Posted by limkopi > 2019-07-24 15:03 | Report Abuse

haha can trap at higher price?

Posted by skyu > 2019-07-24 15:16 | Report Abuse

kakkak. 0.165 or 0.16 is closer now. haiz, the Vt family eat abalone , we pay for their lavishness.

Posted by 129055444514385 > 2019-07-24 15:19 | Report Abuse

:)

Trading Frequency Attitude Studies show that individual investors tend to trade too often (Barber, Lee, Liu, & Odean, 2009; Barber & Odean, 2013). Such tendencies perhaps emerge from the fallacious belief that one must trade frequently to make a profit even though research shows that traders consistently underperform benchmarks (Barber & Odean, 2000; Linnainmaa, 2011). Yet, many cannot resist the temptation of active trading. Trading frequency increases when investors are overconfident about their ability (Graham, Harvey, & Huang, 2009; Grinblatt & Keloharju, 2009; Statman, Thorley, & Vorkink, 2006). Trading frequency may impact the usage of financial statements by individual investors. Since trading is driven by short-term price fluctuations and other signals, it is possible that investors who trade frequently are less inclined to rely on financial statements when making stock investment decisions

Posted by 129055444514385 > 2019-07-24 15:20 | Report Abuse

:)

The findings reveal that financial statement usage is positively associated with subjective norm, financial statement knowledge, attitude towards financial statement usage,and perceived behavioural control. However, it isnegatively associated with trading frequency attitude.

Posted by 129055444514385 > 2019-07-24 15:22 | Report Abuse

Females exhibited a higher level of financial statement usage compared to males. Interestingly, there were no significant differences in terms of ethnicity, suggesting that the various races have an equal likelihood of using financial statements for investment decision-making purposes.Financial statement usage also seemed to decline with age;respondents in their 20s reported a higher usage of financial statements compared to those in their 50s.Those who had a diploma had significantly higher financial statementusagecompared to those with SPM qualifications; however, usage did not increase significantly with even higher educational attainment.Nonetheless, the findings support human capital theory that education is a driver of financial behaviour.Significant differences were also noted for the employment sector where those in the private sector exhibited higher usage compared to those who were unemployed.Furthermore, investors with 3 years or less investing experience were significantly higher users of financial statements compared to more experienced investors

Posted by limkopi > 2019-07-24 15:39 | Report Abuse

skyu u mean hairy abalone?

Posted by Good123 > 2019-07-24 15:46 | Report Abuse

11m shares traded so far

Posted by Good123 > 2019-07-24 15:47 | Report Abuse

17.5sen steady

Posted by Good123 > 2019-07-24 15:49 | Report Abuse

BERJAYA LAND BERHAD
(Company No: 201765 - A)
UNAUDITED INTERIM FINANCIAL REPORT FOR THE QUARTER ENDED 30 APRIL 2019
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Group
As at As at
30/04/2019 30/04/2018
Note RM'000 RM'000
ASSETS (Audited)
Non-current assets
Property, plant and equipment 1,562,388 1,584,508
Investment properties 760,106 760,737
Inventories - land held for development 809,727 793,759
Associated companies 545,942 533,094
Joint ventures 55,822 55,590
Investments 159,223 106,399
Intangible assets 4,047,349 4,071,572
Receivables 1,376,103 1,504,788
Deferred tax assets 37,146 33,607
9,353,806 9,444,054
Current assets
Inventories - property development costs 351,323 316,287
Inventories - completed properties and others 619,545 554,481
Receivables 1,172,765 1,461,416
Contract assets 9,048 -
Short term investments 9,441 9,206
Tax recoverable 6,944 15,675
Deposits, cash and bank balances 812,019 868,169
Non current assets classified as held for sale 222,360 222,880
3,203,445 3,448,114
TOTAL ASSETS 12,557,250 12,892,168
EQUITY AND LIABILITIES
Share capital A4 2,500,168 2,500,168
Reserves: Exchange reserves 169,571 152,707
Capital reserve 116,528 116,528
Fair value reserve 1,189,381 1,199,412
Available-For-Sale ("AFS") reserve - 4,450
Fair value through other
comprehensive income ("FVTOCI") reserve (36,979) -
Consolidation reserve 68,685 81,719
Retained earnings 254,797 246,328
1,761,983 1,801,144
Equity funds 4,262,151 4,301,312
Less: Treasury shares A4 (20,699) (20,699)
Net equity funds 4,241,452 4,280,613
Non-controlling interests 2,325,152 2,270,645
Total equity 6,566,604 6,551,258

