Looks like going to revisit 52 weeks low again? Hope support at 0.35 holds since market sentiments are weak.

Managed to grab some at 52 weeks low! Let's treat it as FD and see how it goes after Budget & HSR Winner 🏆 Announcement?

Zetrix is now trading at 15.32 compared to USD11.82 one month ago. Buy on any dips as proposed Final Dividend is 1.78 cents per share,with a strong Balance Sheet & steady income from E-Services to Government, Myeg is well positioned to tap China's Growing market in 2024 & Malaysia Government's push for Digital Economy in which Myeg is one of the main beneficiary for E-Services in Malaysia & Ztrade Exports to China. Don't let EPF & Mr. Wong sapu all. That's why I want to repeat everyone has a chance to make profit as Patience has its virtues. Investing in Myeg has earned benefits such as:
* Annual dividend income & dividend reinvestment plan for many long term investors
* Capital appreciation for medium term holders and
* A steady monthly income for short term & day traders
Where else can you enjoy such benefits which is better than FD?

Yes for stragglers. Better take this lull to run before VT unleash his full power. Can always come back later to fight another day. Happy CNY!

Oh yes, tip for those already made profit at Bjland can invest some in laggard technology stock like Myeg? EPF & KWAP are substantial shareholders. Maybe more Green Packets for Raya?

As a long time shareholder. We should thanks VT for lifting the long-term blocks on tightly controlled Bjland which allowed many trapped retailers to leave. Better late than never to take profit before he does like the last major pump in April/May 2021. There will be many rounds to swing in & out with profit as usual. Just be patient as from experience there will be more shows from time to time until YDP makes his policy & intentions known for the next 5 years. Also not forgetting to thank the hardworking promoters who helped make the exit happened for old shareholders of Bjland. Keep up the good work.

Wise move. 20 sens profit for this round is good enough since cost only 28 sens similar to VT's 27 sens. As a long time shareholder. We believe VT is up to something when his promoters appear & allows tightly controlled Bjland to rise, so take profit before he does like last major pump. There will be many rounds to swing in & out with profit as usual. Just be patient as from experience there will be more shows from time to time until new YDP comes next month? Keep up the good work.

Zetrix is now trading at USD11.82. When others are fearful or getting their positions liquidated by bankers is best time to buy. With a strong Balance Sheet & steady income from E-Services to Government, Myeg is well positioned to tap China's Growing market in 2024 & Malaysia Government's push for Digital Economy in which Myeg is one of the main beneficiary for E-Services in Malaysia & Ztrade Exports to China. Don't let KWAP & Mr. Wong sapu all. That's why I want to repeat everyone has a chance to make profit as Patience has its virtues. Investing in Myeg has earned benefits such as:
* Annual dividend income & dividend reinvestment plan for many long term investors
* Capital appreciation for medium term holders and
* A steady monthly income for short term & day traders
Where else can you enjoy such benefits which is better than FD?

For those who missed it. Click on the link 'Check out our latest analysis for My E.G. Services Berhad' in the above report for all the information on Myeg Valuation. Can't post the link directly as blocked by Klse Forum for reasons unknown?

Here's a write-up on Myeg's Valuation for anyone interested to read before making investment.
https://finance.yahoo.com/news/investing-e-g-services-berhad-020458280.html

Anyone can have opinions but Market is the best judge. Government is pushing for Digital Economy in which Myeg is one of the main beneficiary through E-Services in Malaysia & Exports to China. CNY Rally coming soon so don't miss the show. According to Bursa, Net Short Position already dropped to 9M from 12M previously. Don't let KWAP & Mr. Wong sapu all. That's why I want to repeat everyone has a chance to make profit as Patience has its virtues. Investing in Myeg has earned benefits such as:
* Annual dividend income & dividend reinvestment plan for many long term investors
* Capital appreciation for medium term holders and
* A steady monthly income for short term & day traders
Where else can you enjoy such benefits which is better than FD?

