Posted by shortinvestor77 > 2021-06-16 09:41 | Report Abuse

Trapping ikan bilis.

Poor Chai.

Posted by paperplane > 2021-06-16 09:43 | Report Abuse

货源归边！

Posted by invest_malaysia > 2021-06-16 09:44 | Report Abuse

Market don’t accept the ceo bullshxt hahaha

Posted by cunoldfox > 2021-06-16 09:44 | Report Abuse

look like VT cunning old fox sell again today

Posted by cunoldfox > 2021-06-16 09:45 | Report Abuse

below 30 cents today

Posted by paperplane > 2021-06-16 09:45 | Report Abuse

要涨， 早晚的事情。 要跌。 没门。
Risk Reward Ratio, 美美

Posted by cunoldfox > 2021-06-16 09:45 | Report Abuse

jalil only know how to talk

Posted by cunoldfox > 2021-06-16 09:46 | Report Abuse

too bad.investors not buying his idea

Posted by paperplane > 2021-06-16 09:46 | Report Abuse

from last yr range 0.20-0.22 to now alredi 50% gains. apa lagi lu mahu, wakaka. 100000% ah

Posted by cunoldfox > 2021-06-16 09:47 | Report Abuse

drop like shit today

Posted by dompeilee > 2021-06-16 09:47 | Report Abuse

Hahah....Lure former NETX promoter STUCKraider & followers then DUMP 15.6 million tickets on them LOL.

Posted by cunoldfox > 2021-06-16 09:47 | Report Abuse

cunning old fox...

Posted by WeTried > 2021-06-16 09:48 | Report Abuse

As usual

Posted by KuChoy > 2021-06-16 09:49 | Report Abuse

Little KuChoy feels panic, what's going on?

Posted by invest_malaysia > 2021-06-16 09:56 | Report Abuse

After getting few years of fat salary. Ceo will say still in progress. We’re progressing well kikiki

Posted by SharehlderOppression > 2021-06-16 09:57 | Report Abuse

Naysayers comment like they can do a better job than current CEO when actually most won’t even last a month in the job let alone a year. Transformation will take time.
Trust the CEO to do his job. Many Malaysians have this negative mindset, which is a very bad personality trait.

Posted by kahhoeng > 2021-06-16 10:11 | Report Abuse

not really lah, experts trying to gauge the impact of CEO's plan, and it's a difficult one given everything is still anything but vague... I would have expect Jalil to announce at least one concrete deal, like privatizing BLand with its listing status be transferred to a REIT comprising of BCorp buildings, malls, office buildings, etc. or sell to UMobile for backdoor listing...

Posted by shortinvestor77 > 2021-06-16 10:11 | Report Abuse

Non-family members CEO will not last. Not performing.

Posted by williamtkb > 2021-06-16 10:21 | Report Abuse

VT keep pressing down price for CEO to buy cheap. If I am VT... Push limit up and slowly sell at limit up. Then the debts can settle in 1 year

Posted by vtroopsvin > 2021-06-16 10:21 | Report Abuse

Well play yesterday

Posted by paperplane > 2021-06-16 10:22 | Report Abuse

waiting for next analyst briefing, too bad, its for institution, not to small peanuts naysayers. wakakaka

Posted by Protectcap > 2021-06-16 10:28 | Report Abuse

still puzzle who are the big buyers since VT indirectly been selling block??? If left to right pocket,need declare also

Posted by simon2020 > 2021-06-16 10:38 | Report Abuse

You can find more clarity on CEO's transformation plan here from theedgemarket report especially the new BCorp Organization chart. I think they still have to take full control of BJLand through some form of merger & acquisition to put effect to Jalil's operational plan which will be clearer once details comes in July. Also pls take note Bursa exemption for BLand shareholders liquidity float expires in September & that Tsvt acquired another 40.5 million direct shares in BJLand recently.

https://www.theedgemarkets.com/article/bcorp-unveils-threeyear-strategic-plan-streamline-business-unlock-value

Posted by paperplane > 2021-06-16 10:53 | Report Abuse

要， 0.40 以下，通通都要
https://www.facebook.com/watch/?v=203239848066266

Posted by shortinvestor77 > 2021-06-16 11:09 | Report Abuse

No privatisation. https://www.chinapress.com.my/?p=2552234

Posted by shortinvestor77 > 2021-06-16 11:09 | Report Abuse

且也暂不考虑私有化

Posted by shortinvestor77 > 2021-06-16 11:09 | Report Abuse

Just be patient. Wait for 3 to 5 years lah.

