Posted by 129055444514385 > 2019-03-21 09:42 | Report Abuse

Retained earnings RM78,784,000 @31/1/2019.... can pay dividend if they want. They can also distribute the treasury shares as share dividend, fingers crossed :)

Treasury shares RM20,699,000 @ 31/1/2019

Go and read the 3rd quarterly report released recently

Posted by 129055444514385 > 2019-03-21 09:50 | Report Abuse

Already turnaround regardless of other issues. :)

Wednesday, 20 Mar 2019

6:48PM BJLAND Appointment of SYED ALI SHAHUL HAMEED As Executive Director

6:15PM BJLAND Nine-month net profit 137.434 million

Posted by 129055444514385 > 2019-03-21 09:55 | Report Abuse

Sudah dipulihkan.... read the quarterly report released yesterday :)

Net Profit/Loss For The Period:
Q3,2019: RM25,463,000
Q3,2018: RM35,830,000
Q1 to Q3 consolidated, 2019: RM137,434,000
Q1 to Q3 consolidated, 2018: RM(47,140,000)

Posted by Good123 > 2019-03-21 10:11 | Report Abuse

at 27sen, cheap , quite diversified :)

Berjaya Land Bhd is a Malaysian company which operates in gaming and lottery management, motor retailing, hotels and resorts, recreation development, vacation timeshare and property investment and development. Its core business includes - operations of Toto betting, leasing of online lottery equipment, and the manufacture and distribution of computerized lottery and voting systems, motor vehicle dealership, repairs and maintenance and aftersales services. It also provides development of residential and commercial properties, management and operations of hotels and resorts operations of recreational clubs, vacation timeshare and air charter business. Most of the group's revenue comes from Toto betting and motor vehicle dealership activities in Malaysia and also in UK, Korea and others.

Posted by gangnam > 2019-03-21 10:55 | Report Abuse

Lol...the reason profit announced a bit lower is because BJToto which is 40% owned by BJLand gave a dividend of 3.5 sens for this qtr. instead of the usual 4 sens quarterly...further BJLand's 40% in BJToto is worth RM1.258 billion based on BJToto market capitalization of 1.35 billion shares with current market value of RM2.33 per share! Isn't it ridiculous that BJLand's 40% shares in BJToto already worth RM1.258 billion compared to BJLand's present market capitalisation of RM1.35 Billion? This is not even counting the RM222 million already received from the Vietnam property sales but not recorded in this quarter?

Posted by kahhoeng > 2019-03-21 14:39 | Report Abuse

Profit announced has nothing to do with dividend. Dividend only affects cash flow

Posted by Kenn Ong > 2019-03-21 17:17 | Report Abuse

Why Malaysia Government or so called SC can allowed Bjs n others like Muiind not to revaluation assets for such long periods
.....

Posted by miniminer > 2019-03-21 23:11 | Report Abuse

Ha...."Property revaluation"......this is interligent question!!......…
Bursa under PH should take this on seriously as high priority if want to see shares catch up to real value....no revaluation for a long period of time > 3 years, the shares actually did not reflects the true current value or in NTA......this is unfair to investors where some them have to sell their shares back to market undervalue after a while where they should entitle for fair shares of profits from their investment.

Well, share market performance are one of the key country financial index thus authority must do something effectively to ensure all listed company did not hide some profit in under value property.

Posted by OceanSky > 2019-03-22 08:15 | Report Abuse

My analysis on Bj Land Q3-2019 Result:

1. Statement of Cash-Flows
1.1 Operation cash-flow +140 mil
1.2 Investment cash-flow +255 mil (with Repayment from JV, TPC Village Vietnam)
1.3 Financing cash-flow -560 mil (with Nett Repayment to bank -315 mil)

With refer to Note B7-(g), note that Total payment has been received by TPC is of RM520 mil;
Another receivable of RM42 mil will be received on May-2019; and balance of RM11 mil will be received in later stage.

Conclusion is, Bj Land will declare good Q4-2019 result once the TPC Village disposal deal is completed on March-2019.
Further, we shall see future investment receivable of RM265 mil in Q4-2019.

We also notice that :
1. HR Owen has shown strong and steady returns since the pass few years.
2. Launching of Tropika Scheme at Bukit Jalil since March-2019 shall bring in steady income.

