Posted by spider68 > 2018-12-31 18:46 | Report Abuse

The worst kind of directors are those stingy ones that do not share profits with shareholders vide dividends while they help themselves to fat director fees & benefits year after year. They will also try to supress the MSP by not revaluing the landed assets for ages & in doing so distort the actual higher NTA. In addition to this there will also be a lot of related party transactions conducted at purportedly "arms length basis" where the beneficiary party does not benefit anything at all.

Posted by Stockker > 2018-12-31 20:58 | Report Abuse

NTA rm 1.17, market price 22 sen, somebody should do a hostile on the company.

Posted by spider68 > 2018-12-31 23:53 | Report Abuse

Stockker NTA rm 1.17, market price 22 sen, somebody should do a hostile on the company.

Impossible because the jokers hold 58.02% of the company's shares.

Posted by mahorse > 2019-01-02 14:25 | Report Abuse

Sometimes you wonder what motives the controlling shareholders have in listing their company, when they are not interested in how the stock performs.

Posted by Oon Chin Heng > 2019-01-17 18:18 | Report Abuse

Wow..this share still sleeping

Posted by surewin111 > 2019-02-07 16:18 | Report Abuse

total debt piling year after year, up to RM470millions now, wonder why consistent profit do not bring down these debts？

Interest expenses are around RM35m, if 8% per annum, which is more than 10% of gross revenue. Going forward if its projects take 3 years for completion, no profits at all after Interest payment, let alone all units have to be fully sold....... Tan family is deep SHIT if Malaysia Market tumble.

Posted by luckyman > 2019-04-10 18:44 | Report Abuse

https://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=22728

Posted by mahorse > 2019-04-12 18:39 | Report Abuse

Volume is building up.

Posted by Oon Chin Heng > 2019-04-16 18:07 | Report Abuse

rubbish

Posted by luckyman > 2019-04-20 15:34 | Report Abuse

This company will be a beneficiary when HSR finally takes off due to its landbank. Just wait for another 6 to 9 months when HSR theme play comes back again. HSR cannot be deferred for too long.....

Posted by luckyman > 2019-08-28 19:49 | Report Abuse

https://malaysiastock.biz/Company-Announcement.aspx?id=1167395

Very good full result !!! EPS: 9.76 sen

Posted by mahorse > 2019-08-28 21:51 | Report Abuse

No doubt excellent results. However, if the clueless management is not proactive with the analysts/funds etc, the stock will continue to hibernate.

Posted by luckyman > 2019-09-17 18:03 | Report Abuse

https://www.thestar.com.my/news/nation/2019/09/11/zuraida-mulls-selling-rm100bil-worth-of-unsold-high-end-property-to-china-hong-kong-buyers

The above proposition should bring substantial benefits to BCB's existing high end Hometrees and The Elysia Park Residence projects.

Posted by NoEmo > 2019-11-27 18:30 | Report Abuse

Phew, another sterling qr. Just buy and hold till foreigners, esp kiasu Singaporeans, come and swoop up its vacant units in Johore next year when the minimum house price for foreigners is lowered to 500k.

Posted by mahorse > 2019-11-28 09:12 | Report Abuse

Looks like another good results for this year with the on going projects, which are doing well. The Batu Pahat landed property alone contributing 150m per year.

Posted by mahorse > 2019-11-28 09:54 | Report Abuse

Consolidated Statements of Comprehensive Income as at 30 June for the financial year

2015 2016 2017 2018 2019
RM ‘000 RM ‘000 RM ‘000 RM ‘000 RM ‘000
(Restated)

Revenue 398,740 301,084 222,154 292,254 425,394

Profit Before Charging Depreciation
and Interest Expenses 70,821 60,759 39,003 31,081 89,987
Depreciation (3,232) (3,457) (3,428) (3,250) (2,923)
Interest Expenses (19,471) (19,381) (14,525) (14,019) (12,866)
Profit Before Taxation 48,118 37,921 21,050 13,812 74,198
Taxation (13,871) (13,523) (10,009) (5,512) (17,223)
Profit After taxation 34,247 24,398 11,041 8,300 56,975
Adjusted Weighted Average
Number of Shares in Issue ** 400,464 400,462 400,361 400,359 399,631
Basic EPS (sen) *** 8.47 6.41 2.45 1.72 9.76

Posted by mahorse > 2019-11-28 09:57 | Report Abuse

Consolidated Statement of Financial Position as at 30 June for the financial year
2015 2016 2017 2018 2019
RM ‘000 RM ‘000 RM ‘000 RM ‘000 RM ‘000
(Restated)

