Posted by scanluver > 2021-11-15 14:31 | Report Abuse

There appears to be a lot of left pocket/right pocket magic trick happening behind the scenes :D

Posted by Asia88 > 2021-11-16 14:20 | Report Abuse

Any door gift for attending this agm?

Posted by scanluver > 2021-11-16 16:56 | Report Abuse

LOL, you're considered lucky if you manage to get a notepad. Golf umbrellas are way out of budget :D

Asia88 Any door gift for attending this agm?

Posted by koey > 2021-11-16 22:51 | Report Abuse

good foreseeable future ...can invest !!!

Posted by Asia88 > 2021-11-19 14:48 | Report Abuse

koey : are you telling a joke? please attend the agm and you can see how many uncle and aunty will tell you otherwise.

Posted by scanluver > 2021-11-19 17:14 |

Post removed.Why?

Posted by jokurprg > 2021-11-23 01:10 | Report Abuse

Conclusion

Berjaya is an immense entity built on the capital allocation activities of Mr. Vincent Tan, who acquired several diverse, high-quality businesses, beginning with their gambling operations, and more recently including Starbucks, Krispy Kreme, and luxury car trader H.R. Owens. The collection of businesses is broadly consumer-facing, and heavily dependent on market conditions for success. They occupy proven sectors and deliver predictable value to millions.

The goods and services provided are often useful for other businesses within the company. Creating synergies between their highest quality businesses is part of Berjaya’s medium-term strategy. Reducing other disconnected or risky operations is another part of that plan, and at the heart of this strategy is Berjaya’s gambling segment.

Selling the gambling segment should generate billions in capital, but it may take some time, and the longer it takes, the higher the risk of crippling regulatory changes occurring in the interim. On the other hand, the regulatory environment could improve. The outcome for this segment will heavily impact the future of Berjaya.

Their strategy was communicated to shareholders by Jalil Rashid, one of several new faces at Berjaya. With Mr. Tan and other family members stepping back, there is a chance of some material change taking place at Berjaya.

Change is essential going forward- the past decade has been a stagnant one. Administrative costs and debt are excessive, and a drag on Berjaya’s potential future earnings.

The biggest risks to the business can be summarized as a lack of execution and poor economic conditions. Simplifying operations is a difficult task in such a large business and realizing the value of their assets requires patience. If either of these tasks go wrong, the business will be worth less in the future.

But if things go well for Berjaya, they should return to growth after some consolidation. Achieving a net margin of around 5% and exhibiting growth in ex-gaming revenue would earn Berjaya a significant re-rating, which appears entirely reasonable with the high-quality businesses they own. In any case, Berjaya’s diversity should protect them from abject failure. In my opinion, Berjaya is a worthwhile investment with a reasonable chance of providing good returns.

Posted by jokurprg > 2021-11-23 01:11 | Report Abuse

https://klse.i3investor.com/blogs/gregorythe2/2021-11-21-story-h1594582177-Berjaya_BJCORP_Overview.jsp

Posted by jokurprg > 2021-11-23 01:11 | Report Abuse

hmmmmm

Posted by hkchee78 > 2021-11-25 19:17 | Report Abuse

https://www.theedgemarkets.com/article/vincent-tan-said-be-selling-luxury-yacht-about-%E2%82%AC30-million

Posted by Bettyem > 2021-11-25 20:42 | Report Abuse

转型计划的好消息?
https://www.klsescreener.com/v2/news/view/915161

Posted by birkincollector > 2021-11-25 21:06 | Report Abuse

good la proved that vt is serious this time

Posted by Bettyem > 2021-11-27 11:10 | Report Abuse

https://www.businesstoday.com.my/2021/11/26/berjaya-land-and-qhazanah-sabah-to-develop-kota-belud-into-an-ict-township/

Posted by stockraider > 2021-11-27 11:22 | Report Abuse

Stay on course with bcorp mah!

Vt will becoming mah!

Posted by Zrenxy > 2021-11-27 15:12 | Report Abuse

Go cmsb far better than this

Posted by Bettyem > 2021-11-27 15:24 | Report Abuse

https://www.malaymail.com/amp/news/malaysia/2021/11/26/vincent-tan-more-affordable-homes-should-be-built-for-lower-income-group/2023986

Posted by stockraider > 2021-11-28 12:29 | Report Abuse

BCORP VERY SOLID LOH!

