BERJAYA ASSETS BERHAD

KLSE (MYR): BJASSET (3239)

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Last Price

0.28

Today's Change

-0.005 (1.75%)

Day's Change

0.28 - 0.28

Trading Volume

10,000


6 people like this.

1,865 comment(s). Last comment by Good123 6 days ago

zhangliang

728 posts

Posted by zhangliang > 2019-01-08 18:10 | Report Abuse

close strongly more to come!

SamuelLuke

2,020 posts

Posted by SamuelLuke > 2019-01-29 09:50 | Report Abuse

This suppose to be at least 40cents now become .28 wtf luckily didn’t come in ....it seems going further down somemore

Posted by commonsense > 2019-01-31 10:19 | Report Abuse

The main reason to why some investors is still interested in this company is due to Tan Sri Vincent Tan still high exposure in Berjaya Assets (directly and indirectly of which he still owns around 62% of the company). This especially when in December last year, he mentioned that he is looking to do some corporate exercises for assets under Berjaya Group. However please take note that he did not mentioned anything on Berjaya Assets Berhad (only on Berjaya Land, Berjaya Media, 7 Eleven and Berjaya Corp). So, it is still unclear whether Berjaya Asset turnaround is one of his top objectives in the near future.

In terms of financials, the company has been underperforming since FY16. 1Q19 result is a loss of RM300k. Expect the company to still record losses in FY19.

If you are looking to diversify your portfolio outside of Berjaya Assets (due to its earnings uncertainties) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.

Joseph

60 posts

Posted by Joseph > 2019-01-31 10:23 | Report Abuse

thanks for that man

i3param74

24 posts

Posted by i3param74 > 2019-03-04 21:35 | Report Abuse

So much buyback... Confirmed taking private

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-06 14:42 | Report Abuse

Ya a lot of buy back.. everyday buy buy buy

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-06 14:42 | Report Abuse

I can notice that.. i can smell that also.. I think they got something big behind this bjasset

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-06 15:08 | Report Abuse

Resistant line RM 0.32

Break already then got show again... 1 year 1 time show.. Thank you Tan sri vincent tan

keyin

2,150 posts

Posted by keyin > 2019-03-06 23:17 | Report Abuse

Vincent =old fox

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-06 23:51 | Report Abuse

Old is gold... vinent tan is 68 69 yrs old ad.. not much time left

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-07 10:09 | Report Abuse

Later bjasset do listing of Berjaya times square again + berjaya waterfront as Berjaya REITs.. Then Berjaya Asset will flying without brakes

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-07 10:41 | Report Abuse

Now technical chart very good for entry. If no believe then can see

https://klse.i3investor.com/blogs/targetinvest/196835.jsp

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-07 10:41 | Report Abuse

Consolidate very well and nice.. no harm to take long term position at bottom price

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-07 10:49 | Report Abuse

When no retailer buy, no volume in.. that is the best time to buy and keep.
Because this time the share price is the lowest..

Just like johotin

aikinlai

896 posts

Posted by aikinlai > 2019-03-07 12:20 | Report Abuse

Mom or son better?

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-07 13:16 | Report Abuse

This kind of situation.. of cuz buy the mother share la...

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-07 13:17 | Report Abuse

The warrant is given out becuz need to utilized the share premium acc. So they giv bonus warrant.

Vincent tan busy makan mother share.. not warrant

aikinlai

896 posts

Posted by aikinlai > 2019-03-07 13:48 | Report Abuse

I ingat mom up....son up toi n the % if gain should worth more.

aikinlai

896 posts

Posted by aikinlai > 2019-03-07 14:15 | Report Abuse

In fact VT ia buying bjland as well....

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-07 14:49 | Report Abuse

Bjland memang very good becuz bjland is direct own selabgor turf club at serdang area.. big project

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-07 14:50 | Report Abuse

But before can do development.. vincent tan need alot of $$$. Especially now the johor reclaimation need rm1b. So this 1b need to raise fund..

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-07 14:54 | Report Abuse

In the interview on company restructuring, there are mentioned of bjland, bjmedia going to be injected with some new business and some asset will be sold and some listed in singapore (hotel), but no mentioned of bjasset.

If u r smart, no mention means good bcuz good thing sendiri keep more.

Dun forget johor royalty got 13% stake.
And more than 6% is bought at rm1 before share split.. means after split is 50 cents cost...

aikinlai

896 posts

Posted by aikinlai > 2019-03-07 15:09 | Report Abuse

Thanks.
The insider is keep buying....then who is selling..?
Somemore like u say....VT countet offer only one time up....
Truly limited edition.

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-07 15:22 | Report Abuse

Buying is vincent tan.. selling are those impatient wait too long last time but cannot tahan and also those vincent tan proxy from interpacific lo

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-07 15:23 | Report Abuse

This counter can see most of those selling queue is from
1. Interpacific (vt brokerage company)
2. Maybank

aikinlai

896 posts

Posted by aikinlai > 2019-03-07 15:27 | Report Abuse

Thanks. Is very useful info

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-07 15:28 | Report Abuse

Johor sultan ydmm sultan ibrahim got 13%

U tell me.. wad will do if u are owner? Jangan main main o

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-07 15:32 | Report Abuse

Raise money is list golden asset out la...

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-07 21:21 | Report Abuse

Esok got chancie

aikinlai

896 posts

Posted by aikinlai > 2019-03-08 10:04 | Report Abuse

Really mamyak susah nak ambil.duit dari VT

aikinlai

896 posts

Posted by aikinlai > 2019-03-08 10:04 | Report Abuse

People just see VT counter ....straight ignore

moneykj

6,159 posts

Posted by moneykj > 2019-03-08 10:22 | Report Abuse

Targetinvest, come join me in Redtone. Next week will surge to rooftop 0.40.

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-08 10:34 | Report Abuse

Mahathir going to china to strike more deal and invite more investment from China..

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-08 10:35 | Report Abuse

Vincent Tan is waiting China company to develop his gem seabed land infront of singapore.
Just near to woodland entry.

If later got surprise announcement China CCC JV with BJASSET.. Boom!!! horseh liao share price will meletup.. April visit, now loading some and see see got strike jackpot anot

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-08 10:36 | Report Abuse

61 acre seabed fronting singapore. Berjaya Waterfront infront only. If strike deal, then unlock potential RM 1.8b value.. Now BJASSET market cap only 767m.. So use small knife cut big tree

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-08 10:37 | Report Abuse

Redtone ah!! ok ok.. Arranging flow.. marching on

moneykj

6,159 posts

Posted by moneykj > 2019-03-08 11:28 | Report Abuse

In 2017 March, Redtone surge from 0.38 to 0.60 in 3 days time. Last time results all red red. This time with consistent good results and price at 0.24. Buying Redtone is easiest choice.

BonZema72

219 posts

Posted by BonZema72 > 2019-03-08 14:19 | Report Abuse

Tan Sri Vincent Tan

targetinvest

2,675 posts

Posted by targetinvest > 2019-03-08 16:22 | Report Abuse

Kasi u chanceee la

BonZema72

219 posts

Posted by BonZema72 > 2019-03-09 14:55 | Report Abuse

wow.

stncws

10,728 posts

Posted by stncws > 2019-03-09 19:48 | Report Abuse

mahathir will help VT in china

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