BERJAYA LAND BHD

KLSE (MYR): BJLAND (4219)

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Last Price

0.325

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


3 people like this.

12,379 comment(s). Last comment by miniminer 1 day ago

Posted by BlueCheapstock > 2017-12-08 09:45 | Report Abuse

Haiz.... any idea still stuck here between 0.39 - 0.395... any good advices here?

Posted by Bystander123 > 2017-12-08 15:41 | Report Abuse

7/12/2017 17:57

BlueCheapstock Haiz.... any idea still stuck here between 0.39 - 0.395... any good advices here?
08/12/2017 09:45


u got to review how come u got stuck here in the first place n take away something positive, to learn +ve lesson to be an improved investor, not easily taken in by good promotors. u paid for the lesson

Royce Chan

302 posts

Posted by Royce Chan > 2017-12-08 23:29 | Report Abuse

The payment default may not bode well for the company. That surprises expectation to the downside!

Posted by Jeremiah Bizz > 2017-12-14 17:27 | Report Abuse

Someone is preventing this counter from going up tho...always stuck at 0.395

siaw53699

18 posts

Posted by siaw53699 > 2017-12-14 18:34 | Report Abuse

@Jeremiah Bizz....i'm share a same feel like you...... awaiting for the next announcement......

bennychen

193 posts

Posted by bennychen > 2017-12-14 20:26 | Report Abuse

Yes....there are Proxies at work buying the shares quietly and slowly. At the same time the same Proxies gang is loaded and queued with alot of shares for sale. This is the pattern I have been observing at BJLand.
Take note TSVT had collected 78.8% of the shares of BJLand and it will be no surprise for him to take this company to private for the simple reason that this company has extensive landbank and the current value of these lands would have been escalated in many folds....
Its a matter of time that the share will be chased up once the privatization is on....
Its a waiting game with TSVT.......

Posted by Jeremiah Bizz > 2017-12-17 18:43 | Report Abuse

Thx for the enlightment , guess will have to hold on for fruits ? lol

laulau

439 posts

Posted by laulau > 2017-12-19 00:27 | Report Abuse

ORDINARY SHARES DIRECT INTEREST

Name of Affected Person: Tan Sri Dato' Seri Vincent Tan Chee Yioun

Date of Transaction: 15.11.2017

Price per share: RM0.48

No. of shares acquired: 6,317,600

% of Ordinary shares: 0.127
Tan Sri Dato' Seri Vincent Tan Chee Yioun
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5605153

siaw53699

18 posts

Posted by siaw53699 > 2017-12-19 10:09 | Report Abuse

@laulau im not sure this is brewing or not.....just waiting for next coming QR report

siaw53699

18 posts

Posted by siaw53699 > 2017-12-19 10:16 | Report Abuse

@laulau & @bennychen ......both of you are awesome because providing a valuable information to us ^^ TQ

laulau

439 posts

Posted by laulau > 2017-12-19 10:20 | Report Abuse

Should be out anytime now...btw did you realise that somebody is trying to keep the price within 39.5~40 sens over 5 market days already...

siaw53699

18 posts

Posted by siaw53699 > 2017-12-19 10:26 | Report Abuse

@laulau ....yes im.....the price change within the range 39.5~40cent ... felt a bit of suspicious.....

siaw53699

18 posts

Posted by siaw53699 > 2017-12-19 10:30 | Report Abuse

i thought the price may rise after winning the STC project ......and expecting a something good from the disposal of berjaya great mall....

laulau

439 posts

Posted by laulau > 2017-12-19 14:35 | Report Abuse

Yes, very suspicious indeed...especially when TSVT bought at 48 sens but sells for 39.5~40 sens...sailang now if you have spare money as already at historical low....the returns will be very substantial once the announcement is out!

Posted by pakatan_harapan2 > 2017-12-19 14:37 | Report Abuse

Ini kali mesti ubah.

Posted by laulau > Dec 19, 2017 02:35 PM | Report Abuse

Yes, very suspicious indeed...especially when TSVT bought at 48 sens but sells for 39.5~40 sens...sailang now if you have spare money as already at historical low....the returns will be very substantial once the announcement is out!

siaw53699

18 posts

Posted by siaw53699 > 2017-12-19 16:53 | Report Abuse

@lau lau TQ for your valuable info

LA777

3,383 posts

Posted by LA777 > 2017-12-20 11:29 | Report Abuse

Nobody want to buy this counter??

