Some people may strongly think BJF will go into PN17 yet VT is a notable philanthropist. Those people in that camp may increase their bet against VT who's deep pocket but pro cunning in milking minorities with price and value depression. So let's watch this camp keep fighting a lost battle or return in vengeance for getting burnt in previous bets.

Yes but PN17 is still not imminent before other recourse available to the BJF. Privatisation is possible and VT could be mulling at an attractive price as the counter trends lower.

Some global impacts may come before the decision on HSR. Hence more price weakness in the offing in the near to



mid term. The recently released Q4 financial report highlights some current issues which impact the Group performances.

BOJ increased OPR and JPY strengthening is boosting BJL investments in Japan. Four Seasons new developments are taking off and is set to boost BJL share value further.

BOJ just increased OPR and JPY is strengthening that will boost investment values in Japan.

Over the years TSVT had invested largely in few locations namely in Kyoto and Okinawa thru Four Seasons in BJC and BJL. The values of such developments will be soaring tremendously that will boost BJC and BJL share values further from now. Hence the counters are moving in tandem actively.

If YTL Corp is so strong as you wrote why didn't they declare any dividend in their just reported sterling quarter? And not to be discounted that the respective exceptional strong quarter was mainly due to disposal gain from a power unit overseas being a one off gain.

https://www.thestar.com.my/metro/metro-news/2023/02/27/rm160mil-bridge-road-project-boost-for-sepang-folk

Iskandar Malaysia to be special economic region will boost BJAsset since the later has some strategic land currently submerged around Causeway and RTS. The land is also around CIQ and Berjaya Waterfront. The land value will be further boosted with such developments even before new developments on the land. Revaluation of the land will add further to BJA current valie. That bodes well for BJC and BJL from the cross shareholdings despite of the shrinking shares from BJC.

New bridge project costing RM 170 Mil to link Sg. Pelek to Bukit Pelanduk will boost Bandar Springhill new projects.

Properties in Iskandar region are set to get a boost. RTS will further boost connectivity and transportation for dual movements with Singapore. Berjaya Asset has some land currently submerged around existing Causeway.

Iskandar Malaysia to be special economic zone for FDIs.

The BOD is fully responsible and accountable for the financial and operational affairs of the Co. Their performance has been dismal and moreover with the current depressed price level of the stock they'll face shareholders reprisals. They're seeking reappointment in the coming AGM and they're likely to face removal.

Looking at the external auditor limited qualification of the Co accounts FYE Dec 2021 the outcome could be different from what was reported in Feb '22. Hence the heavy plunge last Fri coincided with BNM announcement of 5 successful bidders. Other unsuccessful bidding counters fell likewise but not at such drastic quantum as PUC from last Fri range 0.13 - 0.075! It slipped even further till 0.055 today. Moreover PUC was trading downward over the month prior to BNM announcement. Something very strange and some strong justifications are required to such dire state of PUC.

Counter with audit issue can go as low as anyone's guess. Citing Serba Dinamik's case before suspension.

Beware PUC has audit issue now. Perhaps that's just the beginning when you read the external audit report besides the summary given by the company. Hence the cumulative loses all these years after rights issues and consolidation.

As said announcement was sketchy lacking in material contents. Stock will soften lower in correction mode to cover any lower gaps and weaknesses before any concrete developments.

The announcement is in line with market expectation but has little impact beyond investors anticipation. Merely a streamlining of the group structure with core and non core entities in specific which is seen as not far from the current biz model except to place the group biz in a proper and direct manner without duplication. Yet the plan needs another mid to long term period to fully materialise which seems quite far fetched moreover with market uncertainties. The announcement still lacks a lot of details which will be announced only somewhere in July. Hence it's very sketchy and premature to comment on the Co till more info is avaliable. Should be neutral bias for now before more pertinent details are made avaliable.

sftong2000 No longer

Yes as per the announcements above

Also read this announcement > https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3085807

Besides cash reserve, must also take into account the debts and gearing since after privatisation of subsidiary with more asset values but also higher liabilities directly

If still disbelieve can check with Nex Metal for full details

Read again the announcement attached above > https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3086998

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3086998

Muiprop exited from gold mining interest last year when the Australian counterpart rejected Muiprop's option for loan stock conversion into shares and returned all investment plus interests accrued to Muiprop. Hence, the Co is longer a bet in any gold rally!

Can complain to MSWG?

Finally there's one announcement

Morning share movement doesn't seem good. 0.18 speculators have turned sellers... 0.175 dumped more. Not a good sign may be

Jan 9 is judgement day for JDC. What about STC? Anyone knows about the status?

9 Jan 2020 is for Jeju court judgement

Anyone knows of the outcome of court decision on 25 Nov for STC trial?

Good luck guys as forwarned earlier.

Today BJC is in distribution mode as expected. Once the rollover has completed the stock will go on any direction. So be careful.

