Posted by OceanSky > 2020-02-21 09:20 | Report Abuse

Sorry, mistake on property rersult, at Q1
Re-phase it.
Dear all,
The Sun Daily stated Berjaya Land posts RM11.19 million pre-tax profit in second quarter.
It is not wrong.
However, once deduct the taxation oof RM42.72 mil, the result become loss after tax (RM31.5 mil)

Furthermore, it was consolidated result inclusive of BjToto (with HR Owen's result).
Once remove the Non-controlling interests of BjToto (with HR Owen too) of RM32.2 mil.

The nett loss after tax on Parent (menas BjLand Company) is (RM63.73 mil), 1.28 sen per share.

Let's study A6, segmental results, as the results were accumulated, while read you must break those results into each quarter's result for your comparison.

Both Toto betting and Motor retailer (HR Owen) results remain unchanged.
Hotel getting stronger but not much impact.
However, Property arm giving poor result, loss (RM32.8) mil vs loss (RM17.7) mil at Q1.
The worst was, Clubs and others, loss (RM41.82 mil), vs loss (RM2.15 mil) at Q1.

Now you could see the losses of (RM63.73 mil), mainly from the above.

Posted by OceanSky > 2020-02-21 09:43 | Report Abuse

Dear all,

Let us analyse the corporate proposals (B7) and litigation (B9) of BjLand:

A. STC case, it has new hearing date of the Main Appeal on 27 March 2020,

Posted by Eddysurge > 2020-02-21 09:47 | Report Abuse

Told you ready, next time pls don't send me any wasted booklets or polluted CD to my place. Just send me Oveansky statement and vision enough, get it..

Posted by OceanSky > 2020-02-21 09:57 | Report Abuse

Dear all,

Let us analyse the corporate proposals (B7) and litigation (B9) of BjLand:

A. STC case, it has new hearing date of the Main Appeal on 27 March 2020, it made STC case will go on for some-times.

B. GMOC case, The arbitral tribunal is currently in deliberations and a decision is expected during the second quarter of 2020. Means result shall be out before June-2020.
Once the case close, there is inflow of RM600 mil ++

C. BVFC and BVIUT case. The disposal nego started 4 June 2018. Value RM155 mil + others.
Once the deal closed, there is inflow of RM155 mil ++

B9. JDC Lawsuit, Jeju.
The court has fixed 9 January 2020 for delivery of the judgment.
On 9 January 2020, the delivery of the court's judgement was postponed to 6 February 2020.
On 6 February 2020, the court further postponed the delivery of its judgement to an unspecified date.
This means both parties still unable to come to an agreement.
Once the deal closed, there is inlfow of RM600 mil to RM1,000 mil. (As VT seek for )

On top of the above, the additional could be:

1. Disposal of Seraton Hotel at Hanoi, It could bring in inflow of RM500 mil ++.

2. Disposal of Four-Seasons Hotel at Kyoto. It could bring in inflow of RM1,600 mil (To BjLand).

Posted by Eddysurge > 2020-02-21 09:58 | Report Abuse

The main purpose , they want your shares at the moment. Otherwise, they can press lower. Who wants bjland shares? No dividend , loss at accounting trick, and business environment affected. Investment big but peanuts gain to minority.

Posted by wantanmi > 2020-02-21 10:21 | Report Abuse

Well said...VT wants ur shares hence the accounting trick...u don't normally makes impairment, depreciation & provision for taxation in Qtrly results. Anyway as mentioned by Sun Daily, BJLand's cumulative six months results reported a pre-tax profit and revenue of RM92.71 million and RM3.11 billion, respectively.

https://www.thesundaily.my/business/berjaya-land-posts-rm1119-million-pre-tax-profit-in-second-quarter-HI2028449

Posted by bahai4453 > 2020-02-21 11:35 | Report Abuse

Muslims pray at least twice a day and Allah brings them oil and natural gas.
When everybody are cursing you everyday and one fine day you will........Anyway I don't curse (it's against my belief).
Be aware ! Nobody can escapes from karma.