Posted by coffeemoney HRC IS OTW TO RM 20 HUAT AH > 2017-12-20 19:55 | Report Abuse

Die liao lor.............

Posted by Mohd Fahmi Bin Jaes > 2017-12-20 20:19 |

Post removed.Why?

laulau

439 posts

Posted by laulau > 2017-12-20 22:26 | Report Abuse

Please take note BJLand would have reported a profit of RM59.18 million for Qtr. 2 instead of a loss of RM95.91 million due to provision for impairment of RMB243.51 million (equivalent to RM155.08 million) in the current quarter under review to account for the time value of money for the full recovery of the outstanding Final Instalment. This provision (equivalent to RM155.08 million) attributable to BJland will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors.

A7 There were no material events subsequent to the end of this current quarter that have not been reflected in the financial statements for this current financial quarter under review except for the non-payment of the balance sales proceeds amounting to RMB974.07 million (equivalent to RM620.33 million) ("Final Instalment"), to be received by Berjaya (China) Great Mall Co Ltd ("GMOC") from the disposal of GMOC Project as disclosed in Note B7(d).

GMOC, after having sought legal advice, will commence legal proceedings against Beijing SkyOcean and the Guarantors as it has strong grounds to recover the outstanding Final Instalment due to GMOC.

Based on the legal advice obtained, the Directors are confident that GMOC has strong grounds to fully recover the outstanding Final Instalment in due course.

UNAUDITED INTERIM FINANCIAL REPORT FOR THE QUARTER ENDED 31 OCTOBER 2017
For the current quarter under review, the Group reported a revenue of RM1.61 billion and pre-tax loss of *RM95.91 million. Excluding the * provision for impairment of balance sales proceeds from the sale of GMOC Project amounting to RM155.08 million, the Group would have reported a pre-tax profit for the current quarter under review of RM59.18 million.

* In accordance to FRS 139 : Financial Instruments: Recognition and Measurement, GMOC has made a provision for impairment of RMB243.51 million (equivalent to RM155.08 million) in the current quarter under review to account for the time value of money for the full recovery of the outstanding Final Instalment. This provision will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors.

(B1) The Group reported a pre-tax loss in the current quarter under review mainly due to:
(i) lower profit margins of H.R Owen Plc earned from certain new car sales;
(ii) the provision for impairment of balance sales proceed from the sale of GMOC Project (Note A3); and
(iii) the loss arising from partial disposal of interest in an associated company (Note A3).

A7 There were no material events subsequent to the end of this current quarter that have not been reflected in the financial statements for this current financial quarter under review except for the non-payment of the balance sales proceeds amounting to RMB974.07 million (equivalent to RM620.33 million) ("Final Instalment"), to be received by Berjaya (China) Great Mall Co Ltd ("GMOC") from the disposal of GMOC Project as disclosed in Note B7(d).

GMOC, after having sought legal advice, will commence legal proceedings against Beijing SkyOcean and the Guarantors as it has strong grounds to recover the outstanding Final Instalment due to GMOC.

Based on the legal advice obtained, the Directors are confident that GMOC has strong grounds to fully recover the outstanding Final Instalment in due course.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5643933

laulau

439 posts

Posted by laulau > 2017-12-20 22:29 | Report Abuse

SkyOcean Holdings Group Ltd now renamed DreamEast Group Limited in July 2017 is a profitable Hong Kong listed company, as the guarantor should have no problem in paying the amount due in full including interests charges, just late payment to BJLand.

Since the payment due is on 28 November 2017 ...It will have no material effect on BJLand coming Quarter results for the period ended 31 October 2017, to be announced latest by 22 December 2017

SkyOcean Holdings Group Ltd now renamed DreamEast Group Limited for the six months ended 30 June 2017 reported revenue of HKD 1 1,042,617,000 (RM5,777,055,509). Profit before tax was HKD 230,605,000 (RM120,600,195). Profit for the period from continuing operations was HKD 166,706,000 (RM87,216,915). Profit for the period attributable to owners of the company from continuing operations was HKD 160,633,000 (RM84,039,654) or HKD 0.394 (RM0.21) diluted earnings per share.

Do note that:
Beijing SkyOcean is a unit of SkyOcean Holdings Group Ltd where Zhou Zheng is a major shareholder of SkyOcean Holdings. Both SkyOcean Holdings and Zhou are guarantors for the performance of the obligations by Beijing SkyOcean following the sale of the Great Mall.