Posted by Good123 > 2019-07-24 15:49 | Report Abuse

BERJAYA LAND BERHAD
(Company No: 201765 - A)
UNAUDITED INTERIM FINANCIAL REPORT FOR THE QUARTER ENDED 30 APRIL 2019
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Group
As at As at
30/04/2019 30/04/2018
Note RM'000 RM'000
(Audited)
Non-current liabilities
Retirement benefit obligations and provisions 32,779 26,759
Long term borrowings B8 1,145,479 1,888,367
Other long term liabilities 333,201 113,858
Deferred taxation 1,080,084 1,071,116
2,591,543 3,100,100
Current liabilities
Payables 1,553,339 1,672,557
Short term borrowings B8 1,809,220 1,531,096
Retirement benefit obligations and provisions 2,471 2,746
Tax payable 31,010 31,452
Liabilities directly associated to disposal group 3,063 2,959
3,399,103 3,240,810
Total Liabilities 5,990,646 6,340,910
TOTAL EQUITY AND LIABILITIES 12,557,250 12,892,168
Net assets per share attributable to ordinary equity holders (with
voting rights) of the parent (RM) 0.85 0.86
The net assets per share is calculated based on the following:
Net equity funds divided by the number of outstanding shares in issue with voting rights.

Posted by Good123 > 2019-07-24 15:50 | Report Abuse

BERJAYA LAND BERHAD
(Company No: 201765 - A)
UNAUDITED INTERIM FINANCIAL REPORT FOR THE QUARTER ENDED 30 APRIL 2019
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
CURRENT QUARTER FINANCIAL PERIOD
ENDED ENDED
30/04/2019 30/04/2018 30/04/2019 30/04/2018
Note RM'000 RM'000 RM'000 RM'000
REVENUE 1,639,019 1,585,027 6,240,650 6,361,198
OPERATING EXPENSES, NET (1,539,353) (1,508,711) (5,803,179) (5,896,921)
PROFIT FROM OPERATIONS 99,666 76,316 437,471 464,277
Investment related income/(expenses), net A3 208,842 (44,218) 284,095 (202,151)
Share of results from associated companies 15,100 (4,982) 2,649 2,658
Share of results from joint ventures (1,468) (624) (2,499) (522)
Finance costs (43,504) (45,886) (177,633) (194,410)
PROFIT/(LOSS) BEFORE TAX B5 278,636 (19,394) 544,083 69,852
TAXATION B6 (60,097) (57,092) (188,110) (188,040)
PROFIT/(LOSS) NET OF TAX 218,539 (76,486) 355,973 (118,188)
ATTRIBUTABLE TO:
- Owners of the parent 181,475 (92,148) 182,528 (190,288)
- Non-controlling interests 37,064 15,662 173,445 72,100
218,539 (76,486) 355,973 (118,188)
EARNINGS/(LOSS) PER SHARE (SEN) B11
- Basic 3.64 (1.85) 3.66 (3.81)
- Fully diluted 3.64 (1.85) 3.66 (3.81)

Posted by 1431599283521664 > 2019-07-24 15:50 | Report Abuse

aiyooo enough of recycling old news lah..

