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?"

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?

Klse already up 10.62 points to 1,793.27 this morning with the run-up to GE14 to be held most probably after Chinese New Year between March to June 2018?

As the window of opportunity is quite narrow for TSVT to capitalise on this...I think TVST would make his next move soon... as BJLand has been consolidating for almost a year already...with TSVT's average acquisition cost for BJland at around 70 sens per share...

I think the year 2018 will be an auspicious date for TSVT to make his next corporate move for BJLand like privatisation, since already owns more than 78.8%...:)

Quote "Malaysian tycoon Tan Sri Vincent Tan purportedly prefers players with the number 8 in their birthdates for the Cardiff City British football club he owns, a UK journalist alleged today. The number 8 is considered auspicious in Chinese culture, and the preference has baffled the UK media which has followed the colourful billionaire, ranked by Forbes as Malaysia’s ninth richest man".
http://www.themalaymailonline.com/sports/article/vincent-tan-prefers-players-with-lucky-8-in-their-birthdates#uHxzZ5P8JtTvPJaf.97

Quote "The change of pace is attributed to Tan Sri Vincent Tan. His company, Dijaya Enterprise Bhd (later renamed MOL.com Bhd), is subscribing for a 60.8 per cent stake in World of Feng Shui for RM16.8 million. He got in touch with Lillian earlier this year and made her the offer. How did they arrive at the valuation? The figure RM16.8 million was chosen because it is auspicious. Apparently, in Cantonese it means prosperity all the way."
http://www.lillian-too.com/news_mnbjuly00.php

Same same lah...still in the queue...so far still no luck... :(

Yes...agreed once the impairment provisions provided earlier in 2016 & 2017 are reversed by BJLand with a favorable Jeju Land court ruling, final payment of China property project and profit from disposing Vietnam property project...there is no reasons for BJLand to be not profitable in 2018...Huat...Ahh!

Happy New Year! Here's to a Prosperous New Year 2018 for All :)

btw 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

The Duel has just started...guess who will win this round?, as BJCorp C4 warrants only left 0.05 sens with 1 more market day to 28/12 (expiry date of C4)?

Because of this gambling element in C4, Macquarie or its proxies will ensure the average price of BJCorp shares stay around 0.35~0.36 or lower depending on C4 price the day before Dec. 28, means chance of 5 days average price of BJCorp shares before Dec. 28 going higher than 0.35~0.36 is rather difficult right?

So for short term players, in order to have a fair chance of making money from BJCorp shares, market timing is everything...

Sure they do...otherwise they are not doing their jobs...the price will not go beyond that of holding company BJCorp...anyway we have the holding power and will accumulate if got opportunity...just treat it like FD which will matures when TSVT thinks it's the right time...

I guess it's the season for privatisation...after Hovid now IWCity just announced their privatisation exercise on 18 Dec....with 78.8% already in TVST's hand, soon it will be BJland's turn...

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CONDITIONAL VOLUNTARY GENERAL OFFER TO ACQUIRE ALL THE ORDINARY SHARES IN ISKANDAR WATERFRONT CITY BERHAD ("IWCITY") ("PROPOSED OFFER")
EKOVEST BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description CONDITIONAL VOLUNTARY GENERAL OFFER TO ACQUIRE ALL THE ORDINARY SHARES IN ISKANDAR WATERFRONT CITY BERHAD ("IWCITY") ("PROPOSED OFFER")
We refer to the announcements made on 31 October 2017, 28 November 2017 and 30 November 2017.

On behalf of the Board of Directors of Ekovest (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities”) and Astramina Advisory Sdn Bhd (“Astramina”) wish to announce that on even date, the Board (save for the Interested Directors as set out in the attached announcement) has, after having considered all aspects of the Proposed Offer, decided to present the Proposed Offer to the non-interested shareholders of Ekovest for consideration at an extraordinary general meeting of the Company to be convened.

