Posted by tt101 > 2018-01-12 08:43 | Report Abuse

Bro, sorry lor...
itu spring dah reput...
tak kenyal dan lekat jadi besi buruk
tunggu aje jual karang guni kalau nasib baik.

kalau tak de rezeki, kena sewa lori hantar kasi buang........

Posted by Dennis NP Lee > 2018-01-12 16:09 | Report Abuse

ya ha ha down again to 0.35 right ! see-saw game !

Posted by GG_Liang > 2018-01-12 17:02 | Report Abuse

呵呵

Posted by kahhoeng > 2018-01-12 17:49 | Report Abuse

waiting, waiting, waiting, when'll BJCorp announce the details of the over 1 billion assets awaiting disposal?!?

Posted by Embrace Belief > 2018-01-12 18:50 | Report Abuse

Bjcorp counter make investor live in apartment change to condominium .....

Posted by titus > 2018-01-13 14:38 | Report Abuse

@tt101....lol..
So funny but yet so true.

Posted by stockraider > 2018-01-13 14:50 |

Post removed.Why?

Posted by laulau > 2018-01-13 19:12 | Report Abuse

LAND & PROPERTY RELATED?

1. Can anyone find out the latest update on the award of Jeju Land Project Compensation to BJLand/ BJCorp for losses and damages incurred by the Korean Court? It's already coming to Year 3 since the first legal proceeding commence on 6 November 2015. Once the Korean Court awards the Jeju Land Project Compensation in 2018, there will probably be an extraordinary gain/ reverse of impairment provisions on the Jeju Land Project in BJLand/ BJCorp's latest financial account?

"The Seoul Central District Court was accordingly informed of the abovementioned developments during the first court hearing of the JDC Lawsuit held on 7 March 2016. " This Announcement is dated 23 March 2016
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5038553

2. At the sixth court hearing on 14 October 2016, the presiding judge had agreed to BJR's application to conduct a land price appraisal of the Jeju Project. The presiding judge had also made an inspection of the Jeju Project site on 25 November 2016. As at the date of this announcement, the land price appraisal report of the Jeju Project has been completed by the court appointed land appraisal company and the land price appraisal report has been submitted directly to the court. The JDC Lawsuit is still on-going.

3. Announcement of Jeju Land Project Compensation to BJLand for losses and damages incurred, by Korean Court in 2018 (land appriasal report submitted to Korean court for consideration in December 2016?) since the land price appraisal report of the Jeju Project has been completed by the court appointed land appraisal company and the land price appraisal report has been submitted directly to the court for consideration as of end 2016 and reported in BJLand quarterly report ended 31 Jan. 2017?

refer page 20. Berjaya Corporation Berhad
Date: 28 December 2017
Subject: UNAUDITED QUARTERLY (Q2) INTERIM FINANCIAL REPORT FOR THE PERIOD ENDED 31 OCTOBER 2017
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5650097

Posted by GG_Liang > 2018-01-13 19:21 | Report Abuse

呵呵

Posted by kahhoeng > 2018-01-15 14:11 | Report Abuse

Read in Focus, Ritz Carlton Residences is only handed over on Dec 08 last year, no wonder sales figures and profits not shown in the quarterly results...

Posted by laulau > 2018-01-15 16:16 | Report Abuse

We think the profits from sales of Ritz Carlton Residences will be reflected in BJLand/ BJCorp coming qtr results?

The total gross development value (GDV) is RM1.18 billion. Already 60% sold in Dec. 2017?

"kahhoeng Read in Focus, Ritz Carlton Residences is only handed over on Dec 08 last year, no wonder sales figures and profits not shown in the quarterly results..."

Quote "Berjaya Land reintroduces newly designed Ritz-Carlton Residences Kuala Lumpur

Berjaya Land Bhd has reintroduced its Ritz-Carlton Residences Kuala Lumpur, located at the intersection of Jalan Sultan Ismail and Jalan Ampang, with new interior design concepts.

The luxury residences are designed by world-renowned, multi-award winning interior design firm Peter Silling & Associates.

“Buyers can now choose from three interior design concepts — Modern, Classic and Finesse — to match their own individual styles," said Berjaya Land CEO and director of Wangsa Tegap Sdn Bhd Datuk Francis Ng in his welcoming remarks at the media preview of the newly designed project.