Posted by Bettyem > 2021-11-29 04:35 | Report Abuse

EQUITY
✨ Berjaya Corporation (BJCORP: 3395.KL) - Part 1
Radio show host: "What do you think BJCORP's shares are worth? Between RM 5.00 - RM 10.00?" CEO: "Yes. Closer to RM 10.00." Current share price: RM 0.25

Aaron Pek
Nov 27
1
Berjaya Corp's new 3-year plan sees reorganisation of 5 core biz segments
New CEO Jalil Rasheed poses in front of the Berjaya Corporation logo
BJCORP’s new CEO Jalil joined the company in March 2021, and has been public about how he thinks its shares are severely undervalued. The investment thesis for BJCORP is a turnaround thesis.

Despite looking like a conglomerate on the surface, >80% of BJCORP’s revenue actually comes from the Consumer sector - which dramatically increases the feasiblity of the turnaround, compared to a traditional conglomerate.

BJCORP was very badly run in the past - hence the base-case scenario is for them to simply return to industry baseline performance. No magic tricks are expected from the new management team.

If they can do that, the conservative 5-year CAGR estimate is north of 40%; while the optimistic 5-year CAGR estimate is up to 70%.

Did you know that BJCORP has listed long-term warrants? You can juice up the above returns even further, while adopting only marginal incremental risk.

In his short time at BJCORP, Jalil has demonstrated himself as a capable business operator, with a significant focus on prioritizing optimal capital allocation - arguably Buffett’s topmost key performance metric.

Posted by stockraider > 2021-11-29 07:38 | Report Abuse

Go for it loh!

Posted by Bettyem > 2021-11-29 07:52 | Report Abuse

EQUITY
✨ Berjaya Corporation (BJCORP: 3395.KL) -

While I’m not trying to allude to the notion that Berjaya Corporation’s (BJCORP) outlook shines anywhere near as brightly as GEICO’s did then, it is most certainly the ASEAN security that I like best today. The current share price can only be described one way - mispriced - where the presence of the Efficient Market Hypothesis (EMH) is completely absent. The bid and ask prices of its shares today may as well be set by a 5-year old chimpanzee throwing darts at fish in a barrel, and this is a sentiment shared by others as well.

To be fair, this is by far the largest small-cap company I have ever come across, for the simple reason that this company is actually a conglomerate - but whose share price has since fallen to small-cap levels. BJCORP is actually the parent company of all the listed Berjaya subsidiaries owned by the founding Tan family (‘berjaya’ means ‘success’ in Malay), as evident by the mindboggling complexity of its ownership struct
The web of entangled ownership of the entire Berjaya Group (not only BJCORP) - taken from CLSA’s April 2021 report below (click this image to expand)

Reach out to CLSA Malaysia at the highlighted contacts above for the full report
As you can see from the chart above, this web of entangled ownership shared between all the listed Berjaya subsidiaries is an absolute nightmare to untangle. I’d like to take this opportunity to apologize to all my loyal readers for going MIA over the past two weeks - because the more answers I sought from this company’s financial statements, the more questions it begot; and I ended up tunneling into rabbit hole after rabbit hole trying to find answers for the new questions that kept cropping up.

In many ways, my learning experience when analyzing this company resembled my learning experience when I was first studying macroeconomics - visualized as trying to understand many individual pillars of knowledge, but where you needed to understand some parts of other pillars before you could fully comprehend the one you were currently on.

In the end, I decided that it was futile trying to develop an airtight comprehension of this conglomerate’s financials in a reasonable amount of time...

Posted by Bettyem > 2021-11-29 09:55 | Report Abuse

The investment thesis behind buying BJCORP’s shares today can be described as being a turnaround. For the uninitiated, a turnaround refers to a corporate exercise where new capable management is brought by shareholders into a dying company to revitalize it, and breathe new life back into its desiccated corpse. For obvious reasons, being an investor in successful turnarounds can be extremely profitable, as the share price of the company prior to the successful turnaround is likely to be depressed. But at the same time, successful turnarounds are quite rare, as poor businesses tend to be poor for good reasons.

As such, most investors tend to shy away from investing in turnarounds as the uncertainty involved is usually high. If you’ve read my earlier report about Why Value factor investing > Growth factor investing, you’ll understand what I mean when I say that investors hate uncertainty - because it makes the future difficult to forecast:

Posted by scanluver > 2021-11-29 11:06 | Report Abuse

Yes, rock solid and dropping like a rock. LOL

stockraider BCORP VERY SOLID LOH!

Posted by stockraider > 2021-11-29 13:24 | Report Abuse

Mana jatuh leh ??

Today very steady mah!

Gila! Tak boleh tenguk ah ?