Posted by Good123 > 2019-07-24 15:50 | Report Abuse

BERJAYA LAND BERHAD
(Company No: 201765 - A)
UNAUDITED INTERIM FINANCIAL REPORT FOR THE QUARTER ENDED 30 APRIL 2019
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
CURRENT QUARTER FINANCIAL PERIOD
ENDED ENDED
30/04/2019 30/04/2018 30/04/2019 30/04/2018
RM'000 RM'000 RM'000 RM'000
PROFIT/(LOSS) NET OF TAX 218,539 (76,486) 355,973 (118,188)
OTHER COMPREHENSIVE INCOME
Items that may be subsequently reclassified to profit or loss
Net changes in fair value of available-for-sale investments
- Changes in fair value during the quarter/period - (5,999) - (13,756)
- Transfer to profit or loss upon disposal - 15,398 - 3,161
- Transfer to profit or loss upon impairment - - - 19,260
Share of an associated company's changes in fair
value of other investments and exchange reserve 26 1,836 2,534 (2,627)
Currency translation differences
- Movement during the quarter/period (5,810) 4,422 21,486 (176,111)
- Transfer to profit or loss upon loss of control over
subsidiaries - 31,710 - 31,710
Items that will not be subsequently reclassified to profit
or loss
Change in fair value reserve:
- Reversal of impairment on gaming rights - 98,934 - 95,080
- Deferred tax effect relating to reversal of
impairment on gaming rights - (23,744) - (22,819)
Change in fair value of property,plant and equipment
prior to transfer to investment properties - 2,952 - 2,952
Actuarial gain recognised in defined benefit
pension scheme - 3,378 - 3,534
Tax effect relating to components of other
comprehensive income - (603) - (1,261)
Net changes in fair value of investments at fair
value through other comprehensive income ("FVTOCI") 9,104 - 4,878 -
Share of an associated company's changes in fair value
of other investments (526) - (1,299) 2
TOTAL COMPREHENSIVE INCOME
FOR THE QUARTER/PERIOD 221,333 51,798 383,572 (179,063)
TOTAL COMPREHENSIVE INCOME
ATTRIBUTABLE TO:
- Owners of the parent 179,279 (19,989) 201,959 (241,450)
- Non-controlling interests 42,054 71,787 181,613 62,387
221,333 51,798 383,572 (179,063)
The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the
audited financial statements for the year ended 30 April 2018.

Posted by Good123 > 2019-07-24 15:52 | Report Abuse

BERJAYA LAND BERHAD
(Company No: 201765 - A)
UNAUDITED INTERIM FINANCIAL REPORT FOR THE QUARTER ENDED 30 APRIL 2019
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
12 months ended
30/04/2019 30/04/2018
RM'000 RM'000
OPERATING ACTIVITIES
Receipts from customers/operating revenue 6,646,256 6,882,107
Payment to prize winners, suppliers, duties, taxes and other operating expenses (6,177,846) (6,278,192)
Tax paid (180,185) (153,556)
Other receipts (inclusive of tax refunds) 18,583 7,943
Net cash generated from operating activities 306,808 458,302
INVESTING ACTIVITIES
Sale of property, plant and equipment and non-current assets 12,842 4,366
Sale of other investments and short term investments 3,209 32,880
Balance of sale proceeds arising from disposal of a joint venture 52,625 -
Partial disposal of equity interest in an associated company - 58,891
Net cash outflow from disposal of a subsidiary company - (768)
Net cash outflow from deemed disposal of subsidiary companies - (410)
Acquisition of property, plant and equipment, non-current assets and properties (92,583) (92,461)
Acquisition of additional equity interest in a subsidiary company (32,253) (7,401)
Acquisition of other investments and short term investments (46,659) (59,836)
Acquisition of treasury shares by a subsidiary company - (2,259)
Acquisition of investments in associated companies and joint ventures (11,370) (27,953)
Interest received 35,613 29,943
Dividend received 3,700 7,023
(Repayment to)/Advances from related companies (27,883) 1,387
Repayment from joint ventures and associated companies 419,908 13,455
Other receipts 82,266 278,184
Net cash generated from investing activities 399,415 235,041
FINANCING ACTIVITIES
Drawdown of bank and other borrowings 689,437 1,068,893
Repayment of bank and other borrowings (1,133,976) (1,367,593)
Movements of vehicle stocking loans (18,601) 38,782
Dividends paid to non-controlling interests of a subsidiary company (128,815) (88,776)
Interest paid (172,746) (187,824)
(Placements)/Withdrawal of securities pledged for borrowings with banks (687) 12,595
Other payments (8,743) (8,240)
Net cash used in financing activities (774,131) (532,163)
NET CHANGE IN CASH AND CASH EQUIVALENTS (67,908) 161,180
EFFECTS OF EXCHANGE RATE CHANGES 10,329 (27,484)
OPENING CASH AND CASH EQUIVALENTS 787,540 653,844
CLOSING CASH AND CASH EQUIVALENTS 729,961 787,540
The closing cash and cash equivalents comprise the following:
Deposits, cash and bank balances 812,019 868,169
Bank overdraft (included under short term borrowings) (10,891) (10,147)
Less: cash and cash equivalents restricted in use (71,213) (70,526)
Add: cash and cash equivalents classified as held for sale 46 44
729,961 787,540
The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the audited financial
statements for the financial year ended 30 April 2018.

