Starting to look attractive?

Glotec/NuEnergy's Tanjung Enim Commercialisation of Tanjung Enim PSC for 2018

Initial POD in the North & North West area covering 16km2 of Tanjung ENIM PSC, Indonesia.

1. Receives CBM Reserves Certifcation by LEMIGAS:
Tanjung Enim Production Sharing Contract Initial Plan Of Development (POD) Receives Coal Bed Methane Reserves Certification from an Indonesian Authority
http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2821857

2. Received approval for POD preparation by the Indonesian Special Task Force for Upstream Oil and Gas Business Activities (SKKMigas)

http://www.morningstar.com/news/null/SIGNALG_1165812_394464/nuenergy-gas-announces-tanjung-enim-receives-approval-for-pod-preparation.html

3. During the POD preparation, the Glotec/NuEnergy will also confirm target gas buyers and negotiate optimal gas sales agreements.

3. Gas Supply MOU signed with PT Pertamina Gas
https://www.thestar.com.my/business/business-news/2017/09/28/globaltec-nuenergy-gas-pertamina-in-coal-bed-methane-gas-supply-mou/

Pertamina Gas is a company who has focus in midstream sector and downstream of gas industry in Indonesia. This company was a subsidiary of PT Pertamina (Persero) which has a role in gas trading, gas transportation, gas process and gas distribution and other business who has related with natural gas and their inheritance products.

http://www.pertagas.pertamina.com/

2018 Milestones:
1. Secure POD approval
2. Commence Full Field Development
3. Production/Gas Sales - Initial POD sales of 12 MMSCFD for 10 years. Estimated total revenue of ~ US$ 430 Million or RM 1,720 Million.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=81953&name=EA_GA_ATTACHMENTS

Yes, something is pending...the hints are already there...Just wait for more announcements from Glotec/NuEnergy...

"We are into the final stages of the POD preparation (Once the POD is approved, CBM commercial development may commence for that specified resource*.) and look forward to communicating more results."

Quote "The Indonesia CBM reserves certification to be administered by an Indonesian state agency such as LEMIGAS, is one of the required processes in the CBM POD preparation and forms the basis of the overall POD. Once the POD is approved, CBM commercial development may commence for that specified resource.

The CBM reserves certification has concluded with findings of 86.05 Bscf of proved reserves (P1) and 78.84 Bscf for probable reserves (P2) giving a total gas reserves of around 165 Bscf for the * target development areas covering 33 km2 (or 13% of the Tanjung Enim PSC acreage) that would enable NuEnergy to deliver 25 MMSCFD to the market through the development of over 200 wells once the POD is approved.

Commenting on the Indonesian CBM reserves certification by LEMIGAS, NuEnergy Deputy Executive Chairman, Kee Yong Wah said: “This certification is an endorsement and a very clear indicator of the underlying prospects of the Tanjung Enim asset and is in line with our expectation of the coal seams in the South Sumatra region. The Tanjung Enim initial target development area only represents 1.4% of our total South Sumatra PSCs acreage of 2,280 km2 and we are excited about the huge potential of our other South Sumatra PSCs with the expectation that the Tanjung Enim target development area is a representation of the rest of these assets. We are into the final stages of the POD preparation and look forward to communicating more results.”

Please refer the attachment for the full announcement made by NuEnergy.

This announcement is dated 15 January 2018."

Today Sumatec...Tomorrow Glotec?

The price of gas used for cooking and fuel by the industrial and commercial sectors will be increased in 2018, reflecting the higher price of natural gas in the international market.

Among the sectors that will be heavily impacted is the rubber glove industry, which is set to see costs increase by an average of US$0.50 to US$0.75 per 1,000 pieces of gloves, depending on the type of gloves and efficiency of the factories.

He said the increase was significant and that glovemakers would have to pass the additional costs to customers.

Read more at https://www.thestar.com.my/business/business-news/2017/11/30/gas-price-hike-in-2018/#Zr1VIc0scBJ8hD9M.99

Perisai not looking good today...time to move?
http://www.theedgemarkets.com/article/globaltec-shares-rise-after-aussie-unit-gets-indonesian-certification

The next Sumatec :)
http://www.theedgemarkets.com/article/globaltec-shares-rise-after-aussie-unit-gets-indonesian-certification

Goodbye & Thxs Sumatec @11.5 sens! Next...Hello Glotec...

"Acted for Berjaya (China) Great Mall on its sale of the construction project of Berjaya (China) Great Mall Recreation Centre to Beijing SkyOcean International".

Corporate and M&A: PRC firms - ranked: tier 2
Han Kun Law Offices 汉坤律师事务所
https://www.hankunlaw.com/images/office/hk_pic_officebj.jpg

Han Kun Law Offices has a leading presence in the TMT sector, where the team receives a steady flow of instructions from a range of industry players.

Track Record: It advised Uber (China) on its $35bn merger with Didi Chuxing, acted for iDreamSky Technology during its take-private transaction and delisting from NASDAQ, and assisted Tujia.com, China’s largest B2C sharing accommodation platform, with its acquisition of short-term rental website Mayi.com. Other highlights include assisting Karl Lagerfeld with the sale of its China business, advising Taikang Insurance Group on its investment in IHH Healthcare’s China business, and acting for Berjaya (China) Great Mall on its sale of the construction project of Berjaya (China) Great Mall Recreation Centre to Beijing SkyOcean International.

Chaoying Li splits his time between the firm’s Beijing and Shenzhen offices, while Dafei Chen operates from Beijing and Hong Kong. David Tang focuses on corporate compliance, foreign direct investment and cross-border M&A, and ‘corporate star’ Bing Xue specialises in venture capital, private equity and M&A transactions.

Leading individuals
David Tang - Han Kun Law Offices
https://www.legal500.com/firms/32650-han-kun-law-offices/33644-beijing-china

DAFEI CHEN
Han Kun Law Offices - Beijing
Dafei Chen - Han Kun Law Offices
9/F, Office Tower C1 Beijing, Beijing, China 100738
Tel: 8610-85254618 Fax: +86 10 8525 5511 Email: dafei.chen@hankunlaw.com
https://www.chambersandpartners.com/Asia/person/337217/dafei-chen

Agreed...in the meantime to focus more on BJCorp as any actions by TSVT will also benefit BJCorp as the major shareholder of BJland. Good Luck!

Just wondering how U Mobile will fit into Berjaya Group's Restructuring Plan under BJCorp, BJLand & BJAssets?

Quote" U Mobile speeds past 10% market share, nears IPO

“What we spoke of last year remains on track — ebitda (earnings before interest, taxes, depreciation and amortisation) positive by this year and IPO by next year. But we cannot specify whether it is early or late 2018, it all depends on the market,” U Mobile CEO Wong Heang Tuck tells The Edge.

