Profit reduction is mainly due to log and palm oil segment turned into red and Log production slashed by 24% comparing with last year.

No point holding BJCorp if you don't believe it can earn 1 billion profit. Pls keep throwing your shares like no tomorrow... kikiki

Oriental got plenty of lands in Penang acquired few decades ago. They sit on the piggy bank worth more than 2 billion. The management team did not capitalised the golden opportunity of property boom in the past few years. What a pity. It seemed that MUFG was really not happy with the ancient mentality of the management. They have been reducing its stake gradually without a sign of stopping.

VT has squeezed the minority to gather the charity funds before celebrating the Berjaya Founder's Day. Don't worry all your all your losses will go to charity. Many people still won't believe 1 billion profit... kikiki

JTiasa, Rsawit & Subur are all under the control of Tiong's family. The management team of JTiasa & Rsawit suck...

1 billion profit is going to be the real one. If nothing big happen to BJLand (ie impairment of intangible assets), it could mean that BJCorpse is on track to pocket huge profit. The profit or loss contributed from other subsidiaries are negligible. kikiki

Don't be surprised when you heard him say there is a phteraneton living in virgin jungle of Boneo. The phteraneton would fly to Imago to scout for the prey du nighringt time. Lol

Davidchew come here to update us a series of jokes from Imago mall basement flood, worker sabotage, Workers dead, Haunted white shopper, Dragon ghost. There are many to come for instance visitor kidnapping, landslide, USO & UFO, Mountain kk going to explode soon. wakaka

Buy low and keep in the fridge. No eye see.

Who knows this could be another round of 'the wolf is coming. 1 billion profit is evoporated after offset impairments and losses from other hidden business operations. ..kikiki

VT has made a lot of killing in this down trend. When the share prices were riding high at the end of Sep 2014, it suddenly announced a big drop in profit. People pui pui..curse BJCorpse.

kikiki....VT has given a hint that BJCorp would make 1 billion profit. A huge amount but it seems that not many interested in the profit of the company. People are more concerned on the share price. People lose hope on BJCopse. The price of the share remains trading in a narrow range. Nobody want to believe in him. He has toasted the punters and investors from 2010 to 2014. All of them has turned into charcoals or ash....No matter how,VT is a kaki goreng. It's very hard for him to give up this hobby. He would come back to heat up the wok again. kikiki

kikiki....Today would be the last kopek at 41 cents..Next week is the goreng time...kikiki

Everything happens for a reason. That's why we can buy at 41 cents. Looking forward, BJCorp could announce 1 billion profit or 24 cents per share next week. Dare to place your bet on VT? kikiki

Projected EPS: 22.49 cents
Projected PER: 1.9 times
Projected NTA: 1.60
DY: 2.35%

EPS:
31 Jan 15 - 24.0 cents (projection)
31 Oct 14 - 3.13 cents
31 Jul 14 - 0.24 cents
30 Apr 14 - (4.88 ) cents
31 Jan 14 - 0.41 cents

kikiki....BJCorpse disposed one piece of land 10,726 acres for RM 743 million and made a profit of 148 million. It seems a good deal by unlocking the assets of the company. To be honest, this piece of agriculture land was purchase on 18 Nov 1998 for RM 391.5 million. They pumped in RM 116.3 million to convert 3,000 hectare rubber land into palm oil plantation. In the end, BJcorp earned 29% profit from the disposal. What the hack of pocketing a peanut through investing a land for almost 20 years....pathetic or not? How much would you have earned if you sold a piece of land in KL acquired 20 years ago? kikiki

kikiki...please don't stop sliding and keep chasing away the punters...kikiki

kikiki..VT wanted to test your tolerance level before joining 1 billion profit club....kikiki

If you buy the story of 1 billion profit, then buy as many as you could or else throw it back to VT like no tomorrow. kikiki

kikiki....Weak holders are ruuning away now. kikiki

Update financial results of BJCorp

Turnover

Qtr 31-10-14 -2,576m
Qtr 31-7-14 - 2,485m

FY 30-4-14 - 8,729m
FY 30-4-13 - 7,376m
FY 30-4-12 - 7,014m
FY 30-4-11 - 7,043m
FY 30-4-10 - 7,043m


Profit/(loss) attributed to the holders of parent:

Qtr 31-10-14 - 161m (due to gain arising from remeasurement 199m )
Qtr 31-7-14 - 8m

FY 30-4-14 - (160m) (mainly due to impairment of goodwill 186m )
FY 30-4-13 - 75m
FY 30-4-12 - 302m (mainly due to gain on disposal of subsidiary 310m )
FY 30-4-11 - 327m (mainly due to gain on disposal of subsidiary 179m )
FY 30-4-10 - 83m

It seems that BJCorpse will only make good profit when disposing companies or as a result of dilution in its controlling stakes.