Posted by kasinathan > 2019-03-22 08:51 | Report Abuse

The existing regulation stated for company that derived its earning from selling property is not allowed to revalue its land assets unless it triggered the project development for that piece of land of which can generate operating income.

Posted by miniminer > 2019-03-22 12:39 | Report Abuse

All good regulation should have a control limits or standard for measurements, I think what missing is a clause state that the revaluation must happen if the property/land did not go for development for a period of time, ie: 3 years.

Posted by gangnam > 2019-03-22 14:11 | Report Abuse

Lol... Uncle Tan & Team has far bigger worry at BJCorp...since cash flow is not an issue with Oceansky's analysis of BJLand latest Qtr. report..the plan for delisting/privatisation of
BJLand is intact with public shareholding spread approaching 15%...

https://www.theedgemarkets.com/article/bcorp-shares-hit-5year-low-after-subang-airport-accident

Posted by kahhoeng > 2019-03-22 14:36 | Report Abuse

Gangnam, it's never a worry to majority shareholders piloting the listed companies if the share price is 5-10% of it's NA. Only when its cash flow is in trouble while debt is high is a major concern...

Posted by gangnam > 2019-03-22 14:48 | Report Abuse

Lol...maybe for Uncle Tan & Team but BjCorp as the majority shareholder of BJLand is still subject to the Rules & Regulation of Bursa... don't think Uncle Tan can convince Bursa to accept less than 15% for delisting/privatisation of BJLand...anyway cashflow is not a concern of BJLand atm with so much cash in the kitty as highlighted by OceanSky based on BJLand's latest quarterly report above...

Posted by kahhoeng > 2019-03-22 15:20 | Report Abuse

Gangnam, penta has over 7%, but sold to bjcorp only 4+% and yet Bursa approved it. If all sold to bjcorp, bursa will still accept 13% shareholding spread? I guess yes, given the 15% is a big joke. My broker already enlist bjland as non-marginable stock when spread is 20%,while bursa ok 15%?!? That's a big joke...

Posted by gangnam > 2019-03-22 16:12 | Report Abuse

Lol...since the public spread almost breaching 15% and Penta still has 3% BJLand shares to sell to BJcorp at the conversion rate RM0.38/0.30 or better since BJCorp has dropped even lower today...with 12/% public spread don't u think SC/Bursa will not intervene if BJCorp does nothing?

Posted by gangnam > 2019-03-22 17:43 | Report Abuse

Lol...不同羽毛的鸟不会混在一起...当Penta代表Tan叔叔向BJCorp出售3％的余额时，让我们看看SC是否允许它？

Posted by kahhoeng > 2019-03-22 17:55 | Report Abuse

LOL, who knows, this is boleh land. The most important thing is bursa already slapped us minorities hard not requiring an offer to the rest of us... and we should not forget that as a lesson investing in the future in bursa.

Posted by stahl2017 > 2019-03-22 18:45 | Report Abuse

https://9shares.my/%E9%99%88%E5%BF%97%E8%BF%9C%E6%9C%89%E5%BB%89%E9%A2%87%E8%80%81%E7%9F%A3%E7%9A%84%E6%82%B2%E5%8F%B9%EF%BC%9F-%E6%88%90%E5%8A%9F%E9%9B%86%E5%9B%A2%E8%82%A1%E4%BB%B7%E8%A7%A6%E4%BA%94%E5%B9%B4%E6%96%B0/

Posted by gangnam > 2019-03-22 18:46 | Report Abuse

Lol...that sounded like from a majority rather than minority...anyway this is new Malaysia & the rule of law...bolehland nowithstanding...

Posted by OceanSky > 2019-03-23 18:05 | Report Abuse

From Bj Land Q3-2019 Report:

B3 Future Prospects
The Directors expect the number forecast operation ("NFO") business to be satisfactory and that it will continue to maintain its market share for the remaining quarter of the financial year ending 30 April 2019. The performance of both hotels and resorts and property development business segments are expected to remain satisfactory.

The Group also expects to record a significant gain upon the successful disposal of the Proposed BVIUT Disposal, Proposed Vietnam Subsidiary Disposal and Proposed TPC Village Disposal as disclosed in Note B7(f) and (g).