DreamEast Group Limited engages in the cultural and entertainment businesses in Hong Kong, China, and the United States. It develops and operates tourist resorts. The company was formerly known as SkyOcean International Holdings Limited and changed its name to DreamEast Group Limited in July 2017. DreamEast Group Limited is headquartered in Causeway Bay, Hong Kong.

DreamEast Group Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended 30 June 2017
Announced Aug 31 17
DreamEast Group Limited announced unaudited consolidated earnings results for the six months ended 30 June 2017. For the six months, the company reported revenue of HKD 1 1,042,617,000 against HKD 9,895,000 a year ago. Profit before tax was HKD 230,605,000 against HKD 150,891,000 a year ago. Profit for the period from continuing operations was HKD 166,706,000 against HKD 90,153,000 a year ago. Profit for the period attributable to owners of the company from continuing operations was HKD 160,633,000 or HKD 0.394 diluted earnings per share against HKD 85,143,000 or HKD 0.250 diluted earnings per share a year ago.

DreamEast Group Limited Announces audited Consolidated Earnings Results for the Six Months Ended 30 June 2017
Announced Sep 29 17
DreamEast Group Limited announced audited consolidated earnings results for the six months ended 30 June 2017. For the six months, the company reported net cash from operating activities of HKD 191,696,000 against net cash used in operating activities of HKD 866,101,000 a year ago. Purchase of property, plant and equipment were HKD 1,122,000 against HKD 413,000 a year ago.

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=878717
http://iis.aastocks.com/20170613/002836250-0.PDF

laulau

439 posts

Posted by laulau > 2017-12-20 22:29 | Report Abuse

More details on DreamEast Group Ltd (0593.HK) formerly known as SkyOcean International Holdings Limited.

Note: Both DreamEast Group Ltd formerly known as SkyOcean Holdings and Zhou are guarantors for the performance of the obligations by Beijing SkyOcean following the sale of the Great Mall by BJLand.

https://www.reuters.com/finance/stocks/0593.HK/key-developments

laulau

439 posts

Posted by laulau > 2017-12-20 22:30 | Report Abuse

More details on the Guarantor Zheng Zhou:

Note: Both DreamEast Group Ltd formerly known as SkyOcean Holdings and Zheng Zhou are guarantors for the performance of the obligations by Beijing SkyOcean following the sale of the Great Mall by BJLand.

Mr. Zhou Zheng has been appointed as Executive Chairman of the Board, Chief Executive Officer of SkyOcean International Holdings Limited. (now renamed as DreamEast Group Ltd (0593.HK) from July 2017), with effect from 27 January 2014. He is the sole director and beneficial owner of 80% equity interest in SkyOcean Investment, the immediate holding company of the Company. He is also the sole director of two subsidiaries of the Company, including Skyleaf Holdings Limited and SkyOcean International United Limited. Mr. Zhou has over 10 years of working experience in the property development and commercial retail industries and over 7 years of experience in the financial investment industry. He is currently a shareholder and the chairman of SkyOcean Group Holdings Co., Ltd a company established in the PRC and principally engaged in cultural, property development, commercial retail and financial investments industries. Mr. Zhou is also a director of China Minerals Mining Corporation, the shares of which are listed on the Toronto Stock Exchange.
https://www.reuters.com/finance/stocks/company-officers/0593.HK

Zheng Zhou, director of the Company, intends to subscribe for 1,500,000 Units. Mr. Zhou is the sole shareholder of both Sky Ocean Venture Investment Limited ("SkyOcean") and China Mineral Holdings Limited ("CMH"). Prior to closing of the Offering, SkyOcean and CMH collectively hold 44.22% of the issued and outstanding common shares in the capital of the Company making Mr. Zhou the Company's Control Person. After giving effect to the Offering, Mr. Zhou will hold, directly and indirectly, 32.68% of the issued and outstanding common shares in the capital of the Company.
https://www.newsfilecorp.com/release/30859/China-Minerals-Announces-Private-Placement#.Wjpz9d-WaUl

Hello99

24 posts

Posted by Hello99 > 2017-12-20 22:39 | Report Abuse

hopefully won't have negative reaction to the market tomorrow

laulau

439 posts

Posted by laulau > 2017-12-20 23:21 | Report Abuse

There will be contra players who may try to benefit from any reactions from those who don't read BJLand's detailed accounts on the provision (equivalent to RM155.08 million) attributable to BJland which will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors.".