In accordance with Paragraph 9.10(1) of the Rules on Take-overs, Mergers and Compulsory Acquisitions (“Rules”), Mercury Securities and Astramina had on even date, on behalf of the Company, served a notice of conditional voluntary general offer (“Notice”) on the board of directors of IWCity informing them of the Company’s intention to undertake a conditional voluntary general offer to acquire all the Offer Shares in IWCity comprising the following:-

(i) 837,388,857 ordinary shares in IWCity (“IWCity Shares”), representing the entire issued share capital of IWCity as at 11 December 2017; and

(ii) any new IWCity Shares that may be issued prior to the closing date of the Proposed Offer arising from the exercise of outstanding employee share options in IWCity (“IWCity ESOS Options”), (collectively referred to as the “Offer Shares”) for a consideration of RM1.50 per Offer Share (“Offer Price”), which shall be satisfied by way of:-
(i) a cash consideration of RM1.50 for every 1 Offer Share surrendered (“Cash Option”); or
(ii) a share exchange based on an exchange ratio of 1 new ordinary share in Ekovest (“Ekovest Share”) to be issued at an issue price of RM1.50 each (“Issue Price”) (“Consideration Share”) for every 1 Offer Share surrendered (“Share Exchange Option”).
Please refer to the attached announcement and Notice for further details on the Proposed Offer.
This announcement is dated 18 December 2017.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5641345

Some comments by @calvintaneng

"calvintaneng Good morning,

Consider these facts regarding BLand

1. China Great Mall was purchased at much lower price when land was cheap and renminbi was weak. So Bj Land already gained from both asset and currency appreciation

2. It is already a big relief when Skyoceon offered to buy over China Great Mall.

3. Already received half payment. The next half is delayed. But there is recourse as the claims are binding. More so because Hong Kong laws are transparent and good.

4. The impairment is only a small set back if you can SEE the bigger picture.

5. IF THERE IS EVENTUAL PAYMENT DEFAULT BJ LAND CAN SUE FOR WRIT OF SEIZURE AND DISPOSE THE LAND BY WAY OF AUCTION TO RECOVER ALL OUTSTANDING DUES.

6. SO ANY PRICE WEAKNESS DUE TO IGNORANT SELL DOWN JUST ADD MORE.
21/12/2017 08:26"

Agreed that TSVT & proxies is controlling the price and still in accumulation phase as it is suspicious that the outstanding payment balance sales proceeds from Beijing SkyOcean and the Guarantors." which is only due is on 28 November 2017 and should be reported in Qtr. 3 ending 31 January 2018 and not be reported in Quarter 2 for the period ended 31 October 2017 as a impairment provision in order to:

Change the BJLand's actual reported a profit of RM59.18 million for Qtr. 2 to a loss of RM95.91 million due to provision for impairment of RMB243.51 million (equivalent to RM155.08 million) in the current quarter under review (Qtr 2. ended 28 Nov. 2017) to account for the time value of money for the full recovery of the outstanding Final Instalment.

This provision (equivalent to RM155.08 million) attributable to BJland will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors.", announced today.

Any comments from @stockraider and @calvintaneng on latest BJland results which will also affects BJCorp's coming Quarter 2 results which will to be announced soon due to provision for impairment of RMB243.51 million (equivalent to RM155.08 million) in the current quarter under review to account for the time value of money for the full recovery of the outstanding Final Instalment. This provision (equivalent to RM155.08 million) attributable to BJland will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors as any market reactions will also affects BJCorp which owns 78.8% of BJLand?

Quote "Please take note BJLand would have reported a profit of RM59.18 million for Qtr. 2 instead of a loss of RM95.91 million due to provision for impairment of RMB243.51 million (equivalent to RM155.08 million) in the current quarter under review to account for the time value of money for the full recovery of the outstanding Final Instalment. This provision (equivalent to RM155.08 million) attributable to BJland will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors.

A7 There were no material events subsequent to the end of this current quarter that have not been reflected in the financial statements for this current financial quarter under review except for the non-payment of the balance sales proceeds amounting to RMB974.07 million (equivalent to RM620.33 million) ("Final Instalment"), to be received by Berjaya (China) Great Mall Co Ltd ("GMOC") from the disposal of GMOC Project as disclosed in Note B7(d).

GMOC, after having sought legal advice, will commence legal proceedings against Beijing SkyOcean and the Guarantors as it has strong grounds to recover the outstanding Final Instalment due to GMOC.

Based on the legal advice obtained, the Directors are confident that GMOC has strong grounds to fully recover the outstanding Final Instalment in due course.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5643933

Any additional comments from sifu @calvintaneng as any market reactions will also affects BJCorp which owns 78.8% of BJLand?