Posted by OceanSky > 2019-03-23 18:17 | Report Abuse

B7(f) On BVIUT & BVFC Disposal, last paragraph stated that:

Together with the Proposed BVIUT Disposal and Proposed BVFC Disposal, the Group is also in
negotiations on the potential sale of another of its Vietnamese venture (“Proposed Vietnamese Venture Disposal”).

- This note has disclose that there is another Vietnamese Venture to be put on table with buyer.

B7(g) On T.P.C Development Ltd Disposal.

Proposed disposal of 75% of the capital of TPC Village at RM222.2 million; and fully settlement of advance owing to Bj Land total of RM298.20 million.

Total amount of RM520.4 million, which received 90%, RM467.64 million, as of 1-March-2019.

Subsequently, on 1 March 2019, the Company announced that all the conditions precedent under the Proposed TPC Village Disposal have been fulfilled and is now unconditional.

As the deal done beyond Q3-2019 ending of 31-Jan-2019, the good news have not been reflected on Q3 but will be captured in Q4-2019.

Pls note that this completed deal will contribute RM198.0 million of profit, which is 4sen per Bj Land share.

Why market respond differently from the said result ?

Posted by OceanSky > 2019-03-25 08:36 | Report Abuse

Strange!

The company announcement has clearly disclose the actual status of the group to all shareholders.
Why investor got feeling that the owner is pressing the price.

Posted by kahhoeng > 2019-03-25 09:53 | Report Abuse

Err... probably because VT initiated a press conference telling Malaysians what he wants but none of his board members aware? Probably he said wanting to sell Kyoto four season but Okinawa four season is the one actually signed? Probably Penta can get special treatment to have his recently bought bjland exchanged into bjcorp at 0.38/0.30 that none of his other minorities is offered? Probably because penta sold or give his bjcorp shares to UBS right after his bjland shares exchanged into bjcorp shares?

Posted by leek > 2019-03-25 16:30 | Report Abuse

SAPU!!!! PENTA IS ACCUMULATING!!! =D

Posted by leek > 2019-03-25 16:36 | Report Abuse

LIMIT UP SOON!!! VT WILL SHOW FIRST PRIVATISATION OFFER SOON!!! LIKE MAA!!! =D

Posted by leek > 2019-03-25 16:37 | Report Abuse

BUY AND KEEP NOW!!! DON'T LET PENTA MAKES ALL THE MONEY!!! =D

Posted by leek > 2019-03-25 17:14 | Report Abuse

The group also expects to record a significant gain upon the successful disposals of Berjaya Vietnam International University Town One Member Limited Liability Company, a Vietnamese subsidiary and TPC Nghi Tam Village Ltd.

https://www.thesundaily.my/business/berjaya-land-posts-rm67-34m-pre-tax-profit-in-q3-LN708793

Posted by kahhoeng > 2019-03-25 17:22 | Report Abuse

I earlier thought the Vietnamese subsidiary to be sold refers to the hotel just sold recently. Having read this article, I think it could be the bank they're going to let go...

Posted by OceanSky > 2019-03-26 08:17 | Report Abuse

Kahhoeng, you are refer to which bank ?

Posted by leek > 2019-03-26 08:42 | Report Abuse

PENTA SOLD ALMOST ALL BJCORP SHARES IN THE LAST FEW TRADING DAYS...
WILL SEE THEM START ACCUMULATING BJLAND UNTIL THEY HAVE 5% & VT WILL ANNOUNCE FIRST PRIVATISATION OFFER... =D

Posted by 129055444514385 > 2019-03-26 09:14 | Report Abuse

Penta sold bjland to bjcorp to get bjcorp shares and sold in the market. Now bjland share price is lower than bjcorp. Penta can buy back bjland with the proceed from the sale of bjcorp shares

Posted by 129055444514385 > 2019-03-26 09:33 | Report Abuse

Five things you need to know about this upcoming development in Bukit Jalil

Bukit Jalil has always been known as “the place” to go for concerts and sports events thanks to the Bukit Jalil National Stadium which can host close to 88,000 people at one time. While many associate Bukit Jalil with the stadium, it is also popular for a 400-acre golf course at the heart of Bukit Jalil which was developed 20 years ago by Berjaya Land Bhd. Subsequently, many of the high-rise developments by Berjaya Land in this area offer views of the golf course.

