BERJAYA LAND BHD

KLSE (MYR): BJLAND (4219)

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Last Price

0.325

Today's Change

-0.01 (2.99%)

Day's Change

0.32 - 0.33

Trading Volume

1,398,900


3 people like this.

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

newbie5354

555 posts

Posted by newbie5354 > 2018-01-13 19:18 | Report Abuse

I heard more than 10 years ago BJ Land, BJ Corp was 10 sen before. Possible that low again?

laulau

439 posts

Posted by laulau > 2018-01-13 19:32 | Report Abuse

Ah...10 Years Ago...It's great fun to read the chain of news and events following a stock over the years.

No joke.

Take the Berjaya Land story.

Let me say this again. Anyone who had purchased this stock early in 2007, would have been laughing all the way to the bank by end Dec 2007.

Could History Repeats Itself? Anyone who had purchased this stock in late 2017, would be laughing all the way to the bank by mid 2018?

Refer
http://whereiszemoola.blogspot.my/2009/03/looking-back-at-berjaya-land-part-i.html

http://whereiszemoola.blogspot.my/2009/03/looking-back-at-berjaya-land-part-ii.html

laulau

439 posts

Posted by laulau > 2018-01-13 20:28 | Report Abuse

LAND & PROPERTY RELATED?

1. Can anyone find out the latest update on the award of Jeju Land Project Compensation to BJLand/ BJCorp for losses and damages incurred by the Korean Court? It's already coming to Year 3 since the first legal proceeding commence on 6 November 2015.

Once the Korean Court awards the Jeju Land Project Compensation in 2018, there could be a huge exceptional gain/ reversal of impairment provisions on the Jeju Land Project to BJLand/ BJCorp's latest financial account in 2018?

"The Seoul Central District Court was accordingly informed of the abovementioned developments during the first court hearing of the JDC Lawsuit held on 7 March 2016. " This Announcement is dated 23 March 2016
http://www.bursamalaysia.com/market/listed-companies/company-announcem...

2. At the sixth court hearing on 14 October 2016, the presiding judge had agreed to BJR's application to conduct a land price appraisal of the Jeju Project. The presiding judge had also made an inspection of the Jeju Project site on 25 November 2016. As at the date of this announcement, the land price appraisal report of the Jeju Project has been completed by the court appointed land appraisal company and the land price appraisal report has been submitted directly to the court. The JDC Lawsuit is still on-going.

3. Announcement of Jeju Land Project Compensation to BJLand for losses and damages incurred, by Korean Court in 2018 (land appriasal report submitted to Korean court for consideration in December 2016?) since the land price appraisal report of the Jeju Project has been completed by the court appointed land appraisal company and the land price appraisal report has been submitted directly to the court for consideration as of end 2016 and first reported in BJLand quarterly report ended 31 Jan. 2017?

refer page 20. Berjaya Corporation Berhad
Date: 28 December 2017
Subject: UNAUDITED QUARTERLY (Q2) INTERIM FINANCIAL REPORT FOR THE PERIOD ENDED 31 OCTOBER 2017
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5650097

laulau

439 posts

Posted by laulau > 2018-01-15 15:39 | Report Abuse

We think the profits from sales of Ritz Carlton Residences will be reflected in BJLand/ BJCorp coming qtr results?

The total gross development value (GDV) is RM1.18 billion. Already 60% sold in Dec. 2017?

"kahhoeng Read in Focus, Ritz Carlton Residences is only handed over on Dec 08 last year, no wonder sales figures and profits not shown in the quarterly results..."

Quote "Berjaya Land reintroduces newly designed Ritz-Carlton Residences Kuala Lumpur

Berjaya Land Bhd has reintroduced its Ritz-Carlton Residences Kuala Lumpur, located at the intersection of Jalan Sultan Ismail and Jalan Ampang, with new interior design concepts.

The luxury residences are designed by world-renowned, multi-award winning interior design firm Peter Silling & Associates.

“Buyers can now choose from three interior design concepts — Modern, Classic and Finesse — to match their own individual styles," said Berjaya Land CEO and director of Wangsa Tegap Sdn Bhd Datuk Francis Ng in his welcoming remarks at the media preview of the newly designed project.