Posted by kahhoeng > 2021-06-16 11:10 | Report Abuse

distributing all toto shares to bland shareholders as special dividend and bcorp inject other gambling business not owned by toto into toto in exchange for shares? that should be good

Posted by scanluver > 2021-06-16 11:16 |

Post removed.Why?

Posted by simon2020 > 2021-06-16 11:24 | Report Abuse

I like both ideas but Tvst being an old Fox will not showhand too early. Privatization is not the only option, It could also be takeover of the remaining 13% BlLand minority shares ala Ancom style in exchange for a mix of cash & shares in BCorp?

kahhoeng distributing all toto shares to bland shareholders as special dividend and bcorp inject other gambling business not owned by toto into toto in exchange for shares? that should be good.

kahhoeng not really lah, experts trying to gauge the impact of CEO's plan, and it's a difficult one given everything is still anything but vague... I would have expect Jalil to announce at least one concrete deal, like privatizing BLand with its listing status be transferred to a REIT comprising of BCorp buildings, malls, office buildings, etc. or sell to UMobile for backdoor listing...

Posted by cunoldfox > 2021-06-16 11:31 | Report Abuse

everyone run for their before back to square one.

Posted by cunoldfox > 2021-06-16 11:34 | Report Abuse

selling is huge. based on the volume, seems that everyone run

Posted by cunoldfox > 2021-06-16 11:35 | Report Abuse

nobody buy jalil idea.

Posted by cunoldfox > 2021-06-16 11:36 | Report Abuse

I don't see any hope in this stock.sell before price drop to 18

Posted by birkincollector > 2021-06-16 11:37 | Report Abuse

waiting to enter again :-)

Posted by ruhaizat69 > 2021-06-16 11:39 | Report Abuse

Rilex slow slow up no rush TP0.50 by 2023

Posted by stockraider > 2021-06-16 11:46 |

Post removed.Why?

Posted by shortinvestor77 > 2021-06-16 11:50 | Report Abuse

Don't be too clever lah. With Berjaya Group continue to bleed blood every quarter, it needs to sell/dispose assets for survival mah.

Posted by bulldog > 2021-06-16 11:52 | Report Abuse

Take another position at 31

Huat chaiii

Posted by Paulnga > 2021-06-16 11:53 | Report Abuse

Woo，strategic plan for his boss to sell!

Posted by stockraider > 2021-06-16 11:54 | Report Abuse

Read this TA report carefully mah!

Jalil coming into the board, we can see that Bjcorp’s plan is to streamline the whole business model to be more organised and unlock plenty of value within its assets. With the planned divestment of non-core assets by selling off unprofitable businesses, this can clean up the balance sheet and there are good potential to turnaround the business.

Berjaya Corp currently has about RM1.2b cash and RM5b debt. Divestment of RM2b assets within 2 years (+40sen/share) and RM5b within 5 years(RM1/share) will largely strengthen the cash position and paring down debts. If everything is in line with the restructuring plan, Bjcorp potentially turn into net cash company within few years after clearing all loss-making operations.

the restructuring plan ongoing and Bjcorp turn into profit, this will also unlock the value of other core business which was previously discounted. There are plenty of value in the group’s subsidiaries; such as U-mobile(talks of going IPO), Bjtoto(defensive and churning good profit), 7-eleven, landbanks in Bjland (worth more than RM5-6b estimated) and many others which are yet to be factored in.

Bjcorp now trading at only about 0.3x book value(a 70% discount to true value). If we strip out Bjcorp’s stake in Bjland and Bjtoto, its only 0.2x book value (a 80% discount). The conglomerate’s NTA is at RM1.18(excluding accretion from unlocking various busineses’ value), while current share price only 33sen. This means that there is a potential >400% share price upside if everything goes well for them.