Posted by 129055444514385 > 2019-07-24 15:53 | Report Abuse

improving and good financial statement as at 30 April 2019.... wait till next month for the 14-month results , expected to be much better :)

Posted by DickyMe > 2019-07-24 15:53 |

Post removed.Why?

Posted by 129055444514385 > 2019-07-24 15:53 | Report Abuse

good for remembrance for your efforts @good123. thanks

Posted by Good123 > 2019-07-24 16:00 | Report Abuse

retained earnings more than rm250mil can pay dividend anytime

Posted by Leong1982 > 2019-07-24 16:05 | Report Abuse

By the way, drop you all curse, up also talk 3 talk 4.. What do you guys want jekk?

Posted by limkopi > 2019-07-24 16:13 | Report Abuse

this share special leong, drop 10sen, rise 2sen, confirm curs eand bless vt with middle fingers

Posted by somo1 > 2019-07-24 17:00 | Report Abuse

Retained earning is NOT equivalent to cash, hence its ability or willingness to pay dividends. Hope Good123 can restrain from regurgitate unuseful comments. Less is more!

Posted by shortinvestor77 > 2019-07-24 17:11 | Report Abuse

Rm800 mil cash can pay 1 cent div which is 50 mil lah. What's the big deal?

Posted by FoolsGold > 2019-07-24 17:18 | Report Abuse

AnakharamSlts

Due to repeated abuse posts, this account has been suspended from posting to the i3investor portal until 01/08/2019. Please refer to the Terms and Conditions of Use and Community Standards of this portal.


THANK YOU ADMIN ! NOW KNOW THAT U MEAN BUSINESS !

PLS CONTINUE TO KEEP THIS I3 FORUM CLEAN & PEACEFUL,FREE FROM THESE ABUSIVE,UNCOUTH CHARACTERS WHO CLEARLY DONT BRUSH THEIR TEETH & SMELL DIRTY...

Posted by Good123 > 2019-07-24 17:30 | Report Abuse

almost 3x the traded volume of bjcorp today..amazing

Posted by skyu > 2019-07-24 20:17 | Report Abuse

I thought this forum has the freedom to speak out. why u bother what people condemn about something? he must has his reason. I believe most people talk here had bought the bjland shares.