The 48-storey project offering residential suites is developed by Wangsa Tegap, a wholly-owned subsidiary of Berjaya Corp Bhd. The total gross development value (GDV) is RM1.18 billion.

Sitting on a 2.7-acre freehold site and one of the two towers at Berjaya Central Park, the Ritz-Carlton Residences consists of 288 suites with unit sizes ranging from 1,023 sq ft to 4,284 sq ft. Prices start from RM2,500 psf while the maintenance fee is RM1 psf.

“The residences are slated for completion by 1Q2017 as it is now 91% to 92% completed. The current take-up rate is at 30% so we are eyeing to achieve another 30% — making it 60% by this year end.

“Also, the tenant ratio is 50% foreigners and 50% locals. This development is targeted at high-net-worth individuals where 30% of our buyers are actually multimillionaires,” he claimed."

https://www.edgeprop.my/content/888755/berjaya-land-reintroduces-newly-designed-ritz-carlton-residences-kuala-lumpur

bennychen

193 posts

Posted by bennychen > 2018-01-15 17:20 | Report Abuse

Many thanks to you for the update and sharing of the info on BJ Land. I treat BJLand like a sunken treasure buried in the deep sea.
Everyday needs to dive deeper and deeper to find it.
Its Okay as good things do not come easy.....

laulau

439 posts

Posted by laulau > 2018-01-15 23:03 | Report Abuse

More information for sharing....

The Berjaya Group accounted for the construction and development of the Ritz-Carlton Residence in accordance with MFRS 111 and MFRS 118 (to be replaced by MFRS 15: Revenue from Contracts with Customers), whereby Revenues from the sale of units can only be recognized once the unit is sold and handed over to the buyer. While Construction Contract Contract costs are recognised as expenses in the period in which they are incurred.

"That's why the Sales & Profits don't seen to be included ( recognised) in BJCorp/ BJLand earlier Quarterly Financial Reports (until Ritz Carlton Residences is handed over on Dec 08 2017 to the Buyers).

However all the construction contract cost for development of Ritz-Carlton Residence has been recognised as expense in the period they were incurred earlier.

Refer Pg. 54 BJCorp Annual Report 2016

The potential compensation from Jeju Land Project to be awarded by the Korean Court in 2018 could be in the region of RM541,965,000 for BJLand & BJCorp!

NOTES TO THE FINANCIAL STATEMENTS - 30 APRIL 2016
(l) Status of Berjaya Jeju Resort Limited (“BJR”) project

BJR has previously commenced development activities on Jeju Island, South Korea (“Jeju Project”) over certain parcels of land purchased from Jeju Free International City Development Center (“JDC”) in 2009. These lands were expropriated by JDC from various landowners. On 20 March 2015, the Korean Supreme Court ruled that the expropriation of the lands by JDC from these landowners was invalid. As explained in Note 42(6), BJR has suspended the development of the Jeju Project due to the breach of the terms and conditions of the land sale and purchase agreement (“Land SPA”) by JDC when it failed to deliver unencumbered titles to the said lands to BJR.

BJR has commenced legal proceedings against JDC seeking compensation for damages incurred which include the costs incurred by BJR in developing the Jeju Project. The outcome of the legal proceedings will determine whether BJR is able to recover the costs amounting to RM541,965,000 incurred to-date on the development of the Jeju Project.

Based on the legal opinion obtained from its lawyers, BJR has determined that it has the legal right to claim for damages under the Land SPA, Korean Civil Code and case precedents established in the Korean Courts. BJR’s lawyers have also opined that it is probable that BJR will prevail in its lawsuit against JDC on the claim for costs incurred.

Refer Pg. 60 BJCorp Annual Report 2016
http://www.berjaya.com/pdf/annual-reports/bjcorp16.pdf

lwyy60

477 posts

Posted by lwyy60 > 2018-01-16 15:12 | Report Abuse

Volume build up this 2 week. Suggest all not to used up ur capital. TRY to average again cause sell off not being done yet. Mayb be rch 30cent and worst 25cent and all bargain. Just average down and keep. GOOD luck all.

laulau

439 posts

Posted by laulau > 2018-01-16 15:46 | Report Abuse

Agreed...in the meantime to focus more on BJCorp as any actions by TSVT will also benefit BJCorp as the major shareholder of BJland. Good Luck!