Share Capital 206,250 206,250 206,250 206,250 206,250
Treasury Shares (3,119) (3,121) (3,167) (3,168) (3,371)
Non-Distributable Shares 6,788 6,788 6,788 6,788 6,788
Retained Earnings 202,250 227,931 237,728 213,940 252,950
Non-Controlling Interests 12,821 11,789 13,034 24,429 42,394
Shareholders’ Equity 424,990 449,637 460,633 448,239 505,011
Represented by:
Property, Plant and Equipment 66,278 62,797 60,987 57,633 50,361
Investment Properties 22,879 61,693 60,580 57,859 57,775
Land Held for Development 83,149 142,620 119,375 254,188 337,664
Other Non-Current Assets - 1,447 2,961 8,206 2,225
Current Assets 908,916 876,899 925,005 845,108 825,637
Current Liabilities (451,240) (384,385) (444,425) (540,636) (529,748)
457,676 492,514 480,580 304,472 295,889
Non Current Liabilities (204,992) (311,434) (263,850) (234,119) (238,903)
424,990 449,637 460,633 448,239 505,011
Total Assets 1,081,222 1,145,456 1,168,908 1,222,994 1,273,662
Number of Ordinary Shares of
RM 0.50 in Issue (‘000) 412,500 412,500 412,500 412,500 412,500
Net Assets Per Share (RM) * 1.03 1.09 1.12 1.03 1.12

Posted by mahorse > 2019-11-28 10:10 | Report Abuse

http://bcb.irplc.com/new-announcement.htm?NewsID=201911276600006&Symbol=6602

Posted by mahorse > 2019-11-28 10:31 | Report Abuse

BCB's bread and butter landed property projects contributing RM150 million annually,

BATU PAHAT, JOHOR

District of Batu Pahat, Johor Being developed as Bandar
H.S.(D) 43069-43075 Putera Indah
PTD No.18607-18613, Mukim of
Linau,

Freehold 133.47 acres NBV 80.453 million Revaluation 28/9/2009



HS(D) 23287, 23308-23337, Being developed as Evergreen Heights
23526-23540, 23551-23565,
23581-23596, 23371-23388,
23464-23474, 23485-23525,
23566-23580, 36168, 36169,
36165, 36166
Mukim of Simpang Kanan,
District of Batu Pahat, Johor

Freehold 76.53 acres NBV 53.614 million Revaluation 6/2/2002

Posted by luckyman > 2019-12-03 16:42 | Report Abuse

Still very undervalued in terms of both PE, and NTA of RM1.15

Posted by Victor Yong > 2019-12-03 17:50 | Report Abuse

As per annual report 2019..


Financial review
During the financial year, the Group posted a turnover of RM425.39 million compared with RM292.25 million achieved in the previous year (after restatement). Group profit before tax increased to RM74.20 million compared with RM13.81 million achieved in the previous year (after restatement) while Group profit after tax increased to RM56.98 million compared with RM8.30 million achieved in the previous year (after restatement).

Posted by Victor Yong > 2019-12-03 18:07 | Report Abuse

retained earnings RM266mil+, at 32.5sen.... allocate RM16mil /0.325 ~ 49mil shares++

total shares issued ~ 412 mil. 49/412 x 100%~ 12% of total shares issued.

just spend rm16mil, can buyback more than 12% of bcb issued shares :)

Posted by Good123 > 2019-12-03 19:02 | Report Abuse

seem a good candidate to beat mct :)

Posted by Good123 > 2019-12-03 19:03 | Report Abuse

P/B~0.29, PE ~3kali, lelong price

Posted by Good123 > 2019-12-03 19:04 | Report Abuse

harap company buyback more bcb shares jika takda jadi dividen tunai atau syer :)

Posted by Good123 > 2019-12-03 19:05 | Report Abuse

keuntungan yang belum diagihkan berjumlah rm266juta , founder mau simpan sampai matikah ? :p

Posted by Good123 > 2019-12-03 19:07 | Report Abuse

buyback more shares , dah dapat mandat dalam agm hari ini. harga boleh naik berterusan, shareholders yang mau keluar, boleh leave dengan sedikit untung.