Posted by signalmw > 2019-07-24 20:45 | Report Abuse

Wah 0.16 com

Posted by Leong1982 > 2019-07-24 22:06 | Report Abuse

Ya lo loser

Posted by Good123 > 2019-07-24 23:30 | Report Abuse

PUTRAJAYA (July 24): FundMyHome (FMH) has proven that it is possible to make homeownership more accessible to Malaysians, especially those in the lower income group with the signing of sales and purchase agreement by the first batch of homeowners under the FMH platform.
In an event held at the Ministry of Housing and Local Government (KPKT) in Putrajaya today, 16 participants from the first batch received their documents from the ministry under the FundMyHome DepositKu scheme.
"Today, we are delighted to witness the realisation of fellow Malaysians’ dream in finally owning a place they can call their own," EdgeProp Sdn Bhd chairman Datuk Tong Kooi Ong said in his speech.
"As the Prime Minister reminded me that the proof of the pudding is in the eating, I think today we have delivered it," he added.
Under the FundMyHome platform, aspiring homebuyers only pay 20% of the property price to own a home while the remaining 80% of the price will be contributed by participating institutional co-investors, who share the upside in the future value of the property.
During the launch of the platform last November, Prime Minister Tun Dr Mahathir Mohamad threw a challenge to EdgeProp, the developer of FundMyHome, to prove that such a "fantastic idea" can be proven viable.
"I hope and believe that this scheme could help encourage homeownership,” Mahathir had said at that time.
Fast forward to today, the FundMyHome platform has attracted more than 8,000 people who are interested in buying a home on the platform, including the 16 buyers present at the event today.
Tong noted that the key challenges to homeownership for many Malaysians today, especially the working class living in the city, are the inability to get a mortgage and to pay the downpayment for a home purchase, which can be attributed to two main reasons – buyers’ incomes are too low and home prices are too high.
Hence, the FundMyHome platform is launched to help those who are unable to own a home due to their inability of obtaining a mortgage, he said.
"Going forward, FundMyHome will make homeownership possible for many more Malaysians as it has proven today," he added.
He is also delighted that KPKT is offering financial aid to the buyers under the FundMyHome platform through the FundMyHome DepositKu scheme.
DepositKu will fund up to 10% of the home price for qualified buyers, subject to a maximum of RM30,000.
This means that for a RM300,000 home, homebuyers need to only raise 10% down payment or RM30,000, while the other 10% will be from Depositku scheme with the balance 80% from the investors of FundMyHome platform.
For bumiputera buyers, if the bumi discount entitlement is available, they will pay even less.
With a 7% bumi discount, first-time bumiputera buyers only need to pay RM9,000 to buy a RM300,000 home.
"The most common issue faced by these prospective homebuyers is their inability to raise the required 20% deposit towards the purchase. We are glad that our proposal to the government for the FundMyHome DepositKu scheme and its realisation has enabled some Malaysians to finally own their own homes," he said.

Posted by Good123 > 2019-07-24 23:30 | Report Abuse

fundmyhome can boost the property sector :)

Posted by shortinvestor77 > 2019-07-25 08:43 | Report Abuse

8000 applied, only 16 are successful?

Posted by shortinvestor77 > 2019-07-25 08:44 | Report Abuse

Wait for 0.05 to buy more lah!

Posted by freddiehero > 2019-07-25 08:49 | Report Abuse

wah lau eh.... wan fly liao?

Posted by shortinvestor77 > 2019-07-25 09:08 | Report Abuse

Let the sellers finished selling to 0.05.

Posted by Leong1982 > 2019-07-25 09:08 | Report Abuse

1st lot 0.175
2nd lot 0.175

What theheck

Posted by Leong1982 > 2019-07-25 09:11 | Report Abuse

Boss hasn't bagi order kah?

Posted by Leong1982 > 2019-07-25 09:13 | Report Abuse

Sell 0.17 and see how they react

Posted by Leong1982 > 2019-07-25 09:32 | Report Abuse

Use 1 lot to inflate to 0.175 again... Hahaha

Posted by 129055444514385 > 2019-07-25 09:51 | Report Abuse

hotel segment is potential in msia too. :)

IHG eyes 10 new hotels in 5 years

An artist’s impression of Holiday Inn Sepang.
By Kathy B. - July 18, 2019 @ 1:17pm
INTERCONTINENTAL Hotels Group (IHG) plans to have up to 10 new hotels in Malaysia within the next five years.