Posted by Eddysurge > 2020-02-21 11:37 | Report Abuse

As mentioned by Oceansky, delaying but still upset for downperformance. What's I worry about is big project . You know, TSVT will make the profits less apparently and burden the undertakers bjcorp and all subsidiaries minority. That's why the so called mega projects, from timeline, cost & extimated profits , all add in to market shares price without supported.

Posted by Eddysurge > 2020-02-21 13:15 | Report Abuse

Anyone's want to reveal how these mega projects will affect the earnings, trapped or so called second waves of schemes as I read from ppl written here?

Posted by wantanmi > 2020-02-21 13:33 | Report Abuse

Thxs for ur hardwork to unravel all the current accounting tricks and mega projects of benefit to all. Muchas Gracias & keep up the good work!

OceanSky Dear all,

Let us analyse the corporate proposals (B7) and litigation (B9) of BjLand:

A. STC case, it has new hearing date of the Main Appeal on 27 March 2020, it made STC case will go on for some-times.

B. GMOC case, The arbitral tribunal is currently in deliberations and a decision is expected during the second quarter of 2020. Means result shall be out before June-2020.
Once the case close, there is inflow of RM600 mil ++

C. BVFC and BVIUT case. The disposal nego started 4 June 2018. Value RM155 mil + others.
Once the deal closed, there is inflow of RM155 mil ++

B9. JDC Lawsuit, Jeju.
The court has fixed 9 January 2020 for delivery of the judgment.
On 9 January 2020, the delivery of the court's judgement was postponed to 6 February 2020.
On 6 February 2020, the court further postponed the delivery of its judgement to an unspecified date.
This means both parties still unable to come to an agreement.
Once the deal closed, there is inlfow of RM600 mil to RM1,000 mil. (As VT seek for )

On top of the above, the additional could be:

1. Disposal of Seraton Hotel at Hanoi, It could bring in inflow of RM500 mil ++.

2. Disposal of Four-Seasons Hotel at Kyoto. It could bring in inflow of RM1,600 mil (To BjLand

Posted by terence775 > 2020-02-26 09:07 | Report Abuse

Any sifu mind sharing, what's the next target date to keep track for new development?

Posted by Leong1982 > 2020-02-26 10:16 | Report Abuse

BJLand must settle the payment of Iceland hotel deal this Friday (they already asked for extension in December 2019). So they might be under pressure to settle Jeju case to receive cash compensation ASAP.

Posted by wantanmi > 2020-02-26 10:28 | Report Abuse

Probably...Btw VT's currently at FSKyoto negotiating another sale? & next stop's Seoul?

Posted by Leong1982 > 2020-02-26 10:38 | Report Abuse

Boss go holiday enjoying life, small shareholders awaiting good news like a dog here.
Pity those who have been holding bjland shares since 2015 or earlier...
From RM0.80 to RM0.17....
Buy a Kimchi Korean car also won't get such depreciation

Posted by Eddysurge > 2020-02-26 11:30 | Report Abuse

Bjland shareholders the only wishes now is privatisation. After qtr results, even market price advance, how much can be compared others potential upward stock at this bottom market? Even bjcorp now is yoyo waiting qtr results, trends lower to pare even expect better than bjland. No use buying bjcorp when outside there got potential opportunity.

Posted by Eddysurge > 2020-02-26 11:38 | Report Abuse

Bjland mega projects really a bomb if no carefully undertaken, otherwise may be like previous case. Gain peanuts to minority.

Posted by Eddysurge > 2020-02-26 14:23 | Report Abuse

Remembered TSVT press conference said, wants to sale Japan four seasons hotel, but didn't mention Jeju case & others. Once sold, may use the fund for privatisation bjland and restructure. But, now before sale, already cash out for big project's. Both bjcorp & bjland will depleted the cash very fast and you can imagine.. After dividend , any left!

Posted by kahhoeng > 2020-02-26 15:59 | Report Abuse

press conference more than a year ago!