To be sure, an IPO would be aided by at least two stalwart backers — Berjaya Group’s Tan Sri Vincent Tan and Singapore Technologies Telemedia (ST Telemedia), Singapore’s Temasek Holdings-controlled active investor in the communications, media and technology space and the largest shareholder of the city state’s mobile and pay-TV operator, StarHub."

http://www.theedgemarkets.com/article/u-mobile-speeds-past-10-market-share-nears-ipo

With the money received in 2018 from:

1. Jeju Project Compensation of minimum RM542 millions...
2. 60% sales & profits of RM1.18 Billion GDV for Ritz-Carlton Residences as most contract construction cost has been accounted for earlier...

will more than cover the deferment of payment from the China property project disposal...2018 maybe the year for TSVT to restructure Berjaya group including BJCorp, BJland and BJAssets?

Quote "Vincent Tan’s return may signal expansion drive

Tycoon Tan Sri Vincent Tan’s return to the helm of conglomerate Berjaya Corp Bhd has fuelled talk of possible major developments in the near future, including overseas expansion.

On Nov 1, after more than five years in retirement, Berjaya Corp announced Tan’s return to the board of directors as executive chairman. His son, Datuk Seri Robin Tan, 43, will relinquish his position as group chairman while retaining his position as CEO."

http://www.focusmalaysia.my/Mainstream/vincent-tan-s-return-may-signal-expansion-drive

run already...time to invest in other sunken treasures buried in the deep sea.
Everyday needs to dive deeper and deeper to find it.

check comments :)

ah hah...already 100% profit...should take back some capital first and invest only the profits..:)

More information for sharing....

The Berjaya Group accounted for the construction and development of the Ritz-Carlton Residence in accordance with MFRS 111 and MFRS 118 (to be replaced by MFRS 15: Revenue from Contracts with Customers), whereby Revenues from the sale of units can only be recognized once the unit is sold and handed over to the buyer. While Construction Contract Contract costs are recognised as expenses in the period in which they are incurred.

"That's why the Sales & Profits don't seen to be included ( recognised) in BJCorp/ BJLand earlier Quarterly Financial Reports (until Ritz Carlton Residences is handed over on Dec 08 2017 to the Buyers).

However all the construction contract cost for development of Ritz-Carlton Residence has been recognised as expense in the period they were incurred earlier.

Refer Pg. 54 BJCorp Annual Report 2016

The potential compensation from Jeju Land Project to be awarded by the Korean Court in 2018 could be in the region of RM541,965,000 for BJLand & BJCorp!

NOTES TO THE FINANCIAL STATEMENTS - 30 APRIL 2016
(l) Status of Berjaya Jeju Resort Limited (“BJR”) project

BJR has previously commenced development activities on Jeju Island, South Korea (“Jeju Project”) over certain parcels of land purchased from Jeju Free International City Development Center (“JDC”) in 2009. These lands were expropriated by JDC from various landowners. On 20 March 2015, the Korean Supreme Court ruled that the expropriation of the lands by JDC from these landowners was invalid. As explained in Note 42(6), BJR has suspended the development of the Jeju Project due to the breach of the terms and conditions of the land sale and purchase agreement (“Land SPA”) by JDC when it failed to deliver unencumbered titles to the said lands to BJR.

BJR has commenced legal proceedings against JDC seeking compensation for damages incurred which include the costs incurred by BJR in developing the Jeju Project. The outcome of the legal proceedings will determine whether BJR is able to recover the costs amounting to RM541,965,000 incurred to-date on the development of the Jeju Project.

Based on the legal opinion obtained from its lawyers, BJR has determined that it has the legal right to claim for damages under the Land SPA, Korean Civil Code and case precedents established in the Korean Courts. BJR’s lawyers have also opined that it is probable that BJR will prevail in its lawsuit against JDC on the claim for costs incurred.

Refer Pg. 60 BJCorp Annual Report 2016
http://www.berjaya.com/pdf/annual-reports/bjcorp16.pdf

Thanks for sharing information on the response from TSVT's son during the last AGM with regards to the confirmation on getting compensation from the Jeju Project at full cost...based on Berjaya's legal experience the estimate time frame is approximately 3 years...

Since first legal proceeding commence on 6 November 2015 and since the land price appraisal report of the Jeju Project has been completed by the Korean court appointed land appraisal company and the land price appraisal report has been submitted directly to the court for consideration as of end 2016 and reported in BJLand quarterly report ended 31 Jan. 2017?

The Announcement of the Jeju Land Project Compensation to BJLand for losses and damages incurred, by Korean Court should be due in 2018...as approximately 3 years already?

Quote "Based on the legal advice in respect of the legal proceedings and the eventual enforcement of the claim award, the
BLand board of directors estimated that the reasonable time frame to recover the outstanding Final Instalment is approximately 3 years"

Refer Pg. 10
BERJAYA CORPORATION BERHAD
UNAUDITED INTERIM FINANCIAL REPORT FOR THE PERIOD ENDED 31 OCTOBER 2017
NOTES TO THE INTERIM FINANCIAL REPORT
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5650097

The Berjaya Group accounted for the construction and development of the Ritz-Carlton Residence in accordance with MFRS 111 and MFRS 118 (to be replaced by MFRS 15: Revenue from Contracts with Customers), whereby Revenues from the sale of units can only be recognized once the unit is sold and handed over to the buyer. While Construction Contract Contract costs are recognised as expenses in the period in which they are incurred.

"That's why the Sales & Profits don't seen to be included ( recognised) in BJCorp/ BJLand earlier Quarterly Financial Reports (until Ritz Carlton Residences is handed over on Dec 08 2017 to the Buyers).

However all the construction contract cost for development of Ritz-Carlton Residence has been recognised as expense in the period they were incurred earlier.

Refer Pg. 54 BJCorp Annual Report 2016

The potential compensation from Jeju Land Project to be awarded by the Korean Court in 2018 could be in the region of RM541,965,000 for BJLand & BJCorp!

NOTES TO THE FINANCIAL STATEMENTS - 30 APRIL 2016
(l) Status of Berjaya Jeju Resort Limited (“BJR”) project

BJR has previously commenced development activities on Jeju Island, South Korea (“Jeju Project”) over certain parcels of land purchased from Jeju Free International City Development Center (“JDC”) in 2009. These lands were expropriated by JDC from various landowners. On 20 March 2015, the Korean Supreme Court ruled that the expropriation of the lands by JDC from these landowners was invalid. As explained in Note 42(6), BJR has suspended the development of the Jeju Project due to the breach of the terms and conditions of the land sale and purchase agreement (“Land SPA”) by JDC when it failed to deliver unencumbered titles to the said lands to BJR.

BJR has commenced legal proceedings against JDC seeking compensation for damages incurred which include the costs incurred by BJR in developing the Jeju Project. The outcome of the legal proceedings will determine whether BJR is able to recover the costs amounting to RM541,965,000 incurred to-date on the development of the Jeju Project.

Based on the legal opinion obtained from its lawyers, BJR has determined that it has the legal right to claim for damages under the Land SPA, Korean Civil Code and case precedents established in the Korean Courts. BJR’s lawyers have also opined that it is probable that BJR will prevail in its lawsuit against JDC on the claim for costs incurred.

