Posted by Kitty28 > 2014-11-06 09:37 | Report Abuse

today is considered rebound on fundamental?

Posted by Koay Yi Chuan > 2014-11-06 09:46 | Report Abuse

Any changes in fundamentals of the company? Any news that changes the outlook of the company? I don't know. Can be from all sorts of reasons.

Posted by Kitty28 > 2014-11-06 09:50 | Report Abuse

Oversold without changes of fundamental, that's why the buy call and wait for the price to regain its territory?.....slowly I get it..thanks.

Posted by Koay Yi Chuan > 2014-11-06 10:00 | Report Abuse

Someone can't wait to sell out...No need to wait. Illusionary perhaps.

Posted by Kitty28 > 2014-11-06 10:19 | Report Abuse

Buy terus you mean....haha? ok ok.

Posted by Kitty28 > 2014-11-06 10:22 | Report Abuse

Dear sir, for beginner what type of charts to look into first? Can it be safe to say that if a fundamental of a counter remains intact, charts pattern do not carry weight? thanks a lot.

Posted by Koay Yi Chuan > 2014-11-06 10:29 | Report Abuse

chart patterns carry weight if you wanna trade short term. Learn it to better time your entry/exit.

Posted by fant > 2014-11-06 11:49 | Report Abuse

why no up to above 3.54

Posted by Koay Yi Chuan > 2014-11-06 15:16 | Report Abuse

Looks like some foreign funds can't wait to get out in view of deteriorating ringgit.

Posted by Kitty28 > 2014-11-06 15:49 | Report Abuse

volume not high but transactions quite action..?

Posted by Kitty28 > 2014-11-06 15:49 | Report Abuse

active

Posted by Mohd Azhan > 2014-11-07 08:06 | Report Abuse

huge volume and price up since last yesterday due to mazda2 announcement, will launch end of this month. and for sure contra player buy in and fast sell cause a huge drop. for the long term, performance still good, the chart so strong. u can refer to MBB and AMMB analysis.

Posted by Koay Yi Chuan > 2014-11-07 09:44 | Report Abuse

Probably someone with huge stake can't wait to sell out. Let the buy queues build up, then sell at one go, cycle repeats.

Posted by Kitty28 > 2014-11-07 09:53 | Report Abuse

no wonder price wont up much...up down then up down

Posted by Kitty28 > 2014-11-07 09:53 | Report Abuse

buy queue is always there...

Posted by Equityengineer > 2014-11-07 16:29 | Report Abuse

Come on close at 3.50

Posted by ckl4717 > 2014-11-10 10:38 | Report Abuse

If someone really interested to buy 39M shares @3.20/share u think they are not in for the long run??? someone who sell might be the 1 that subsribe during IPO, for them is good profit ad.

Posted by flatman > 2014-11-10 11:36 | Report Abuse

Why drop so much today?

Posted by nooniez > 2014-11-10 12:01 | Report Abuse

Hotrod, where you get that info from?

Posted by cruger12345 > 2014-11-10 13:40 | Report Abuse

here .. http://www.thestar.com.my/Business/Business-News/2014/11/07/Berjaya-Auto-sees-39m-shares-crossed/?style=biz

Posted by Paul Tan > 2014-11-10 15:31 | Report Abuse

CX-5 facelift http://paultan.org/2014/11/08/mazda-cx-5-facelift-leaked-onto-internet/

Posted by Paul Tan > 2014-11-10 15:32 | Report Abuse

the new Madza 6 facelift has a superb interior, expect this to do well http://paultan.org/2014/11/04/mazda-6-facelift-leaked/

Posted by IVAN2222 > 2014-11-10 16:14 | Report Abuse

2mrw can rebound back hopefully^^

Posted by Koay Yi Chuan > 2014-11-10 16:23 | Report Abuse

Reason for selldown? Off-mkt transaction at RM3.20? If that's the reason, this price action is insane. Time to accumulate.

Posted by IVAN2222 > 2014-11-10 16:29 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/11/10/Berjaya-Auto-top-loser-in-late-Monday-trade/?style=biz

Posted by jasonor > 2014-11-10 20:53 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/11/10/Berjaya-Corp-places-out-50m-Berjaya-Auto-shares-at-RM160m/?style=biz

what it means?

Posted by calvintaneng > 2014-11-10 23:37 | Report Abuse

It means that BJ Corp is now unlocking Value For Itself By Disposing BJ Auto.