IHG vice-president of, development for Southeast Asia and Korea, Serena Lim, said the hotel group is open to both greenfield and brownfield opportunities.

“We have been innovative in the past in adaptive reuse such as Holiday Inn Express Kuala Lumpur City Centre which was converted from the Menara ING office to a hotel. With the right partner and location, we look forward to expanding our footprint in Malaysia,” she told NST Property.

Lim said IHG is committed to building on its strategy and accelerating its growth in the region by working with the right partners in areas where it sees the most potential for growth.

“We always look for opportunities to partner owners of high-quality individual or locally-branded hotels which will benefit from the powerful systems and expertise that we bring... like best-in-class revenue management, technology capabilities and IHG Rewards Club.

“Prioritising investment where it matters most and with our years of experience in operating hotels at scale, we partner with hotel owners to invest where it will drive the greatest commercial gains and provide great brand experiences for guests,” she said.

IHG has five hotels operating under three brands in Malaysia, namely InterContinental, Holiday Inn and Holiday Inn Express.

Lim said next year, IHG will be opening exciting properties, including Holiday Inn Express Kota Kinabalu City Centre and the Holiday Inn Johor Baru City Centre.

“Last October we also announced the signing of Regent Kuala Lumpur, located next to Tun Razak Exchange, our first global signing since the acquisition of the brand,” she said.

By 2021, IHG will open Holiday Inn Sepang.The hotelier recently inked an agreement with Warisan City Development to set up a hotel at the latter’s Kota Warisan project in Sepang.

Kota Warisan is located within close proximity to the Kuala Lumpur International Airport, which handles almost 60 million passengers a year.

Lim said the target market for the 250-room hotel is layover passengers or airline crews, as well as people in the Sepang area, which is expanding as a key commercial hub in Greater Kuala Lumpur.

“Sepang already hosts several attractions just a short drive from the location of the hotel, such as the renown Sepang International Circuit, Mitsui Outlet Park, Xiamen University Malaysia and KIP Mall. There are also numerous businesses and industrial zones nearby. In 2020, e-commerce giant Alibaba will launch the Digital Free Trade Zone within the airport compound, serving as a regional logistics hub for SMEs (small and medium enterprises).

“Being in close proximity to a major international airport, a large industrial district, a university and a renown racing circuit, the hotel is perfectly positioned for both business and leisure visitors. We believe this is an ideal location for our expansion,” she said.

Lim said Holiday Inn is one of the group’s mainstream brands with hotels offering full service known across the globe for comfort, value, and dependability as well as being the world’s most recognised brand in the world.

If Holiday Inn Sepang is planned as a 3- or 4-star hotel, Lim said IHG is just like other players in the industry which are moving away from star-rating.

Instead, IHG will be using market scale such as luxury, upscale or midscale, she added.

Posted by skyu > 2019-07-25 10:01 | Report Abuse

morning guys. hope bjland wont create another new low today

Posted by 129055444514385 > 2019-07-25 10:02 | Report Abuse

bjland can consider to exit the hotel segment by selling all the hotels in bjland together instead of IPO for the hotels . :)

Posted by 129055444514385 > 2019-07-25 10:05 | Report Abuse

oldtown, munchy biscuits in msia sold for more than RM1bil to foreigners, bjland can sell all the hotels too and return the balance after paying off the loans to shareholders... then, just pay shareholders from the dividend received from bjtoto (hold more than 40%+ in it)... habis cerita

Posted by firehawk > 2019-07-25 10:07 | Report Abuse

the most important thing vt want to do is ... don't give dividend to shareholders .....