No regret. Chances are aplenty. Technical standing and recent purchases of VThighlighted are good hints for you guess to note as caution or buy signal. Some may still argue that VT's own shares may never face margin call which may be proven as given most of his shares pledged to various financial institutions. The details are listed in the annual report and announcements if any changes. It'd be a mistake if some think that VT broking firm only holds and controls all the pledged shares and that's irrelevant to his equity change's except shareholding directly or indirectly. Likewise the sharp price movement from positive to negative in thsee 3 months reflected some bearishment in the counter albeit some of you may still be searching for indicators. Well your guess can be good or bad that will transpire in the following sessions. It's undeniable that VT does have a lot of valuable assets and potential biz in private but logically speaking will VT plan to inject any into the Co. at this point of time? Again keep up with your good guess!

Technically VT new chairmanship stirred BJC to gap up from 0.34. If good development that's a runaway gap. But not long after the rally peaking at 0.41 BJC tumbled all the way to close the lower gap until hitting the 2 year low of 0.305 last week. Technically is that kind of movement for the stock to be still bullish or turning bearish already despite of VT's return to BJC as chairman? Is something brewing in BJC positive or negative since all the gains evaporated until last Fri sudden short rally?

VT shares in all his companies are mostly pledged. The prices of his shares are mostly trading at low end. VT could be buying up shares gradually in rotation to prevent margin call.

Technically chaostrader got it right this time. Just like buy on rumours sell on news!

Rob88 AAX''s turnaround has always been aided by non operational items excluding jet fuel. Even the FY16 was boosted by forex gain as the revenues and profits were mainly in MYR term after translation. But the bulk of the borrowings are in USD hence benefitting from forex gain when USD weakened. Actually when you look at Q4 result the 2nd main contributor is ancillary income. That's the area the management has set their focus currently to stretch the income and profit which is competition free.

AAX is in strong profit taking mode today post Q4 result. I guess majority of you guys would have made handsome gains especially Radzi who prescribed the counter correctly for CNY goreng!

Well the result is within my consensus based on the estimated PAT given by Radzi upon my request after the load factor increase. Q4 EPS RM0.02 and FY17 EPS RM 0.024 provides current PE 20 +-. It's qte lofty at today's price range. On conservative basis the PE would normally be around 5 - 6 for airline counters. Hence needless to ascribe the price for the above. Alternatively if forward PE is looked at, there's vast potential in AAX value going forward and FY18 is set for aggressive expansion as affirmed by the head honcho. The Q4 FY17 result is indeed amazing with the unbelievable turnaround after almost rock bottom depression unexpectedly occurred. Trully immaculate to have a strong figure with classic financial and accouting background to steer across headwinds and turbulence without having to name who!

So let's buy on dip and look ahead in a brand new horizon for AAX!

Huat Huat!

The massive sell down was linked to US Congress impasse in budget approval which triggered extended Government shutdown.

Reading the comments from radzi and blueocean88 on Q4 likely result from the hint given by TF and Benyamin. Well I also did read the article in the Edge on Benyamin''s comment on the expectation for Q4 that's a clean up on AAX balance sheet prior to moving into a very prospective 2018 with extensive routes and fleet expansion. As you read the details in the article what the CEO meant is that they're preparing a kitchen sinking for Q4 2017 and to start on a lean and mean FY 2018. Hence that'll be the implication on the expected Q4 to factor in any negativity.

PeterPan Yes what you mentioned is true. But as long as such cost elements never experience much fluctuation or systematic are still manageable in tandem with growth in passengers except jet fuel costs susceptible to volatility which really test their fuel hedge management efficency. Provided no aggresive price promotion was practiced. As such AAX will only be able to leverage on it's cost management effectively and efficiently when it's fleet starts growing similar to Air Asia's expansion strategically. But on the whole AAX is still far different from AIR ASIA since the latter is diversified into other air related investments to beef its' revenue.

Anyhow since Mr Radzi highlighted some exceptions for a better Q4 performance from the 12% increase in load factor I'd give some due consideration's to relook Q4 with key factors in exceptional profit and EPS which can really uplift AAX price level. It's undeniably an uphill task for that to materialize if an EPS of 4 - 6 sen is recorded in Q4. What a miracle!

To achieve the above figure you can imagine how much PBT is required. Since Mr. Radzi has provided an estimated additionl RM 95M is generated from the 12% up in load factor, let's figure out.

Radzi With that additional RM 95M revenue, what PBT and EPS can be expected at best for Q4 that you can estimate?

Radzi Going by the 12% up in load factor, what revenue could be achieved? With that what profit can be expected and EPS can be derived for Q4?

Radzi your points are noted. Since that's the basis to support your buy call and TP, that will be reflected in the coming sessions whether the rally materialises or not towards CNY. Good insights given. GL and enjoy pancing.

Radzi. ... making a strong buy call never justifies without a TP! It's no difference to a directionless call!

Radzi to complement your buy call for the group what's your tgt price?

Q4 result will be after CNY and after 20th....

Radzi. .. I shall see how your 'sek pan' gonna come. Hopefully it's not bottomless abyss! GL!!

Yeah.... let''s enjoy the thrill Agjl but not the debates.... otherwise radzi will again brand me biased or critic. Haha.... meanwhile you can also fish along with radzi for 'sek pan'!