The 48-storey project offering residential suites is developed by Wangsa Tegap, a wholly-owned subsidiary of Berjaya Corp Bhd. The total gross development value (GDV) is RM1.18 billion.

Sitting on a 2.7-acre freehold site and one of the two towers at Berjaya Central Park, the Ritz-Carlton Residences consists of 288 suites with unit sizes ranging from 1,023 sq ft to 4,284 sq ft. Prices start from RM2,500 psf while the maintenance fee is RM1 psf.

“The residences are slated for completion by 1Q2017 as it is now 91% to 92% completed. The current take-up rate is at 30% so we are eyeing to achieve another 30% — making it 60% by this year end.

“Also, the tenant ratio is 50% foreigners and 50% locals. This development is targeted at high-net-worth individuals where 30% of our buyers are actually multimillionaires,” he claimed."

https://www.edgeprop.my/content/888755/berjaya-land-reintroduces-newly-designed-ritz-carlton-residences-kuala-lumpur

Posted by kahhoeng > 2018-01-15 17:54 | Report Abuse

Ritz-Carlton Residences is developed by BJCorp's subsidiary and has nothing to do with BJLand. Think its only mentioned because BJLand is the company being published...

The project is completed a few months ago, well, that's according to the guy in the newspaper when asked during the AGM. When reading through the quarter report, though, the sales and profit don't seem to be included then. Only when I read it in Focus today that Ritz-Carlton Residences is only handed over to buyers early last year. Thus, I believe the sales and profit will show during coming quarter report announcement that reflect Nov '17 - Feb '18 performance.

Posted by laulau > 2018-01-15 18:30 | Report Abuse

The Ritz-Carlton Residences, Kuala Lumpur, Jalan Sultan Ismail is developed by Wangsa Tegap a subsidiary of BJCorp on "The Land" owned by BJLand, that's why it was mentioned by Edge Property that Berjaya Land Bhd has reintroduced its Ritz-Carlton Residences Kuala Lumpur, located at the intersection of Jalan Sultan Ismail and Jalan Ampang, with new interior design concepts. So any sales and profits from the Ritz-Carlton Residences will also accrue to both BJCorp & BJLand.

See BJLand's extensive Land Bank in KL and Malaysia
https://klse.i3investor.com/files/my/blog/img/bl1338_screen_shot_20160731_at_1.28.18_pm.png

https://klse.i3investor.com/blogs/icon8888/99941.jsp

Posted by laulau > 2018-01-15 21:41 | Report Abuse

The Berjaya Group accounted for the construction and development of the Ritz-Carlton Residence in accordance with MFRS 111 and MFRS 118 (to be replaced by MFRS 15: Revenue from Contracts with Customers), whereby Revenues from the sale of units can only be recognized once the unit is sold and handed over to the buyer. While Construction Contract Contract costs are recognised as expenses in the period in which they are incurred.

"That's why the Sales & Profits don't seen to be included ( recognised) in BJCorp/ BJLand earlier Quarterly Financial Reports (until Ritz Carlton Residences is handed over on Dec 08 2017 to the Buyers).

However all the construction contract cost for development of Ritz-Carlton Residence has been recognised as expense in the period they were incurred earlier.

Refer Pg. 54 BJCorp Annual Report 2016

The potential compensation from Jeju Land Project to be awarded by the Korean Court in 2018 could be in the region of RM541,965,000 for BJLand & BJCorp!

NOTES TO THE FINANCIAL STATEMENTS - 30 APRIL 2016
(l) Status of Berjaya Jeju Resort Limited (“BJR”) project

BJR has previously commenced development activities on Jeju Island, South Korea (“Jeju Project”) over certain parcels of land purchased from Jeju Free International City Development Center (“JDC”) in 2009. These lands were expropriated by JDC from various landowners. On 20 March 2015, the Korean Supreme Court ruled that the expropriation of the lands by JDC from these landowners was invalid. As explained in Note 42(6), BJR has suspended the development of the Jeju Project due to the breach of the terms and conditions of the land sale and purchase agreement (“Land SPA”) by JDC when it failed to deliver unencumbered titles to the said lands to BJR.