The developer recently launched its latest mixed development in Bukit Jalil called The Tropika. Over 800 people showed up for the Feb 23 launch which has seen 60% of the condominium units in Tower A snapped up in less than a week. The Tropika comprises 868 residential units spread across four towers. Below the residential units, there is over 23,000 sq ft of grocer space, 2-storey dual frontage office lots ranging from 3,316 sq ft to 3,814 sq ft and retail lots ranging from 752 sq ft to 1,677 sq ft.

Berjaya Land Bhd senior general manager Tan Tee Ming told EdgeProp.my that it was encouraging to see a number of purchasers sign their Sales and Purchase Agreements on launch day itself. Many of them were previous buyers of its earlier projects.

“More importantly, demand for our commercial shop lots facing the main road has been overwhelming. We are now in the midst of securing two main anchors for the retail spaces that will add value to the residences,” said Tan.


From left: Tan, Berjaya Land Bhd executive director Nerine Tan and Pee during the launch of The Tropika (Photos by Berjaya Land)

While the current property market continues to be slow, Berjaya Land CEO Datuk Pee Kang Seng said that it is fortunate for Berjaya Land that The Tropika is located in Bukit Jalil which is a neighbourhood that is highly sought after by property investors.

“A quick glance at the crowd who came over the weekend reveals how much this segment of Malaysians enjoy shopping for property. The high-end segment may continue to be challenging but Bukit Jalil appears to be a sought-after location especially with more infrastructure coming up such as malls and its accessibility through numerous highways, while being a short ride to KLCC,” Pee added.

Here are five interesting facts about The Tropika highlighted by Tan and Pee:


1. Condo units priced from below RM550,000
The Tropika features units with built-ups ranging from 732 sq ft to 1,318 sq ft and with prices starting from RM750 psf or from RM549,000.

“We were specific to design our units to cater to young buyers, young families as well as upgraders. Most of our buyers were typically in their 30s,” said Tan.

2. Golf course view
What is nicer than waking up and sipping a cup of coffee overlooking greenery? The Tropika is built facing a lush 400-acre golf course, a view many would envy.

“The centre of Bukit Jalil is basically a golf course and low-rise bungalows. This ensures all the apartments surrounding the golf course have unobstructed views and this feature cannot be easily replicated,” Tan said.

3. Accessible via major highways and LRT
Bukit Jalil is just 15 minutes away from Berjaya Times Square, and is accessible via major highways such as the Damansara-Puchong Expressway, Maju Expressway, Shah Alam Expressway and New Pantai Expressway. There are also several light rail transit (LRT) stations within a 3km radius of Bukit Jalil including the Awan Besar, Sri Petaling and Bukit Jalil stations.

4. Groceries just an elevator ride away
Berjaya Land is in talks with Jaya Grocer to be the anchor tenant of the retail portion of The Tropika which means residents will be able to enjoy the convenience of getting their daily necessities without having to drive out. There are also plans to bring in food and beverage outlets to the shop lots on the ground floor.

5. Plenty of facilities – 68 to be exact
Residents get to enjoy a total of 68 facilities including those at the 2.9-acre facilities podium. Among the facilities are a private dining room, a picnic area, vending machines, thematic playground, infinity pool and even a co-sharing work space. Residents really do not need to leave the comfort of their home.

“Purchasers are a lot more sophisticated today. We need to get the usual things right, such as spatial planning and room provisions. However, to differentiate ourselves from the competition we also need to offer facilities that add value to the lifestyle of the residents and to the discerning property buyer,” said Tan.

Posted by 129055444514385 > 2019-03-26 09:34 | Report Abuse

Berjaya Land launches The Tropika at Bukit Jalil
Feb 23
KUALA LUMPUR (Feb 23): Berjaya Golf Resort Bhd, a subsidiary of Berjaya Land Bhd has launched its latest mixed development The Tropika, at the Berjaya Property Gallery in Bukit Jalil, Kuala Lumpur today.