There will be contra players who may try to benefit from any reactions from those who don't read BJLand's detailed accounts on the provision (equivalent to RM155.08 million) attributable to BJland which will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors.".

But since it is already a cornered stock with 78.8% owned by TSVT and BJCorp with not much daily sales volume and price fluctuation. The price direction will be guided by TSVT and his proxies to achieve their privatisation objective planned very much earlier?

Quote " Please take note BJLand would have reported a profit of RM59.18 million for Qtr. 2 instead of a loss of RM95.91 million due to provision for impairment of RMB243.51 million (equivalent to RM155.08 million) in the current quarter under review to account for the time value of money for the full recovery of the outstanding Final Instalment. This provision (equivalent to RM155.08 million) attributable to BJland will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors."

More details on the Guarantor Zheng Zhou:

Note: Both DreamEast Group Ltd formerly known as SkyOcean Holdings and Zheng Zhou are guarantors for the performance of the obligations by Beijing SkyOcean following the sale of the Great Mall by BJLand.

Mr. Zhou Zheng has been appointed as Executive Chairman of the Board, Chief Executive Officer of SkyOcean International Holdings Limited. (now renamed as DreamEast Group Ltd (0593.HK) from July 2017), with effect from 27 January 2014. He is the sole director and beneficial owner of 80% equity interest in SkyOcean Investment, the immediate holding company of the Company. He is also the sole director of two subsidiaries of the Company, including Skyleaf Holdings Limited and SkyOcean International United Limited. Mr. Zhou has over 10 years of working experience in the property development and commercial retail industries and over 7 years of experience in the financial investment industry. He is currently a shareholder and the chairman of SkyOcean Group Holdings Co., Ltd a company established in the PRC and principally engaged in cultural, property development, commercial retail and financial investments industries. Mr. Zhou is also a director of China Minerals Mining Corporation, the shares of which are listed on the Toronto Stock Exchange.
https://www.reuters.com/finance/stocks/company-officers/0593.HK

Zheng Zhou, director of the Company, intends to subscribe for 1,500,000 Units. Mr. Zhou is the sole shareholder of both Sky Ocean Venture Investment Limited ("SkyOcean") and China Mineral Holdings Limited ("CMH"). Prior to closing of the Offering, SkyOcean and CMH collectively hold 44.22% of the issued and outstanding common shares in the capital of the Company making Mr. Zhou the Company's Control Person. After giving effect to the Offering, Mr. Zhou will hold, directly and indirectly, 32.68% of the issued and outstanding common shares in the capital of the Company.
https://www.newsfilecorp.com/release/30859/China-Minerals-Announces-Private-Placement#.Wjpz9d-WaUl

More details on DreamEast Group Ltd (0593.HK) formerly known as SkyOcean International Holdings Limited.

Note: Both DreamEast Group Ltd formerly known as SkyOcean Holdings and Zhou are guarantors for the performance of the obligations by Beijing SkyOcean following the sale of the Great Mall by BJLand.

https://www.reuters.com/finance/stocks/0593.HK/key-developments

SkyOcean Holdings Group Ltd now renamed DreamEast Group Limited in July 2017 is a profitable Hong Kong listed company, as the guarantor should have no problem in paying the amount due in full including interests charges, just late payment to BJLand.

Since the payment due is on 28 November 2017 ...It will have no material effect on BJLand coming Quarter results for the period ended 31 October 2017, to be announced latest by 22 December 2017

SkyOcean Holdings Group Ltd now renamed DreamEast Group Limited for the six months ended 30 June 2017 reported revenue of HKD 1 1,042,617,000 (RM5,777,055,509). Profit before tax was HKD 230,605,000 (RM120,600,195). Profit for the period from continuing operations was HKD 166,706,000 (RM87,216,915). Profit for the period attributable to owners of the company from continuing operations was HKD 160,633,000 (RM84,039,654) or HKD 0.394 (RM0.21) diluted earnings per share.

Do note that:
Beijing SkyOcean is a unit of SkyOcean Holdings Group Ltd where Zhou Zheng is a major shareholder of SkyOcean Holdings. Both SkyOcean Holdings and Zhou are guarantors for the performance of the obligations by Beijing SkyOcean following the sale of the Great Mall.