BJR has commenced legal proceedings against JDC seeking compensation for damages incurred which include the costs incurred by BJR in developing the Jeju Project. The outcome of the legal proceedings will determine whether BJR is able to recover the costs amounting to RM541,965,000 incurred to-date on the development of the Jeju Project.

Based on the legal opinion obtained from its lawyers, BJR has determined that it has the legal right to claim for damages under the Land SPA, Korean Civil Code and case precedents established in the Korean Courts. BJR’s lawyers have also opined that it is probable that BJR will prevail in its lawsuit against JDC on the claim for costs incurred.

Refer Pg. 60 BJCorp Annual Report 2016
http://www.berjaya.com/pdf/annual-reports/bjcorp16.pdf

Posted by kahhoeng > 2018-01-15 21:52 | Report Abuse

Laulau, thanks... VT son suggested during the AGM that they have no problem getting compensation for the JEJU project at full cost, but they want more, so the whole process will take time and they are not certain how long it would take...

Posted by laulau > 2018-01-15 22:49 | Report Abuse

Thanks for sharing information on the response from TSVT's son during the last AGM with regards to the confirmation on getting compensation from the Jeju Project at full cost...based on Berjaya's legal experience the estimate time frame is approximately 3 years...

Since first legal proceeding commence on 6 November 2015 and since the land price appraisal report of the Jeju Project has been completed by the Korean court appointed land appraisal company and the land price appraisal report has been submitted directly to the court for consideration as of end 2016 and reported in BJLand quarterly report ended 31 Jan. 2017?

The Announcement of the Jeju Land Project Compensation to BJLand for losses and damages incurred, by Korean Court should be due in 2018...as approximately 3 years already?

Quote "Based on the legal advice in respect of the legal proceedings and the eventual enforcement of the claim award, the
BLand board of directors estimated that the reasonable time frame to recover the outstanding Final Instalment is approximately 3 years"

Refer Pg. 10
BERJAYA CORPORATION BERHAD
UNAUDITED INTERIM FINANCIAL REPORT FOR THE PERIOD ENDED 31 OCTOBER 2017
NOTES TO THE INTERIM FINANCIAL REPORT
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5650097

Posted by kahhoeng > 2018-01-16 11:03 | Report Abuse

laulau, didn't read that part, thought the 3 years was referred to BJLand's claim on China Property Project disposal final settlement?!?

Just hope that BJCorp will be able to report at least RM 100 million profit from the Ritz-Carlton Residences project through the 50% sold...

Posted by laulau > 2018-01-16 11:27 | Report Abuse

With the money received in 2018 from:

1. Jeju Project Compensation of minimum RM542 millions...
2. 60% sales & profits of RM1.18 Billion GDV for Ritz-Carlton Residences as most contract construction cost has been accounted for earlier...

will more than cover the deferment of payment from the China property project disposal...2018 maybe the year for TSVT to restructure Berjaya group including BJCorp, BJland and BJAssets?

Quote "Vincent Tan’s return may signal expansion drive

Tycoon Tan Sri Vincent Tan’s return to the helm of conglomerate Berjaya Corp Bhd has fuelled talk of possible major developments in the near future, including overseas expansion.

On Nov 1, after more than five years in retirement, Berjaya Corp announced Tan’s return to the board of directors as executive chairman. His son, Datuk Seri Robin Tan, 43, will relinquish his position as group chairman while retaining his position as CEO."

http://www.focusmalaysia.my/Mainstream/vincent-tan-s-return-may-signal-expansion-drive

Posted by laulau > 2018-01-16 11:48 | Report Abuse

Just wondering how U Mobile will fit into Berjaya Group's Restructuring Plan under BJCorp, BJLand & BJAssets?

Quote" U Mobile speeds past 10% market share, nears IPO

“What we spoke of last year remains on track — ebitda (earnings before interest, taxes, depreciation and amortisation) positive by this year and IPO by next year. But we cannot specify whether it is early or late 2018, it all depends on the market,” U Mobile CEO Wong Heang Tuck tells The Edge.