What a sad day for VT when everyone including the strong supporters has abandoned ship? Let's see how low can it go? Still remembers when BJLand felled as low as 16 cents!

miniminer

Adooi.... where are the Huatt Chaii !!! Dog & S**** Raider, ask people to buy, halfway missing the direction pulak itu. Ong Heng Huat time mari liao + big block ahead, come out work harder la. ........hehehe..................

Patience has its virtues. Investing in Myeg has earned benefits such as:
* Annual dividend income & dividend reinvestment plan for many long investors
* Capital appreciation for medium term holders and
* A steady monthly income for short term & day traders
Where else can you enjoy such benefits which is better than FD?

For those who wants more clarification on Zetrix. Can ask here.
https://www.linkedin.com/company/zetrix

@moneySifu Here's some of the answers to your questions which I asked on your behalf at Zetrix Official Telegram.

Hello ser! Such a nice friend of you haha come ask him and join our tg or discord!

1)for the seed round we can't disclose who are the parties that purchase, due to privacy issues. for seed phase started quite some time ago around 2020/21

2) people who staked with Zetrix tokens are only entitled to the block reward .basicaly due to consensus, The elected witnesses receive the transaction fees from the validated block, and that reward is then shared with users who pooled their tokens in the successful delegate’s pool.

3)Zetrix has been live since 26 Mar 2022. which means this supply includes Total Genesis Block and ZTX mined in consensus.

Our Consensus reward block rate = 44ZTX per 10s if non-empty block or per 60s if empty block.

4) not necessary, but it depends on the project consensus algorithm& blockchain solution, I would say Mining the words, refers to the process of validating transactions on a blockchain network by solving complex mathematical equations

5) of course, running on Blockchain doesn't mean we don't need manpower, R&D, and so on.

Don't main tembak! Pls. elaborate with details.
https://theedgemalaysia.com/node/686075

@Eddysurge as an insider & someone close to VT, please advise him to implement Batikman's Reorganization & Restructuring Plan, after having paid so much for his services at Berjaya, it's a waste if just thrown down the drain. If it's still business as usual with no support from local & foreign institutions, VT can only expect gamblers who will only hit & run. Just my 2 cents. Very sure @Sslee will also agrees?

Eddysurge

@simon2020, this bjland full of uncertainty. Can i know, as bjland old investors, whats should they do? I only hope they bjland can merge with bjcorp, then follow by reevaluate and restructure? Whats your?

Also BJLand has a high Debt to Equity ratio of 59.3%, where current Debts about 3.55B vs Equity of 5.98B? With depreciation of RM to RM4.71 to USD1, how much more interest BJland will have to pay for its Debts?
#Debt Level: BJLAND's net debt to equity ratio (42.9%) is considered high.
#Reducing Debt: BJLAND's debt to equity ratio has increased from 51.5% to 59.3% over the past 5 years.
#Debt Coverage: BJLAND's debt is not well covered by operating cash flow (12.4%).

Key information
Debt to equity ratio 59.3%
Debt RM3.55B
Equity RM5.98B
Total liabilities RM8.40B

@miniminer I think most of those old BJLand investors already left long ago or maybe dead? Only left day traders who's waiting for VT to dump? Good entry point is 20 sens & below as you may never know what other impairment loss VT might spring on you? A good example is the recent 99 million impairment loss from sale of GMOC. I believe the arbitration award is about 600 million? If it is not recoverable since the Guarantor for GMOC already declared bankrupt, there's another 500 million impairment loss hiding in plain sight?

miniminer

Ahhhaaa, there you go !!!
Robert Kouk is really taking care of their so call "valuable" investors. Thus, we celebrated his 100 years birthday.
For old BJland investors that lost most of their $$ and become B40, they only can wait and make sure they live longer than those who bullied them while pray for justice. .......hehehe...................