Posted by Surewind > 2020-02-26 22:49 | Report Abuse

If Japan really cancel their Olympics then Kyoto 4 seasons hotel value would not have its current premium attached to it.

Posted by Eddysurge > 2020-02-27 00:10 | Report Abuse

More headwinds to bjland as well. This may written in next qtr results. Such a laughing company. Don't have visions , restructure plans and furthermore shrinking strategies. But allowing big projects to trigger bombs, so that got excuse to fat the pockets.

Posted by Eddysurge > 2020-02-27 00:44 | Report Abuse

Err.., something wrong? You didn't see remedy, but deeper the wound.

Posted by Jeffreyteck > 2020-02-28 05:35 | Report Abuse

Still quite well supported.

Posted by Leong1982 > 2020-02-28 10:30 | Report Abuse

wow, cheap sales now, boss please support if you wanna do charity

Posted by shortinvestor77 > 2020-02-28 13:27 | Report Abuse

PROPOSED DISPOSAL AND LEASEBACK OF THE HOTEL COMPONENT OF FOUR SEASONS HOTEL & HOTEL RESIDENCES KYOTO, JAPAN
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3028861

Posted by shortinvestor77 > 2020-02-28 13:39 | Report Abuse

Payment of withholding tax for the dividends to be declared by
KHHA upon completion of the Proposed Disposal
RM 50.34 mil.
KHHA is an associated company of BLand with an effective 50% equity interest.

Posted by Leong1982 > 2020-02-28 13:51 | Report Abuse

boss coming to rescue all ikan bilis liao loo

Posted by wantanmi > 2020-02-28 13:52 | Report Abuse

No wonder VT braved Covid19 in Tokyo yesterday to finalize the sale & leaseback of FSKyoto...

Posted by Leong1982 > 2020-02-28 13:52 | Report Abuse

next quarter result, Bursa champion TSVT

Posted by Leong1982 > 2020-02-28 13:54 | Report Abuse

The pretty director already hinted you all what, she and TSVT went to Kyoto this week. you all pandai pandai must all in

Posted by Surewind > 2020-02-28 13:59 | Report Abuse

The Proposals are expected to result in a share of estimated profit of about RM201.9 million at the
BLand Group. wow!

Posted by kahhoeng > 2020-02-28 14:00 | Report Abuse

how come BJLand makes 200 millions while BJCorp makes 600 millions?!?

Posted by kahhoeng > 2020-02-28 14:03 | Report Abuse

yeah, been longing for dividend for years already, at least 0.01 per share annually to show appreciation to minorities...

Posted by wantanmi > 2020-02-28 14:10 | Report Abuse

VT only sold the Hotel Component of FSKyoto for RM1.87 Billion? means Berjaya Group still get the FSKyoto Residences part for free?

Posted by Leong1982 > 2020-02-28 14:11 | Report Abuse

Kahhoeng, bjcorp reported 100% stakes pretax earning... bjland reported 50% earning, not sure pretax or after-tax.

Posted by kahhoeng > 2020-02-28 14:14 | Report Abuse

The Residences part, I think more than 50% sold, it was mentioned once...

Posted by Leong1982 > 2020-02-28 14:16 | Report Abuse

freetospeak, this announcement came after market closed for midday break la

Posted by Leong1982 > 2020-02-28 14:23 | Report Abuse

so u mean after market open it will plummet?

Posted by Leong1982 > 2020-02-28 14:30 | Report Abuse

in this kind of market, anything can happen.
but i don't know what your intention is to spread negativities here

Posted by Sebastian Power > 2020-02-28 14:42 | Report Abuse

misai will sapu all the estimated profit of about RM201.9 million

Posted by Eddysurge > 2020-02-28 14:44 | Report Abuse

Don't argue about the market price, see the sign and respond.

Posted by Eddysurge > 2020-02-28 14:49 | Report Abuse

Let's say now is 16cent, suddenly 21cents with only few transaction. Good. If continue 23cent, buying more than seller. Better. Continue this trend will be superb.