To be sure, an IPO would be aided by at least two stalwart backers — Berjaya Group’s Tan Sri Vincent Tan and Singapore Technologies Telemedia (ST Telemedia), Singapore’s Temasek Holdings-controlled active investor in the communications, media and technology space and the largest shareholder of the city state’s mobile and pay-TV operator, StarHub."

http://www.theedgemarkets.com/article/u-mobile-speeds-past-10-market-share-nears-ipo

Posted by Dennis NP Lee > 2018-01-16 12:51 | Report Abuse

Every good counter is up 30% above but this counter still ding-dong at 0.35 , lau sai counter !

Posted by Embrace Belief > 2018-01-16 19:44 | Report Abuse

Not boring mie? Price keep ding dong

Posted by hkchee78 > 2018-01-16 23:23 | Report Abuse

http://www.sinchew.com.my/node/1719775

Posted by laulau > 2018-01-17 00:15 | Report Abuse

"Acted for Berjaya (China) Great Mall on its sale of the construction project of Berjaya (China) Great Mall Recreation Centre to Beijing SkyOcean International".

Corporate and M&A: PRC firms - ranked: tier 2
Han Kun Law Offices 汉坤律师事务所
https://www.hankunlaw.com/images/office/hk_pic_officebj.jpg

Han Kun Law Offices has a leading presence in the TMT sector, where the team receives a steady flow of instructions from a range of industry players.

Track Record: It advised Uber (China) on its $35bn merger with Didi Chuxing, acted for iDreamSky Technology during its take-private transaction and delisting from NASDAQ, and assisted Tujia.com, China’s largest B2C sharing accommodation platform, with its acquisition of short-term rental website Mayi.com. Other highlights include assisting Karl Lagerfeld with the sale of its China business, advising Taikang Insurance Group on its investment in IHH Healthcare’s China business, and acting for Berjaya (China) Great Mall on its sale of the construction project of Berjaya (China) Great Mall Recreation Centre to Beijing SkyOcean International.

Chaoying Li splits his time between the firm’s Beijing and Shenzhen offices, while Dafei Chen operates from Beijing and Hong Kong. David Tang focuses on corporate compliance, foreign direct investment and cross-border M&A, and ‘corporate star’ Bing Xue specialises in venture capital, private equity and M&A transactions.

Leading individuals
David Tang - Han Kun Law Offices
https://www.legal500.com/firms/32650-han-kun-law-offices/33644-beijing-china

DAFEI CHEN
Han Kun Law Offices - Beijing
Dafei Chen - Han Kun Law Offices
9/F, Office Tower C1 Beijing, Beijing, China 100738
Tel: 8610-85254618 Fax: +86 10 8525 5511 Email: dafei.chen@hankunlaw.com
https://www.chambersandpartners.com/Asia/person/337217/dafei-chen

Posted by newbie2014 > 2018-01-17 09:32 | Report Abuse

actually oldtown and umobile still belong to bjc? Cant understanding so much of how tis bjc operates, grow a business then sell it or listed it, dont want to own them anymore?

Posted by kahhoeng > 2018-01-17 10:39 | Report Abuse

no, oldtown and umobile not owned by BJCorp... all the while owned by VT himself

Posted by Dennis NP Lee > 2018-01-17 10:48 | Report Abuse

BJcorp is a family owned company, they diversified the whole corp. in such a way that they can fully enjoy it. not to care about public investment funds as long as it wont collapse. Their business stretch from Media (film stars, football, magazines,newspaper ...) , Gambling, resorts and hotel, fancy food outlets chains, Automobiles (fancy cars) and shopping complex. Just imagine, if you are the boss and you can access to this type of venue freely and at any time and day you like without have to pay a cent ! how happy you are !

Posted by kahhoeng > 2018-01-17 10:50 | Report Abuse

haha ... Dennis, you have a point, guess that the benefits of being the BIG boss...

Posted by newbie2014 > 2018-01-17 10:51 | Report Abuse

Thanks for the info kahhoeng. Then tis stock really hard to play, i remember last time oldtown under bjc, now oldtown fruitful lucrative but transfered to his own hands, meaning cost n capital borne together, profit not for sharing, hard to get his angpow

Posted by aseantrading > 2018-01-17 11:36 | Report Abuse

If the potential businesses VT transfers from BJC to himself, does that mean what remains in BJC are less potential or profitable... Really a sly old fox!

