I am not too hooked up on technical analysis although i do look at the patterns for direction clues when the counter has some fundamentals to shout about.

BJCorp is clearly on an uptrend since 25 Aug and it has been 2 months running already. The 20D-SMA has crossed above the 50 & 100D-SMAs and looks set to cross above the 200D-SMA in the next 2-3 days. All these 4 SMAs have hooked up distinctly albeit the 100D one still quite horizontal. The 50D-SMA looks set to cross above the 200D-SMA in two weeks to form the golden cross by which time the price could be around the 0.500 level.

If things really pan out this way, the price would have move 70% and those who needed this bullish signal to make a decision would have missed the early worm.

Incidentally, 2 other counters I am holding have similar patterns, multi-billions issued shares and trading liquidity. AirAsia and UEMS have both been on uptrend since the last week of Aug.

I do talk cock sometimes so don't do as I do.

Already penetrated above the 200-Day SMA for 3 days more than two weeks ago, then fell back below the line to consolidate for 8 days, and the price has re-penetrated above the 200-Day SMA and holding for 2 days now. Bullish volume variations this month.

I mean if and when it trends up.

I am not planning to take profit at 1.00 because I expect much more.

Chairman said for the share price to go up to 1.00, the Vietnam lottery business must be realised. Gentleman's words, ok?

The Volume Weighted Average Price of today's trading currently is 0.4366. The VWAP yesterday was 0.4352.

It's a given fact that those who take greater risks when staking their bets early on unconfirmed info stand to reap or suffer more profits or losses than those who only venture out when the coast is clearer.

When solid news come, many people will be selling.

The next big catalyst will be BJCorp signing of an business cooperation contract with Vietnam Lottery Company to operate a computerized NF lottery system for the whole of Vietnam. On 12 May 2014, BICorp announced the commencement of the business negotiation between the parties concerned after winning the bid.

Rumours were floating around last month about a possible firming up of a deal in Oct. The chairman's comments during last Friday's AGM seem to suggest a near conclusion is in sight.

Beautiful! ☺

MyView, I agree that the time is right to start accumulating BJCorp shares. In the last 2-3 weeks, I had bought in at 0.380, 0.405 and 0.400 levels.

Correction to my earlier post at 1.07 pm on 22 Oct 2915 due to mis-information in i3investor's Research/Financial/Annual Results. Typo error I think.

Dividend paid out should be 2c for FY2011.

VT currently owns 1,023,300,000 direct shares (24.49%) and 1,005,944,632 indirect/deemed interest shares (24.07%) in BJCorp.

A further increase of 50m more shares in his holding before December may bring on new excitement over this counter.

Yesterday the BJCorp-LD closed at 0.660, up from 0.625 on volume of traded 989,700 units.

It was announced today that VT had increased his shareholding in BJCorp by 26m ordinary shares by way of conversion of ICULS -LD yesterday after gaining entitlement of the 7th interest payment on 19 Oct ($650K weekend pocket money for him).

Why VT chosed to convert the ICULs when he can theoretically net more money by selling them straight into the market for cash and buy the mother shares straight off ditto is interesting to note. Perhaps it did not suit his agenda's timeframe since the LDs daily trading volume is low and will take a longer while to dispose without depressing the price. Or, just maybe, he is telling you the mother share's price is mighty low compared to what it will very soon be?!

By the way, VT has increased his holding three times since 29 Jun 2015. He acquired the following number of shares in the KLSE open market recently this year; 4,250,000 on 29 Jun, 1,597,300 on 30 Jun and 1,152,700 on 03 Jul. This time, on the 20 Oct, he increased his shareholding by converting his ICULS-LD into 26m OS. This four transactions totalled 33m new shares or approximately 0.79% of issued capital. If his cumulative shareholding increases by 2% of the issued capital from 09 Jun to 08 Dec 2015, it will trigger a mandatory takeover for the rest of the shares in BJCorp that is not owned by him.