Asia's Berkshire Hathaway? Berkshire keeps breaking new high whereas BJCorpse keeps breaking new low level. It's entirely different direction. Don't blow too much water la. You see BJCorp borrowed so much money to buy lands until investors scare like hell. Some more, paying bank interest more than 300 million for a year. How on earth it can make profit each year? Kseng & Orient's lands are deeply undervalued too but their piggy bank got plenty of cash to burn for next few decade.

I respect you man. You bought 300 lots of a counter suffering huge loss. People claimed that it's BJCorpse. I suppose you would have disposed 300 lots.... throwing like no tomorrow. kikiki

Please don't deny the fact that BJCorp's PER is negative -38 times. BCCA. kikiki

You are too optimistic. It suffered huge loss of 250 million in 4th Qtr 14. You see how has BJCorp performed in the past 4 quarters:

EPS:
31 Oct 14 - 3.13 cents
31 Jul 14 - 0.24 cents
30 Apr 14 - (4.88 ) cents
31 Jan 14 - 0.41 cents

kikiki
You know PER ratio of BJCorp? It's not even 100 times or 1,000,000 times. It's negative la... PER -38 times. You may end up owing to BJCorp if you buy the share. Why BJCorp? Please dump BJcorp to teach VT a lesson. kikiki

kikiki

BJCorp is really shit company under the leadership of VT. The price has dropped from 1.9 until 40 cents. VT doesn't even interested to buy back any shares at this price. Do you think this company got future meh? He just bought some at 50 cents last year and no ball to continue buying. How can we be convinced that the price would go up? 1 billion profit? who knows what happen to the financial result of other business...hidden borrowing...hidden creditor...hidden salaries....all sort of hidden expenses. The CFO may abscond before the announcement. In the end, it could turn out to be 1 billion losses for this quarter. Boh chow c a....

kikiki

Please don't stop bad-mouth BJCorp. Keep it up and don't show your mercy and chase away the punters.

ngblg. If 1 billion profit is recognised in P/L, it will become a limelight in financial news. wakaka.

ngblg. It is possible 'gain arising from remeasurement" to be included in P/L. It's a norm to BJCorp to buy & sell or dilute of its business.

In fact, BJCorp recognised 223 million for " loss arising on dilution of interest in subsidiary companies " in P/L for year 2010. In BJAuto case, is it a gain arising on dilution of interest in subsidiary company?

FFB production growth....used to be claimed by a savvy investor 30% CAGR per annum. Jtiasa was able to achieve 1% growth only in year 2014. Where has the remaining 29% gone? The palm oil trees could be gone with the flood. wakaka.

Why Jtiasa? Next target price 1.6 and follow by 1.35. TAAN's PER is 13.5 times only.

ngblg. BJCorp will recognize 1 billion gain from remeasurement in " Investment related income " which is part of P/L items. .

FYI, BJCorp included gain arising from the remeasurement of 199 million (arise from consolidation of BJ Food) in " Investment related income " for its 2nd qtr results.

" (g) On 18 September 2014, BFood announced that it had completed the acquisition of 11,500,000
ordinary shares of RM1.00 each in Berjaya Starbucks Coffee Company Sdn Bhd ("BStarbucks"),
representing the remaining 50.00% equity interest in BStarbucks not owned by BFood, for a total
cash consideration of USD88 million or about RM279.51 million from Starbucks Coffee International,
Inc. Consequently, BStarbucks became a wholly owned subsidiary company of BFood."

Ngblg. Many uncles and aunties don't know BJCorp would announce 1 billion profit yet. Let's see how they would response after reading newspaper boosting BJCorp results. Goreng goreng.. people enjoy it. Kikiki

kikiki

1.goreng stock (In fact, people love quick buck & goreng stock)
2.no fundamentals (1 billion profit and NTA 1.5 not sufficient margin of safety meh?)
3.no revalue asset because of tax (Revalue of land need to pay tax meh?)
4.tan sri is not fool to revalue (VT is too stingy to pay professional fees to carry out revaluation)
5.too many unprofitable business in bjcorpse (Many profitable companies invested ie BJtoto, BJAuto, BJFood, BJAsset, Atlan, Magni, Cosway..)
6.gst shock to retailer business ( GST is almost shock every companies)
7.hidden debt (Who knows all companies could have hidden debt)
8.huge volume share spread (big volume is facilitated share trading)
9.too many frustrated seller on 41,41.5,42,42.5,43 cent (Every counter got its frustrated seller almost all the times)
10.certified stagnant until 2026 (verbal certification is available everywhere )
11.opportunity cost getting expensive the longer you hold (cock sure the share price would go up...unless got money to manipulate it )
12.bjcorpse wont give generous dividend to shareholder (Dividend yield 2.35%. It's better than many companies)
13.certified value trap (verbal certification is available everywhere )
14.denial is dangerous.dont believe and make story when you holding paper loss (please throw at whatever price. I have not collected enough yet)

kikiki

Spending so much time here to bad mouth everyday. I don't think he was offering noble advice. This fellow is probably one of the small shark to collect cheap cheap. kikiki

Why so worry of GST.....6% only. I am living in a country charging 10% GST. It's a norm if you have experienced in foreign country. Soon or later people will get use to it.

tksw. i que at 22 cents.