Posted by kenie > 2018-01-17 11:58 | Report Abuse

mobile wallet
https://www.youtube.com/watch?v=PxWsnGJ9VRw

Posted by Bullwinds > 2018-01-17 12:00 | Report Abuse

Since when bjc owned oldtown???

Posted by kahhoeng > 2018-01-17 13:52 | Report Abuse

No... BJcorp has never been the owner of oldtown, ONLY Kenny Rogers and Starbucks that's been listed through BJFood

Posted by newbie2014 > 2018-01-17 14:26 | Report Abuse

Ok i invest a bit in bjc, hope vincent tan will divest into oil and gas. Wait for my free trip and stay in his resorts within this year.

I am not following calvin tan, just believe he will divest into good business maybe oil and gas

Posted by GG_Liang > 2018-01-17 14:35 | Report Abuse

呵呵

Posted by Eddysurge > 2018-01-17 15:34 | Report Abuse

Strategy 1: don't buy.

Posted by Embrace Belief > 2018-01-17 22:00 | Report Abuse

Time for wake up....

Posted by newbie2014 > 2018-01-18 05:08 | Report Abuse

buy buy buy, I expect bjc venture into oil and gas

Posted by risktransformer > 2018-01-18 08:33 | Report Abuse

This counter is what I call a sleeping counter (but can suddenly wake up one). When the price want to go up somebody will quickly sell millions of shares to keep the price down; when the price want to go down that somebody will quickly buy up all the shares to prevent it from going down. This is clearly a "control counter." So buy it & don't expect it to go up for awhile... but must watch it everyday in case it suddenly wake up. It will only wake up for one day only & then go back to sleep for many months.... so must sell it on that 1 day (only) when it wakes up. Good luck!

Posted by i3_julius > 2018-01-18 11:11 | Report Abuse

where is calvin tan? bjc passengers need you to to sail the boat~~~kekekekeke

Posted by Eddysurge > 2018-01-18 11:47 | Report Abuse

TSVT is busy issues Umobile shares soon, so why bother bjcorp & others subsidiary counters. Handsome gain easily!

Posted by newbie2014 > 2018-01-18 11:48 | Report Abuse

Guys no need worry, i notice ups and down between 34sen to 40sen, buy now

Sell after 40sen, sure profit

Posted by GG_Liang > 2018-01-18 12:20 | Report Abuse

呵呵

Posted by Eddysurge > 2018-01-18 13:08 | Report Abuse

Strategy 2: prepare infrigerator, keep cold. Don't to fast average down.

Posted by newbie2014 > 2018-01-18 16:21 | Report Abuse

ups and downs 34sen-40sen, buy low sell high, buy low now buy buy buy

Posted by Eddysurge > 2018-01-18 16:33 | Report Abuse

If such bottom price cannot uphold by management and run biz empty holes, better drops more. Why buy now,don't tell me speculation purpose.

Posted by kahhoeng > 2018-01-18 17:15 | Report Abuse

err... actually, I bought some at 0.355 a few weeks back and at 0.34 today... hopefully I'm right about Ritz-Carlton Residences bringing in good profit and cash flow this coming quarter report.

Posted by newbie2014 > 2018-01-18 18:10 | Report Abuse

I bought at 35sen just to speculate, yes this stock offer speculate, even so, u need to choose a solid share to do so, 34-40sen, sell 40sen or above soon, bjc never fail u, Vincent helps the poors

Posted by GG_Liang > 2018-01-18 18:52 | Report Abuse

呵呵

Posted by risktransformer > 2018-01-18 21:37 | Report Abuse

Managed to buy some shares today at 0.340 (hard to get at this price.... have to wait many days but today is a "lucky" day - everything fall in price).

Posted by Danchan > 2018-01-19 00:36 | Report Abuse

for those whom haven't touch this stock, better don't touch. Once you touch, you need to have holding power and great patience while waiting for the stock become gold.
Sincere advice. Long term yes, reckon 5 to 10 years investment. You might see some capital gain.

Short term, it's an heart attack.

Until the tide is off, we will see who swimming naked!!