BERJAYA CORPORATION BHD

KLSE (MYR): BJCORP (3395)

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Last Price

0.325

Today's Change

-0.005 (1.52%)

Day's Change

0.325 - 0.33

Trading Volume

2,674,200


43 people like this.

45,453 comment(s). Last comment by Eagle77 1 week ago

Posted by shortinvestor77 > 2022-12-29 17:00 | Report Abuse

Happy happy New Year no matter it is.

lim1818

58 posts

Posted by lim1818 > 2022-12-31 11:14 | Report Abuse

Probably take over Pacific & Orient Insurance unit from P&O Bhd's holding of 51% to synergize with berjaya sompo to complement bermaz's motor vehicle sales.

Posted by wallstreetrookieNEW > 2022-12-31 22:25 | Report Abuse

@bulldog I bought a lot, SEM and Berjaya Corp. Hopefully these two companies will outperform KLCI index in 2023. What do you think> Should I add?

DickyMe

14,864 posts

Posted by DickyMe > 2022-12-31 22:38 | Report Abuse

20 sen coming soon!

Posted by wallstreetrookieNEW > 2022-12-31 22:40 | Report Abuse

20 cent in your dream

Posted by wallstreetrookieNEW > 2022-12-31 22:40 | Report Abuse

You think Vincent Tan wants to sell his block to you at 20 cent? You must be a shark then

bulldog

12,157 posts

Posted by bulldog > 2023-01-01 21:48 | Report Abuse

Sure wallstreet.....but it is for investment....no contra please.
Please set ahead your stop loss limit as well.

Bulldog will continue accumulate together with bjasset and bjland


Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2023-01-01 21:49 | Report Abuse

Dickome...20c I will buy all from you if you have it during January 2023


Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2023-01-01 21:50 | Report Abuse

40 is coming


Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2023-01-01 21:51 | Report Abuse

I think kossan will give full support to VT


Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2023-01-01 21:51 | Report Abuse

Accumulation in progress


Huat chaiii

Posted by ikanbiliskering > 2023-01-03 10:32 | Report Abuse

HUAT CHAIII mana? BULLDOG quiet today

stockraider

31,556 posts

Posted by stockraider > 2023-01-03 10:35 | Report Abuse

collection time loh....$$$$$$$$$$$$$$$$$$ coming mah!

Michael Kwok

6,424 posts

Posted by Michael Kwok > 2023-01-03 11:06 | Report Abuse

Bulldog and stock raider buy cypark.Price 47-48 cents.if down some-more buy.got ong in 3-6 month time.
3/1/23 11.05pm

stockraider

31,556 posts

Posted by stockraider > 2023-01-03 11:11 | Report Abuse

Michael kwok,

U do not know there is corp action behind bjcorp loh!

Do not underestimate this power mah!

bulldog

12,157 posts

Posted by bulldog > 2023-01-03 11:14 | Report Abuse

Keep on accumulate mahhh....sell one house convert to bjcorp


Huat chaiii

stockraider

31,556 posts

Posted by stockraider > 2023-01-03 11:16 | Report Abuse

Yes sell your car & buy bjcorp and hold for 1 yr loh!

Car is a depreciating assets & bjcorp appreciating assets loh!

stockraider

31,556 posts

Posted by stockraider > 2023-01-03 12:11 | Report Abuse

Uncle Tan did not cash out lah!

He invited his allies to buy mah!
Posted by gangnam > 15 minutes ago | Report Abuse

Lol...Uncle Tan has cashed out 400M with another 200M BJCorp shares to sell...next question's where he is going to cash in after BJAsset & BJCorp?

kahhoeng

3,950 posts

Posted by kahhoeng > 2023-01-03 12:58 | Report Abuse

genuine doubt it's a cash out, unless those buying are paying a premium. BCorp has an NA of more than 1.00, why would VT sell them at 0.30 and below??? Those buying through direct transactions, if at less than 0.30, can easily buy from open market. My guess, just have some friendly parties to hold for him, showing to BN that he has met the requirement to acquire financial co???

gangnam

755 posts

Posted by gangnam > 2023-01-04 11:31 | Report Abuse

Lol...What is Uncle Tan up to next? after cashing out 400M with another 200M BJCorp shares to sell. Uncle Tan has cash in on BJLand & SEM lately for what? Good for nothing Robin has resigned from SEM and now Anwar's exPolitical Secretary Farhash has been appointed Chairman. BJLand has also emerged as substantial shareholder with more than 5% in SEM...what's the purpose???

stockraider

31,556 posts

Posted by stockraider > 2023-01-04 16:12 | Report Abuse

Lu tau boh ??