Constructive criticisms is always welcome to the Forum. According to Dato' Yeo, Asiaply made profit when MMA raw materials for manufacturing Asiaply's cell cast products dropped from USD2,750 Mt to USD1,400-USD1,350 Mt. Asian MMA price had dropped from USD2,257 Mt in December 2022 to current price of USD1,499 Mt as of May 2023? With increased exports to India, Middle East & US Market and improved company results in latest Qtr., Asiaply should start recording profit from coming Qtrs. in 2023 after economies of scale from Asiaply's new production lines & factory?. Also cashflow will be improved with cash receipt in June for balance of RM10.2 million from sale of 15% shares in Cyprium Wire Technology S/B for RM12 million. Latest Qtr. 4 Report indicated FD of RM14 million with Cash & Bank balance of RM10.35 million, so cashflow is not an issue.

https://www.chemanalyst.com/NewsAndDeals/NewsDetails/methyl-methacrylate-prices-show-bullish-trend-in-the-usa-and-asia-16938
https://theedgemalaysia.com/article/asia-poly-overlooked-stock-amid-pandemic

It's good that VT has been selling down his Berjaya shares to a Strategic Partner who could turnaround Berjaya Group's fortunes since none of his children has the business acumen to run his business and can only trade daily at Inter Pacific and talk bad about the company.

It's must be a good deal for VT to keep buying BJLand and selling BJCorp lately? Anyway privatisation is a bonus as BJLand already gives a ROI better than FD.

@kahhoeng

You guys must be crazy to bet on bland privatisation... Unless you're VT close buddies or family members

BJLand to benefit from latest Govt Initiatives to provide affordable housing for B40?

https://www.edgeprop.my/content/1905377/revised-budget-2023-%E2%80%93-property-highlights

https://vulcanpost.com/818488/vincent-tan-steps-down-berjaya-yayasan-myfirst-home-malaysia/

Good Qtr with 85M profit. Anybody can explain where the 105.9M dividend income came from?

https://www.theedgemarkets.com/node/656581

How to trust VT when Cakap tak serupa bikin? Walk the talk! announce the Definitive agreement on Purchase of MCIS then things could be different? Anyway thxs for the profit...might buy back later once it goes back to son in law price?

Yes all the newspapers missed this important announcement by BJLand today on cessation of 80.1% ownership by BJCorp, but who's the new owner?

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS DURING CLOSED PERIOD
BERJAYA LAND BERHAD

Subject Dealings During Closed Period
Date of announcement made for "Intention to Deal During Closed Period" 19 Jan 2023

No Salutation Name Designation Description Of "Others" Designation
1 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN Others Director of STM Lottery Sdn Bhd, a major subsidiary of the Company
Type of Transaction Others
Description of "Others" Type of Transaction Cessation
Date of Transaction 25 Jan 2023
Description of Securities Ordinary Shares
No of Securities Transacted 3,981,782,496
% of Securities Transacted 80.922
Consideration Malaysian Ringgit (MYR) 0.000


Remarks :
*Cessation of deemed interest held through Berjaya Corporation Berhad (the holding company of Berjaya Group Berhad and the ultimate holding company of Teras Mewah Sdn Bhd, Juara Sejati Sdn Bhd, Bizurai Bijak (M) Sdn Bhd, Prime Credit Leasing Berhad, Inter-Pacific Securities Sdn Bhd, Inter-Pacific Capital Sdn Bhd, Rantau Embun Sdn Bhd and Redtone Digital Berhad) and Berjaya Sompo Insurance Berhad pursuant to Section 8(4) of the Companies Act 2016.

Guess most of the weak BJLand shareholders has been flushed out including most of the short term day traders? Also I like what VT mentioned during BJCorp's a latest AGM related to BJland's activities which are crucial for BJCorp's successful restructuring:
"BJCorp is getting approval from BNM to turn itself into a financial holding company and will restructure itself into a financial services provider" BJCorp current activities includes stockbroking, asset & land management (BJLand) , lottery operations (BJLand), insurance (BJCorp's share in Berjaya Sompo already sold?), and credit leasing. Incidentally BJLand's core business includes - operations of Toto betting, leasing of online lottery equipment, and the manufacture and distribution of computerized lottery and voting systems, motor vehicle dealership, repairs and maintenance and aftersales services. It also provides development of residential and commercial properties, management and operations of hotels and resorts operations of recreational clubs, vacation timeshare and air charter business. All this activities are crucial for BJCorp's plan to turn into a financial holding company?