Leong HL

291 posts

Posted by Leong HL > 2018-01-29 11:46 | Report Abuse

no eye see...down all the way..

bennychen

193 posts

Posted by bennychen > 2018-02-02 17:24 | Report Abuse

Congrat Uncle Tan your daughter got married today. Its time to move up loh and no more play play....

ivan9511

3,854 posts

Posted by ivan9511 > 2018-02-02 17:27 | Report Abuse

lowest 33sen

laulau

439 posts

Posted by laulau > 2018-02-14 11:42 | Report Abuse

sh..shh...:)

The Board of Directors of Berjaya Land Berhad (“BLand” or “Company”) wishes to
announce that the Company ha incorporated a wholly owned subsidiary, namely Berjaya
Myanmar Holdings Sdn Bhd (“BMyanmar”) (“Incorporation”) with the intended principal activity is investment holding in Myanmar?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5691089

https://online.capitalcube.com/#!/stock/my/kul/bjland/summary

2018 - Lowest 31.5 sens / Highest XXX sens?

See BJLand's 52 weeks Lowest & Highest 5 years share price trend from 2013 to 2017
2017 - Lowest 36 sens / Highest 66 sens [Profit for the year RM 411,221,000]
2016 - Lowest 56 sens / Highest 76 sens [Loss for the year RM (165,024,000)]
2015 - Lowest 63 sens / Highest 83 sens [Loss for the year RM (161,828,000)]
2014 - Lowest 75 sens / Highest 88 sens [Profit for the year RM 309,213,000]
2013 - Lowest 76 sens / Highest 93 sens [Profit for the year RM 296,775,000]

bennychen

193 posts

Posted by bennychen > 2018-02-19 19:23 | Report Abuse

laulau thanks for posting and sharing your details analysis on BJLand. Great and useful to investors. We will see what happen next.......

Hello99

24 posts

Posted by Hello99 > 2018-02-20 17:55 | Report Abuse

can someone explain what does it mean? INTENTION TO DEAL DURING CLOSED PERIOD

laulau

439 posts

Posted by laulau > 2018-02-20 18:41 | Report Abuse

The time period between the completion of a listed company's financial results and the announcing of these results to the public. The close period is typically regarded as the one-month period preceding the release of a company's quarterly results.

Hello99

24 posts

Posted by Hello99 > 2018-02-20 21:20 | Report Abuse

@laulau..thanks for the explanation. btw, i am confusing is there a need to have this announcement before releasing the result?

laulau

439 posts

Posted by laulau > 2018-02-20 21:30 | Report Abuse

See Chapter 14 Bursa Requirements "[MAIN LR] CHAPTER 14 - DEALINGS IN LISTED SECURITIES"

http://customer.bursamalaysia.com:8080/MainLR/Pages/MainChapter14.aspx

kelvin17

565 posts

Posted by kelvin17 > 2018-02-21 09:57 | Report Abuse

lau lau why do you think the BJL can drop until so low as 0.315 and no buyer and VT holds 78% of the share why he want to maintain it so low im sure he can easily move up if he wants

Beza

1,847 posts

Posted by Beza > 2018-02-22 10:02 | Report Abuse

Further to our announcement dated 19 February 2018 on the above and pursuant to Paragraphs 14.03 and 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad in relation to dealings in the securities by Directors/Principal Officer of a listed issuer during the closed period, we wish to inform that,Tan Sri Dato' Seri Vincent Tan Chee Yioun ("TSVT"), a Director of Sports Toto Malaysia Sdn Bhd, a major subsidiary of Berjaya Land Berhad ("BLand") has dealt in the shares of BLand as set out in the table below.

DEEMED INTEREST - Acquired through Berjaya Philippines Inc.

Name of Affected Person

Date of Transaction

Price per share

No. of shares acquired

% of Ordinary shares

Tan Sri Dato' Seri Vincent Tan Chee Yioun

21.02.2018

RM0.3198

200,000

0.004

The above shares were acquired through Berjaya Philippines Inc., a company where TSVT is deemed to have an interest.

