Posted by everest > 2020-06-15 21:48 | Report Abuse

oh good profit , i will buy tomorrow and rebound back

Posted by Paulnga > 2020-06-15 22:49 | Report Abuse

Stingy old ｆｏｘ！

Posted by Jeffreyteck > 2020-06-16 08:18 | Report Abuse

Q2 may wipe out Q1 profit. Anyway, good for trading as there are many player.

Posted by Paulnga > 2020-06-16 10:36 | Report Abuse

See, like I said all the good news when apply to This counter, it become bull shot news!

Posted by Eddysurge > 2020-06-16 11:58 | Report Abuse

Both bjcorp & bjland privatisation door wide open. Creteria 1.investors no confidence investing. 2. Market cap no proportional to assets value 3. BOD create shadows price instead market price

Posted by gangnam > 2020-06-16 12:22 | Report Abuse

Lol... Bro ur right! Waiting for Uncle Tan's announcement...Creteria
1.Money received from GMOC Arbitration? 2. Compensation from Jeju finalized 3. Official announcement from Govt on JV with Berjaya to build new airport & redevelopment of Tioman? 4. Compensation from Selangor Turf Club?

Posted by kahhoeng > 2020-06-16 15:47 | Report Abuse

Doubt BCorp will be delisted...

Posted by kcgiap > 2020-06-16 18:32 | Report Abuse

everyday share buy back. Don't know what VT going to do? Privatization move.

Posted by Jeffreyteck > 2020-06-16 19:01 | Report Abuse

Berjaya Corp’s takeover of Singer deemed expensive.... so what? I'm the boss.

Posted by bbc99 > 2020-06-16 23:03 | Report Abuse

Ah Tan, u think u can live to 100.aah..fast fast get it up lah.. How long u wanna wait. No feel shame mei ur penny stock

Posted by kahhoeng > 2020-06-17 00:01 | Report Abuse

err... it's not fair requiring VT to 'fast fast get it up'. I would prefer VT start delivering shareholders' promises, like paying dividend, stop nonsense deal like buying his Singer, and further streamlining businesses to optimize the company. So long the company's businesses are better run and shareholders interest are taken care of, share price will move accordingly.

Posted by MichelleNg > 2020-06-17 00:13 | Report Abuse

Don't buy his shares. Only he got profit but not us

Posted by alakapala > 2020-06-17 09:19 | Report Abuse

I beli magnum, I taknak beli toto, toto kedekut, share tak naik naik

Posted by Eddysurge > 2020-06-17 09:31 | Report Abuse

err... Put it this way, from the past, we witnessed how the damaging can be done through acting like privatised behaviour. A fox can't simply turn sincere, truthful unless authority guidelines and strictly intact to the platform.

Posted by gangnam > 2020-06-17 11:08 | Report Abuse

Lol...don't worri so much about uncle fox...worri more about the cubs...about time authorities clam down on foxy players sooner or later...let's make hay while sun shines...

Posted by Leong1982 > 2020-06-17 12:31 | Report Abuse

Look at YNH Property, a property developer from Perak, its market capitalization (RM1.69B) is close to Berjaya Corp+Berjaya Land (RM1.82B)...

MALU LAH MACAM NI....

Posted by alakapala > 2020-06-17 13:04 | Report Abuse

dia takkan naik RM0.20

Posted by Douduo > 2020-06-17 13:10 | Report Abuse

Bergagal corp hahaha........

Posted by Ahmadahmad88 > 2020-06-17 13:20 | Report Abuse

hahahahaha

Posted by Leong1982 > 2020-06-17 13:27 | Report Abuse

Minority shareholders cry till no more eye tears if they invest in this company 10 years ago

many retiree uncle auntie lost their retirement savings

want to eat breakfast at kopitiam also no money

Posted by alakapala > 2020-06-17 15:08 | Report Abuse

jom beli esceram

Posted by wantanmi > 2020-06-17 15:08 | Report Abuse

Yup! News coverage on Berjaya is very good nowadays...more to come???

Posted by alakapala > 2020-06-17 15:21 | Report Abuse

why sold a bit， buy back，sold a bit buy back

Posted by yingzhe17 > 2020-06-17 15:22 | Report Abuse

bila nak private ni

Posted by Douduo > 2020-06-17 16:03 | Report Abuse

masuk angin keluar asap.....hahahaha...dream land.

Posted by scanluver > 2020-06-17 16:14 | Report Abuse

wantanmi, 888STOCK88 and Victor Yong living large on Fantasy Island :P

Posted by wantanmi > 2020-06-17 16:49 | Report Abuse

Yup! Pulau Tioman Redevelopment is good enough...guess who's that private firm identified by Pahang MB...very sure Pahang Royalty will be involved like Johore earlier? Btw like ur cameraman role in Redang?

https://www.nst.com.my/news/nation/2019/11/535771/tioman-airport-project-gets-go-ahead

Posted by Paulnga > 2020-06-17 16:55 | Report Abuse

Good news? Hahaha! Joker counter!