But since it is already a cornered stock with 78.8% owned by TSVT and BJCorp with not much daily sales volume and price fluctuation. The price direction will be guided by TSVT and his proxies to achieve their privatisation objective planned very much earlier?

Quote " Please take note BJLand would have reported a profit of RM59.18 million for Qtr. 2 instead of a loss of RM95.91 million due to provision for impairment of RMB243.51 million (equivalent to RM155.08 million) in the current quarter under review to account for the time value of money for the full recovery of the outstanding Final Instalment. This provision (equivalent to RM155.08 million) attributable to BJland will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors."

laulau

439 posts

Posted by laulau > 2017-12-20 23:26 | Report Abuse

Any additional comments from sifu @calvintaneng as any market reactions will also affects BJCorp which owns 78.8% of BJLand?

lwyy60

477 posts

Posted by lwyy60 > 2017-12-21 00:14 | Report Abuse

yes, pretty much btm now. just acc when it dropped. Remember all the surge mean somethings and downside are much limited and still possible. Personally i will average again if it drop around 30c. If you monitored pass QR sure u will notice no much price changed toward QR, meaning to say it controlled & acc phase. U all just need to be patient. Good luck all.

stockraider

31,556 posts

Posted by stockraider > 2017-12-21 00:31 | Report Abuse

Just be steady loh....mkt already know about this debt court case and impairment loh...!!

Raider feel It should not have much impact on bjland and bjc loh...!!

No need to listen to the naysayer loh...!!
In fact if share price fall, it is a big opportunity to buy big and more loh...!!

The intrinsic value of bjc is Rm 2.00 but the share price is rm 0.36 mah, there are alots of margin of safety mah...!!

laulau

439 posts

Posted by laulau > 2017-12-21 00:41 | Report Abuse

Agreed that TSVT & proxies is controlling the price and still in accumulation phase as it is suspicious that the outstanding payment balance sales proceeds from Beijing SkyOcean and the Guarantors." which is only due is on 28 November 2017 and should be reported in Qtr. 3 ending 31 January 2018 and not be reported in Quarter 2 for the period ended 31 October 2017 as a impairment provision in order to:

Change the BJLand's actual reported a profit of RM59.18 million for Qtr. 2 to a loss of RM95.91 million due to provision for impairment of RMB243.51 million (equivalent to RM155.08 million) in the current quarter under review (Qtr 2. ended 28 Nov. 2017) to account for the time value of money for the full recovery of the outstanding Final Instalment.

This provision (equivalent to RM155.08 million) attributable to BJland will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors.", announced today.

lwyy60

477 posts

Posted by lwyy60 > 2017-12-21 05:07 | Report Abuse

lolzz. I agree with stockraider. I wait till "head long" to see it dropped till 30c. The soonest it dropped, the faster the trend will be. This stock drop from 2011 till now. Usually I pick stock for averaging & set target for profit otherwise put longer term which backup by NAV. Other than that just pure day or weekly trade & set by stop lost. Most importantly must know what you are buying into. Tmr action will shown what is on the operator mindset. Good day everyone.

Jeffreyteck

4,246 posts

Posted by Jeffreyteck > 2017-12-21 07:43 | Report Abuse

What is this nonsense, if no way to recover, it reflect the competencies of management and solicitor.......who should be responsible?
"The losses were caused by the provision for impairment of balance of sales proceeds from the sale of Berjaya (China) Great Mall Co Ltd (GMOC), which amounted to RM155.08 million. "

freetospeak

5,883 posts

Posted by freetospeak > 2017-12-21 07:58 | Report Abuse

A final show to pull down bjland price for privatisation. After privatise will get bak the money. Jus an accounting issue for the report. I dun even c an annoucement on dream east page about this issue.

freetospeak

5,883 posts

Posted by freetospeak > 2017-12-21 08:00 | Report Abuse

So its jus a one sided show to pull down bjland price....who knows whether bjland really serve the notice...lol...dream east shld annouce it coz its a big legal issue. If they didnt means they din receive legal notice.

lwyy60

477 posts

Posted by lwyy60 > 2017-12-21 09:12 | Report Abuse

lolzz, still long way to go. Just keep ur precious stock and averaging down. Follow the Warren buffett way. Time for me to zzz. Good luck all

bennychen

193 posts

Posted by bennychen > 2017-12-21 09:37 | Report Abuse

The Proxies are playing now and shaking off those weak shareholders and to collect more cheap shares.....stay strong and the end game may hit the jackpot......