Posted by sailang_now > Jun 15, 2021 11:23 PM | Report Abuse

If too high level somebody has just simplified the impact of Jalil's Transformation Plan for benefit of everyone...

*BJCORP at 33.5sen*

- Bjcorp just announced its detailed restructuring plan, with key headlines figures such as RM2b divestment within 2 years, RM5b divestment within 5 years, paring 50% of borrowings/debts within 3 years.

- Operationally, Bjcorp has more than 20 types of businesses brands including lottery (Bjtoto), hotels & malls( Four seasons, ritz carlton, Berjaya time square, >10 berjaya brand hotels in Malaysia & overseas), brokerages & insurance(Interpac securities, Saigon bank, Berjaya Sompo), retail & food(Cosway, 7-eleven, starbucks, jollibean, kripy kreme), property development(Bjland), telco (redtone, u-mobile) and education (Berjaya college).

- The operations is too diversified and messy before this as it is not easy to manage such many subsidiaries. This have caused Bjcorp to trade at steep discount of its book value and been generating losses.

- Nevertheless, with Jalil coming into the board, we can see that Bjcorp’s plan is to streamline the whole business model to be more organised and unlock plenty of value within its assets. With the planned divestment of non-core assets by selling off unprofitable businesses, this can clean up the balance sheet and there are good potential to turnaround the business.

- Financially, Berjaya Corp currently has about RM1.2b cash and RM5b debt. Divestment of RM2b assets within 2 years (+40sen/share) and RM5b within 5 years(RM1/share) will largely strengthen the cash position and paring down debts. If everything is in line with the restructuring plan, Bjcorp potentially turn into net cash company within few years after clearing all loss-making operations.

- With the restructuring plan ongoing and Bjcorp turn into profit, this will also unlock the value of other core business which was previously discounted. There are plenty of value in the group’s subsidiaries; such as U-mobile(talks of going IPO), Bjtoto(defensive and churning good profit), 7-eleven, landbanks in Bjland (worth more than RM5-6b estimated) and many others which are yet to be factored in.

- To give a sense, Bjcorp now trading at only about 0.3x book value(a 70% discount to true value). If we strip out Bjcorp’s stake in Bjland and Bjtoto, its only 0.2x book value (a 80% discount). The conglomerate’s NTA is at RM1.18(excluding accretion from unlocking various busineses’ value), while current share price only 33sen. This means that there is a potential >400% share price upside if everything goes well for them.

- From TA perspective, Bjcorp attempts to rally from recent selldown(with low volume). It breakout and stay above near-term resistance of 32.5sen which is deemed healthy. Subsequent resistances are at 38.5sen and 46.5sen respectively.

Disclaimer: This is not a Buy/Sell call or any recommendations, just personal analysis. Do trade at your own risk.

Posted by stockraider > 2021-06-16 11:55 | Report Abuse

Lu tau boh ?

Bjcorp now trading at only about 0.3x book value(a 70% discount to true value). If we strip out Bjcorp’s stake in Bjland and Bjtoto, its only 0.2x book value (a 80% discount). The conglomerate’s NTA is at RM1.18(excluding accretion from unlocking various busineses’ value), while current share price only 33sen. This means that there is a potential >400% share price upside if everything goes well for them.

Posted by shortinvestor77 > 2021-06-16 12:00 | Report Abuse

Yalah, StuckReader can start accumulate till RM 1.18.

Posted by shortinvestor77 > 2021-06-16 12:01 | Report Abuse

I sangat sangat tahu. You tak tau shj.

Posted by cunoldfox > 2021-06-16 12:02 | Report Abuse

walan...drop like mad with huge volume. must be cunning old fox VT sell again

Posted by cunoldfox > 2021-06-16 12:03 | Report Abuse

just a general plan

Posted by cunoldfox > 2021-06-16 12:05 | Report Abuse

judging from the sell volume today, it is hopeless, I can forsee it will continue to drop for the next couple of weeks

Posted by stockraider > 2021-06-16 12:06 | Report Abuse

THE KEY BULLISH POINTS;

1.Shares of BCorp currently trade at one-fifth of its peak value in 2010, and less than 0.2 times its net book value of RM1.78.