At the same time, Berjaya Corp remains in talks to sell several non-core assets (will VT sell part of BJToto's biz in Philippines parked under BJLand (leasing of online lottery equipment, and the manufacture and distribution of computerized lottery and voting systems) proposed by Jalil as mentioned in his restucturing plan) as part of an ongoing effort to cut its debt and exit non-performing businesses, he said.

“There are proposed disposal of BJLand properties e.g. like Berjaya Makati Hotel in Philippines, Berjaya Hotel Colombo in Sri Lanka, Berjaya Beau Vallon Bay Resort & Casino and Berjaya Praslin Resort in Seychelles, Berjaya Hotel Colombo in Sri Lanka, Sheraton Hanoi Hotel in Vietnam (70% owned by BJLand?) which are still in the midst of negotiations (and) are expected to be divested in the coming months," he noted.

On its property development business, Berjaya Corp through BJLand is planning a mixed development project in Iceland under the Four Seasons brand, Tan said. "Iceland has been a good investment for us," he said, without disclosing gross development value for the project.

Berjaya Corp has also secured development order for its Berjaya Hills Resort for the construction of 3,000 houses by BJLand?, he added.

BJCorp already started moving. BJLand will follows.
https://www.theedgemarkets.com/article/berjaya-land-returns-profit-1qfy2023-revenue-grows

Looks like VT's into reverse gameplay..just hold tight..treat as FD and wait for his next moves..VT's going to list a subsidiary in Singapore...maybe BJLand is next?

Currently, the public shareholding spread of BLand stands at 16.50%, a shortfall of 3.50%. The Management of BLand will continue to explore and identify a feasible rectification plan to address the shortfall in the Approved Public Spread.

skynet2000
Presently VT have revert the game play, he dispose off the 140mil shares to "friendly party" or "Proxy Player".
with one more round of 140mil shares disposal, Bj Land will back to liquitable position.
Then MEGA plans could be in place immediately afterward.
As what have been happened on Bj Land, at 2008, after price boosted, only declares plenty of MEGA projects at oversea.

Correct! Just collect quietly on any dips since BJCorp has turnaround, treat as FD & wait for VT to make his moves.

ocbc
@Simon2020
That why TSVT own close to 80% of Bjland than Bjcorp mah. Good stuffs keep more.

Very interesting. Looks like BJCorp's turnaround is mainly due to businesses parked under BJLand?

"The higher revenue is in line with the increased revenue in all business segments following the resumption of international and domestic travel and further relaxation of the COVID-19 standard operating procedures. In the non-food retail segment, H.R. Owen Plc ("HR Owen") generated higher revenue arising from the higher sales recorded from both new and used car sectors upon the gradual recovery in supply volume after the earlier supply chain disruption. The property segment reported higher revenue driven by higher property progress billings reported from its local project at The Tropika, Bukit Jalil, and higher sales from its overseas residence unit. The hospitality segment also delivered higher revenue as a result of the higher overall occupancy and average room rates reported by the hotels and resorts business, in particular from the hotels in Iceland after the easing of travel and social restrictions during the current quarter under review. The higher revenue in the services segment is driven by STM Lottery Sdn Bhd (formerly known as Sports Toto Malaysia Sdn Bhd) ("STM Lottery"). The higher number of draws conducted, which was forty two (42) draws in the current quarter under review as opposed to only twenty eight (28) draws in the previous year’s corresponding quarter contributed to the increased revenue by STM Lottery. The Group's profit from operations surged by about 779% to RM186.2 million from RM21.2 million in the previous year corresponding quarter, which was in tandem with the higher revenue reported by all the business segments.

