BUY MAH....NOW IS THE BEGINING OF THE UP TURN MOMENTUM PHASE MAH...!!
Bjcorp, a public listed company not alien to most investors esp the retails as many of them bitten hard by the company share price. It has the most subsidiary companies listed companies in Bursa. Most of the company assets are within the golden triangle of KL with many of their biz are well known like MCD, Starbuck, 7-11 etc...However, share price is underperform in long term.
If you analyse the share price over the past 2 decades, not surprisingly the pattern of movement actually followed closely the movement of KLCI. The main difference is the uptrend is always short and sharp verse the bear run is long and correction is always more than 90%. From chart, the stock has successfully breakout from the mid to long term downtrend cycle. The run is just the beginning of another bull cycle and expect to complete in the next few years.
Any pullback will be a good opportunity to accumulate.
TSVT already voice out at local media, even agong aware of it. Good sign. More if foreigners institution can join, more good. NO yet seen. Jalil restructuring plan and big ideas , STILL Awaiting.
Hari Ini Dalam Sejarah Vincent Tan’s Berjaya Corporation Berhad (KLSE: BJCORP, stock-code 3395) has attracted punters and speculators for the last 2 weeks with great interest. The stock price more than doubled since end of September 2007 when the stock breached the resistance level of RM0.52 confidently and never look back. FinanceTwitter had blogged about the stock earlier as I was curious since the data from Bursa that showed Vincent Tan had acquired shares from Berjaya Corporation. Seasoned-players were not surprised with the soaring share price since Vincent Tan was known to be a master in frying his shares up during former premier Mahathir’s rule.
Refer links for more 10 year old stories on BJCorp & BJLand...
Fast Forward 10 years to 2018...in the Year of the Earth Hound ...
Now firmly in the driver's seat...Vincent Tan has started acquiring more shares in BJCorp & soon he will also acquire more shares in BJLand...
Will Vincent makes a series of announcements in 2018 to add excitement to BJCorp & BJLand to boost their share price $$$?
To raise funds for GE14 to gain political support for his pet projects?
We guess Uncle Tan subscribes to the maxim of Buy Low & Sells High...:)
Most of the BJCorp shares were transacted at the low price of 32 sens per share on the 14 th & 9th Feb, when Uncle Tan was busy acquiring BJCorp shares...
Soon we don't think you can get them at 32 sens anymore...as something is definitely brewing at BJCorp/ BJLand...since Bursa is still strong and now that...it's Reported that Parliament may be dissolved after Chap Goh Meh...so cannot wait until the next Qtr's results to Goreng?
"Let's say if BJCorp accounted only for Vietnam Property & Ritz-Carlton Residence Property Sales in the coming Qtr's results...the money added to profits should be in the region of : RM65 + RM708 = RM773 million or more?
* Vietnam Long Beach Phu Quoc Resort Project Sale of RM65 million
* Ritz Carlton Residences, Kuala Lumpur Project Sales of 60% x 1.18 Billion = RM708 million
"Mmmm...after all the negatives news have been discounted by the market...let's recap on the positives that could be reported in the coming quarter's results?
* Profit for Vietnam property sales? * Profit from Ritz-Carlton property sales? as most development costs has been accounted for earlier in the period it was incurred... * Compensation from Korean Government for cancellation of Jeju Property Project? * Early resolution on balance of payment from China Great Mall sales due to option for arbitration instead or court case? * Write back on earlier impairment costs? * Foreign exchange savings on loans... due to appreciation of RM? and the list goes on..."
Even The Chartist Thinks BJCorp Will Move Upwards in 2018 Soon?
Berjaya Corporation Bhd
I have mentioned previously that very likely BJCorp has completed its mega wave (2) correction after 7 long years of down-trend
I have mentioned about the divergence between price and OBV. Today BJCorp managed to break its upper trend line after gaining 1.5 sens and in the process it has formed five mini waves indicating the direction of a new up trend.
If its sub-wave i has only 5 waves then the magnitude is about there unless it is going for nine waves
BERJAYA CORPORATION BERHAD Observation from Chart:-
BJCORP forming "U" pattern?
Will it retest RM0.405 resistance level?
Other indicator:- MACD trade at positive region, uptrend sign. Stochastic %K on BUY call itinerary.
THE KEY POINT IS BCORP & BLAND HAD BEEN UNDERGOING LONG CONSOLIDATION FOR MORE THAN 7 YEARS....THAT MEANS INI KALI LAH....WILL LIKELY BE SUSTAINABLE MAH!
History tells, many investors kao bei kao bu ( grouses ) including me, no believing such conglomerate is loosing steam to others IPO as many many things can be done.
calvintaneng recommendation for newbies should carefully thinks over, since normally medium, long term as few year more encounter. And maybe cause corporate owners to be offensive. So , newbie should aware of it.
Yes, Friday morning was used to flush out the weakholders & contras by Operators to build the next base. There should be more upside with open support by VT & insiders.
U SEE OUT OF THE OFFICIAL BLAND 13% FREEFLOAT, THE OPERATOR MAYBE HOLDING ANOTHER 5% OF THE FREEFLOAT, THIS MEANS THE ACTUAL FREEFLOAT MAYBE EVEN LESSER SOMETHING LIKE 8% MAH...!!
IN ANYHOW....IF THE OPERATOR WANTS TO GORENG THEY DO NOT MIND COLLECTING MORE BLAND MAH.......AS THE END OF THE DAY, AS THE LAST RESORT THEY CAN ALWAYS APPROACH BCORP TO TAKE UP, SINCE THEY WANT TO PRIVATISE BLAND MAH!
right now l prefer Redtone than other,because low risk,net cash,future bright(5g rollout),q1 eps 0.73cts,q2 0.93cts,dividend 2019 1cts,2020 1.8cts and u mobile may listing.bjcorp own 44.83% .
When bcorp is on the upside from a low base...do not talk about risk lah...think how much u can probably can make loh!
Currently gain outweigh the risk mah!
Yes u need to manage risk....U may set the tolerable cut price just in case loh!
Posted by daretocutandchange > Apr 4, 2021 11:44 AM | Report Abuse
right now l prefer Redtone than other,because low risk,net cash,future bright(5g rollout),q1 eps 0.73cts,q2 0.93cts,dividend 2019 1cts,2020 1.8cts and u mobile may listing.bjcorp own 44.83% .
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Eddysurge
2,057 posts
Posted by Eddysurge > 2021-04-03 10:30 | Report Abuse
It's now more valuable than buying 4d, Toto 6D or jackpot. Chances strikes and get paid more attractive.