Better Switch to BJ Corp!

Posted by Lotusf1 > 2014-11-10 23:44 | Report Abuse

It means material losses for those holding shres above 3.5 as this exercise had depressed its high value to 3.25 closing...will it go up again to its pre-exerscise level...answer yes n no...there is no guarantee for VT not unlocked his holding in BJA again...

Posted by Koay Yi Chuan > 2014-11-11 00:53 | Report Abuse

Even if VT unloads again, it will be a long time after this. Since this overhang now is removed, its improving fundamentals will lift the price northwards.

Posted by ckl4717 > 2014-11-11 09:06 | Report Abuse

if they wana sell 50 millions share of coz they need to sell at discount to the real market price at the moment of transaction laa, BJGroup sell at rm3.20/share doesnt means its only worth 3.20/share 1, those who believe in this company will continue to collect at rm3.25/share already. they sell at discount to save the time of disposing it at open market.

Posted by Ntpboon > 2014-11-11 09:53 | Report Abuse

Relax, just for laugh................................

谁人如此地阔气，
一撒就是几十亿。
买下此汽车生意，
莫非‘魂动’是此意？

Posted by jinv9 > 2014-11-11 10:54 | Report Abuse

Not wanting to be left behind, RHB has increased their TP to 4.50 from 3.60, beating AMMB's 4.00 MIB's 4.35 and Ken's 3.80.

RHB's executive summary is as follows:

Berjaya Auto - Another Leg Up Thanks To Abenomics

Berjaya Auto (BAuto) is a beneficiary of Japan’s policy to competitively devalue the JPY. Every 10 sen change in JPY/MYR could impact net profit by about MYR5m. Domestic Mazda sales are on track to meet our FY15 sales target while the eagerly-anticipated Mazda 2 B-segment competitor is on schedule for a Jan 2015 launch together with the CKD Mazda 3. Reiterate BUY with a revised TP of MYR4.50 (38.5% upside).

Weaker JPY means better margins. The JPY has depreciated 5.8% against the MYR since mid-October, exacerbated by the Bank of Japan’s expanded monetary stimulus programme last week. We estimate a 10 sen change in the JPY/MYR exchange rate could impact BAuto’s net profit by MYR5m. We revised our JPY100/MYR exchange rate assumptions to MYR3.05 and MYR2.80 for FY15 and FY16 respectively (from MYR3.25), in line with our latest house exchange rate forecasts.

Weaker JPY also means more competitive vehicle pricing. The weaker JPY also gives BAuto an advantage in vehicle pricing negotiations as Mazda Motor Corp can now offer more competitive pricing to BAuto in MYR terms without sacrificing its profit margin.

New model launches on schedule. BAuto will kick off 2015 with a bang, introducing both the Mazda 2 (assembled in Thailand) and the complete knock down (CKD) Mazda 3 next January. Other new Mazda models in the pipeline in 2015 include the facelift Mazda 6 and CX-5,before the debut of the CX-3 baby SUV towards end-2015. We are conservatively forecasting a FY14-17 3-year volume sales CAGR of 38.2%, driven by a strong new model pipeline and a supportive principal.

Forecasts and risks. We lift our FY15 and FY16 net profit forecasts by 5% and 15.3% respectively after updating our JPY/MYR assumptions. We also introduce our FY17 forecast. Key risks to our recommendation are: i) unfavorable forex trends, ii) supply chain disruption, iii) weaker consumer discretionary spending, and iv) irrational price competition.

Maintain BUY. BAuto is attractive for its undemanding valuations of just 9.2x FY16 coupled with a 3-year FY14-17 EPS CAGR of 34.2%. Applying a PEG of 0.4x suggests a target P/E of 13.7x (from 12.5x) applied to CY15 EPS to derive a revised TP of MYR4.50 (from MYR3.60). We believe Mazda’s strong product suite will ensure continued market share gains. BAuto is in a net cash position and highly cash-generative, which could mean higher dividends or new earnings accretive business streams.

Source: http://klse.i3investor.com/blogs/rhb/63683.jsp

Posted by healme > 2014-11-11 18:11 | Report Abuse

Ahh...4.20 is the target

Posted by healme > 2014-11-11 18:18 | Report Abuse

New Mazda2 official launch approx before Chinese New Year

Posted by calvintaneng > 2014-11-11 18:26 | Report Abuse

GREAT NEWS

MAZDA 2 IS JAPAN CAR OF THE YEAR. THE OVERALL CHAMPION BEATING MERC BENZ C CLASS INTO 2ND PLACE

MAZDA BOLEH!