DreamEast Group Limited engages in the cultural and entertainment businesses in Hong Kong, China, and the United States. It develops and operates tourist resorts. The company was formerly known as SkyOcean International Holdings Limited and changed its name to DreamEast Group Limited in July 2017. DreamEast Group Limited is headquartered in Causeway Bay, Hong Kong.

DreamEast Group Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended 30 June 2017
Announced Aug 31 17
DreamEast Group Limited announced unaudited consolidated earnings results for the six months ended 30 June 2017. For the six months, the company reported revenue of HKD 1 1,042,617,000 against HKD 9,895,000 a year ago. Profit before tax was HKD 230,605,000 against HKD 150,891,000 a year ago. Profit for the period from continuing operations was HKD 166,706,000 against HKD 90,153,000 a year ago. Profit for the period attributable to owners of the company from continuing operations was HKD 160,633,000 or HKD 0.394 diluted earnings per share against HKD 85,143,000 or HKD 0.250 diluted earnings per share a year ago.

DreamEast Group Limited Announces audited Consolidated Earnings Results for the Six Months Ended 30 June 2017
Announced Sep 29 17
DreamEast Group Limited announced audited consolidated earnings results for the six months ended 30 June 2017. For the six months, the company reported net cash from operating activities of HKD 191,696,000 against net cash used in operating activities of HKD 866,101,000 a year ago. Purchase of property, plant and equipment were HKD 1,122,000 against HKD 413,000 a year ago.

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=878717
http://iis.aastocks.com/20170613/002836250-0.PDF

Please take note BJLand would have reported a profit of RM59.18 million for Qtr. 2 instead of a loss of RM95.91 million due to provision for impairment of RMB243.51 million (equivalent to RM155.08 million) in the current quarter under review to account for the time value of money for the full recovery of the outstanding Final Instalment. This provision (equivalent to RM155.08 million) attributable to BJland will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors.

A7 There were no material events subsequent to the end of this current quarter that have not been reflected in the financial statements for this current financial quarter under review except for the non-payment of the balance sales proceeds amounting to RMB974.07 million (equivalent to RM620.33 million) ("Final Instalment"), to be received by Berjaya (China) Great Mall Co Ltd ("GMOC") from the disposal of GMOC Project as disclosed in Note B7(d).

GMOC, after having sought legal advice, will commence legal proceedings against Beijing SkyOcean and the Guarantors as it has strong grounds to recover the outstanding Final Instalment due to GMOC.

Based on the legal advice obtained, the Directors are confident that GMOC has strong grounds to fully recover the outstanding Final Instalment in due course.

UNAUDITED INTERIM FINANCIAL REPORT FOR THE QUARTER ENDED 31 OCTOBER 2017
For the current quarter under review, the Group reported a revenue of RM1.61 billion and pre-tax loss of *RM95.91 million. Excluding the * provision for impairment of balance sales proceeds from the sale of GMOC Project amounting to RM155.08 million, the Group would have reported a pre-tax profit for the current quarter under review of RM59.18 million.

* In accordance to FRS 139 : Financial Instruments: Recognition and Measurement, GMOC has made a provision for impairment of RMB243.51 million (equivalent to RM155.08 million) in the current quarter under review to account for the time value of money for the full recovery of the outstanding Final Instalment. This provision will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors.

(B1) The Group reported a pre-tax loss in the current quarter under review mainly due to:
(i) lower profit margins of H.R Owen Plc earned from certain new car sales;
(ii) the provision for impairment of balance sales proceed from the sale of GMOC Project (Note A3); and
(iii) the loss arising from partial disposal of interest in an associated company (Note A3).

A7 There were no material events subsequent to the end of this current quarter that have not been reflected in the financial statements for this current financial quarter under review except for the non-payment of the balance sales proceeds amounting to RMB974.07 million (equivalent to RM620.33 million) ("Final Instalment"), to be received by Berjaya (China) Great Mall Co Ltd ("GMOC") from the disposal of GMOC Project as disclosed in Note B7(d).

GMOC, after having sought legal advice, will commence legal proceedings against Beijing SkyOcean and the Guarantors as it has strong grounds to recover the outstanding Final Instalment due to GMOC.

Based on the legal advice obtained, the Directors are confident that GMOC has strong grounds to fully recover the outstanding Final Instalment in due course.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5643933

Yes, very suspicious indeed...especially when TSVT bought at 48 sens but sells for 39.5~40 sens...sailang now if you have spare money as already at historical low....the returns will be very substantial once the announcement is out!