There's a RM600M arbitration award due anytime to BJLand.
Once paid the previous impairment losess attributed will be reversed into gains for BJLand.

https://www.theedgemarkets.com/article/berjaya-land-wins-rm595m-arbitration-award-against-chinese-mall-buyer

Since VT is not sharing his moves, let's share the key events to lookout for on BJLand.
1. QTR. 4 result will be out by 24 August next week. BJLand should show improved results with opening of Covid restrictions & economy.
2. VT needs to sell another 2.948% or 14.74M shares to meet Bursa's 20% Liquidity spread by 22 Sept.
3. So far VT has only sold BJLand shares via direct biz transactions to friendly parties or proxies and not in open market. VT's apparently trying to convince minority he's meeting 20% liquidity spread or is he selling BJLand shares to a proxy in preparation for a GO sooner or later since all the money making assets is hidden in BJLand?

Either way there should be exiting times for BJLand shareholders before GE15?

skynet2000
Presently VT have revert the game play, he dispose off the 140mil shares to "friendly party" or "Proxy Player".
with one more round of 140mil shares disposal, Bj Land will back to liquitable position.
Then MEGA plans could be in place immediately afterward.
As what have been happened on Bj Land, at 2008, after price boosted, only declares plenty of MEGA projects at oversea.

We like VT's gameplay. Once he dispose another 1.36% or 66.6M BJLand shares via direct Biz Transaction to a friendly party of proxy player, VT will meet Bursa's minimum requirements of 20% liquidity float...then history may repeats as what happened in 2008...

@skynet2000
Presently VT have revert the game play, he dispose off the 140mil shares to "friendly party" or "Proxy Player".
with one more round of 140mil shares disposal, Bj Land will back to liquitable position.
Then MEGA plans could be in place immediately afterward.
As what have been happened on Bj Land, at 2008, after price boosted, only declares plenty of MEGA projects at oversea.

1)Direct interest
Tan Sri Dato' Seri Vincent Tan Chee Yioun
Direct (units) 66,660,400
Direct (%) 1.355
Indirect/deemed interest (units) 4,003,370,372
Indirect/deemed interest (%) 81.361
Date of notice 05 Aug 2022

VT has more then one political masters...being a shrewd bizman he's friendly with whoever can further his biz interests...just look at Johor, Pahang, Sabah & Selangor you'll understand.

If really rectified... let's wait for official announcement? Btw VT has been selling BJCorp via direct biz transaction to bankers for goreng purpose since GE15 is around the corner and is expected to fund his political masters?

Any compressed spring, rusty or not will bounce back once released! Just look at BJAssets.

Goodtimes coming to BJLand's 100% owned Icelandair Hotels, the largest hotel operator in Iceland.
"Revenue from non-Icelandic tourists during the first quarter of 2022 was just over 52 billion ISK compared with the same period last year when it was 7.9 billion ISK. Revenue from non-Icelandic tourists has increased by 337% in the last 12 months when compared with the same period the year before, from 56.8 billion ISK to 248.2 billion ISK.

Turnover according to VAT reports in Icelandic tourism sectors was just over 60.2 billion ISK in January to February, an increase of almost 122% from the previous year.

Estimated overnight stays in hotels in April were 290,000 compared with 49,624 in April 2021. The number of overnight stays by Icelanders were 99,000 (+178%) and the number of overnight stays by foreign guests were 191,000 (+1260%). In April, there were 389,967 departures of passengers from Keflavik airport compared with 18,868 in April 2021. Departures of passengers with foreign citizenship were 102,788 compared with 45,785 in March 2021"
https://www.statice.is/publications/news-archive/tourism/tourism-short-term-indicators-in-may-2022/

Nta of BJLand is 76 sens and BJCorp purchased BJLand shares from Penta at 38 sens should be an indicator? Btw BJLand has 35.6M shares in 7Eleven compared to 19.6M shares held by BJCorp...if Caring is sold for RM1.6B to Japanese buyers, BJLand will get a bigger windfall...Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN | https://www.klsescreener.com/v2/announcements/view/3578395

Juara Sejati still holds 45.52% shares in Redtone International...that makes it a major shareholder of Redtone?
https://klse.i3investor.com/web/insider/detail/SBSH_543891_2930861111

We believe any takeover offer will be initiated by Juara Sejati. Johor Royalty is on BOD of Redtone International?

