Posted by RedEagle > 2020-04-05 12:00 | Report Abuse

Satay Kajang >RM1
Expensive than Bjcorp..wait for what..just buy and hold dear

Posted by wantanmi > 2020-04-06 13:05 | Report Abuse

Recap on the news...The End is near?

https://www.theedgemarkets.com/article/berjaya-corp-confirms-new-hotel-apartment-project-greenland

Posted by TianTianHuat > 2020-04-07 11:53 |

Post removed.Why?

Posted by tkl88 > 2020-04-09 07:01 | Report Abuse

Wow, Fabulous!
Dow Jones closed at=> 23,433.57 (+779.71) (+3.44 percent) !

Posted by kahhoeng > 2020-04-09 14:42 | Report Abuse

wantanmi, you must be joking, BJCorp is using the money to buy shares in BJFood, BJLand, and BJCorp... BJCorp is understandable, BJLand only if BJCorp is really into privatizing BJLand, BJFood is a big joke, given an earlier news years ago saying BJCorp is looking to sell BJFood. Whats more, BJLand is spending 26 million buying shares in 7-11 and BJFood instead of offering a dividend to allow BJCorp buying those shares...

Posted by wantanmi > 2020-04-09 15:24 | Report Abuse

Do look at the Gamechanger ATM...RM26 million spend on buying 7-11 & BJFood shares when cheap is an investment. These investment in shares of essential services which are still allowed to operate and making money during MCO when other bizs are closed can be monetized with a profit anytime when the share market recovers. All people with finance & investment background should realize this...

Posted by kahhoeng > 2020-04-09 15:35 | Report Abuse

So, instead of weathering uncertain times during this Pandemic, you have suggested a different idea, investing when its cheap... Aren't you aware BJLand is a subsidiary of BJCorp while BJFood and 7-11 are either subsidiary or associate of BJCorp too?

Posted by wantanmi > 2020-04-09 15:53 | Report Abuse

Parity for shares swap sooner or later? The exchange ratio is getting closer to Penta's deal..btw BJ Group needs all the cash it can lay its hands on to weather uncertain times during this Pandemic...

Posted by wantanmi > 2020-04-10 09:24 | Report Abuse

Looking good! Many sellers at 20 sens...how low could it go?

Posted by Tan Huanjian > 2020-04-11 12:55 | Report Abuse

Share buy back but prices every day drop

Posted by kahhoeng > 2020-04-11 19:10 | Report Abuse

Tan Huanjian Sigh! You are right, share price keeps on falling despite the purchases, as if those money been thrown into the sea...

Posted by wantanmi > 2020-04-12 17:56 | Report Abuse

Yup! Keep up the good work! Sedikit2, Lama2 jadi Bukit! Already buyback 4% only 6% more to go before cancellation & shares swap?
Btw VT is very generous lately with shares buyback for Berjaya group shares and even waived rent for all Tenants of Berjaya Times Square during MCO period. More cash from Jeju Compensation & GMOC arbitration coming soon?
https://www.edgeprop.my/content/1671133/berjaya-times-square-waive-rent-all-tenants-march-18-till-april-14

Posted by firehawk > 2020-04-13 07:17 | Report Abuse

BCorpse price is now approaching BLand price, any opinion why should this happens?

Posted by foo > 2020-04-13 15:16 | Report Abuse

Which companies on Bursa have high cash and low debt
KUALA LUMPUR: The second extension of the movement control order to contain the Covid-19 outbreak — now totalling six weeks until April 28 — means that economic activities will remain subdued for at least another 14 days.
The pandemic, which has infected nearly two million and killed over 100,000 worldwide, presents the worst start possible for the recession expected ahead. As the infection curve has yet to near its peak, it is anyone’s guess on the depth of the economic downturn.
Against this backdrop, survival is the prominent concern now. Investors’ attention is drawn to companies’ balance sheets instead of growth prospects, which is widely expected to be minimal in the best-case scenario, as business volume dwindles and operating cash flow shrink.
Asia Analytica data shows that of some 880 listed companies (after excluding the 40 banks, insurers and investment trusts), 597 companies listed on Bursa Malaysia have cash that is less than their short-term liabilities.
Companies in many different sectors are underlined here, from furniture companies to retailers, automotive-related firms, and a wide range of manufacturers and trading companies.
Meanwhile, 223 listed companies have an interest cover ratio of below one times, meaning their earnings before interests and tax cannot cover interest expenses for a full year. The market capitalisation of most of these companies are below RM2 billion.
Some 321 companies were already in the red last year. Of the 599 profitable ones, around 45.6% of them saw profit decline in the period. Again, most on the list are small-cap firms, according to Asia Analytica data.
It is also worth noting that the economic downturn would be a tough test on companies’ sales quality. Companies with a high portion of credit sale with mounting receivables could be at risk amid the potential cash trap.
A random check shows that 75 listed companies or 8.2% have net gearing of over 100%. Sectors with the most companies in this category are logistics, construction, oil and gas, building materials and property development.
Others with net gearing of above 80% include power companies, telecommunications companies and building materials companies. Power producers’ liabilities are usually backed up by the steady cash flow from power purchase agreements.
On the flip side, notable sectors with low net gearing average include Internet and gas utility companies, and technology solution providers.
Of 79 generic companies with market capitalisation of above RM2 billion (ex-banks, real-estate investment trusts and insurers) only 22 have a cash ratio of above one times and net gearing of below 50%, led by Petronas Chemicals Group Bhd, Petronas Gas Bhd and IOI Corp Bhd.
As reflected by the price-to-book valuations, preference is given for companies with high cash, low debt, steady recurring income and high-quality clients, such as tech companies, and broadband providers.
There are also lesser-known small-cap companies that are cash-rich with sturdy past operations.
As a fund manager pointed out that a downturn is a brewing pot for merger and acquisition activities, as smaller, cash-rich companies with good assets or business prospects usually become undervalued after the market selldown.
The first quarter’s (1Q20) financial result will show how much cash was exhausted amid the two-week shutdown in the second half of March, while prospects of the entire half of 2Q20 being under movement restriction are still visible.