Posted by leek > 2019-03-26 09:56 | Report Abuse

MARKET VERY VOLATILE AT THE MOMENT... BETTER PARK YOUR MONEY AT COUNTER LIKE BJLAND WHERE 99% CONFIRM THE GAIN IS COMING IN 2019 DUE TO PRIVATISATION... =D

Posted by 129055444514385 > 2019-03-26 10:07 | Report Abuse

Bjcorp purchased bjland shares at 38sen and swap bjcorp shares valued at 30sen... Now, bjland at 26sen and bjcorp at 27sen.... bjcorp shareholders should sell bjcorp and change to bjland haha

BCorp buys 4.6pct of Berjaya Land for RM87.4mil


By NST Business - January 30, 2019 @ 9:40pm
KUALA LUMPUR: Berjaya Corp Bhd (BCorp) and its wholly-owned subsidiary Juara Sejati Sdn Bhd have entered into an agreement with Penta Master Fund Ltd, PCM Industrial LP and Penta Asia Long/Short Fund Ltd to buy 4.61 per cent of Berjaya Land Bhd (BLand) for RM87.4 million.

In a filing to Bursa Malaysia today, BCorp said the 230 million BLand shares will be paid via the issuance of 291.3 million BCorp shares at 30 sen apiece.

BCorp said the acquisition was an opportunity for the group to increase its stake in BLand without having to incur any cash outlay, thus mitigating any immediate impact to its cashflow for day-to-day operations and avoiding any incurrence of interest from bank borrowings.

“The proposed acquisition will eliminate any possible material decrease in the market prices of BLand shares should the sale shares be disposed of in the open market.

“The proposed acquisition will not only mitigate such risk, while at the same time enable the BCorp group to increase its equity participation in the future growth and prospects of the BLand group,” it saidi in the filing.

BCorp and its subsidiaries currently hold a total of 3.61 billion BLand shares or a 72.28 per cent interest.

Upon completion of the acquisition, the group will own 76.89 per cent of BLand.

The group expects to complete the exercise in the first quarter of the year.

Posted by leek > 2019-03-26 10:35 | Report Abuse

MOST RETAIL INVESTORS ARE HOLDING TIGHT TO THEIR DARLING BJLAND SHARES... =D

Posted by kahhoeng > 2019-03-26 10:51 | Report Abuse

oceansky, if I were not wrong, BJLand owns a bank in Vietnam through JV...

Posted by Eddysurge > 2019-03-26 11:30 | Report Abuse

Oceansky, why bjland can ended up 26cents or majority shares belongs to owner since many years listed, can disclose a bit? Is this trend going to hurts others boss companies?

Posted by Eddysurge > 2019-03-26 11:42 | Report Abuse

Many investors said nothing is transparent or real info, can be a bomb split of second in homeland. Those bursa announcements or financial qtr reports only skin job.

Posted by Eddysurge > 2019-03-26 11:43 | Report Abuse

Actually is bolehland.

Posted by Eddysurge > 2019-03-26 12:46 | Report Abuse

Directors fee or any remuneration , privileges should be reviewed follows the company status, employees salaries & others also must follows merits & company levals before adjustments make. Then, the company staff will strive for the accountable situation.

Posted by Eddysurge > 2019-03-26 14:50 | Report Abuse

You see, whenever my big mouth or others opened, the share price futher shed, talk no more!

Posted by leek > 2019-03-26 15:21 | Report Abuse

LOL

Posted by leek > 2019-03-26 15:37 | Report Abuse

MARKET VERY VOLATILE AT THE MOMENT... BETTER PARK YOUR MONEY AT COUNTER LIKE BJLAND WHERE 99% CONFIRM THE GAIN IS COMING IN 2019 DUE TO PRIVATISATION... =D

SOME RETAIL INVESTORS BUYING IN SOON... =D

Posted by gangnam > 2019-03-26 15:37 | Report Abuse

Lol...哈哈......只是想知道为什么马赛人如此努力？让谭叔叔在创始人3月28日宣布这一消息

Posted by 129055444514385 > 2019-03-26 15:47 | Report Abuse

good news soon , sales kyoto hotel in japan :)

Berjaya Land Bhd, through its wholly-owned subsidiary Berjaya Okinawa Development Co Ltd, signed a management agreement on Jan 17 with Four Seasons Hotels and Resorts for a new development in Okinawa, Japan.