Beza

1,847 posts

Posted by Beza > 2018-02-22 12:48 | Report Abuse

This announcement is dated 22 February 2018.

Remark: The shares were acquired through "Inter-Pacific Capital Sdn Bhd" instead of "Berjaya Philippines Inc.".

Posted by shortinvestor77 > 2018-02-22 14:49 | Report Abuse

4160 lots sold once at 31.5 cents.

kelvin17

565 posts

Posted by kelvin17 > 2018-02-23 09:41 | Report Abuse

laulau with your expert advice which is a better investment to buy BJLand or BJCorp

laulau

439 posts

Posted by laulau > 2018-02-23 09:56 | Report Abuse

You can't go wrong to buy a little of both...as BJCorp already owns 78.835% of BJLand...so if BJLand moves up ...BJCorp will follow suit and vice versa as most of us own both shares ... so let's watch Uncle Tan's moves closely...

Happy Chor 8!

Part 2:
https://klse.i3investor.com/blogs/laulauramblings/148239.jsp

firehawk

4,782 posts

Posted by firehawk > 2018-02-23 10:16 | Report Abuse

he makes the vol high high ... but ....

newbie2014

340 posts

Posted by newbie2014 > 2018-02-23 10:17 | Report Abuse

Laulau, its a bit rude but cant get the relevant answer if not asking in direct way.

A lot selling at 32sen not matter people kept buying following ur blog.

Are you helping big boss behind to unhold the share?

bennychen

193 posts

Posted by bennychen > 2018-02-23 10:30 | Report Abuse

21.2m shares traded at 10.30am....so unusual so strange..price still at 0.32

laulau

439 posts

Posted by laulau > 2018-02-23 10:33 | Report Abuse

We are just BJLand/ BJCorp investors sharing the results of our research with all interested parties...for all we know the ones who posing the question maybe helping somebody to press down the price for reasons as lysed in the links below?

https://klse.i3investor.com/blogs/laulauramblings/148239.jsp

https://klse.i3investor.com/blogs/laulauramblings/147946.jsp

Disclaimer: This is not a call to buy, always do your own research before investing in any stocks...

Kelvin Ong

437 posts

Posted by Kelvin Ong > 2018-02-23 10:35 | Report Abuse

accumulation before the new announcement?

Kelvin Ong

437 posts

Posted by Kelvin Ong > 2018-02-23 10:37 | Report Abuse

Nov 17....11mil share buying share jump up 16 cents...

newbie2014

340 posts

Posted by newbie2014 > 2018-02-23 10:52 | Report Abuse

Ok, i put a little here since bjcorp queue buy is not so possible at 32sen, so buy this one 32sen, hope good luck in early dog year

bennychen

193 posts

Posted by bennychen > 2018-02-23 11:07 | Report Abuse

laulau.....thanks for updates its really appreciate your effort and time in sharing your reseach work and analysis on BJLand and BJCorp.
Certainly today transactions are absolutely weird and unusual. Let us hope something good will come out soon from misai manTSVT.

Beza

1,847 posts

Posted by Beza > 2018-02-23 14:05 | Report Abuse

Who is/are selling at such large volume?

ivan9511

3,854 posts

Posted by ivan9511 > 2018-02-23 14:10 | Report Abuse

new fund come in, new fund , new fund new big big fund

Leong HL

291 posts

Posted by Leong HL > 2018-02-23 14:27 | Report Abuse

VT is selling the shares to fund managers so that they can goreng it UP/DOWN..

bennychen

193 posts

Posted by bennychen > 2018-02-23 15:18 | Report Abuse

at 3.10 pm 25.5m traded within the price 0315 and 0.32...its absurd and madness to watch the misai man TSVT plays BJL like ping pong game

Kelvin Ong

437 posts

Posted by Kelvin Ong > 2018-02-23 15:22 | Report Abuse

If TSVT want to push the price up...sure very easy....since he own majority of the shares here..

Kelvin Ong

437 posts

Posted by Kelvin Ong > 2018-02-23 15:25 | Report Abuse

If not a matter of can or cannot...it's a matter of when...