Bought some @0.400 yesterday. Not bad.

Queued to buy @1.48 during closing time yesterday but done @1.46.☺

Yesterday's last minute sell down by EPF or shortsellers?

Actually the total number of treasury shares is 182m costing $130.399m or averaging 71.65c each.

During the years 08, 09 and 11 the dividends dished out were 9, 3.35 and 7 cents respectively. Therefore do not completely discount the possibility of special dividends.

The disposal of the 20,735 acres land in Mukim Sungai Tinggi was completed onn 20 Oct. That means the cash is in the bank already. Surely that is a call for some optismism.

Goreng time?

We need a Gordon Gekko to teach some of our corporate leaders who run deeply undervalued plcs a lesson in corporate brinkmanship and greenmailing. If only we have in our midst a few ruthless raiders with deep pockets or adventurous IBs' backing to create some sparks in our sleepy stockmarket. Yeah, snatch away a plc or 2, cleanup the messy structures, strip down the assets, selloff or fire the non performers and unleash the real value of the companies.

But I digress, haha ...

MyView, I had been taking cursory peeks at this counter since 2006 but never touched it because of VT's reputation in the market until Oct 2014. I started collecting the stock at the 0.480 level during the correction from then's high of 0.605 all the way down to 0.350. My holding is bottom heavy averaging 0.415. I had received a 1c dividend last year, am entitled to receive another 1c this Dec, and had made trading profits of around 3c per share of my holding over the year.

If your entry had been much earlier and average higher, you would have to work harder for more trading profits to make the waiting more palatable.

In the last decade, they have ventured into Vietnam, China, South Sorea and Japan with muted returns so far. Although ambition, courage and drive are not lacking in the management, are they finding the ocean waters too deep to handle compared with the local rivers.

However in fairness, the growth they have achieved largely based on high leverage as the business expanded in the last decade is very commendable (not to mention the hidden real assets value)

I am satisfied with the performance given the parameters they are working with. 1c yearly dividend, more occasionally whenever possible with once a decade harvest bonanza in manifold capital appreciation will be great.

Thanks, rizerlee,

I hear your comments and concur with your points.

Let 's hope for the best.

I am not too hot about AAI and AAJ.

AAI has only been in operations for around 16 months with a current fleet size of only five A320-200. AA is the first foreign airline to setup an affiliate in India. The market environment harsh and competitive, and pricing wars are to be expected. On top of that, there is friction between the 2 local partners.

AAJ is still in the pre-operation stage and is a second attempt at Japan. AA shall have to contend with the almost freakish Japanese obsession with perfection in all things superficial. Everything must look right, shapes. sizes. colour, packaging, rituals, services ... or you lose market share. It is a tall cultural wall to climb before you start blending in.

IAA and PAA have better potential and achievable prospects. Both operations have been up and running for several years now, and the teething problems are done and over with already. The fleet sizes (IAA 29 A320-200, IAA-X 2 A330-300, PAA 28 A320-200) are significant and will contribute meaningfully to the top and bottom lines of AA soon.

IAA was becoming profitable when the unfortunate 28 Dec 2014 Flight 8501 deferred any probable turnaround. Both IAA (revamped with IAA-X) and PAA may be IPO'ed in 2016.

The Malaysian operation of AA and TAA are both sailing smoothly and profitable.

I am holding on to my AA shares long term or until significant adverse news develop. Who knows 3.00 may not be that far away? AA can be a takeover target too.

I enjoyed the beautiful crescendo build-up today from 1.30 to the top at 1.46 and the sudden climactic drop to 1.42. Lovely.

Just go long on AA.

Sliced through 0.395 and 0.420 like butter with a hot knife. Should be the same for 0.450 and maybe 0.470 later. Then the shareholders list built up over the past 12 months will have been given a thorough shakeup ending with a fresh batch of shareholders with new positions.

Uptrend of the decade in progress?