Refer Pg. 60 BJCorp Annual Report 2016
http://www.berjaya.com/pdf/annual-reports/bjcorp16.pdf

The Ritz-Carlton Residences, Kuala Lumpur, Jalan Sultan Ismail is developed by Wangsa Tegap a subsidiary of BJCorp on "The Land" owned by BJLand, that's why it was mentioned by Edge Property that Berjaya Land Bhd has reintroduced its Ritz-Carlton Residences Kuala Lumpur, located at the intersection of Jalan Sultan Ismail and Jalan Ampang, with new interior design concepts. So any sales and profits from the Ritz-Carlton Residences will also accrue to both BJCorp & BJLand.

See BJLand's extensive Land Bank in KL and Malaysia
https://klse.i3investor.com/files/my/blog/img/bl1338_screen_shot_20160731_at_1.28.18_pm.png

https://klse.i3investor.com/blogs/icon8888/99941.jsp

Today's 710,327,800 share volume really hot!

We think the profits from sales of Ritz Carlton Residences will be reflected in BJLand/ BJCorp coming qtr results?

The total gross development value (GDV) is RM1.18 billion. Already 60% sold in Dec. 2017?

"kahhoeng Read in Focus, Ritz Carlton Residences is only handed over on Dec 08 last year, no wonder sales figures and profits not shown in the quarterly results..."

Quote "Berjaya Land reintroduces newly designed Ritz-Carlton Residences Kuala Lumpur

Berjaya Land Bhd has reintroduced its Ritz-Carlton Residences Kuala Lumpur, located at the intersection of Jalan Sultan Ismail and Jalan Ampang, with new interior design concepts.

The luxury residences are designed by world-renowned, multi-award winning interior design firm Peter Silling & Associates.

“Buyers can now choose from three interior design concepts — Modern, Classic and Finesse — to match their own individual styles," said Berjaya Land CEO and director of Wangsa Tegap Sdn Bhd Datuk Francis Ng in his welcoming remarks at the media preview of the newly designed project.

The 48-storey project offering residential suites is developed by Wangsa Tegap, a wholly-owned subsidiary of Berjaya Corp Bhd. The total gross development value (GDV) is RM1.18 billion.

Sitting on a 2.7-acre freehold site and one of the two towers at Berjaya Central Park, the Ritz-Carlton Residences consists of 288 suites with unit sizes ranging from 1,023 sq ft to 4,284 sq ft. Prices start from RM2,500 psf while the maintenance fee is RM1 psf.

“The residences are slated for completion by 1Q2017 as it is now 91% to 92% completed. The current take-up rate is at 30% so we are eyeing to achieve another 30% — making it 60% by this year end.

“Also, the tenant ratio is 50% foreigners and 50% locals. This development is targeted at high-net-worth individuals where 30% of our buyers are actually multimillionaires,” he claimed."

https://www.edgeprop.my/content/888755/berjaya-land-reintroduces-newly-designed-ritz-carlton-residences-kuala-lumpur

We think the profits from sales of Ritz Carlton Residences will be reflected in BJLand/ BJCorp coming qtr results?

The total gross development value (GDV) is RM1.18 billion. Already 60% sold in Dec. 2017?

"kahhoeng Read in Focus, Ritz Carlton Residences is only handed over on Dec 08 last year, no wonder sales figures and profits not shown in the quarterly results..."

Quote "Berjaya Land reintroduces newly designed Ritz-Carlton Residences Kuala Lumpur

Berjaya Land Bhd has reintroduced its Ritz-Carlton Residences Kuala Lumpur, located at the intersection of Jalan Sultan Ismail and Jalan Ampang, with new interior design concepts.

The luxury residences are designed by world-renowned, multi-award winning interior design firm Peter Silling & Associates.

“Buyers can now choose from three interior design concepts — Modern, Classic and Finesse — to match their own individual styles," said Berjaya Land CEO and director of Wangsa Tegap Sdn Bhd Datuk Francis Ng in his welcoming remarks at the media preview of the newly designed project.

The 48-storey project offering residential suites is developed by Wangsa Tegap, a wholly-owned subsidiary of Berjaya Corp Bhd. The total gross development value (GDV) is RM1.18 billion.

Sitting on a 2.7-acre freehold site and one of the two towers at Berjaya Central Park, the Ritz-Carlton Residences consists of 288 suites with unit sizes ranging from 1,023 sq ft to 4,284 sq ft. Prices start from RM2,500 psf while the maintenance fee is RM1 psf.

“The residences are slated for completion by 1Q2017 as it is now 91% to 92% completed. The current take-up rate is at 30% so we are eyeing to achieve another 30% — making it 60% by this year end.

“Also, the tenant ratio is 50% foreigners and 50% locals. This development is targeted at high-net-worth individuals where 30% of our buyers are actually multimillionaires,” he claimed."

https://www.edgeprop.my/content/888755/berjaya-land-reintroduces-newly-designed-ritz-carlton-residences-kuala-lumpur

woa...10 sens already...

Already anticipated the rebound...

will rebound again like the last time?

last time only bought 1000K @ 5 sens...just wondering how high it will go this time?

wah...hot today...

LAND & PROPERTY RELATED?

1. Can anyone find out the latest update on the award of Jeju Land Project Compensation to BJLand/ BJCorp for losses and damages incurred by the Korean Court? It's already coming to Year 3 since the first legal proceeding commence on 6 November 2015.

Once the Korean Court awards the Jeju Land Project Compensation in 2018, there could be a huge exceptional gain/ reversal of impairment provisions on the Jeju Land Project to BJLand/ BJCorp's latest financial account in 2018?

"The Seoul Central District Court was accordingly informed of the abovementioned developments during the first court hearing of the JDC Lawsuit held on 7 March 2016. " This Announcement is dated 23 March 2016
http://www.bursamalaysia.com/market/listed-companies/company-announcem...

2. At the sixth court hearing on 14 October 2016, the presiding judge had agreed to BJR's application to conduct a land price appraisal of the Jeju Project. The presiding judge had also made an inspection of the Jeju Project site on 25 November 2016. As at the date of this announcement, the land price appraisal report of the Jeju Project has been completed by the court appointed land appraisal company and the land price appraisal report has been submitted directly to the court. The JDC Lawsuit is still on-going.

3. Announcement of Jeju Land Project Compensation to BJLand for losses and damages incurred, by Korean Court in 2018 (land appriasal report submitted to Korean court for consideration in December 2016?) since the land price appraisal report of the Jeju Project has been completed by the court appointed land appraisal company and the land price appraisal report has been submitted directly to the court for consideration as of end 2016 and first reported in BJLand quarterly report ended 31 Jan. 2017?

refer page 20. Berjaya Corporation Berhad
Date: 28 December 2017
Subject: UNAUDITED QUARTERLY (Q2) INTERIM FINANCIAL REPORT FOR THE PERIOD ENDED 31 OCTOBER 2017
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5650097

Ah...10 Years Ago...It's great fun to read the chain of news and events following a stock over the years.

No joke.

Take the Berjaya Land story.

Let me say this again. Anyone who had purchased this stock early in 2007, would have been laughing all the way to the bank by end Dec 2007.

