | Report Abuse

If show profit,not dividend also disappointed. But restructure & lausai management being changed, maybe can save cost & effective.

Posted by Bill Lim > 2017-12-27 22:13 | Report Abuse

Well everyone sold their BJCorp shares, that's why this forum become so dead quiet.

Posted by calvintaneng > 2017-12-28 03:40 | Report Abuse

For Calvin and Buddies Bj Corp is held tightly for longer term bright prospects.

And any weakness just add more!

Posted by Weida2000 > 2017-12-28 10:08 | Report Abuse

Better switch to hengyuen b4 RM18

Posted by Weida2000 > 2017-12-28 10:08 | Report Abuse

Hengyuen RM17.3++ lo EASY MONEY!!

Posted by Nekosan > 2017-12-28 11:01 | Report Abuse

buy bjcorp better. can buy more units. some more bjcorp tp is 10 haha

Posted by freetospeak > 2017-12-28 12:54 | Report Abuse

if bjcorp can hit 10..equal to 50 billion..its euivalent to hengyuan hit RM173.00 ...i think buy hy better ..haha

Posted by freetospeak > 2017-12-28 12:55 | Report Abuse

but i think bjcorp got the potential to hit RM10..but hy .,...think impossible..

Posted by freetospeak > 2017-12-28 12:56 | Report Abuse

my friend who joined petronas after considering hy say its peanut plant..lol..he say .petronas better..

Posted by freetospeak > 2017-12-28 12:59 | Report Abuse

wah ..divergent signal appear..maybe after today ..fly..lol