freetospeak

5,883 posts

Posted by freetospeak > 2017-12-21 09:47 | Report Abuse

they will get the money bak after the privatisation and b4 court starts.....case closed

freetospeak

5,883 posts

Posted by freetospeak > 2017-12-21 09:49 | Report Abuse

theres no efffect on the skyocean share about this legal tussle at all...why all the big commotion here dun understand..

laulau

439 posts

Posted by laulau > 2017-12-21 10:06 | Report Abuse

Some comments by @calvintaneng

"calvintaneng Good morning,

Consider these facts regarding BLand

1. China Great Mall was purchased at much lower price when land was cheap and renminbi was weak. So Bj Land already gained from both asset and currency appreciation

2. It is already a big relief when Skyoceon offered to buy over China Great Mall.

3. Already received half payment. The next half is delayed. But there is recourse as the claims are binding. More so because Hong Kong laws are transparent and good.

4. The impairment is only a small set back if you can SEE the bigger picture.

5. IF THERE IS EVENTUAL PAYMENT DEFAULT BJ LAND CAN SUE FOR WRIT OF SEIZURE AND DISPOSE THE LAND BY WAY OF AUCTION TO RECOVER ALL OUTSTANDING DUES.

6. SO ANY PRICE WEAKNESS DUE TO IGNORANT SELL DOWN JUST ADD MORE.
21/12/2017 08:26"

laulau

439 posts

Posted by laulau > 2017-12-21 12:21 | Report Abuse

I guess it's the season for privatisation...after Hovid now IWCity just announced their privatisation exercise on 18 Dec....with 78.8% already in TVST's hand, soon it will be BJland's turn...

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CONDITIONAL VOLUNTARY GENERAL OFFER TO ACQUIRE ALL THE ORDINARY SHARES IN ISKANDAR WATERFRONT CITY BERHAD ("IWCITY") ("PROPOSED OFFER")
EKOVEST BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description CONDITIONAL VOLUNTARY GENERAL OFFER TO ACQUIRE ALL THE ORDINARY SHARES IN ISKANDAR WATERFRONT CITY BERHAD ("IWCITY") ("PROPOSED OFFER")
We refer to the announcements made on 31 October 2017, 28 November 2017 and 30 November 2017.

On behalf of the Board of Directors of Ekovest (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities”) and Astramina Advisory Sdn Bhd (“Astramina”) wish to announce that on even date, the Board (save for the Interested Directors as set out in the attached announcement) has, after having considered all aspects of the Proposed Offer, decided to present the Proposed Offer to the non-interested shareholders of Ekovest for consideration at an extraordinary general meeting of the Company to be convened.

In accordance with Paragraph 9.10(1) of the Rules on Take-overs, Mergers and Compulsory Acquisitions (“Rules”), Mercury Securities and Astramina had on even date, on behalf of the Company, served a notice of conditional voluntary general offer (“Notice”) on the board of directors of IWCity informing them of the Company’s intention to undertake a conditional voluntary general offer to acquire all the Offer Shares in IWCity comprising the following:-

(i) 837,388,857 ordinary shares in IWCity (“IWCity Shares”), representing the entire issued share capital of IWCity as at 11 December 2017; and

(ii) any new IWCity Shares that may be issued prior to the closing date of the Proposed Offer arising from the exercise of outstanding employee share options in IWCity (“IWCity ESOS Options”), (collectively referred to as the “Offer Shares”) for a consideration of RM1.50 per Offer Share (“Offer Price”), which shall be satisfied by way of:-
(i) a cash consideration of RM1.50 for every 1 Offer Share surrendered (“Cash Option”); or
(ii) a share exchange based on an exchange ratio of 1 new ordinary share in Ekovest (“Ekovest Share”) to be issued at an issue price of RM1.50 each (“Issue Price”) (“Consideration Share”) for every 1 Offer Share surrendered (“Share Exchange Option”).
Please refer to the attached announcement and Notice for further details on the Proposed Offer.
This announcement is dated 18 December 2017.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5641345

bennychen

193 posts

Posted by bennychen > 2017-12-21 15:39 | Report Abuse

laulau......I totally agreed with your comments. TSVT is just waiting for the right time to take back BJLand....Time will tell.