Posted by Good123 > 2019-12-03 19:08 | Report Abuse

investors yang boleh tunggu boleh sapu lebih banyak saham bcb

Posted by Good123 > 2019-12-03 19:09 | Report Abuse

MWDG juga boleh tanya BOD bila mau pakai retained earnings untuk bayar dividend kepada shareholders

Posted by Good123 > 2019-12-03 19:09 | Report Abuse

banyak perkembamgan yang luar biasa kat bcb.. Akan monitor, dll

Posted by Good123 > 2019-12-03 21:06 | Report Abuse

made so much profit, get analysts to write about bcb, get it published in the edge magazine also

Posted by Good123 > 2019-12-03 21:08 | Report Abuse

the founder should start paying dividend again, tak kan mau tunggu founder mati dahulu, anak bayar dividend kemudian

Posted by Good123 > 2019-12-03 21:10 | Report Abuse

if the old founder dies, better chance to get dividend payout. the old founder prefers share buyback to paying dividend :)

Posted by SharehlderOppression > 2019-12-04 10:25 | Report Abuse

Its about the time the major shareholders unlock its value
since they already control majority of the undervalued assets

Posted by NoEmo > 2019-12-04 10:59 | Report Abuse

potential stock for privatisation with 50c per share buy-out.

Posted by mahorse > 2019-12-04 11:22 | Report Abuse

Major shareholder did a GO in 2015 at 50 sen (rm 1 before share split) Independent Adviser said not fair and not reasonable. GO was not successful.

Posted by mahorse > 2019-12-04 11:40 | Report Abuse

If GO again at 50 sen, it will not be successful, imagine FY16-FY19, PAT of 24m, 11m, 8m and latest FY19 of 57m, combined 100m not accounted for. At 50 sen, market cap is only 200m.

Posted by RVI123 > 2019-12-04 16:42 | Report Abuse

Comparison between BCB and KSL


---------------------- BCB ----------- KSL
Base ---------------- Johor --------- Johor
Share Price --------- 0.37 ---------- 0.76
NTA ---------------- 1.17 ---------- 2.91
PER ---------------- 3.41 ---------- 3.35

Posted by yakuza > 2019-12-06 17:32 | Report Abuse

sharp drop today

Posted by NoEmo > 2019-12-07 10:13 | Report Abuse

interesting stock. May hit 34c to flush out weak holders and then rockets up to touch 50c.

Posted by Good123 > 2019-12-10 20:59 | Report Abuse

mct fell a lot , bcb also followed ? luar biasa

Posted by Victor Yong > 2019-12-17 19:22 | Report Abuse

MCT vs BCB vs KSL, which is one better ? :)


MCT Financial Information - 32sen
Market Capital (RM)
: 466.24m
EPS: 4.36sen
PE Ratio: 7.35
ROE (%): 6.98

Number of Share
: 1.457b
NTA (RM)
: 0.625
Par Value (RM)
: 0.500

BCB Financial Information- 36.5sen
Market Capital (RM)
: 150.56m
Number of Share
: 412.50m
EPS (cent)
: 10.85 *
P/E Ratio
: 3.36
ROE (%)
: 9.43
NTA (RM)
: 1.150
Par Value (RM)
: 0.500

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.


KSL Financial Information - 77.5sen
Market Capital (RM)
: 804.07m
Number of Share
: 1.038b
EPS (cent)
: 22.70 *
P/E Ratio
: 3.41
ROE (%)
: 7.80
NTA (RM)
: 2.910
Par Value (RM)
: 0.500

Posted by mahorse > 2019-12-18 11:16 | Report Abuse

https://www.theedgemarkets.com/article/klsingapore-hsr-go-ahead-after-some-adjustments-says-dr-mahathir

Posted by luckyman > 2020-01-23 21:34 | Report Abuse

With the OPR dropping to 2.75%, BCB will be able to reduce the interest expenses on its own bank borrowings while it should be able to sell & clear more of its unsold completed properties since more buyers will find it more affordable on monthly loan installment with the lower interest rates...

Posted by luckyman > 2020-02-11 18:28 | Report Abuse

https://www.theedgemarkets.com/article/stock-momentum-bcb-bhd

Posted by mahorse > 2020-02-13 07:17 | Report Abuse

OPR rate cut is good for the property market.

Posted by NoEmo > 2020-02-26 15:05 | Report Abuse

dun worry n stay patient. First push to 39.5c, let us wait for the second push to 50c, most probably the tp of its major share-holder b4 taking it private.
Comparing with its peer Ekovest :
ctr eps (1st 2q total) NAPS current stock price(RM)
...... ..................……. ......... .............................
ekovest 1.09c (3.48) 0.96 0.68
bcb 2.07c(5.46) 1.18 0.325

Posted by mahorse > 2020-02-26 21:08 | Report Abuse

Grossly under valued, but major shareholder is not bothered?

Posted by mahorse > 2020-03-03 15:09 | Report Abuse

OPR cut again by .25%. Good for property market

Posted by camelwong > 2020-03-30 21:54 | Report Abuse

today closing o.225, is it worth buying?