Posted by berry > 2020-06-17 18:06 | Report Abuse

DON'T EVER EVER TRUST VINCENT TAN...what he planned was his and his family wealth..be careful guys!!
Don't learn the hard way!

Posted by scanluver > 2020-06-17 20:06 | Report Abuse

Just trade around the 0.18 - 0.19 range and there should be enough spare change to buy potong for the whole family :D

alakapala jom beli esceram

Posted by scanluver > 2020-06-17 20:11 | Report Abuse

LOL, you are such a tool. What makes you think you are part of the action? :P

wantanmi Yup! Pulau Tioman Redevelopment is good enough...guess who's that private firm identified by Pahang MB...very sure Pahang Royalty will be involved like Johore earlier? Btw like ur cameraman role in Redang?

Posted by Leong1982 > 2020-06-17 20:36 | Report Abuse

Minority shareholders cry till no more eye tears if they invest in this company 10 years ago

many retiree uncle auntie lost their retirement savings

want to eat breakfast at kopitiam also no money

Don't have to do other charity, just help the minority shareholders!!

Posted by Douduo > 2020-06-18 09:34 | Report Abuse

Just merely a dream......dreamland. Typical china-man counter . Only taking care of themselves. With so much good news still can not go up. If dropped further they better hang themself and close shop.

Posted by bbc99 > 2020-06-18 17:17 | Report Abuse

Sooner or later, this counter will rise

Posted by scanluver > 2020-06-19 10:16 | Report Abuse

Very perceptive of you! It will certainly go up 0.005 before crashing down again.

bbc99 Sooner or later, this counter will rise

Posted by wantanmi > 2020-06-19 11:03 | Report Abuse

Yup! Just follow the wind...when dips buy...share buyback...sell...it takes two to tango...simple action... :)

Posted by Eddysurge > 2020-06-19 11:27 | Report Abuse

Again ! I am trying to sharing my view or regards this is a platform or way to collect capital for bussinesses, as a very same time investors can sought profits throughout bussinesses growing and profits.

Posted by Eddysurge > 2020-06-19 11:44 | Report Abuse

If possible don't touch berjaya group shares. Unless you slowly accumulate with plenty of backup. Besides, remind the government surveillance agencies to tackle the unfairness, privatised mindset by BOD

Posted by Eddysurge > 2020-06-19 11:48 | Report Abuse

With this kind of mindsets, I expect the price will become stagnant to low. The market trading becomes unrealistic and tricky.

Posted by gangnam > 2020-06-19 12:02 | Report Abuse

Lol...Bro! Privatise is the keyword. Somebody with large fund is accumulating cheap from foreign sellers. At the same time using company funds for shares buyback while discouraging minority..

Posted by Eddysurge > 2020-06-19 12:07 | Report Abuse

Please specify??? Anyone understood?? @ Oceansky

Posted by scanluver > 2020-06-19 13:34 | Report Abuse

Talk is cheap. Why don't you buy and show us proof?

wantanmi Yup! Just follow the wind...when dips buy...share buyback...sell...it takes two to tango...simple action... :)

Posted by stockraider > 2020-06-19 13:46 | Report Abuse

Vt is trying his very hard to support bcorp share with his constant personal ownself buy and the company share buy back mah....!!

Posted by kahhoeng > Jun 18, 2020 6:03 PM | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company...

Immediate Announcement on Shares Buy Back

BERJAYA CORPORATION BERHAD


Date of buy back 18 Jun 2020
Description of shares purchased ORDINARY SHARES
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 2,000,000
Minimum price paid for each share purchased ($$) 0.195
Maximum price paid for each share purchased ($$) 0.195
Total consideration paid ($$) 391,357.20
Number of shares purchased retained in treasury (units) 2,000,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 333,600,000
Adjusted issued capital after cancellation
(no. of shares) (units) 5,214,924,527
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 6.40000

Posted by scanluver > 2020-06-19 15:37 | Report Abuse

Get all the karimi and wantanmi to start buying. It will definitely hit 0.20 in no time. Huat, ah! :D

Posted by wantanmi > 2020-06-19 15:51 | Report Abuse

Yup! Just follow the wind...when dips buy!
company share buyback..sell!
learn from VT gang.. easy pocket money from
ah kong's company
no need dividend mah...Huat, ah! :D

Posted by kahhoeng > 2020-06-19 16:01 | Report Abuse

sslee, did you receive any rely from bursa or bcorp? I have yet to receive mine, thanks.