2.Abdul Jalil has since also acquired 181.57 million BCorp shares, representing a 3.61% stake.

BCorp unveils three-year strategic plan to streamline business, unlock value
Adam Aziz

theedgemarkets.com

KUALA LUMPUR (June 15): Berjaya Corp Bhd's (BCorp) newly appointed group chief executive officer (CEO) Abdul Jalil Abdul Rasheed has revealed a three-year strategic plan to transform the conglomerate back towards profitability.

At a virtual press conference today, Abdul Jalil underlined key initiatives of the plan, including to recategorise and streamline existing operations, institutionalise and monitor performance, and ultimately to unlock value in the group.

The group will recategorise its businesses by July, from seven reporting segments currently into five key segments: retail, food and beverages (F&B), property, hospitality, and services (which will house the group's gaming unit and financial technology unit).

Among the headline targets are to halve group debt level from RM5.04 billion to around RM2.5 billion in the next three years, partly through the divestment of RM2 billion-RM5 billion worth of assets or businesses in the next two to five years.

"There is no sentimental value," said Abdul Jalil. "Anything that is not synergistic to the group, we need to relook at them."

"We also identify the things that have we done very well over the years, and in which we have competitive advantage, and see how we can operate better," Abdul Jalil said, adding that the group has identified at least one business that could potentially go for listing.

BCorp will also set dividend policies for its subsidiaries, in order to structure a consistent stream of income for the investment holding parent instead of divestment gains usually practised previously.

"BCorp is undervalued because despite having all the great brands, the way the group is organised makes it difficult to pinpoint and value the group," Abdul Jalil said.

"The other objective is to ensure that the companies are self-sustainable, and be able to compete outside of the Berjaya Group. We will also address the cross-holdings," he added.

To further empower the subsidiaries, BCorp will also introduce limits of authority while keeping oversight — ensuring the subsidiaries can formulate their own strategies and funding plans in line with the group direction.

Another mandate, said Abdul Jalil, is to institutionalise the entity — in the sense that operations should be able to continue even if the individuals in the company are replaced.

While being a big company with assets totalling RM20 billion, and huge global footprint across more than a dozen sectors, BCorp has lost its shine among investors over the years. It is en route to its fourth year in the red, and has not paid any dividend since 2015.

Shares of BCorp currently trade at one-fifth of its peak value in 2010, and less than 0.2 times its net book value of RM1.78.

But at 33.5 sen, the counter is up 76.3% year-to-date after Abdul Jalil, who is former president of government-linked fund Permodalan Nasional Bhd, joined the group in April as its first ever group CEO not from the Tan family.

Abdul Jalil has since also acquired 181.57 million BCorp shares, representing a 3.61% stake.

"To me it is not just about deals, but really about what we do after acquiring the companies," he commented.

"We haven't been there [in terms of profitability], which is also why the KPIs must be better aligned.

"But we are 70% there — I would say we are quite disciplined from the cost perspective; most of the companies already have the strategies' KPIs in place, it is more about tweaking them," he added.

BCorp's other listed entities include Berjaya Assets Bhd, Berjaya Food Bhd, Berjaya Land Bhd, Berjaya Sports Toto Bhd and 7-Eleven Malaysia Holdings Bhd.

In recent years, the group's largest contributions typically come from the gaming segment, followed by property and hospitality. The retail segment, while churning large revenue, operates at a relatively thinner margin.

Going into the different segments, Abdul Jalil said the group has identified the needs and the pain points which determine some of the strategies going forward.

These include exploring the F&B value chain for better synergy, reviewing the operating models of its hospitality segment (as operator or owner) and its branding decisions, and expanding the retail and consumer products segment in new markets while finding ways to reduce costs such as by pooling resources.

Posted by cunoldfox > 2021-06-16 12:06 | Report Abuse

each selling block is very huge, not from retailer

Posted by rr88 > 2021-06-16 12:08 | Report Abuse

It is called SELL THE NEWS.
Will go back to square 1 at 0.18 - 0.20.