BJ AUTO BOLEH!

BJ CORP BOLEH!

BJ CORP HAS RM1.5 BIILIONS IN BJ AUTO ALONE!

Posted by Wayne X Siong > 2014-11-11 22:03 | Report Abuse

agree.... wait for Rm4.00++....

Posted by Wayne X Siong > 2014-11-11 22:04 | Report Abuse

Now Mazda everyday...... buy BJ auto support Mazda better than support Pxxton

Posted by flatman > 2014-11-11 22:27 | Report Abuse

Yen depreciate again. Good for Bjauto.

http://www.theedgemarkets.com/my/article/dollar-hits-7-year-high-vs-yen-likely-japan-sales-tax-delay

Posted by Mohd Azhan > 2014-11-11 22:32 | Report Abuse

i like

Posted by rlch > 2014-11-11 22:57 | Report Abuse

BJ Auto has gone up too much even BJ Corp think overvalue. Better buy MBM(Perodua) for more upside. Like BJ Auto, MBM also benefit from depreciating Yen plus overwhelming Axia bookings.

Posted by lotusf1 > 2014-11-11 23:38 | Report Abuse

I totlly. Disagrees with Wayne ...let customers decides wht brand they think is best to own...i just wnt to own bja shres n xmazda cars n ride with its growth....Proton cars these days not bad ;rides a lot better n safer too n good handling ,much cheper howver lower resales value compres to Mazda....

Posted by Koay Yi Chuan > 2014-11-12 00:42 | Report Abuse

BJAuto has gone up too much and will continue to go up to the sky (Sorry, sounds like a fanboy). But can't help it. Look at Mazda cars nowadays. They win Toyota/Honda/Nissan hands down in terms of looks, sexiness, drivability (more continental feel compared to typical Japanese light/floating car feel), petrol saving Skyactive.

And their market share is???? A mere 2.1%!! The growth potential will not be in terms of percentage, it will be in terms of multiples. Even if it doubles, it's just slightly below Nissan's 5.9%. And Mazda cars are superior to Nissan cars, anytime. Thus, I will expect Mazda to close the gap to other Japanese makers i.e.Toyota/Honda/Nissan. Another wildcard is Indonesia. If it secures exclusive distributorship in Indonesia, it'll tap into a market with 8.4 times the population of Malaysia. Philippines? Sales growth is rocketing of course. I'm just thrilled at the potential growth that BJAuto is strategically positioned now, and the upcoming Mazda cars are just as stunning! So, I expect its share performance to be just as stunning. All the best guys!

Posted by lotusf1 > 2014-11-12 12:55 | Report Abuse

Seem sales of mazda vehcle is on d rise -you can see increased variants of mazda models on our roads now....
Does tht means cutomers are more attrctd towrds mazda rather hondas,toyotas or nissans..

Posted by Koay Yi Chuan > 2014-11-12 13:46 | Report Abuse

Mazda will eat into the market share of other Japanese cars. Malaysia is always a lagger but catching up with overseas trend. This year alone saw its market share in Malaysia increased from 1.4% to 2.1%. http://www.autoblog.com/2014/04/25/mazda-record-profits-highest-94-years/

Posted by healme > 2014-11-12 18:19 | Report Abuse

next 3.79

Posted by Equityengineer > 2014-11-13 08:00 | Report Abuse

Come on BJAUTO .. Dun turn back today

Posted by 2steps > 2014-11-13 21:37 | Report Abuse

After Vincent Tan, who will sell next?

Posted by 2steps > 2014-11-13 21:37 | Report Abuse

Average target price for Bjauto is 3.54 Its almost there now. Anything above will probably trigger a Sell Call or Drastic Pullback !

Posted by ckl4717 > 2014-11-17 08:56 | Report Abuse

target price will revised according to stock performance and actual company quarter results, so far BJauto has been outperform the analysts estimate, excluding Malaysia growth, we stil can wait for good news from Philippine and Indonesia

Posted by flatman > 2014-11-17 12:08 | Report Abuse

Indonesia ? Have they gotten a distributorship there ?