Sell upto below 20% for VT loh!

bulldog

12,157 posts

Posted by bulldog > 2023-01-04 17:03 | Report Abuse

Accumulation in progress


Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2023-01-05 11:31 | Report Abuse

Uptrend intact


Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2023-01-05 11:49 | Report Abuse

Prepare to break 40 by end of the month


Huat chaiii

ocbc

1,148 posts

Posted by ocbc > 2023-01-05 13:11 | Report Abuse

compress spring for too long, hope able to release in 2023

scanluver

1,048 posts

Posted by scanluver > 2023-01-06 10:42 |

Post removed.Why?

scanluver

1,048 posts

Posted by scanluver > 2023-01-06 10:44 | Report Abuse

Hey Betty,

When is VT going to appoint Hadi Bawang as Chairman of SPToto? :D

Bettyem

Making sense of Vincent Tan’s moves in BJCorp/BJLand.

The possibility of Berjaya Corporation Bhd acquiring a financial services company had sent the stock in a frenzy.

The counter was one of the top active counters on Bursa Malaysia on Dec 28 although it added only as much as 1.5 sen to an intraday high of 31 sen.

However, the counter closed 1.7% lower at 29 sen.

The profit taking is probably anticipated as investors are likely skeptical on the potential deal.

According to a news report, Berjaya Corp founder and major shareholder Vincent Tan Chee Yioun intends to pare his stake in the company to 19.6% from 26% in order to comply with Section 92 of the FSA.

Apparently, Tan has been making several share disposals to reduce his stake in Berjaya Corp.

He sold 400 million shares via direct business transaction on Dec 22. He owns a 12.95% direct interest and a 13.29% indirect interest after the share sales.

Interestingly, Kossan Rubber Industries Bhd's founder and managing director Tan Sri Lim Kuang Sia emerged as a substantial shareholder of Berjaya Corp after acquiring 400 million shares or a 7.16% stake in the company.

Is Lim holding the shares on Tan’s behalf or is Lim looking to diversify its investments to be part of this conglomerate looking to restructure itself into a financial services provider?

Berjaya Corp current activities includes stockbroking, asset & land management and lottery operations under Berjaya Land.

Berjaya Corp is also involved in provision of insurance via its 30% stake in Berjaya Sompo Insurance Bhd. Sompo Holdings (Asia) Pte Ltd owns the remaining 70% stake.

In addition, it wholly owns a stockbroking arm — Inter-Pacific Securities Sdn Bhd.

For sure, Tan’s cashing out his 400 million shares in Berjaya Corp would help make up the loss of steady income from its 10-year warrants, which have expired.

With the cash from the share sale, Tan can buy more shares in Berjaya Land.

Why Berjaya Land?

If Berjaya Corp becomes a financial services provider, it can’t hold a banking license and at the same time, a gaming licence under its major subsidiary, Berjaya Land.

As such, Berjaya Corp may have to hive off Berjaya Land's 40% interest in Berjaya Toto to another entity probably under Tan’s control.

Investors are probably better off putting their money in Berjaya Land for better upside compared with Berjaya Corp.