Posted by wantanmi > 2020-04-13 18:37 | Report Abuse

Bravo! Keep it up! Sedikit2, Lama2 Jadi Bukit..if everyday buyback 0.15%, by end May should reach 10% shares buyback mandate for shares cancellation & swap?

Posted by Eddysurge > 2020-04-14 09:32 | Report Abuse

Err. .n.n, wonder who's selling and buying?

Posted by wantanmi > 2020-04-14 11:17 | Report Abuse

Yup! American & European funds are selling...that's why...

https://ibb.co/3vJcPwK

Posted by Eddysurge > 2020-04-14 11:25 | Report Abuse

Yahoo's, can buy cheap cheap later.

Posted by Eddysurge > 2020-04-14 11:56 | Report Abuse

Why still many buying? More cheaper, more better.

Posted by wantanmi > 2020-04-14 12:15 | Report Abuse

Yup! Sell high now & since got Buyback by Taiko...Buy cheap cheap later on. Don't think share price will hold at current level with almost no income for 30 days already with 14 or more days to go...Talk about the Game Changer even VT didn't anticipate...

Posted by Eddysurge > 2020-04-14 12:22 | Report Abuse

My thought is better others buying now rather than taiko playing left & right so many years.

Posted by Live4Tea > 2020-04-14 19:02 | Report Abuse

Better sell first. Business very bad. Wait till 0.10 to 0.15 then buy lorr. Safer especially see so many companies going under.

Posted by Eddysurge > 2020-04-15 09:31 | Report Abuse

Must sell cheaper, yaa!

Posted by wantanmi > 2020-04-15 10:07 | Report Abuse

Yup! Chirpy Chirpy Cheep Cheep!

https://youtu.be/gGyPrmbgan0

Posted by wilsonchan87 > 2020-04-15 19:33 | Report Abuse

interesting. VT already indirect own Bjcorp nearly 66.7%

Posted by mf > 2020-04-16 00:25 | Report Abuse

Dow drops more than 600 points as coronavirus shutdown slams economy, bank earnings

Posted by wantanmi > 2020-04-17 19:35 | Report Abuse

Good job! Lydia. Already 4.49%...another 5.51% left to reach 10% buyback mandate...

Posted by ivanlau > 2020-04-17 20:19 | Report Abuse

company keep buyback but share price still no move...... what happen to this stock , market no confident to vincent tan ?

Posted by bbc99 > 2020-04-18 09:19 | Report Abuse

Slowly slowly u will see shares buy back power

Posted by Eddysurge > 2020-04-18 10:41 | Report Abuse

Hehehe.. good , you can witness century laughing stuff.

Posted by Ster333 > 2020-04-18 11:01 | Report Abuse

Something is brewing?

Posted by MamakKutty > 2020-04-18 11:05 | Report Abuse

coronavirus

Posted by Alex™ > 2020-04-19 09:41 | Report Abuse

If reach 10% how ah? Cannot buyback d?

Posted by firehawk > 2020-04-19 10:46 | Report Abuse

Bjcorp holds 76% of Bland, amid Bland rises substantially, Bjcorp drops substantially .... what is the rational behind?

Posted by wantanmi > 2020-04-19 12:00 | Report Abuse

Remember BJCorp's deal with Penta for BJLand?

https://www.edgeprop.my/content/1467250/bcorp-acquire-461-berjaya-land-rm87m

Posted by firehawk > 2020-04-19 15:55 | Report Abuse

He presses down the BjCorp share price is very unfair to Bjcorp SH ..... if BjLand SH get share swap 1 to 1, also not much advantage!

Posted by stockraider > 2020-04-19 16:17 | Report Abuse

THE EXCHANGE RATIO IS 38 SEN BLAND V BCORP 30 SEN MAH...!!

