Buy gold stocks because the wars in Middle East getting worse and critical may anytime spreading to other countries 💥💥💥🩸🩸🩸…recommended gold stocks-NICE ⬆️⬆️⬆️✅
the Four Seasons Okinawa is targeting its grand opening in the second quarter of 2027 3.5 years from now. It is like Genting developed Genting S'pore previously. Take so long to see their actual openning.
Only get a syndicated loan of USD330 million. Gross Development Value of USD1.12 billion. Are there more loans will be borrowed for the whole project ?
Borrow USD at current high exchange rate to JY should be fine. Work shall be done in JY. Once Fed Reserve interest rate start drop back, projected exchange rate of JY will drop. Present JY:USD is 150:1, if it drop to 100:1, there is capital gain of 33% on exchange rate. As repayment will be 5 to 10 years from now.
Refer to year 2004 to 2206, BLand could attract foreign fund manager to but in their shares up to RM5,00; that time BLand selling their Mega projects at GMOC, at China; Jeju Resort at Korea, and Kyoto Hotel at Japan. End up, they manage to complete only one job, but price drop to 20sen.
Impairment have been made since 2017, while they take legal suit to buyer. Total impairment have come to RM473mil. The initial debts is of RM595mil, with interest, built up to RM650mil, as recorded.
From report, state that: The courts in the People’s Republic of China and Hong Kong had ordered that various assets of Beijing SkyOcean and its Guarantors to be frozen and would be appraised for auction to eventually recover the Final Award. Due to the Covid-19 situation in China previously, the abovementioned recognition and enforcement proceedings had been delayed and are still ongoing at this juncture.
Nevertheless, as BLand declare impairment, means the recovery of debts could be challenging: as compare to Jeju Resort case, there was no impairment being allowed. Finally, Jeju debts were recovered.
However, if the debts were recovered, it will be gain of RM473mil on BLand group, plus interest gain of RM65mil. With exclude minor minority interest, Bland can get RM270mil profit, from the collection.
If GMOC case settled, and STC appeal case closed with Selangor state, BLand shall boost for next high with their new plan on: 1. Okinawa Hotel, up to 2027 2. Yokohama Hotel, up to 2028, 3. Sg Besi new development plan, up to 2035. 4. Development of river side conds jointly venture with Landasan Lumayan, up to 2032.
From record frozen assets of Beijing SkyOcean namely shares in Tuopai Shede Wine, shall worth RMB3.8Bil. Good enough for the repayment, however, knowing ZhouZheng has declared bankruptcy, how much could it worth now, and how many debtors are queing up to get back from him, will be an issue.
Anyway, the recovery of RM650mil, which Bland portion of RM330mil, is no more great news as compare to the won case of STC relocation and development of Okinawa Hotel, the development of Yokohama Hotel is under BCorp, not BLand. Plus the development of SRKU scheme and River side scheme under LLBSB. These will be the potential movement of BLand going forward.
Thanks for information provided by Skynet2000. The future is brighter as STC case settled and Sungai Besi development plan can begin as soon as possible.
This counter sell at 28 sen therefore do not compare with those good counters. I am willing to invest in this counter and expect good return within 2 years with improve profit.
BERJAYA LAND BERHAD [Registration No. 199001010193 (201765-A)] (Incorporated in Malaysia)
NOTIFICATION TO SHAREHOLDERS THIRTY-THIRD ANNUAL GENERAL MEETING (“33RD AGM”)
Dear Valued Shareholders of Berjaya Land Berhad (“Company”),
We are pleased to invite you to participate in the 33rd AGM of the Company, which will be conducted on a virtual basis through live streaming via Remote Participation and Voting (“RPV”) facilities from the broadcast venue, details as set out below:
Date and time : Tuesday, 12 December 2023, 10.00 a.m. Broadcast Venue : Manhattan V, Level 14, Berjaya Times Square Hotel, Kuala Lumpur, No. 1 Jalan Imbi, 55100 Kuala Lumpur
@simon2020 Secured a USD300million, RM11.6bil loan, does not means immediate borrowing will up RM1.6bil. Borrowing will pick up while they draw-down from bank during the hotel construction period.