Should be out anytime now...btw did you realise that somebody is trying to keep the price within 39.5~40 sens over 5 market days already...

ORDINARY SHARES DIRECT INTEREST

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

Thanks for your confirmation.

So...
Because of this gambling element in C4, Macquarie or its proxies will ensure the average price of BJCorp shares stay around 0.36 or lower depending on C4 price the day before Dec. 28, means chance of 5 days average price of BJCorp shares before Dec. 28 going higher than 0.36 is rather difficult right?

So for short term players, in order to have a fair chance of making money from BJCorp shares, market timing is everything...

Oic...so,
1) for people who buy C4 at price 0.02 and if BJCORP share price (5 days average before Dec 28) only reach 0.36 (0.02 + 0.35) i.e. 0.36 - 0.37 = - 0.01 will lose everything on 28 Dec. or,

2) for people who buy C4, if price 0.015 and if BJCORP share price (5 days average before Dec 28) only reach 0.355 (0.015 + 0.35) i.e. 0.355 - 0.365 = - 0.01 will also lose everything on 28 Dec. or,

3) for people who buy C4, if price 0.01 and if BJCORP share price (5 days average before Dec 28) only reach 0.350 (0.01 + 0.35) i.e. 0.35 - 0.36 = - 0.01 will also lose everything on 28 Dec. right?

Because of this gambling element in C4, Macquarie or its proxies will ensure the price of BJCorp shares stay low from 0.36 or lower depending on C4 price the day before Dec. 28, means chance of 5 days average price of BJCorp shares before Dec. 28 going higher than 0.36 is rather difficult right? correct me if I am wrong...

That was what I initially thought...but if you read the notes above...what does it means?

Quote" Underlying Equities : BJCORP Shares, which are quoted on Bursa Securities
Exercise Ratio : 1 Call Warrant : 1 BJCORP Share
Exercise Price : RM0.350

Exercise Style : European (i.e. may only be exercised on the Expiry Date, 28 December 2017) "
https://www.malaysiawarrants.com.my/pdf?type=termsheet&id=3395C4

BJCORP Call Warrants C4 - Can anybody explain how this C4 warrants works? Does it means, if the call Warrants is 0,5 sens on 28 December, you just pay 35 sens to convert to 1 BJCorp share?

Expiry Date : 28 December 2017
Automatic Exercise : The Call Warrants shall be automatically exercised at 5.00 p.m. on the
Expiry Date if the Cash Settlement Amount calculated in accordance
with the above formula after deducting all exercise expenses, is
greater than zero (without the Holders having to deliver a valid
exercise form and without notice of automatic exercise being given by
the Issuer to the Holders). If the Expiry Date is not a Market Day then
it shall be deemed to be exercised on the next following Market Day.
The Call Warrants will automatically terminate and cease to be valid
at 5.00 p.m. on the Expiry Date if the Cash Settlement Amount after
deducting all exercise expenses is zero or less than zero and the
Issuer’s obligations in respect of the Call Warrants shall terminate
absolutely. The Holders shall not be required to pay or top up the
exercise expenses in the event the Cash Settlement Amount is
negative after deducting exercise expenses.

Underlying Equities : BJCORP Shares, which are quoted on Bursa Securities
Exercise Ratio : 1 Call Warrant : 1 BJCORP Share
Exercise Price : RM0.350, being an amount equal to 102.94% of the
Reference Price. The Exercise Price shall be rounded to the
nearest three (3) decimal places. In the event of any dispute
regarding the calculation of the Exercise Price, our
determination shall be final and conclusive
Exercise Style : European (i.e. may only be exercised on the Expiry Date)
Issue Price : RM0.230, being an amount equal to (i) 67.65% of the
Reference Price, (ii) divided by 1 (being the Exercise Ratio),
rounded up to the nearest half sen. In the event of any dispute
regarding the calculation of the Issue Price, our determination
shall be final and conclusive
https://www.malaysiawarrants.com.my/pdf?type=termsheet&id=3395C4

Just passing by...when heroes die, they get reincarnated as burning phoenixs, when DBE dies, it shares get consolidated as Harumi Chicken...