Posted by scanluver > Nov 29, 2021 11:06 AM | Report Abuse

Yes, rock solid and dropping like a rock. LOL

stockraider BCORP VERY SOLID LOH!

Posted by Bettyem > 2021-11-29 14:14 | Report Abuse

BJCorp 和 BJLand 公司结构
https://ibb.co/0KW5TSM

Posted by Bettyem > 2021-11-29 14:28 | Report Abuse

BJCorp & BJLand 主要股權結構

BJCorp owns 78.95% BJLand
TSVT owns 4.66% BJLand

BJLand owns 40.5% BToto, 4.97% 7Eleven, 7.98% BAssets, 0.04% Redtone
BJLand owns 40.5% of BToto owns 88.2% BPhilippines, 0.9% BFood

Posted by Bettyem > 2021-11-29 14:41 | Report Abuse

Use Google Search for: Aaron Pek Value Investing BJCorp for details:

Before we dive headfirst into the investment thesis, I would just like to leave you with something to ruminate over as we pour over the analysis of BJCORP. In mid-July 2021, Jalil gave an interview on the most popular local business radio station BFM. At the 35:24 mark of this interview (Spotify - click here to jump to timestamp), the host asked him point-blank what he thought BJCORP’s shares were worth.

Jalil answered very confidently - between RM 5.00 to RM 10.00, and perhaps closer to RM 10.00. Keep in mind this is a stock which is currently trading at roughly RM 0.25, implying an approximately 30x upside if we assume the lower bound of that range of RM 7.50:

I understand that the potential for conflict of interest exists in his words, but that is just an unnecessarily way-out-there share price target to provide accountability on. In fact, if Jalil was in fact trying to push the stock with that sentence, I’d wager that he actually failed to achieve his objective - by virtue of the fact that people will wonder whether he’s insane. Which means that there is likely some merit to his estimate of BJCORP’s intrinsic value. Also take a look at some recent crazy insider buying activity by BJCORP’s founder Tan Chee Yioun in the above screenshot.

If you want a bit more context behind his estimated target price of RM 7.50, I’d recommend rewinding back to a slightly earlier timestamp of the same interview. At the 34:07 mark, the host provides a summary of the entire interview, which adds a bit more color about why Jalil might think that BJCORP’s shares are worth 30x what they are currently trading at (3,000% upside).

Use Google Search for Aaron Pek Value Investing BJCorp for details:

More from Aaron Pek
https://www.youtube.com/watch?v=e6f8qX9bRAY

Posted by stockraider > 2021-11-30 15:25 | Report Abuse

Think lah!

It is not no money mah!

Uncle Tan is busy gathering more & more money for the attack mah!

Lu tau boh?


Posted by shortinvestor77 > Nov 30, 2021 3:23 PM | Report Abuse

No money lah.
Vincent Tan said to be selling luxury yacht for about €30 million.

Posted by stockraider > 2021-11-30 15:47 | Report Abuse

Lu pakai otak think lah!

MCO lockdown....how can business do well leh ?

Now...Govt relax mah...bjgroup recovery play loh!

Money starting to pile up & still gathering mah!

Profit coming back mah!

Lu tau boh ?

Posted by shortinvestor77 > 2021-11-30 15:54 | Report Abuse

Berapa tahun you dah ditipu? Belum bangun kut!!!!!!!!!!

Posted by shortinvestor77 > 2021-11-30 15:55 | Report Abuse

Sambung lah makan ubat tidur. Jangan bangun ya!!!!!

Posted by stockraider > 2021-11-30 15:56 | Report Abuse

Ini kali lah mah!

The sign are all day mah!

Posted by gangnam > 2021-11-30 16:58 | Report Abuse

Lol...U could be right the RM150M cash raised from the sale of Uncle Tan's yatch is just nice to VGO the remaining 14% BJLand minority shares @Nta 77 sens with RM29M leftover to finance the family's luxury life? Otherwise how can Jalil move forward his Transformation Plan...after all “The rich man plans for tomorrow. The poor man for today.”

Posted by birkincollector > 2021-11-30 21:49 | Report Abuse

FOR IMMEDIATE RELEASE

30 NOVEMBER 2021

BERJAYA LAND BERHAD UNDERTAKES A JOINT VENTURE TO CARRY OUT
RIVER CLEANING, REHABILITATION AND DEVELOPMENT INITIATIVES IN THE
KLANG VALLEY


Kuala Lumpur - Berjaya Land Berhad ("B-Land"), a listed subsidiary of Berjaya Corporation Berhad
(“BCorp”), has set up a joint venture company, namely Landasan Lumayan Berjaya Sdn Bhd ("LLB") with
Landasan Lumayan Sdn Bhd (“LLSB"), a subsidiary of Menteri Besar Incorporation Selangor to undertake
river cleaning, river rehabilitation and river developments (“River Initiatives”) in the Klang Valley. B-Land
and LLSB hold 55% and 45% equity interest respectively in LLB.