Could History Repeats Itself? Anyone who had purchased this stock in late 2017, would be laughing all the way to the bank by mid 2018?

Refer
http://whereiszemoola.blogspot.my/2009/03/looking-back-at-berjaya-land-part-i.html

http://whereiszemoola.blogspot.my/2009/03/looking-back-at-berjaya-land-part-ii.html

LAND & PROPERTY RELATED?

1. Can anyone find out the latest update on the award of Jeju Land Project Compensation to BJLand/ BJCorp for losses and damages incurred by the Korean Court? It's already coming to Year 3 since the first legal proceeding commence on 6 November 2015. Once the Korean Court awards the Jeju Land Project Compensation in 2018, there will probably be an extraordinary gain/ reverse of impairment provisions on the Jeju Land Project in BJLand/ BJCorp's latest financial account?

"The Seoul Central District Court was accordingly informed of the abovementioned developments during the first court hearing of the JDC Lawsuit held on 7 March 2016. " This Announcement is dated 23 March 2016
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5038553

2. At the sixth court hearing on 14 October 2016, the presiding judge had agreed to BJR's application to conduct a land price appraisal of the Jeju Project. The presiding judge had also made an inspection of the Jeju Project site on 25 November 2016. As at the date of this announcement, the land price appraisal report of the Jeju Project has been completed by the court appointed land appraisal company and the land price appraisal report has been submitted directly to the court. The JDC Lawsuit is still on-going.

3. Announcement of Jeju Land Project Compensation to BJLand for losses and damages incurred, by Korean Court in 2018 (land appriasal report submitted to Korean court for consideration in December 2016?) since the land price appraisal report of the Jeju Project has been completed by the court appointed land appraisal company and the land price appraisal report has been submitted directly to the court for consideration as of end 2016 and reported in BJLand quarterly report ended 31 Jan. 2017?

refer page 20. Berjaya Corporation Berhad
Date: 28 December 2017
Subject: UNAUDITED QUARTERLY (Q2) INTERIM FINANCIAL REPORT FOR THE PERIOD ENDED 31 OCTOBER 2017
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5650097

The problem with BJLand is that there not much public spread and liquidity...as 78.8% BJLand shares already controlled by TSVT & BJCorp...so in order to press down the price today...the Proxies has no choice but to sell a large 2,000 lot at 12.16:07 followed by another 2,000 lot at 12.27:27...the 3rd 2,000 lot was sold at 16.36:25...the 3 large lots already accounted for 6,000/11,610 x 100 = 51.68% of the shares sold by the proxies to each other...as not many minority shareholders are selling since the price is already at historic low?

Also the 2 major issues involving legal pursuits already provided for impairment provisions by BJLand and BJCorp is already discounted by the market earlier.
1. Great China Mall impairment in 2017 (balance of payment guaranteed by Chairman & major shareholder of SkyOcean)
2. Jeju Land impairment in 2016 (favourable court ruling on compensation soon?)

Also one must remember that even TSVT though is the major shareholder, he only owns 1.374% direct interest...the balance of 77.461% is owned by BJCorp...most of us are both shareholders of BJLand and also BJCorp...so any actions of benefit to TSVT and BJCorp i.e Privatisation also benefits us as shareholders of BJCorp & BJLand...Then most of BJLand shares has been charged as collaterals for bank loans by TVST & BJCorp...so the proxies can't afford to press the price too low...as it may trigger margin calls by the Banks which will directly affects TSVT & BJcorp financial standing...which is akin to the "Chicken-and-egg" situation?

They also can't keep the price low (hoping the minority shareholders will sell their shares cheap) for too long without losing the narrow "Window of Opportunity" to make their next corporate moves before GE14 due by June 2018 but most probably could be called as early as after CNY!

Quote "calvintaneng correct! i think the impairment on China Great Mall non payment is grossly overstated.

There should be a provision in S&P stating interest penalty for late overdue payment.

All Banks and Finance Companies charge for late payment. Govt even charge interest penalty on late payment for quit rent and assessments.

Since SkyOcean is listed in Hong Kong the recourse to claims by law is very possible.
if no payment Bj Corp can file writ of seizure and resell the property to others... deducting all legal costs with interest and recover all in full. So the impairment is highly reversible.

SO ANY PERCEIVED WEAKNESS IS AN OPPORTUNITY TO BUY MORE LAGGARD BJ CORP SHARES!"

Then we will wait for the long haul and averages down along the way since there is intentional efforts to press down the price...but as long there is support for BJCorp which has an even bigger impairment provision but price still steady, BJLand price shouldn't fluctuates too much since 2018 is the year for TSVT to prove his mettle as the come back kid...

Yup...that's why we think there are 2 proxies or more...as one normal account max. only can buy or sell 5,000 lots at one time...TVST will cultivate political connections with just anyone who can further his business ambitions...that's why he is friends with both sides including Johor YM...

Berjaya: from zero to hero
Wednesday, 02/15/2017, 12:39

With investments in real estate, finance, and most recently lottery, chairman Vincent Tan showed his ambition to expand Berjaya Corporation’s footprint in Vietnam.

http://english.vov.vn/investment/berjaya-from-zero-to-hero-343466.vov

Business must be good for BJLand to set up so many new subsidiary companies to cater for recreational activities for tourism?

"The Board of Directors of Berjaya Land Berhad (“BLand”) is pleased to announce that
BLand had incorporated the following new subsidiaries under the Companies Act 2016 (the
“Incorporation”):


Ever Revenue Sdn. Bhd. (ERSB) & Ever Perpetual Growth Sdn. Bhd. (EPGSB) are wholly owned subsidariries of Tionman Island Resort Berhad which in turn is an 86.25% owned subsidiary of BJLand.

Infinity Worth Creation Sdn. Bhd. (IWCSB) is wholly owned by KDE Recreation Berhad, a wholly owned subsidiary of Berjaya Vacation Club Berhad, which in turn is a wholly owned subsidiary of BJLand."

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5646225

Quote "calvintaneng VERY GOOD NEWS AS INBOUND TOURISTS JUMPED!!!

1) TOURISTS WILL BUY MORE STUFF FROM 7 ELEVEN AS THEY ARE EASILY LOCATED

2) TOURISTS WILL DRINK STARBUCKS COFFEE

3) TOURISTS WILL EAT AT KENNY ROGERS CHICKEN (HEALTHY & GOOD)

4) TOURISTS WILL EAT AT WENDY & DOKIN DONUTS

5) TOURISTS WILL EAT AT PAPA JOHN PIZZA

6) TOURISTS WILL VISIT COLMAR TROPICAL REPORT OF BERJAYA HILLS

7) TOURISTS WILL SHOP AT BERJAYA WATERFRONT CITY & BERJAYA TIMES SQ

8) TOURISTS WILL STAY AT BERJAYA TIOMAN, REDANG, LANGKAWI & OTHERS

9) SO GO GO BJ CORP!!! "

See
https://www.theedgemarkets.com/article/malaysia-airports-hit-record-9654-mil-2017-driven-international-traffic

I think the Proxies...maybe 2 of them are trading from left to right again...