The Four Seasons Resort and Private Residences Okinawa is the second partnership between Berjaya Land, a subsidiary of Berjaya Corp Bhd, and Four Seasons Hotels and Resorts in Japan. The first was Four Seasons Hotel and Hotel Residences Kyoto in Kyoto.

“We bought the land in Okinawa in 2009 and it was an excellent purchase because prices were low then,” said Tan Sri Vincent Tan, Berjaya Corp founder and executive chairman, during the signing ceremony at Berjaya Times Square Hotel.

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“We took a long time to get the plans ready and finally, I think we got a wonderful design. It will be, barring unforeseen circumstances and God-willing, the most beautiful, valuable and expensive hotel in Okinawa.

“Four Seasons Resort and Private Residences Okinawa is another iconic project in Japan for Berjaya Group, emulating the success of Four Seasons Hotel and Hotel Residences Kyoto, which was officially launched in December 2016. I am sure that with the prestigious Four Seasons branding and management, along with its strategic location in central Okinawa, the Four Seasons Resort and Private Residences Okinawa will be one of the best on the island of Okinawa,” says Tan.

“As a company, we are delighted to partner Berjaya on another project in Japan following the successful partnership in the development of Four Seasons in Kyoto. We believe this will be another spectacular project. When it is completed, it will certainly set a new standard of luxury hotel accommodation in Okinawa,” says Chrisopher Wong, Four Seasons Hotels and Resorts’ senior vice-president for development, Asia Pacific.

Berjaya Land owns about 100 acres of beachfront along the western coast of Okinawa, about 50km northeast of Naha International Airport, which is easily accessible from the airport via a highway. The new development will take up about 30 acres of the land, and comprise 120 hotel rooms, 120 residences and 40 villas. It will cost US$400 million to build and is estimated to have a gross development value of US$1 billion. It is expected to be completed in four years.

Plans have not been finalised for the remaining 70 acres, but Tan says Berjaya Land is looking at building shopping malls, residences or 3 to 4-star hotels.

“The buildings will still get a beach view even though they are behind Four Seasons. This is because Four Seasons is low-rise, 3 to 4 storeys high. At the back, we can build about 10 storeys. We want to build Four Seasons first and when the value of the entire land rises, we will then plan further,” he says.

The Four Seasons Resort and Private Residences Okinawa will be anchored by a beach club on the east side. Guests and homeowners will have access to the natural beach.

The low-density layout will enable guests and homeowners to access the amenities by foot, bicycle or golf cart.

Facilities include an all-day dining restaurant, speciality dining and lounge outlets, retail shops, recreation facilities, public grounds and gardens.

As for Berjaya Land’s plan to sell Four Seasons Hotel and Hotel Residences Kyoto, Tan says the company is talking to several parties. The selling price will be high as it is a trophy asset.

“It will be good for us to focus on Malaysia. We also have to fund many other projects. So logically, we will sell [the Kyoto hotel assets]. We can’t keep so many assets. We have to sell to manage our debt equity ratio as well,” he says.

As for his plan of listing the group’s hotel business in Singapore, he says he is looking into it but it is not finalised yet as the company is still in talks with some minority partners.

“The hotels that we do not sell, mostly our Malaysian hotels, we plan to list in Singapore. We want to list here in Malaysia but we are not able to because of the chain-listing rules,” he says.

Posted by 129055444514385 > 2019-03-26 15:50 | Report Abuse

after selling the kyoto hotel, use it to buyback shares as many as possible, then cancel all the treasury shares... lastly, offer to buyback all remaining shares with the minority shareholders ... fingers crossed :)

Posted by 129055444514385 > 2019-03-26 15:55 | Report Abuse

if privatization happens...

Market Cap: 1,277 Million
NOSH: 4,912 Million

15% x RM1.277bil = RM191mil+ (only about 15% to buyback at current price)

20% more = [191mil+] x 120% = RM229mil+ Murah

Posted by Good123 > 2019-03-26 16:22 | Report Abuse

probably, minority shareholders will be given the same option given to penta, bjland share at 38sen and bjcorp at 30sen for the swap for privatization or cash or combination