BLand property division will load with plenty of works: 1. Hotel at Okinawa, RM6bil, in 4 years 2. Hotel at Yokohama, RM6bil, in 4 years 3. Sg Besi works, GDV RM8bil, (based on former report), in 10 years 4. Work with Landasan Lumayan Berjaya JV, GDV RM8bil, in 10 years. 5. Work at Times Square Condo, GDV RM600mil, in 4 years 6. Dev at Penang, Bkt Jalil, Shah Alam, and SRKU, GDV RM1bil, in 4 years.
To my understanding, GDV of Okinawa Four Seasons includes land value (which is either paid or current under loan agreement years ago,) earlier work in progress (no idea how much has been spent on the project) and expected earnings (was it reported earlier?). So, BLand does not necessarily need to raise another USD 700 million for the project.
Hotel Okinawa ground breaking was on Nov-2020, 3 years only completed civil foundation work. I believe the main reason for the slow progress shall be MCO at Japan, second reason should be securing bank loan for the main building works. As said, GDV was USD1.2 Bil, with the loan of USD330 million, how to complete the work without further borrowings?
BLand have established a subsidiary in Japan to undertake the main building works. Via this company, the work in progress could become work revenue, under property division for the next 4 years. This could boost the revenue of Property division, as it has been under performance for the past 5 years, of RM300mil per year the most. If Hotel Okinawa is progressing as well as their planning, it will give RM1.5 bil per year; If Hotel Yokohama also take-off as planned, another RM1.5 bil of revenue recorded. Even Hotel Yokohama owner is BCorp, however the construction revenue is under BLand as they are the main contractor who carry out the works.
In fact, BLand have taken their entitlement of profits, on FY-23 dividend from Hotel Kyoto, first RM100mil paid at Q2-FY23, second RM104mil paid at Q4-FY23. These two distributions have kept BLand stay positive even with the impairment losses of -RM99mil from GMOC at Q4-FY23.
BLand future profit must come from the Property division, as the other 3 arms have been giving good results and recover from losses after pendamic period.
Uncle Tan srewed up in cave by selling off his bjland share at non confidence move 25 cent. To whom that willing to bought??? A loans that still in progressive tor skynet2000
BLand property division will load with plenty of works: 1. Hotel at Okinawa, RM6bil, in 4 years 2. Hotel at Yokohama, RM6bil, in 4 years 3. Sg Besi works, GDV RM8bil, (based on former report), in 10 years 4. Work with Landasan Lumayan Berjaya JV, GDV RM8bil, in 10 years. 5. Work at Times Square Condo, GDV RM600mil, in 4 years 6. Dev at Penang, Bkt Jalil, Shah Alam, and SRKU, GDV RM1bil, in 4 years. gangnam
Lol...Biz must be bad with Uncle Tan's men doing damage control? Speechless! Cashflow vs Loan ( damage control ) Only major shareholder have the ideas for future envisage.
@gangnam No need to shut-up , VT more worry if no one keen on his companies. That is why his company shares can't go up. Cheap also people don't want as they are many other better options.
@simon2020, I have no specific intel to judge how could BjLand run their Mega projects via continuous bank borrowings. Anyway, Yokohama Hotel financing shall be under BjCorp. BjLand shall only be main contractor for the building works.
@simon2020, beside Redtone, BjCorp also sold 77.3 million of BjFood shares, for RM50mil, and sold 30,77 million of BjLand shares. However, this is the moment for BjLand and BjCorp to raise up after several years of down side. I do believe that to hold on BjCorp and BjLand should be the most appropriate move instead of dispose of shares, to follow BjCorp movement. As their transactions are via direct transaction, could be passing those shares to their syndicate parties; prepare for "goreng" upon group release of more good news.
For Okinawa Hotel fund raising, as USD330 million raised at this junction, which proven that BjLand financial position was healthy to accept the additional loan.
At present, BjLand has RM3.5B debts, add RM1.6B loan to debts of RM5.1B. The Debts to Equity ratio may not be 85%, as Okinawa Hotel value shall be added in too. At present, BjLand equity is RM6.0B, with Okinawa value of RM1.6B, equity is RM7.6B. Therefore, Debts to Equity ratio is RM5.1B / RM7.6B = 67%.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 257 views | 1 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11380 views | 9 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ocbc
1,076 posts
Posted by ocbc > 2023-10-27 21:07 | Report Abuse
Good observation 👍