Among the River Initiatives which LLB will undertake is the Selangor Maritime Gateway, a high economic
impact project which will see approximately 600 acres of land along about 56km of the Klang River to be
developed over the next 8 years. In 2022, LLB will launch the development of about 2,000 units of affordable
housing and 1,400 units of other types. By 2030, there would be about 26,000 housing units to be completed
along the Klang River, of which 50% would be affordable homes. The project is expected to have an estimated
gross development value ("GDV") of RM10 billion over 8 years, with an average GDV of RM1.25 billion
per annum.

Posted by scanluver > 2021-12-01 14:31 | Report Abuse

Dei, berapa kali sudah? LOL

stockraider Ini kali lah mah!

The sign are all day mah!
30/11/2021 3:56 PM

Posted by stockraider > 2021-12-01 14:33 | Report Abuse

Very good deal mah!

Earnings accretive loh!


Posted by birkincollector > Nov 30, 2021 9:49 PM | Report Abuse

FOR IMMEDIATE RELEASE

30 NOVEMBER 2021

BERJAYA LAND BERHAD UNDERTAKES A JOINT VENTURE TO CARRY OUT
RIVER CLEANING, REHABILITATION AND DEVELOPMENT INITIATIVES IN THE
KLANG VALLEY


Kuala Lumpur - Berjaya Land Berhad ("B-Land"), a listed subsidiary of Berjaya Corporation Berhad
(“BCorp”), has set up a joint venture company, namely Landasan Lumayan Berjaya Sdn Bhd ("LLB") with
Landasan Lumayan Sdn Bhd (“LLSB"), a subsidiary of Menteri Besar Incorporation Selangor to undertake
river cleaning, river rehabilitation and river developments (“River Initiatives”) in the Klang Valley. B-Land
and LLSB hold 55% and 45% equity interest respectively in LLB.

Among the River Initiatives which LLB will undertake is the Selangor Maritime Gateway, a high economic
impact project which will see approximately 600 acres of land along about 56km of the Klang River to be
developed over the next 8 years. In 2022, LLB will launch the development of about 2,000 units of affordable
housing and 1,400 units of other types. By 2030, there would be about 26,000 housing units to be completed
along the Klang River, of which 50% would be affordable homes. The project is expected to have an estimated
gross development value ("GDV") of RM10 billion over 8 years, with an average GDV of RM1.25 billion
per annum.

Posted by scanluver > 2021-12-01 14:34 | Report Abuse

From 5-Star hotels & resorts, premium coffee to cleaning rivers. Outstanding! When are they going to acquire Alam Flora and monopolize the sewage market? Huat Ah! Heng Ah! :D

birkincollector FOR IMMEDIATE RELEASE

30 NOVEMBER 2021

BERJAYA LAND BERHAD UNDERTAKES A JOINT VENTURE TO CARRY OUT
RIVER CLEANING, REHABILITATION AND DEVELOPMENT INITIATIVES IN THE
KLANG VALLEY


Kuala Lumpur - Berjaya Land Berhad ("B-Land"), a listed subsidiary of Berjaya Corporation Berhad
(“BCorp”), has set up a joint venture company, namely Landasan Lumayan Berjaya Sdn Bhd ("LLB") with
Landasan Lumayan Sdn Bhd (“LLSB"), a subsidiary of Menteri Besar Incorporation Selangor to undertake
river cleaning, river rehabilitation and river developments (“River Initiatives”) in the Klang Valley. B-Land
and LLSB hold 55% and 45% equity interest respectively in LLB.

Among the River Initiatives which LLB will undertake is the Selangor Maritime Gateway, a high economic
impact project which will see approximately 600 acres of land along about 56km of the Klang River to be
developed over the next 8 years. In 2022, LLB will launch the development of about 2,000 units of affordable
housing and 1,400 units of other types. By 2030, there would be about 26,000 housing units to be completed
along the Klang River, of which 50% would be affordable homes. The project is expected to have an estimated
gross development value ("GDV") of RM10 billion over 8 years, with an average GDV of RM1.25 billion
per annum.

Posted by stockraider > 2021-12-01 16:07 | Report Abuse

READ Properly mah!