Btw Bursa already up 4.9 points to 1,821.78 and all the bad news has been discounted long time ago...should see some real action come CNY...

Quote" calvintaneng GOOD MORNING,

DON'T BE AFRAID TO BUY THEM ALL BJ COS WHILE CHEAP!

BETTER BUY JAKS CHEAP AT 40 SEN THAN TO CHASE JAKS AT RM1.60

BETTER BUY MASTEEL AT 66 SEN THAN TO CHASE MASTEEL AT RM1.70

SO BEST TIME IS NOW TO BUY LOW!!!"

If you think BJCorp's price movement is strange...BJLand is stranger still...could be a prelude to TVST's next big move for 2018 before CNY?...BJAsset's price is also almost in line already...

This good news?

Since Salcon boss substantial shareholder of Fitters for pvco pipe replacement?

Salcon bags Selangor pipe replacement contract
PETALING JAYA: Water and wastewater engineering company Salcon Bhd

Salcon has hit a hat-trick this year after securing a third contract worth RM17.16mil from Pengurusan Air Selangor Sdn Bhd.
https://www.thestar.com.my/business/business-news/2017/11/17/salcon-bags-selangor-pipe-replacement-contract/

Yes...Just hold tight to all your BJLand shares and we will wait together until TSVT makes his next move and show his cards on BJLand soon...In the meantime the current price is already at the all time low...accumulate as much you can afford...We are sure that your won't regret this chance given by TSVT in his moves to lock up BJLand soon?

We guess the Proxy who is entrusted to press down the share price (since all negative news has been discounted) to achieve his Objective, is one or more of TSVT's younger scions? Cheers!
https://en.wikipedia.org/wiki/Vincent_Tan

Value Investing on BJLand - Higher Returns with Lower Risk

For the Value Investor, the risk of losing money is low. AT 36.5 ~ 37 sens, BJLand is trading at a historic low, below it's intrinsic share value...the likelihood that the price of BJLand continues to decline is low as it's still a profitable business. That's why the Value Investor doesn’t mind if the stock should fall in the short-term. He uses these set backs as a buying opportunity to accumulate even more shares of BJLand. The Value Investor knows that in the long run, the price of BJLand will rise again and provide above-average returns for the Value Investor.
https://www.gurufocus.com/news/619583/value-investing--higher-return-with-lower-risk

See BJLand's 52 weeks Lowest & Highest 5 years share price trend from 2013 to 2017
2017 - Lowest 36 sens / Highest 66 sens [Profit for the year RM 411,221,000]
2016 - Lowest 56 sens / Highest 76 sens [Loss for the year RM (165,024,000)]
2015 - Lowest 63 sens / Highest 83 sens [Loss for the year RM (161,828,000)]
2014 - Lowest 75 sens / Highest 88 sens [Profit for the year RM 309,213,000]
2013 - Lowest 76 sens / Highest 93 sens [Profit for the year RM 296,775,000]

"We think TSVT is cooking up something with BJLand in 2018 before GE14 to be held soon...Buy as much as you can...as BJLand Intrinsic share value is RM0.92 per share (according to icon8888 with his 'Neutral & Objective Assessment" since not interested in BJLand)...before the cheap supply dries up and before more foreign investors come into Bursa! As TSVT & BJCorp already holds move than 78.8% BJLand shares (purchased at an average price of 70 sens per share) there is not much free floating shares left on Bursa for cheap sale before TSVT locks everything up...

Sum of Parts for BJLand = Adjusted Assets - Adjusted Liabilities
= RM9.163 billion - RM4.564 billion
= RM4.599 billion.
Divided by 5 billion BJ Land shares, Intrinsic Value = RM0.92 per share.
https://klse.i3investor.com/blogs/icon8888/99941.jsp

Even TSVT bought 6,317,600 BJLand shares at 48 sens per share in the latest off market transaction on 15 November 2017 for his latest project?

Name of Affected Person: Tan Sri Dato' Seri Vincent Tan Chee Yioun
Date of Transaction: 15.11.2017
Price per share: RM0.48
No. of shares acquired: 6,317,600
% of Ordinary shares: 0.127
Tan Sri Dato' Seri Vincent Tan Chee Yioun
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5605153

Quote "calvintaneng Hi guys,

Hold tight all Bj Corp stocks of Great Value

The Trend is starting. Rotation from frothy Growth Stocks into Value Stocks"

See
"Why investors should continue rotating from growth into value stocks
Rebecca Ungarino | @ungarino
Published 10:32 AM ET Fri, 8 Dec 2017
CNBC.com"
https://www.cnbc.com/2017/12/08/why-investors-should-continue-rotating-from-growth-into-value-stocks.html

Maybe...however one must consider that Berjaya Group always provides for reversible provisions on impairments in their annual accounts...that's why there are so many restatements (due to Quarterly unaudited creative accounting)?... also the 52 weeks high and low share price from 2013 to 2017 should tell us something...considering that 2017 was a profitable year?

Can anyone explain this observation then? Since BJLand is 78.8% owned by BJcorp & TSVT...

Quote "Just noticed an interesting observation...Apparently BJLand always restates it's Annual Audited Accounts.

The year end for 2017, marks the historical low of 36 sens for BJland even with an increased Revenue of RM6,371,366,000 and Profit for the year of RM411,221,000. If you observe carefully, BJLand made losses in 2015 & 2016 but the lowest share price of BJLand for 2016 is 56 sens, while for 2015 was 63 sens, which is very much higher than the historical low of 36 sens for 2017 when BJLand actually made an annual profit of RM411,221,000.

Since 36 sens is already the historical low..more downside is limited, with opportunities to accumulate at the lowest price if there are willing sellers as all provisions for impairments has been discounted up to the year 2017. Once the provisions for impairments is reversed in 2018 with the recovery of all profits due to BJLand, the average Target Price upside potential for BJLand will be very good..

According to : https://klse.i3investor.com/servlets/ptg/4219.jsp
Last Price Avg TP Upside
0.36 0.77 +0.41 (113.89%)

The summary as follows:
2017
Revenue RM6,371,366,000
Profit/(Loss) for the year RM 411,221,000
52 weeks Lowest 36 sens / Highest 66 sens

2016 (Restated)
Revenue RM6,283,997,000
Profit/(Loss) for the year RM (165,024,000)
52 weeks Lowest 56 sens / Highest 76 sens

2015 (Restated)
Revenue RM5,910,163,000
Profit/(Loss) for the year RM (161,828,000)
52 weeks Lowest 63 sens / Highest 83 sens

2014 (Restated)
Revenue RM5,021,299,000
Profit/(Loss) for the year RM 309,213,000
52 weeks Lowest 75 sens / Highest 88 sens

2013 (Restated)
Revenue RM4,246,613,000
Profit/(Loss) for the year RM 296,775,000
52 weeks Lowest 76 sens / Highest 93 sens"

http://www.berjaya.com/berjaya-land/berjaya-land-financial-summary.html

With similar pricing for both Berjaya Group Value Stocks...the buy queue is very much shorter at BJLand...the rebound would also much faster and more furious?