Posted by OceanSky > 2020-06-20 15:52 | Report Abuse

Berjaya Corp’s takeover of Singer deemed expensive

Kamarul Azhar
/
The Edge Malaysia

June 16, 2020 18:00 pm +08

BERJAYA Corp Bhd’s (BCorp) proposal to take over Singer (Malaysia) Sdn Bhd from Berjaya Retail Bhd (BRetail) and its largest shareholder, tycoon Tan Sri Vincent Tan Chee Yioun, at 19 times price-to-earnings ratio (PER) is deemed expensive.
The announcement elicited a mostly muted reaction from investors to shares in BCorp the following day (June 3). Its share price hardly moved that day, settling unchanged at 19 sen.
Investors whom The Edge spoke to expressed scepticism about the deal, especially the RM536 million purchase consideration being offered. At 19 times PER, they say, BCorp could have acquired stakes in other retail companies that give out better returns.
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An investor who declined to be named believes Singer will not be a good investment, as it is no longer a strong brand like before.
A check with the Companies Commission of Malaysia shows that Singer’s net profit grew 66.6% year on year (y-o-y) to RM31.6 million in the financial year ended Dec 31, 2018 (FY2018).
Investors are questioning the strong profit growth, however, pointing to Singer’s revenue, which grew only 3.5% y-o-y to RM321.96 million during the year.
“Revenue did not double during the year, so there must be something else that contributed to the almost doubling of the profits. I think margins in this kind of business are not very high,” another investor tells The Edge.
Over the last five years, Singer’s net profit dropped from RM34.63 million in FY2014 to RM18.95 million in FY2017. FY2014 recorded the highest revenue during that time, at RM492.5 million.
On June 2, BCorp said it had entered into a memorandum of understanding (MoU) with BRetail and Tan for the acquisition of Singer for a net payment of RM388 million, after set-off of the intercompany debts of Singer of RM148 million against the purchase consideration of RM536 million.

The acquisition will involve the issuance of new BCorp shares at 33 sen each, representing a premium of 14 sen, or about 74% to the stock’s closing price of 19 sen on May 29.
Under the proposal, BCorp will issue 1.18 billion new shares for the net payment of RM388 million. In addition, Tan will provide BCorp with a profit guarantee that Singer will achieve a net profit of RM20 million a year for the financial years ending Dec 31, 2020 and 2021.
Based on net payment of RM388 million for the 100% stake in Singer, this profit guarantee of RM20 million a year will translate into a net PER of 19.4 times, the announcement says.
As at press time, BCorp had not responded to queries by The Edge.
Investors’ scepticism of Singer’s profit margins is not unfounded. A comparison of Singer with Bursa Malaysia-listed manufacturers and distributors of electrical appliances such as Khind Holdings Bhd and Pensonic Holdings Bhd shows a wide net profit margin gap.
In FY2019, Khind reported a net profit of RM1.81 million on revenue of RM363.2 million. This translates into a net profit margin of only 0.5%. Meanwhile, Pensonic reported RM3.65 million in net profit on revenue of RM217.7 million for the nine-month period ended Feb 29, 2020, giving it a net profit margin of 1.7%.
In comparison, Singer reported a net profit margin of 9.8% in FY2018.
Khind traded at a trailing 12-month (TTM) PER of 4.73 times as at last Thursday. At RM1.74 a share, the company has a market value of RM70 million. The counter is thinly traded, with the highest volume year to date (YTD) being 51,200 units on June 1.
Pensonic traded at a TTM PER of 7.17 times as at last Thursday. At 27.5 sen a share, the Penang-based manufacturer has a market value of RM36 million. The counter has been on an upward trajectory since hitting the YTD low of 19 sen on March 23.
Given the vast differences in PER between Khind and Pensonic on the one hand and Singer on the other, investors are sceptical about who will benefit from the deal. The market’s muted response to BCorp’s share price indicates that it is doubtful that the group will benefit.
BCorp’s profitability in the 14-month period ended June 30, 2019 was affected by a RM417.3 million impairment charge on the value of its gaming rights.

Excluding the impairment charges, BCorp recorded a net profit of RM125.72 million on revenue of RM9.78 billion.
The profit guarantee of RM20 million a year for two financial years does not seem to be exciting enough for investors to pick up BCorp’s shares. Based on a net profit of RM126.72 million and the 5.22 billion shares issued, BCorp’s earnings per share (EPS) was 2.4 sen.
With an additional RM20 million coming from Singer, and assuming that the group’s net profit stays flat in the 12-month period to June 30, 2020 (FY2020), along with the additional 1.18 billion new shares, BCorp’s EPS would be slightly diluted to 2.3 sen.
BCorp’s outlook for FY2020 so far is bleak. In the six-month period ended Dec 31, 2019 (1HFY2020), BCorp reco

Posted by OceanSky > 2020-06-20 15:54 | Report Abuse

RM20 million profit per year with 1,175 million BjCorp shares swap.

It is Expensive deal for BCorp shareholders.

Posted by Eddysurge > 2020-06-20 16:45 | Report Abuse

Expensive deal is one thing. Action privatised way SDN bhd is serious thing to listing company.

Posted by scanluver > 2020-06-21 11:07 | Report Abuse

Good coverage by the Edge and kudos to the anonymous investors for voicing their opinions (not the stupid-crab wantanmi types). Valid point Eddysurge, Sslee's inquiry should be shared with all financial market news outlets. Keep the pressure on and don't let them get away with it.