No worry at this price. I come back again to enjoy the next rally. Last year, I bought 16 cents and sold at 30 cents.

This quarter BJCorp announce 1 billion profit. Another 183 million profit is secured from disposal of land and BJ Food for next quarter. Not too bad.

That's why we got the chance to buy low sell high.

It's still highly overvalued.

1. PER: 50 times
2. DY: 0.6%
3. FFB & Log production declining (It suppose to trend upward)
4. High borrowing of 860 million & it may surpass 1 billion this year
5. Costs/hectare of planted area is much higher than other plantation companies.
6. Insufficient mill capacity to support increase in internal FFB production.

Just make a simple conclusion from talking without facts & figures. BJCorp share price will stay below 0 cents. kikiki

Of course, qtr results must be announced within 2 months after the closing date of each quarter. Other than the 4th qtr result, the CFO doesn't has much pressure to make sure everything is in an order manner before the announcement.

This is not the 4th qtr results. They can close 2 eyes to announce the 3rd qtr results anytime. kikiki

RHB's CFA is really a joker. TP was slashed by 55% base on his over pessimistic assumptions. IS he panic? I would be very happy if I could grab some at price 1.20. JTiasa's net borrowings has climbed to 860 million. With such high level of debt, it's time to call for another a right issue. wakaka.

Asia Pac's earnings have been trending downward for the last few quarters. There is no way for us to buy at current price if the earnings moving upward. It could be an opportunity to grab low price shares given the potential of Imago mall generating recurring income in future.

Update:

P/E: 8.8 times
EPS: 2.67 cents
NTA: 0.39
Unbilled sales: 390 million
Balance of properties to be sold: 125 million
Catalyst: Imago Mall ( estimate rental revenue 70 million per annual in future)

Turnover
Qtr 30-12-14 - 57m
Qtr 30-9-14 - 51m
Qtr 30-6-14 - 62m
Qtr 31-3-14 - 83m
Qtr 30-12-13 - 80m
Qtr 30-9-13 - 86m
Qtr 30-6-13 - 36m
Qtr 31-3-13 - 44m
Qtr 31-12-12 - 32m
Qtr 31-9-12 - 12m
Qtr 30-6-12 - 15m

Profit:

Qtr 30-12-14 - 3.2m
Qtr 30-9-14 - 0.6m
Qtr 30-6-14 - 4.0m
Qtr 31-3-14 - 18.6m
Qtr 30-12-13 - 8m
Qtr 30-9-13 - 9m
Qtr 30-6-13 - 3m
Qtr 30-3-13 - 6m
Qtr 31-12-12 - 0.8m
Qtr 31-9-12 - ( 0.3m )
Qtr 30-6-12 - 0.3m

EPS
Qtr 30-12-14 - 0.33 cents
Qtr 30-9-14 - 0.07 cents
Qtr 30-6-14 - 0.41 cents
Qtr 31-3-14 - 1.91 cents
Qtr 30-12-13 - 0.83 cents
Qtr 30-9-13 - 0.93 Cents
Qtr 30-6-13 - 0.31 Cents
Qtr 31-3-13 - 0.65 Cents
Qtr 31-12-12 - 0.08 Cents
Qtr 31-9-12 - (0.03 ) Cents
Qtr 30-6-12 - 0.03 Cents

Pui is an heavy weight retail investor at almost 70. He doesn't interested in venturing a new business. It is very likely that he would exert more pressure to management for cash distribution or taking it private.

Turnover and profit have not shown any signal of trending downward when comparing qtq. It is very likely coming quarterly results will be better than 4th Qtr 13.

Turnover & (EPS)
30-9-14 - 16m (2.88 cents)
30-6-14 - 12m (2.00 cents)
31-3-14 - 5m (0.48 cents)
31-12-13 - 6m (0.62 cents)
30-9-13 - 9m (1.16 cents)
30-6-13 - 9m (1.22 cents)
31-3-13 - 3m (0.08 cents)

It doesn't mean the company not doing well. This director disposed 865,000 units of shares in early Nov 2014 before announcing good results on 25 Nov 2015.

It would trade above 70 cents if the profit is sustained at high level in coming announcement.