Recap on BJLand Sungei Besi Land Development...

"Court decides in BJLand’s favour on Selangor Turf Club issue
The long-delayed plan to relocate the Selangor Turf Club (STC) premises from Sungei Besi to a bigger land in Sungai Tinggi is set to move forward, spurred by a court ruling.

(BJLand) said its subsidiary Berjaya Tagar Sdn Bhd (BTSB) had won a judicial review against the Selangor state government and other relevant authorities, as it sought to move forward the approval process and procedures for the project".

"In 2004, Berjaya Tagar had entered into an agreement with STC for the acquisition of three parcels of leasehold land measuring a total of 245 acres in Sungai Besi for RM640 million, of which RM35 million will be paid in cash and the balance of RM605 million will be satisfied by a transfer to STC of 750 acres of land in Bukit Tagar with a newly built turf club."

BJL和双溪贝西土地开发公司总结

“法院认定BJLand对雪兰莪州草地俱乐部有利
将雪兰莪州草皮俱乐部（STC）场地从双溪贝西迁至双溪丁宜大片土地的长期计划，将由法院裁决推动。

BJLand）表示，其子公司Berjaya Tagar Sdn Bhd（BTSB）赢得了对雪州政府和其他相关部门的司法审查，因为它试图推进该项目的审批程序和程序“。

“2004年，Berjaya Tagar与STC达成协议，以6.4亿令吉收购位于Sungai Besi的总面积为245英亩的三幅租赁土地，其中RM3500万将以现金支付，其余RM650 million令吉 将在新建的草地俱乐部转让给STC 750英亩的Bukit Tagar土地。

https://www.thestar.com.my/business/business-news/2017/11/11/court-decides-in-blands-favour-on-selangor-turf-club-issue/
http://www.theedgemarkets.com/article/berjaya-land-wins-judicial-review-proceed-construction-new-selangor-turf-club

"Generally, the Sungai Besi Highway (Besraya) can be divided into North, Central and South sectors. For now, the Northern sector is mostly occupied by industrial factories along Jalan Chan Sow Lin, but with the the proposed Bandar Malaysia development taking off, it will subsequently enhanced the commercial value of the area. In the middle of Sungai Besi is residential suburbs such as Desa Petaling and Salak South, while the Bandar Tasik Selatan, where the integrated transportation terminal – Terminal Bersepadu Selatan (TBS) is located. Further South, one can find the Selangor Turf Club (STC) and Taman Tasik Damai, where there is the Lake Fields gated and guarded residence, before the road continues to Balakong, Serdang and Kajang"

Lake Fields gated and guarded residence near Selangor Turf Club (STC) and Taman Tasik Damai, where transacted land price was RM604 per sq. ft. in 2015.
http://propertyinsight.com.my/wp-content/uploads/2017/05/Screen-Shot-2017-05-09-at-9.51.29-PM.png

SUNGAI BESI: ONCE A TIN MINE, NOW A PIECE OF GOLDEN REAL ESTATE
“Sungai Besi has a new lease of life as all the economic centres are moving towards the southern region of Kuala Lumpur. It is poised to become a central business district for the country. With the emergence of Tun Razak Exchange (TRX), the city’s financial district and Bandar Malaysia, there will be an immense growth within the central business district coupled with good connectivity such as the Terminal Bersepadu Selatan (TBS) and a few major highways, Sungai Besi will certainly be a gem in Kuala Lumpur. All the other measures taken within the surrounding area has become a catalyst to upcoming developments.”

Bandar Malaysia in Sungei Besi, three kilometers away from its twin project Tun Razak Exchange, is set to have the most innovative urban solutions for liveability in a new urban ecosystem, relooking at the relationship between people, buildings, traffic and nature in the capital city.

“A modern metropolis with high quality living and good connectivity.” That is how the Prime Minister sees Bandar Malaysia – soon to be transformed from the existing Sungai Besi Airport.

The Government expects the development to bring in a huge amount of foreign direct investments, (FDIs) starting with the US$2bil (RM8.14bil) by CREC to build its integrated office complex there.

There is also the Kuala Lumpur–Singapore High Speed Rail (HSR) project, which will definitely add more investment value to Sungai Besi area. The project was announced by the Prime Minister in September 2010 and supposedly connects Kuala Lumpur and Johor Bahru with Singapore. On 19 February 2013, Singapore and Malaysia had officially agreed to build a high-speed rail link between Kuala Lumpur and Singapore by 2022, with work scheduled to commence next year.
http://propertyinsight.com.my/blog/sungai-besi-once-a-tin-mine-now-a-piece-of-golden-real-estate/
http://propertyinsight.com.my/area-focus/sungai-besi/

Recap on BJLand Sungei Besi Land Development...

"Court decides in BJLand’s favour on Selangor Turf Club issue
The long-delayed plan to relocate the Selangor Turf Club (STC) premises from Sungei Besi to a bigger land in Sungai Tinggi is set to move forward, spurred by a court ruling.

(BJLand) said its subsidiary Berjaya Tagar Sdn Bhd (BTSB) had won a judicial review against the Selangor state government and other relevant authorities, as it sought to move forward the approval process and procedures for the project".

"In 2004, Berjaya Tagar had entered into an agreement with STC for the acquisition of three parcels of leasehold land measuring a total of 245 acres in Sungai Besi for RM640 million, of which RM35 million will be paid in cash and the balance of RM605 million will be satisfied by a transfer to STC of 750 acres of land in Bukit Tagar with a newly built turf club."

BJL和双溪贝西土地开发公司总结

“法院认定BJLand对雪兰莪州草地俱乐部有利
将雪兰莪州草皮俱乐部（STC）场地从双溪贝西迁至双溪丁宜大片土地的长期计划，将由法院裁决推动。

BJLand）表示，其子公司Berjaya Tagar Sdn Bhd（BTSB）赢得了对雪州政府和其他相关部门的司法审查，因为它试图推进该项目的审批程序和程序“。

“2004年，Berjaya Tagar与STC达成协议，以6.4亿令吉收购位于Sungai Besi的总面积为245英亩的三幅租赁土地，其中RM3500万将以现金支付，其余RM650 million令吉 将在新建的草地俱乐部转让给STC 750英亩的Bukit Tagar土地。

https://www.thestar.com.my/business/business-news/2017/11/11/court-decides-in-blands-favour-on-selangor-turf-club-issue/
http://www.theedgemarkets.com/article/berjaya-land-wins-judicial-review-proceed-construction-new-selangor-turf-club

"Generally, the Sungai Besi Highway (Besraya) can be divided into North, Central and South sectors. For now, the Northern sector is mostly occupied by industrial factories along Jalan Chan Sow Lin, but with the the proposed Bandar Malaysia development taking off, it will subsequently enhanced the commercial value of the area. In the middle of Sungai Besi is residential suburbs such as Desa Petaling and Salak South, while the Bandar Tasik Selatan, where the integrated transportation terminal – Terminal Bersepadu Selatan (TBS) is located. Further South, one can find the Selangor Turf Club (STC) and Taman Tasik Damai, where there is the Lake Fields gated and guarded residence, before the road continues to Balakong, Serdang and Kajang"