1.27 TO 1.0 RATIO MAH.....!!


BCorp to acquire 4.61% of Berjaya Land for RM87m
Facebook Twitter

AHMAD NAQIB IDRIS
January 31, 2019 | Updated 1 year ago
KUALA LUMPUR (Jan 31): Berjaya Corp Bhd (BCorp) and its wholly-owned subsidiary Juara Sejati Sdn Bhd have entered into an agreement with Penta Master Fund Ltd, PCM Industrial LP and Penta Asia Long/Short Fund Ltd to acquire 4.61% of Berjaya Land Bhd (BLand) for RM87.4 million.

In a bourse filing yesterday, the group said the 230 million Berjaya Land shares will be acquired for a total purchase consideration of RM87.4 million or 38 sen per share, to be fully satisfied via the issuance of 291.3 million BCorp shares at an issue price of 30 sen apiece.

*Berjaya Land inks deal to develop US$1b Four Seasons Resort in Japan

*Berjaya Land sells entire stake in Intercontinental Hanoi for RM222m

The stake purchase comes on the heels of an earlier announcement by BCorp executive chairman Tan Sri Vincent Tan of plans to restructure his business empire as shares of the group’s listed entities BLand and 7-Eleven Malaysia Holdings Bhd, are largely undervalued, for instance.

He indicated the restructuring could involve the sale of assets, the privatising of 7-Eleven Malaysia and BLand, and the listing of BLand’s hotel assets on the Singapore Exchange.

As at Jan 29, BCorp and its subsidiaries held a total of 3.61 billion BLand shares, or a 72.28% interest, and upon completion of the stake acquisition, will own 76.89% of BLand.

BCorp said the acquisition is an opportunity for the group to increase its stake in BLand without having to incur any cash outlay, thus mitigating any immediate impact to its cashflow for day-to-day operations and avoiding any incurrence of interest from bank borrowings.

“The proposed acquisition will eliminate any possible material decrease in the market prices of BLand shares should the Sale Shares be disposed of in the open market.

“The proposed acquisition will not only mitigate such risk, while at the same time enable the BCorp group to increase its equity participation in the future growth and prospects of the BLand group,” it said.

The group expects to complete the exercise within the first quarter of 2019. — theedgemarkets.com

Click here for more property stories.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.

Posted by kahhoeng > 2020-04-19 22:59 | Report Abuse

291.3 million shares issued to purchase Penta's BJLand shares, and I mistook it to 230 million shares. Sigh, still another 60 million shares to collect.

Posted by Talib > 2020-04-20 12:41 | Report Abuse

buy. tp 10.0 by calvintaneng

Posted by SDF2000 > 2020-04-21 10:59 | Report Abuse

BJCORP NOSH: 5,215 Million
BJLAND NOSH: 5,000 Million
4.3% Difference.
BJC and BJL price now hovering around 0.190 - 0.200
Is there a message here?

Posted by Alex™ > 2020-04-21 21:17 | Report Abuse

woi why my bjcorp drop? times square no ppl meh?

Posted by wantanmi > 2020-04-22 10:00 | Report Abuse

Yup! Will the carnage continues? if no changes in trajectory? or just as planned? mmm...mmm

https://themalaysianreserve.com/2020/04/22/berjaya-companies-miss-april-rally-effected-by-monetary-stimuli/

Posted by scanluver > 2020-04-23 11:47 | Report Abuse

Lotsa of folks here love to flog a dead horse. Where is that stupid crab TianTian Huat? :D

Posted by Alex™ > 2020-04-23 12:34 | Report Abuse

ha ha ha, hui hui hui, haha

Posted by Alex™ > 2020-04-23 12:35 | Report Abuse

why my bjcorp no up today? tipu punya con counter

Posted by Alex™ > 2020-04-23 12:35 | Report Abuse

everyday trap water fish

Posted by Alex™ > 2020-04-23 12:35 | Report Abuse

ini vincent tan buyback a bit slow...

Posted by iFag > 2020-04-26 18:43 | Report Abuse

paycut inkambing for berjaya Corp

Posted by scanluver > 2020-04-26 20:00 | Report Abuse

LOL..... There's a lot of trash in this group of companies that needs to be taken out. The amount of rubbish subsidiaries is enough to bleed out the company. Nothing short of a complete restructuring will save the it.

Berjaya Orders Austerity Measures

https://www.freemalaysiatoday.com/category/nation/2020/04/26/pay-cuts-as-tan-chong-berjaya-order-austerity-measures/

Posted by scanluver > 2020-04-26 21:06 | Report Abuse

The company's executive chairman Tan Sri Vincent Tan said in order to sustain the group which has been adversely affected owing to the temporary closure of its core businesses following the imposition of the Movement Control Order by the government, certain business units might need to be downsized and this could involve the retrenchment of "surplus staff." - About time!

https://www.nst.com.my/business/2020/04/587495/berjaya-group-announces-austerity-measures-deal-covid-19