bennychen

193 posts

Posted by bennychen > 2017-12-21 15:40 | Report Abuse

I am sure the Proxies are also reading our comments....

laulau

439 posts

Posted by laulau > 2017-12-21 15:57 | Report Abuse

Sure they do...otherwise they are not doing their jobs...the price will not go beyond that of holding company BJCorp...anyway we have the holding power and will accumulate if got opportunity...just treat it like FD which will matures when TSVT thinks it's the right time...

bennychen

193 posts

Posted by bennychen > 2017-12-21 22:24 | Report Abuse

Yes will fight and hold on the shares until the final day when TSVT is no longer wants to continue the game......he will make the move one of these days because it is corporate restructure of BJ Group and surely it will drive strong positive value to the group. Not forgetting the Sungai Besi prime land of 244.5 acres will be added to the land bank once the legal issue is resolved....

lwyy60

477 posts

Posted by lwyy60 > 2017-12-21 22:40 | Report Abuse

yes, just like what operator should doing after the QR. Like i said i will average down again if reach 30c. This share should long ago around rm1 if not because of the jeju island issue. Realisation of the value need time. Like what u say put fd for 3 to 5 years. Market capital only 1.85B. Coming 0.3p/b shld be real disc. Good luck guys.

lwyy60

477 posts

Posted by lwyy60 > 2017-12-21 22:54 | Report Abuse

Bennychen, u know the land bank sungai besi prime area of 224 aces value? u can just easy search around how much the price per sf. lolzzzz....This just mind game. As long u knowing what u buying into. Dont cheap sale ur share guys. Do learn from warran buffett. Only buy and average ONLY NAV share type. This will give u short heart injection. XD.

bennychen

193 posts

Posted by bennychen > 2017-12-23 19:47 | Report Abuse

I will add more shares if the price dropped further to average my holding cost as I can see the value of BJLand its like holding unpurified gold ingots in hand and waiting it to be purified into GOLD bars.....

laulau

439 posts

Posted by laulau > 2017-12-31 21:14 | Report Abuse

Happy New Year! Here's to a Prosperous New Year 2018 for All :)

btw Just noticed an interesting observation...Apparently BJLand always restates it's Annual Audited Accounts.

The year end for 2017, marks the historical low of 36 sens for BJland even with an increased Revenue of RM6,371,366,000 and Profit for the year of RM411,221,000. If you observe carefully, BJLand made losses in 2015 & 2016 but the lowest share price of BJLand for 2016 is 56 sens, while for 2015 was 63 sens, which is very much higher than the historical low of 36 sens for 2017 when BJLand actually made an annual profit of RM411,221,000.

Since 36 sens is already the historical low..more downside is limited, with opportunities to accumulate at the lowest price if there are willing sellers as all provisions for impairments has been discounted up to the year 2017. Once the provisions for impairments is reversed in 2018 with the recovery of all profits due to BJLand, the average Target Price upside potential for BJLand will be very good..

According to : https://klse.i3investor.com/servlets/ptg/4219.jsp
Last Price Avg TP Upside
0.36 0.77 +0.41 (113.89%)

The summary as follows:
2017
Revenue RM6,371,366,000
Profit/(Loss) for the year RM 411,221,000
52 weeks Lowest 36 sens / Highest 66 sens

2016 (Restated)
Revenue RM6,283,997,000
Profit/(Loss) for the year RM (165,024,000)
52 weeks Lowest 56 sens / Highest 76 sens

2015 (Restated)
Revenue RM5,910,163,000
Profit/(Loss) for the year RM (161,828,000)
52 weeks Lowest 63 sens / Highest 83 sens

2014 (Restated)
Revenue RM5,021,299,000
Profit/(Loss) for the year RM 309,213,000
52 weeks Lowest 75 sens / Highest 88 sens

2013 (Restated)
Revenue RM4,246,613,000
Profit/(Loss) for the year RM 296,775,000
52 weeks Lowest 76 sens / Highest 93 sens

http://www.berjaya.com/berjaya-land/berjaya-land-financial-summary.html

lwyy60

477 posts

Posted by lwyy60 > 2018-01-02 10:10 | Report Abuse

Laulau, as i said b4, the faster it drop, the faster it reached it cycle. Then with it NaV (unrated land since long time ago). Buy low with averaging method. Currently i hold 22% this of my total investment. Need to work harder to add on my initial fund. Good luck all.

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