Lake Fields gated and guarded residence near Selangor Turf Club (STC) and Taman Tasik Damai, where transacted land price was RM604 per sq. ft. in 2015.
http://propertyinsight.com.my/wp-content/uploads/2017/05/Screen-Shot-2017-05-09-at-9.51.29-PM.png

SUNGAI BESI: ONCE A TIN MINE, NOW A PIECE OF GOLDEN REAL ESTATE
“Sungai Besi has a new lease of life as all the economic centres are moving towards the southern region of Kuala Lumpur. It is poised to become a central business district for the country. With the emergence of Tun Razak Exchange (TRX), the city’s financial district and Bandar Malaysia, there will be an immense growth within the central business district coupled with good connectivity such as the Terminal Bersepadu Selatan (TBS) and a few major highways, Sungai Besi will certainly be a gem in Kuala Lumpur. All the other measures taken within the surrounding area has become a catalyst to upcoming developments.”

Bandar Malaysia in Sungei Besi, three kilometers away from its twin project Tun Razak Exchange, is set to have the most innovative urban solutions for liveability in a new urban ecosystem, relooking at the relationship between people, buildings, traffic and nature in the capital city.

“A modern metropolis with high quality living and good connectivity.” That is how the Prime Minister sees Bandar Malaysia – soon to be transformed from the existing Sungai Besi Airport.

The Government expects the development to bring in a huge amount of foreign direct investments, (FDIs) starting with the US$2bil (RM8.14bil) by CREC to build its integrated office complex there.

There is also the Kuala Lumpur–Singapore High Speed Rail (HSR) project, which will definitely add more investment value to Sungai Besi area. The project was announced by the Prime Minister in September 2010 and supposedly connects Kuala Lumpur and Johor Bahru with Singapore. On 19 February 2013, Singapore and Malaysia had officially agreed to build a high-speed rail link between Kuala Lumpur and Singapore by 2022, with work scheduled to commence next year.
http://propertyinsight.com.my/blog/sungai-besi-once-a-tin-mine-now-a-piece-of-golden-real-estate/
http://propertyinsight.com.my/area-focus/sungai-besi/

Foreign funds bought RM915.1m Malaysian equity in first week of 2018, says MIDF Research.

https://www.theedgemarkets.com/article/foreign-funds-bought-rm9151m-malaysian-equity-first-week-2018-says-midf-research

Quote "SIX COMMANDMENTS FOR THIS POWERFUL BULL RUN OF 2018 (Calvin Tan)
Author: calvintaneng | Publish date: Mon, 8 Jan 2018, 10:55 AM

Hi guys/gals,

We are at the beginning of a powerful GE14 Election Year/ Chinese New Year 2018 Bull Run!

Why should this BULL RUN continues?

Answer:

1) 1MDB has settled all its debts to IPIC. So Malaysia didn't go the way of Brazil or Venezuela! With this impediment removed FOREIGN FUNDS's confidence will be boosted Sky High!! And Foreign Funds poured in almost Rm1 Billions to KLSE.

These Coming Tide of New Hot Monies will continue to power up Bursa.

2) North Korea in dialogue with South Korea... Nuclear tension thawing. This is another uncertainty that kept Funds away. So peace reigns for now. And more reasons to come back to emerging Asia in general and undervalue Malaysia in particular.

Since KLSE gone down the most KLSE will go up the most

3) CRUDE OIL rebound also lift up Ringgit. The Rm4.00 to one USD is finally broken!

Another good reason for Foreign Funds to invest in KLSE. Twin profits from Stock Price gains & exchange rate gains as both Bursa & Ringgit continue to out perform in 2018.


So keep these 6 Commandments


1) GO FULLY INVESTED.

The wind of Fortune has just started blowing until GE14 Election Day! Long way up!

So convert cash to equities. Cash on its own with 3% Bank FD has a P/E of 33.3. So it will take 33.3 years to double your monies. Can hardly cover inflation.

2) Don't need to hit and run or jump from share to share. Just buy and hold. In Bull Run most monies are made by sitting still and doing nothing. But it's ok if trading increased among punters and Remisiers' are happy. A jolly good time for all.

3) Don't waste time debating and quarrel over stocks. Listen to all posts. Then make your own decisions. Be responsible to your own actions. Gain or lose is your own.

4) Don't take small profits if you think the shares you bought are good. Stick with it for the maximum profit

5) Don't forget to take more position if you think the stock is outstanding. This was what My Johor Sifu taught me. If you have found a stock which you think is very good don't just nibble. YOU MUST HAMMER IT!

In other words if you think you have found a "Chun Chun Stock" you should not just nibble. You should take Huge Position. Of course you must also bear in mind not to overdo it. Buy within your means. And able to sleep well every night

6) If the Shares you bought didn't go up immediately don't be tempted to sell. In the Game of Rotational Plays all laggards will also move in their turns. A Rising Tide Lifts All Boats."

According to Nanyang Siang Pau, TSVT is one of the Market Movers For 2018

Quote translated from Mandarin "In 2017, the economic performance of our country is dazzling. Gross domestic product (GDP) surpassed expectation frequently and the ringgit rose as well. This will make the market optimistic about this year's market. In particular, we launched a number of corporate activities last year and may see results this year, whether it is performance or share price. As a result, Nanyang Siang Pau posted a big move for everyone in the past year and who will continue to be an important figure in 2018.

Tan Sri Vincent Tan Chee Yioun, founder and chairman of the Berjaya Group, unexpectedly come of retirement, not only pushing up the share price of Berjaya Group (BJCORP and BJLAND) but makes people very much look forward to what he will do in 2018!

Although he was still frequently active in corporate activities, the news of his re-entry still surprised the whole market. However, the market generally felt positive about his return and also very much looked forward to his contributions to the Group. I believe there will be more major moves by Tan Sri Vincent Tan Chee Yioun this year. Some research analysts believe he will help rebuild friendly relations with political circles if it works, or help to promote future earnings and stock prices off Berjaya Group as he returns to the board of directors.

Tan Sri Vincent Tan Chee Yioun returned to the team and immediately reported the good news of the successful judicial review the plan announced for acquisition of the Jockey Club site in Sungei Besi from Selangor Racing Club (STC)and the construction of a new horse racing club can proceed.