32 sens also can edi. already waiting long time

Some pre-lunch interlude for you..."It's now or never"...I'm sure TSVT would have approved...
https://www.youtube.com/watch?v=mdUB-lvkIX8

We think TSVT is cooking up something?...Buy as much as you can...as BJ Land Intrinsic share value is RM0.92 per share...before the cheap supply dries up soon...as Santa Claus will be giving presents early this year before BJLand's next quarter result which is expected to be good by 22 December.

Sum of Parts For BJLand

Sum of Parts = 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

TSVT only owns 45.71% of BJCorp, for similar off market deals e.g. sale of 7Eleven shares to others...TSVT needs a higher base price to monetise his investments in BJCorp for higher profits just like all of us...
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5617101

Good news For BJLand...Developers can still build offices, malls with 'justification' — Johari

KUALA LUMPUR (Dec 5): Despite an announced freeze of approvals for shopping complexes, offices and condominiums priced above RM1 million, developers can still build offices and shopping malls, provided they justify their projects to the relevant minister, according to second finance minister Datuk Seri Johari Abdul Ghani.

http://www.theedgemarkets.com/article/developers-can-still-build-offices-malls-justification-%E2%80%94-johari

For those who are not aware that BJland is sitting on a goldmine....

Quote "Berjaya Tagar a subsidiary of BJland 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."

The Selangor Turf Club (STC) is the major horse racing course in Klang Valley, Selangor, Malaysia. The STC main race course is located on 245 acres of prime land at Sungai Besi, 17 km from Kuala Lumpur city centre. STC is only 20 minutes drive from Simpang Airport, the location of Bandar Malaysia also in Sungai Besi.

https://en.wikipedia.org/wiki/Selangor_Turf_Club

Bandar Malaysia is an urban development project in the city of Kuala Lumpur, Malaysia. This project will be built at the current Simpang Airport site. There will be two MRT Sungai Buloh-Serdang-Putrajaya Line stations namely "Bandar Malaysia North" and "Bandar Malaysia South".

https://en.wikipedia.org/wiki/Bandar_Malaysia

Berjaya Land wins judicial review, to proceed with construction of new Selangor Turf Club

Recap "In 2004, Berjaya Tagar a subsidiary of BJland 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.

http://www.theedgemarkets.com/article/berjaya-land-wins-judicial-review-proceed-construction-new-selangor-turf-club

Hope to get at 32 sens again?

Looking at past BJ privatisation exercise by TSVT..the fair value can range from 65 sens to a high of 90 sens...however it is important to to maintain the five-day volume weighted average market price of BJLand as high as possible prior to the serving of notice to get the highest possible offer price..

BJ Land : Plenty of Muscles, Now Got Brains! with the return of TSVT assisted by John Pridjian

Buy while somebody still want to sell cheap for this cornered stock.

Sum of Parts For BJLand

Sum of Parts = 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

It looks like a another married deal...TSVT is transferring 954,810 shares from his Deemed Interest to his Direct Interest in MIDF Amanah Investment Nominees (Tempatan) Sdn. Bhd. trust account just like BJLand...definitely something is brewing...
https://klse.i3investor.com/insider/substantialShareholder/3395/16-Nov-2017/412929_3056501514.jsp

TSVT & BJCorp purchased most of BJLand shares in early 2017, when the price was around 70 sens to increase their shareholdings to 78.8% currently...At current BJLand share price, it makes sense to buy when price is still low...as making profits for 4 straight quarters already and the coming Qtr. 2 results will be very good with profits from China Mall & Vietnam Resort sales...

t's time to board the train...once BJCorp moves up...BJLand will follow as TSVT has stated his intentions to deal during the closed period before QTR. 2 result is announced in December?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5606825riod...

Looking at past BJ privatisation exercise under BJCorp..the fair value can range from 65 sens to a high of 90 sens...however it is important to to maintain the five-day volume weighted average market price of BJLand as high as possible prior to the serving of notice to get the highest possible offer price..

Since TSVT & BJCorp already own 78.835% of BJLand, could privatization be possible and history repeats?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5606825

Quote " Berjaya Retail up on privatisation offer - The five-day volume weighted average market price of B-Retail shares up to March 4, being the last trading day prior to the serving of the notice was 41.2 sen.At 41.2 sen, the offer for the shares at 65 sen each was a premium of 23.8 sen or 57.7%."
http://www.theedgemarkets.com/article/berjaya-retail-privatisation-offer

Looks like no news already? Happy Holidays..