Apparently Juara Sejati & BJCorp acquired BJLand shares from Penta Fund in 2019 for 38 sens per shares
Google search says that Juara Sejati is currently a subsidiary of Redtone International? https://www.edgeprop.my//content/1467250/bcorp-acquire-461-berjaya-land-rm87m

Juara Sejati currently holds 1.4B shares in BJLand. Anyone has more details?
3) Juara Sejati Sdn Bhd 1,399,360,850

More info on Bijurai Bizak, company controlled by VT?Subject was incorporated on 26 December 1974 in Malaysia under the name BIZURAI BIJAK (M) SDN. BHD. with registration number of 197401004147 (21243-W). BIZURAI BIJAK (M) SDN. BHD.'s business includes INVESTMENT HOLDING AND PROVISION OF SECURITIES TO RELATED COMPANIES FOR SECURING LOAN FACILITIES.

BIZURAI BIJAK (M) SDN. BHD. is a private limited company and has been existed for 48 years.

This the info that could be found on Bijurai Bijak. Apparently they are in the biz of loaning company shares to other companies for RSS? Anybody can volunteer more information?

Bizurai Bijak Sdn Bhd is based in Malaysia. The head office is in Kuala Lumpur. The company operates in the Finance and Insurance industry. The enterprise was incorporated on December 26, 1974. In 2021, the company reported a net sales revenue drop of 24.66%. Over the same period, its total assets grew by 5.9%.

Headquarters
Level 12 Berjaya Times Square No. 1 Jalan Imbi 55100 Kuala Lumpur Wilayah Persekutuan
Kuala Lumpur; Federal Territories; Postal Code: 55100

Thxs for the info. Looks like Teras Mewah with 969M & Bijurai Bijak with 607M holds the most shares in BJLand. Anybody has more details of these companies? I believe Teras Mewah is an unlisted subsidiary of BJCorp? Direct shares of BJCorp/BJGroup only 106M in BJLand? I believe Simply Wall St only took cognizance of BJCorp's direct shares of 106M in BJLand?

@skynet2000
Remarks :
Indirect Shareholdings No. of shares
------------------------------ ----------
1) Berjaya Group Berhad 105,786,400
2) Teras Mewah Sdn Bhd 969,288,914
3) Juara Sejati Sdn Bhd 1,399,360,850
4) Bizurai Bijak (M) Sdn Bhd 606,686,220
5) Prime Credit Leasing Berhad 14,528,532
6) Inter-Pacific Capital Sdn Bhd 81,000,000
7) Inter-Pacific Securities Sdn Bhd 100,000,000
8) Rantau Embun Sdn Bhd 40,000,000
9) Berjaya Sompo Insurance Berhad 35,771,580
10) Redtone Digital Berhad 2,000,000
---------------------
3,354,422,496
=============

Thxs for clarifying. So BJLand holds 34.6% in SIAMH and BJCorp holds another 51%. Once listed BJLand should also benefit right? Btw can anybody clarify how come BJCorp's holding in BJLand dropped to 19.7%, a drop of 74% from 79.7 previous. There were no announcement yet, apart from the 140m shares which BJCorp sold in direct biz transaction. Refer screenshot from Simply Wall St.
https://i.postimg.cc/bYTbDXQT/Screenshot-20220716-091631-1.jpg

What magic is this? Is it a mistake or true that BJCorp has secretly transferred 60% of its BJLand shares to another strategic partner? According to Simply Wall St., BJCorp now only left with 19.7% shares in BJLand from 79.7% previously as of 15 June, 2022.
https://i.postimg.cc/jd0fphgF/IMG-20220705-235031.jpg

The ball has started rolling?
2022-07-01
BJCorp Board Member
Non Executive Director Appointment - TUNKU TUN AMINAH BINTI SULTAN IBRAHIM ISMAIL on 01-Jul-2022.
https://www.klsescreener.com/v2/news/view/1012601