Tan Sri Vincent Tan Chee Yioun's re-entry also boosted the market sentiment for the Berjaya Corp, that share price surged 8 cents, or 24.24%, in the nearly 1-month period from 33 cents on the day it was announced to return to the Berjaya Corp board. It even hits 41.5 cents on 15 November, setting a new high since March 22, 2016"

https://klse.i3investor.com/blogs/kianweiaritcles/142961.jsp

根据南洋商报，TSVT是2018年的市场推动者之一

刚刚结束的2017年，我国经济表现亮眼，国内生产总值（GDP）频频超越预期，令吉也回升，让市场看好今年的市场。

特别是去年展开多项企业活动，或会在今年看到成果，不管是业绩表现或股价。

因此，《南洋商报》为大家评点在去年有大动作，并且在2018年也将继续呼风唤雨的重要人物。

成功集团创办人兼执行主席丹斯里陈志远 重出江湖股价即涨

丹斯里陈志远在退休5年后，出其不意地宣布重出江湖，不仅推高成功集团（BJCORP，3395，主板贸服股）股价，成功置地（BJLAND，4219，主板贸服组）搁置多年的计划也有了进展，这让人非常期待他在2018年会有什么新举动！

陈志远在2017年11月1日，宣布重新执掌成功集团执行主席，虽然他此前仍频频出现在公司活动上，但重出江湖的消息，依然让整个市场感到意外。

不过，市场对他的复出普遍感到正面，也非常期待他对集团的贡献，相信今年会有更多大动作。

有研究主管认为，随着他重回董事部，相信将有助于重建与政界的友好关系。若是奏效，或有助推动未来盈利和股价。

陈志远重新归队，马上捎来好消息，即是成功置地要求展开的司法检讨获得胜诉，使到在2004年宣布向雪兰莪赛马俱乐部（STC）收购位于新街厂地皮和兴建新赛马俱乐
陈志远也提振市场对成功集团的投资情绪，让下跌了5年的股价，有了上涨动力！

股价从宣布重回董事部当天的33仙，在接近1个月内激增8仙或24.24%；更在11月15日一度冲上41.5仙，创下自2016年3月22日以来新高。

For the Proxy to work so hard...I rest my case...

Quote "TSVT has postponed his intention on DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS), INTENTION TO DEAL DURING CLOSED PERIOD last month or was it a "Red Herring" to throw people off his true intentions and plans for BJLand in 2018?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5606825

As of 17 November 2017, TSVT & BJCorp already controlled 78.835% of BJLand, I just wondered how TSVT & BJCorp met Bursa Malaysia's requirements of "Public Shareholding Spread", when the number of shares owned by one party exceeds 75% without the risk of delisting or suspension by Bursa Malaysia? What's TSVT intention of keeping BJLand still listed when already controls more than 78.8%?

GUIDANCE NOTE 13 - PUBLIC SHAREHOLDING SPREAD​
http://customer.bursamalaysia.com:8080/ACE/Pages/AceGuidanceNote13.aspx "

Already waiting higher at 0.32 also no luck :(

I think any shareholders can alert Bursa Malaysia on this non compliance of Public Spread if BJLand management has not done so and made a "Status Announcement" as required by Bursa Malaysia?

Quote "Disclosure requirements in the event of non-compliance
​
​3.1 ​Rule 8.02(3) of the Listing Requirements provides that a listed corporation must announce to the Exchange that it does not comply with the Required Public Shareholding Spread immediately upon it becoming aware of this (“Non-Compliance Announcement”).
​ ​
​3.2 ​The listed corporation must include the following information in its Non-Compliance Announcement:​
​ ​
​ ​(a) ​a statement that the listed corporation does not comply with the public shareholding spread requirement set out in Rule 8.02(1) of the Listing Requirements;
​ ​ ​
​ (b)​ ​the percentage of public shareholding spread
​ ​ ​
​ ​(c) steps taken or proposed to be taken by the listed corporation to comply with the Required Public Shareholding Spread (“Rectification Plan”) including the following:
​ ​ ​
​ ​ ​(i) ​the tentative timeline in respect of the Rectification Plan; and
​ ​ ​ ​
​ ​ ​(ii) ​the status of the Rectification Plan; and​
​ ​ ​ ​
​ ​(d) ​where the listed corporation has not formulated a Rectification Plan, the status of the listed corporation’s endeavours to formulate such a plan or where a Rectification Plan has not been formulated and/or if no endeavours have been taken to formulate such a plan, an appropriate negative statement to such effect.
​ ​ ​
​3.3 ​After the Non-Compliance Announcement, a listed corporation which does not comply with the Required Public Shareholding Spread must announce the status of its efforts to comply with the Required Shareholding Spread (“Status Announcement”). The listed corporation must make the Status Announcement for each quarter of its financial year simultaneously with the quarterly reports and in any event, not later than 2 months after the end of each quarter of a financial year.
​ ​
​3.4 ​The listed corporation must include the following information in the Status Announcement​:
​ ​
​ ​(a) ​the information prescribed in paragraph 3.2 above; and
​ ​ ​
​ ​(b) ​a statement as to whether an extension of time for compliance has been granted by the Exchange and if so, the following:
​ ​ ​ ​​
​ ​ ​(i) ​the duration of extension granted; and
​ ​ ​ ​
​ ​ ​(ii) ​the expiry date of the extension. "

http://customer.bursamalaysia.com:8080/ACE/Pages/AceGuidanceNote13.aspx

​ ​ ​ ​

We must be getting close to the truth to elicit an immediate response from the Proxy?

Quote" Klse up 10.66 points to break 1,803.45 today...isn't it ironic that the Subsidary is almost the same price as BJCorp the Holding Company, where the provisions for reversible impairments is very much bigger?...Obviously somebody is setting up roadblocks for an Objective?

Anyway it presents an opportunity to buy low as most news has been discounted and it's a window of opportunity for those who has been buying BJCorp to switch to BJLand instead as the entry cost is almost similar? The rebound for BJLand will be fast and furious with the run up to GE14...the Objective maybe TSVT needs to make his next move soon to raise funds to back some friendly political parties to support his pet projects?"

TSVT has postponed his intention on DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS), INTENTION TO DEAL DURING CLOSED PERIOD last month or was it a "Red Herring" to throw people off his true intentions and plans for BJLand in 2018?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5606825

As of 17 November 2017, TSVT & BJCorp already controlled 78.835% of BJLand, I just wondered how TSVT & BJCorp met Bursa Malaysia's requirements of "Public Shareholding Spread", when the number of shares owned by one party exceeds 75% without the risk of delisting or suspension by Bursa Malaysia? What's TSVT intention of keeping BJLand still listed when already controls more than 78.8%?

GUIDANCE NOTE 13 - PUBLIC SHAREHOLDING SPREAD​
http://customer.bursamalaysia.com:8080/ACE/Pages/AceGuidanceNote13.aspx

Direct Interest (TSVT) 1.374%
Indirect Interest (BJCorp) 77.461%
Total % of Shares held 78.835%

We must be getting close to the truth to elicit an immediate response from the Proxy?

Quote" Klse up 10.66 points to break 1,803.45 today...isn't it ironic that the Subsidary is almost the same price as BJCorp the Holding Company, where the provisions for reversible impairments is very much bigger?...Obviously somebody is setting up roadblocks for an Objective?

Anyway it presents an opportunity to buy low as most news has been discounted and it's a window of opportunity for those who has been buying BJCorp to switch to BJLand instead as the entry cost is almost similar? The rebound for BJLand will be fast and furious with the run up to GE14...the Objective maybe TSVT needs to make his next move soon to raise funds to back some friendly political parties to support his pet projects?"