Any comment on Berjaya's GMOC in Yanjiao, Hebei and what is really happening on the ground?

Price is breaking above the 100-day sma today.

Good one, r'Moi

TF and friends do not seem to be holding very much of AA's shares. Is AA ripe as a takeover target? Just wondering.

“The perpetual securities are subscribed by AirAsia Indonesia’s shareholders in proportion to their share ownership. The move further reinforces AirAsia Indonesia’s shareholders’ strong commitment
and support towards the airline’s operations in Indonesia.”

Are the Indon shareholders paying cash to AA when taking up their 51% of the perpetual securities converted from IAA's debt to AA or will the amount due remain as an indefinite debt owed by them to AA?

Will the planned bond exercise to raise working capital still be going ahead?

Sori for the typo error earlier. Should be ...

AA and IAA-X operational fleet sizes are 29 units of Airbus A320-200 and 2 units of Airbus A330-300 resoectively.

If so, price will trend up soon. But I am not sure other people will agree if the pattern I see is an inverted head&shoulder because the shoulders are not deep and obvious enough. A bit of wishful, maybe.

Inverted head and shoulders formation almost completed? : )

IAA and IAA-X operational fleet sizes are 29 units of Airbus A320-200 and A units of Airbus A330-300 resoectively.

I had traded for profits and added more AA shares to my portfolio last week. I am slightly bullish although we are not out of the woods yet. It is good that AA is responding to criticisms positively in strengthening their franchises.

There are gaps in their announced info with respect to meeting the Indon authorities' positive equity requirement before entering this month. I am sure it is being addressed though in a tacit grace period allowed by the authorities.

If you have high a expectation of frequent action happening with this counter, you will be very disappointed and bored. You should have at least a few other counters in your portforlio plus some other activities to keep your body and mind occupied before BJCorp turns out the pleasant surprise that we are waiting for.

Volume and price picking up.

Year end only to see dividend. 1st Qtr results, so so.

Why not? It is a long process and what's the hurry. A number of factors under consideration are still fuzzy so the price is not that cheap anymore like when it was below 1.00. I prefer to be near the lower end of the average trending price when accumulating on such a counter for the longer term.

100K only so far.

Since the 15th of Sep, I have bought at 1.22, 1.21, 1.24, 1.23, 1.33, 1.32, 1.26, 1.28 and 1.27, in that order and am still holding. My average price is exactly 1.257.

If the Ringgit drops further and leads to excessive costs buildup, AA can price their fares accordingly to cover the extra costs outside the normal band of fluctuations allowed in their pricing formulae. I am sure AA will still be competitive since most countries' currencies are moving down against the greenback.

I am concerned that it may not be a transient episode of low Ringgit but the result of PM's high income aspirations whereby salaries and wages have gone up without a matching or out-performing productivity in the last few years.

While our economy has expanded led by increased domestic consumption, not all the increased income has been spent locally. A lot has gone overseas through overseas holidays, imported goods, foreign workers, investments, etc. Due to lack of business opportunities in the country, a lot of capital has moved overseas looking for returns.

However AA has a superb management team which is fairly young and vibrant. They are world beaters and should be versatile enough to adjust to any new changes in their business environment.

I bought some at 1.33 today and am in queue to buy some at 1.30 too.

Today and the next 2 following days' T3 redemption volumes are approximately 82, 96 and 88m respectively. Today's trading volume currently is under 36m with a lowest traded price of 1.32 which is only 3.65% down on a bad KLSE day with only 1 trading day left before the weekend.

Why be so jittery?

Buy AA today and on Friday on dips with longer term horizon and may still enjoy a party next week. Perhaps.

Buy on dips.

Someone is in a hurry.

AirAsia is Air Fernandes more or less. Without Tony at the helm of this corporate ship, it will be tough to hold together much less maintain the growth trajectory.

Downsides will be limited after approval by shareholders because AA can do shares buybacks when the market price drops below fair value.