There are plenty more speculations on Tan’s next moves and investors would likely place their bets on the tycoon once the deal has been firmed up and viewed as a beneficial move.

bulldog

12,157 posts

Posted by bulldog > 2023-01-06 17:56 | Report Abuse

Accumulation in progress


Huat chaiii

Michael Kwok

6,424 posts

Posted by Michael Kwok > 2023-01-06 18:03 | Report Abuse

Price 30-30.5cents
I see bjcorp can 34-36 cents
Reason break 29.5 cents
6/1/23 6.03pm

bulldog

12,157 posts

Posted by bulldog > 2023-01-06 22:37 | Report Abuse

Hold tight tight


Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2023-01-06 22:38 | Report Abuse

Clear sky ahead... expect minor turbulence only


Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2023-01-06 22:38 | Report Abuse

We will dance at 40 shortly


Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2023-01-06 22:39 | Report Abuse

Poor naysayers already shy away


Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2023-01-06 22:50 | Report Abuse

Enjoy the movie


Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2023-01-06 22:50 | Report Abuse

Ini kalilah


Huat chaiii

Bettyem

659 posts

Posted by Bettyem > 2023-01-07 13:23 | Report Abuse

Update on Making sense of Vincent Tan’s moves in BJCorp/BJLand/7Eleven.

The possibility of Berjaya Corporation Bhd acquiring a financial services company had sent the stock in a frenzy and was one of the top active counters on Bursa Malaysia on Dec 28 adding as much as 1.5 sen to an intraday high of 31 sen. Profit taking has been well absorbed and probably anticipated as some investors were skeptical on the potential deal.

According to news report, Berjaya Corp founder and major shareholder Vincent Tan Chee Yioun intends to pare his stake in the company to 19.6% from 26% in order to comply with Section 92 of the FSA.

Apparently, Tan has been making several share disposals to reduce his stake in Berjaya Corp. He sold 400 million shares via direct business transaction on Dec 22. He owns a 12.95% direct interest and a 13.29% indirect interest after the share sales.

Interestingly, Kossan Rubber Industries Bhd's founder and managing director Tan Sri Lim Kuang Sia emerged as a substantial shareholder of Berjaya Corp after acquiring 400 million shares or a 7.16% stake in the company. Is Lim holding the shares on Tan’s behalf or is Lim looking to diversify its investments to be part of this conglomerate looking to restructure itself into a financial services provider?

On Jan 6, Vincent Tan Chee Yioun divested another 40 million shares or 0.7% stake in the group to his son-in-law SM Faliq SM Nasimuddin for RM10 million or 25 sen per share.
SM Faliq, who is deputy group executive chairman of Naza Group, is married to Vincent Tan’s daughter Chryseis Tan Sheik Ling.

Bursa filings show that Chryseis Tan, who is also BCorp’s and BJLand's non-executive director, acquired the shares in two tranches (34.52 million shares and 5.48 million shares) through her spouse. Subsequent to the divestment, Vincent Tan is left with 12.25% direct interest and 13.29% indirect stake in BCorp. In order to meet S92 FSA requirements, Tan needs to sell another 2.25% direct interest or 129 million shares in BJcorp. The FSA does not allow any individual to own more than 10% stake in a financial institution.

The divestment seems to be part of a bid for the billionaire to pare down his shareholding in BCorp, and pave the way for the group’s potential acquisition of a financial institution.
Shares of BCorp closed half a sen or 1.7% higher at 30.5 sen while BJLand closed at 26.5 sen on Friday (Jan 6).

Berjaya Corp current activities includes stockbroking, asset & land management and lottery operations under Berjaya Land. Berjaya Corp is also involved in provision of insurance via its 30% stake in Berjaya Sompo Insurance Bhd. Sompo Holdings (Asia) Pte Ltd owns the remaining 70% stake. In addition, it wholly owns a stockbroking arm — Inter-Pacific Securities Sdn Bhd.

For sure, Tan’s cashing out his 440 million shares in Berjaya Corp would help make up the loss of steady income from its 10-year warrants, which have expired. With the cash from the share sale, Tan can buy more shares in Berjaya Land. Infact, disclosures to Bursa indicated Tan has been acquiring BJLand shares almost on a daily basis through Berjaya Retail Berhad which is controlled by Tan and operates the 7-Eleven chain of convenience stores in Malaysia and markets consumer durable products under the Singer Group. It is also of interest Tan has been agressively acquiring 7Eleven shares recently together with BJLand, which now is a substantial shareholder with more than 5% shares in 7Eleven.

Why Berjaya Land?