Posted by PMHLDG288 > 2020-02-28 14:51 | Report Abuse

without dividend ,the share price remains stagnant.

Posted by Eddysurge > 2020-02-28 15:15 | Report Abuse

Last times without anything, from 80 cents can drop to 16 cents. The stupid is bjcorp can bought with that's price from nono. Then can't pare back without gain and motive.

Posted by kasinathan > 2020-02-28 15:22 | Report Abuse

Dow will be dropping another 1500 point tonight

Posted by kasinathan > 2020-02-28 15:23 | Report Abuse

Bland???

Posted by freetospeak > 2020-02-28 15:23 | Report Abuse

脱售收益中，16亿令吉将用于偿还银行借款，2亿1600万令吉为营运资本，其余5600万令吉为这项交易开支 . No dividend no neeed hope.

Posted by freetospeak > 2020-02-28 15:25 | Report Abuse

1.6 b for loan repayment, 0.2 for operation cost..rest for fees.

Posted by wantanmi > 2020-02-28 15:39 | Report Abuse

No need to speculate, the details of FSKyoto hotel component transaction from VT..."PRESS RELEASE
28 February 2020
BERJAYA CORP SELLS FOUR SEASONS HOTEL KYOTO FOR A HEFTY
GAIN
Kyoto, Japan – Berjaya Corporation Berhad (“BCorp”) today announced that its subsidiary,
Kyoto Higashiyama Hospitality Assets Tokutei Mokuteki Kaisha (“KHHA”) has entered into a
Real Property Trust Beneficial Interest Purchase and Sale Agreement for the proposed
disposal of the trust beneficial interest on the hotel component of the Four Seasons Hotel &
Hotel Residences Kyoto, Japan (“Hotel”) to Godo Kaisha Tigre (“Tigre”), a Japanese
company, for a cash consideration of JPY49.00 billion (about RM1.87 billion) (“Disposal”).
The Disposal is targeted to close in mid-March 2020.
Subsequently, Berjaya Kyoto Development Kabushiki Kaisha (“BKD”), another subsidiary of
BCorp, will leaseback the Hotel from Tigre for 17 years to maintain the present arrangements
and operations of the Hotel.
Both KHHA and BKD are 100%-owned subsidiaries of Berjaya Kyoto Development (S) Pte
Ltd, which in turn is held by BCorp and its listed subsidiary namely Berjaya Land Berhad with
each holding 50% equity interest.
The Hotel commenced operations in 2016 under renowned Four Seasons brand. The 5-star
Hotel is 5-storey cum 2 basement floors with 123 hotel rooms and is located within close
proximity of tourist attractions such as the Kyoto National Museum, Kiyomizu-dera Temple,
Sanjusangendo Temple, Chishakuin Temple and Myohoin Temple.
Besides the Hotel, the BCorp Group also developed 57 units of residences and also operated
under the brandname of Four Seasons Hotel & Hotel Residences in Kyoto, Japan. These
residences are not part of the Disposal.
2
The Disposal provides an opportunity for the BCorp Group to monetise its investments in the
Hotel at a very attractive price with estimated gain exceeding RM600 million.
“I am happy to dispose this Hotel which is only about 3½ years old for a huge gain. Together
with the 23 units of the Four Seasons Kyoto residences which were already sold and the
estimated profit from the potential sale of the remaining 34 units of the residences, the BCorp
Group is expecting to realise a total net gain of about RM1.55 billion with gross cash inflows
surpassing RM3.22 billion for our entire Four Seasons Hotel and Residences project in Kyoto.”
said Tan Sri Dato’ Seri Vincent Tan, the Executive Chairman of BCorp.
- END -"

Posted by Eddysurge > 2020-02-28 16:32 | Report Abuse

Reporters must written accordingly. No professional at all.

Posted by Eddysurge > 2020-02-28 16:35 | Report Abuse

Where is net profit??