Posted by 129055444514385 > 2019-07-25 10:09 | Report Abuse

even loss-making coffee beans has buyer :)

Jollibee buys Coffee Bean for US$350m, shares fall 8%
CORPORATE NEWS
Wednesday, 24 Jul 2019

3:46 PM MYT
image: https://www.thestar.com.my/~/media/online/2019/07/24/07/49/coffee-bean-and-tea-leaf.ashx/?w=620&h=413&crop=1&hash=A4A32393BCF17B18A63D9A6A92D8B7520A26E32A


MANILA: Jollibee Foods Corp. will spend $350 million to purchase loss-making Coffee Bean & Tea Leaf, its largest acquisition.

Shares of the Philippine’s biggest restaurant company fell the most in more than two years.

Jollibee will invest $100 million for an 80% stake in a Singapore venture set up with Vietnamese partners to acquire Coffee Bean, it said in a stock exchange disclosure. The rest of the amount will be in the form of advances.

Los Angeles-based Coffee Bean will add 14% to Jollibee’s global sales and expand its store network by more than a quarter, said Jollibee Chairman Tony Tan Caktiong. In 2018, the coffee chain with 1,189 stores reported a net loss of $21 million on revenue of $313 million.

Highlights

The Coffee Bean acquisition is Jollibee’s largest to date, following its $210.25 million takeover of American fast-food chain Smashburger, according to Bloomberg data.

The transaction will boost contributions from international businesses to 36% of total sales and closer to its goal of becoming one of the top 5 restaurant companies in the world in terms of market capitalization, Jollibee said.

Shares of the restaurant company that’s famous for its fried chicken fell as much as 8% in Manila, its biggest drop since Nov. 15, 2016.

Jollibee drags Philippines’ benchmark stock index out of bull market territory, closing at 8,161.49. Before Jollibee’s trading halt was lifted, the index was at 8,200.37.

Owners of Viet Thai International Joint Stock Company, Jollibee’s partner in Highlands Coffee and Pho 24, will subscribe to the remaining 20% of the Singapore venture.

The initial public offering planned for Highlands Coffee this month is delayed and under review.

"There is market skepticism that this purchase will be earnings accretive considering Coffee Bean’s 2018 loss is about 12% of Jollibee’s profit last year,” said Rachelle Cruz, an analyst at AP Securities.

"Smashburger is yet to contribute positively on earnings and here is another acquisition that will probably be earnings dilutive in the next two to three years,” she said, referring to the U.S. burger chain Jollibee took over in 2018. - Bloomberg

Read more at https://www.thestar.com.my/business/business-news/2019/07/24/jollibee-buys-coffee-bean-for-us$350m-shares-fall-8pct/#SqrwfMwz6zvzizVe.99

Posted by shortinvestor77 > 2019-07-25 10:10 | Report Abuse

Best sell Toto, sell hotels, sell properties and resolve BJLand.

Posted by shortinvestor77 > 2019-07-25 10:10 | Report Abuse

we will get a handson payout. ha

Posted by firehawk > 2019-07-25 10:16 | Report Abuse

yes, can sell everything, like did in Vietnam .... but minority shareholders not get a single sen ....

Posted by 129055444514385 > 2019-07-25 10:20 | Report Abuse

:) http://www.starproperty.my/index.php/articles/property-news/buyers-keen-on-buying-properties-in-2019/

Posted by Good123 > 2019-07-25 10:27 | Report Abuse

net assets per share 85sen, sell everything, liquidation better. get back 50sen per share also ok.move on. useless BODs

Posted by Leong1982 > 2019-07-25 11:50 | Report Abuse

Ya, the BOD should feel ashamed!

Posted by kasinathan > 2019-07-25 12:03 | Report Abuse

You people are damn right.... The BODs are useless by just looking at the yo yo performance of operating performance.

You people are equally stupid... Wasted energy by barking here and there after knowing the BODs are incompetent.... Why wasting your time here.

Just sell off.... Settle all your problems!