Posted by shortinvestor77 > 2018-02-23 16:28 | Report Abuse

Substantial shareholder needs to announced in Bursa for any buy/sell. No way if not fined or jailed.

Leong HL VT is selling the shares to fund managers so that they can goreng it UP/DOWN..
23/02/2018 14:27

CAF-POW

202 posts

Posted by CAF-POW > 2018-02-23 16:50 | Report Abuse

announcement can be few days later ....

firehawk

4,782 posts

Posted by firehawk > 2018-02-23 20:39 | Report Abuse

he successfully fabricated hugest volume, in vain ....

laulau

439 posts

Posted by laulau > 2018-02-23 22:52 | Report Abuse

Everything has a reason...only time will tell...who is right?

Anyway BJCorp has started moving up...and since Uncle Tan has made purchases on the 19/2, 22/2 and 23/2...it's only a matter of time BJLand will follow BJCorp.... after all the earlier stale bulls from November and earlier has been cleared?

https://klse.i3investor.com/blogs/laulauramblings/147847.jsp

"Predicted 2018 Lowest/ Highest Share Price

2018 - Lowest 31.5 sens / Highest 67 sens or much More???

See BJLand's 52 weeks Lowest & Highest 5 years share price trend from 2013 to 2017 "
2017 - Lowest 36 sens / Highest 66 sens [Profit for the year RM 411,221,000]
2016 - Lowest 56 sens / Highest 76 sens [Loss for the year RM (165,024,000)]
2015 - Lowest 63 sens / Highest 83 sens [Loss for the year RM (161,828,000)]
2014 - Lowest 75 sens / Highest 88 sens [Profit for the year RM 309,213,000]
2013 - Lowest 76 sens / Highest 93 sens [Profit for the year RM 296,775,000]

bennychen

193 posts

Posted by bennychen > 2018-02-24 16:35 | Report Abuse

laulau.....The land deal of 245 acres at Sg Besi with STC will add more value to BJLand if the appeal from the state govt is rejected by the Court.

laulau

439 posts

Posted by laulau > 2018-02-24 17:45 | Report Abuse

Happy Chor 9...

Yup! investing in Berjaya counters are like a game of Tai Sai with a difference...either you get your money back or 109% up to 1,240% returns... it's just a matter of when in 2018?

newbie2014

340 posts

Posted by newbie2014 > 2018-02-24 21:28 | Report Abuse

Yeah up up up, if history repeats, i should win my 1month salary in a day

Posted by shortinvestor77 > 2018-02-25 18:19 | Report Abuse

This proves some forumers are liers here!

laulau

439 posts

Posted by laulau > 2018-02-25 23:50 | Report Abuse

Yup..Uncle Tan is buying again....Monday will be a good day for Bursa as :

"The Dow Jones Industrial Average DJIA, +1.39% rose 347.51 points, or 1.4%, to 25,309.99, benefiting from sharp gains in components Goldman Sachs Group Inc., underlining rising demand for bank stocks which are likely to profit as benchmark yields march higher. The index has been up for two straight weeks, representing its largest two week climb, up 4.6%, since Nov. 18, 2016, according to WSJ Market Data Group.

The S&P 500 index SPX, +1.60% added 43.34 points, or 1.6%, to 2,747, buttressed by broad sector gains and highlighted by advances of more than 2% in the energy and technology sectors. The two straight weeks of gains for the equity index, up 2.9% over that period, are its most since Feb. 13, 2015.

The tech-laden Nasdaq Composite Index COMP, +1.77% meanwhile, surged 127.30 points, or 1.8%, to end at 7,337.39, snapping a four-session skid, and putting the index just 2.2% shy of its Jan. 26 peak at 7,505.77. It produced its best two-week stretch, up 6.7%, since Oct. 31, 2014.
"

See updated info...here:
https://klse.i3investor.com/blogs/laulauramblings/147946.jsp

bennychen

193 posts

Posted by bennychen > 2018-02-26 08:45 | Report Abuse

laulau...good morning to you.
Great work and very motivation info on BJLand. All of us just waiting for this misai man TSVT to let go his hand and let BJLand shoot up like an ICBM....cheer

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