If Berjaya Corp becomes a financial services provider, it can’t hold a banking license and at the same time, a gaming licence under its major subsidiary, Berjaya Land. As such, Berjaya Corp may have to hive off Berjaya Land's 40% interest in Berjaya Toto to another entity probably under Tan’s control. Investors are probably better off putting their money in Berjaya Land for better upside compared with Berjaya Corp. Currently BJLand is trading at 26.5 sen a discount of 13% to BJcorp closing price of 30.5 sen on Jan 6.

There are plenty more speculations on Tan’s next moves and investors would likely place their bets on the tycoon once the deal has been firmed up and viewed as a beneficial move. Latest moves by Tan includes appointing Farhash Wafa Salvador, Anwar's former Political Secretary and Loyalist as Chairman of 7Eleven, replacing Vincent Tan's son, Robin Tan Yeong Ching who is the current Chairman of STM Lottery (Formerly BToto).

bulldog

12,157 posts

Posted by bulldog > 2023-01-07 17:42 | Report Abuse

Hold tight tight


Huat chaiii

Posted by sailang_now > 2023-01-08 13:55 | Report Abuse

Something good must be coming up? Apart from Kossan, US Investment Fund Principal Global Advisers LLC has also increased their shareholding by 35.11% to 183M shares while UK Investment Fund Fulcrum Asset Management Sdn Bhd has 210M shares in BJCorp. Institutional funds now stands at 16.4% vs 35.5% for General Public...Normally Sharks and Insiders smell opportunity to make money before Bilis...

bulldog

12,157 posts

Posted by bulldog > 2023-01-08 21:02 | Report Abuse

Accumulation in progress


Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2023-01-08 21:02 | Report Abuse

Bulldog smell green papers


Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2023-01-08 21:05 | Report Abuse

Big bucks big bucks

Huat chaiii

Posted by wsb_investor > 2023-01-08 21:19 | Report Abuse

Vincent Tan used to say that Prudential and Digi were the most tragic divestment for him. I supposed this partly the reason he get into MCIS Life now (VT already owns U-mobile). Life insurance is a great business, if done right. However, typically local insurer, without foreign insurer support, usually will fail to perform well, as selling insurance contract is not like selling a house or a car, it is much more complex than every other things. MCIS also has a rather unique demographic (e.g. some said Pru and AIA only serve the rich), MCIS has a lead in certain demographic as well, but is not an attractive one. Overall, I dont think BCORP taking over MCIS is a good idea. If I were VT, I will rather take over AXA Affin Life (now Generali), or AmMetlife (to be sold to either Zurich or GE).

Posted by sailang_now > 2023-01-09 10:00 | Report Abuse

Should break resistant 0.31 soon since VT has revealed one card Once VT announce a definitive agreement to acquire a Financial Services Provider BJCorp could reach major resistant 33.5? One hint is BJCorp can't hold a Banking License and at the same time a Gaming Licence currently held by major subsidiary BJLand? Will appointment of Anwar loyalist as 7Eleven Chairman & Berjaya Construction Director helps VT's case? In the meantime collect laggard BJLand for better upside...

py1818 Tks for your daily bulletin..
All BJCorp Call Warrants has expired and no new ones in sight...in the meantime VT has been selling via direct biz transactions to Proxies for goreng purpose?...let's see what's VT next move?

py1818 *
@earlyretirement
@sailang_now
@bulldog
BjCorp
Highest price 0.50
Resistant 0.39
Resistant 0.35
Major resistant 0.335
Resistant 0.31
Price 0.305
Verdict - Already breaks resistant 0.29 decisively to show uptrend...

How to use buletin.
If price go below support, downtrend.
If price go above resistant, uptrend

Posted by kimperly > 2023-01-09 11:22 | Report Abuse

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bulldog

12,157 posts

Posted by bulldog > 2023-01-09 14:22 | Report Abuse

Smile and enjoy the show


Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2023-01-09 14:22 | Report Abuse

Panic buyer and panic naysayers start buying


Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2023-01-09 14:23 | Report Abuse

Bulldog keep on sending


Huat chaiii

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