The core is large property development projects with GDV Rm 10b over 8 yrs or Rm 1.25b pa mah!

Lu tau boh ?

Posted by scanluver > Dec 1, 2021 2:34 PM | Report Abuse

From 5-Star hotels & resorts, premium coffee to cleaning rivers. Outstanding! When are they going to acquire Alam Flora and monopolize the sewage market? Huat Ah! Heng Ah! :D

birkincollector FOR IMMEDIATE RELEASE

30 NOVEMBER 2021

BERJAYA LAND BERHAD UNDERTAKES A JOINT VENTURE TO CARRY OUT
RIVER CLEANING, REHABILITATION AND DEVELOPMENT INITIATIVES IN THE
KLANG VALLEY


Kuala Lumpur - Berjaya Land Berhad ("B-Land"), a listed subsidiary of Berjaya Corporation Berhad
(“BCorp”), has set up a joint venture company, namely Landasan Lumayan Berjaya Sdn Bhd ("LLB") with
Landasan Lumayan Sdn Bhd (“LLSB"), a subsidiary of Menteri Besar Incorporation Selangor to undertake
river cleaning, river rehabilitation and river developments (“River Initiatives”) in the Klang Valley. B-Land
and LLSB hold 55% and 45% equity interest respectively in LLB.

Among the River Initiatives which LLB will undertake is the Selangor Maritime Gateway, a high economic
impact project which will see approximately 600 acres of land along about 56km of the Klang River to be
developed over the next 8 years. In 2022, LLB will launch the development of about 2,000 units of affordable
housing and 1,400 units of other types. By 2030, there would be about 26,000 housing units to be completed
along the Klang River, of which 50% would be affordable homes. The project is expected to have an estimated
gross development value ("GDV") of RM10 billion over 8 years, with an average GDV of RM1.25 billion
per annum.

Posted by scanluver > 2021-12-02 14:17 | Report Abuse

LOL. Can the old fox be trusted?

sailang_now I thought VT promised not to make anymore new acquisition..why buy 60% in JannaFarm selling black ginger products?

https://malaysiandailynews.com/berjaya-corp-acquires-60-stake-in-janna...

Posted by sailang_now > 2021-12-07 09:45 | Report Abuse

Guess old fox can't be trusted but he's doing a good job keeping price at 25 sens for a long time already for what???

Posted by scanluver > 2021-12-07 14:56 | Report Abuse

It's on life support. Else, it would probably be lower.

sailang_now Guess old fox can't be trusted but he's doing a good job keeping price at 25 sens for a long time already for what???

Posted by stockraider > 2021-12-08 12:54 | Report Abuse

Buy lah!

Very steady mah!

Posted by gangnam > 2021-12-08 13:15 | Report Abuse

Lol...If already on life support, Uncle Tan should sell cheaper mah...why still maintain at 25 sens? Evergrande is going to default on some of its loans, will cashstrapped BJCorp be next should Omicron takes hold?

Posted by lucky8 > 2021-12-08 13:16 | Report Abuse

not yet 20sen? come la

Posted by stockraider > 2021-12-08 13:20 | Report Abuse

Just buy lah!

Posted by scanluver > 2021-12-08 13:35 | Report Abuse

On the way but only consider buying at 0.16 :D

lucky8 not yet 20sen? come la

Posted by stockraider > 2021-12-08 13:40 | Report Abuse

If u listen to this silly scanluver...u better jump into klang river loh!

Posted by scanluver > Dec 8, 2021 1:35 PM | Report Abuse

On the way but only consider buying at 0.16 :D

lucky8 not yet 20sen? come la

Posted by scanluver > 2021-12-08 13:46 |

Post removed.Why?

Posted by stockraider > 2021-12-08 13:51 | Report Abuse

Imagine if u have invested ataims or serba and scib 2 months ago, instead of steady bjcorp...what will happen to your wealth leh ?

Lu tau boh ?

Posted by scanluver > Dec 8, 2021 1:46 PM | Report Abuse

Well, if you listen to conman c0ckraider, it would have been 0.60 3 months ago? LMFAO

stockraider If u listen to this silly scanluver...u better jump into klang river loh!

Posted by scanluver > Dec 8, 2021 1:35 PM | Report Abuse

On the way but only consider buying at 0.16 :D

lucky8 not yet 20sen? come la

Posted by scanluver > 2021-12-08 14:03 | Report Abuse

LOL. No need to imagine, I never invested in any of that crap including BCorpse :D

Posted by wantanmi > 2021-12-08 16:24 | Report Abuse

Yup! Will dance with u when reached sweet 17?