Sounds good to monetize some bigs assets & list telco biz Umobile through a backdoor listing after full takeover of BJLand?
VT can do it together with 7Eleven for Caring why not BLand as low hanging fruits with only 13% minority left to control all foreign & local assets & cash beneficial for Berjaya restructuring? A restructured & professional run Berjaya will be more attractive to foreign investors. The shell company after takeover can be used for backdoor listing of VT company like UMobile etc?
HuatAh8809 Heard some stafv this morning attended to Jalil meeting..
He said berjaya corporation is going to dispose a few big assets and then declare dividend..
Then will list telco business which can a few billions for the group..
already give free hotel stays for 2 years. I had one for 3 days 2 nights expiring end of this month, but who dares to stay in hotel now given covid-19???
Good news for BJCorp/BJLand gaming sector. "Gaming companies such as casino operators as well as number forecast operators (NFOs) are seen as direct proxies to the upcoming reopening of the economy, taking cues from the recoveries seen in the United States and the United Kingdom after mass dispensation of Covid-19 vaccines there.
Govt serious to reopen back Malaysian economy faster as more vaccines are approved like one dose vaccines Cansino & JJ Johnson & now Pfizer shots are approved for 12 years & above instead of previously only for 18 years & above. Refer link above.
Looks like BJLand currently biz will be broken up by BJCorp after takeover and placed under: 3. Property – Property Development, Investment Properties & Affordable Housing 4. Hospitality – Hotels & Resorts, Recreation Clubs 5. Services – Gaming (BJToto), Environment, Digital Services, Financial Technology
Key highlights: Divestments worth RM2 billion over 2 years and RM5 billion over 5 years Reducing BCorp debt level from RM5 billion to RM2.5 billion over 3 years Dividend policy for all operating companies
FOR IMMEDIATE RELEASE 15 JUNE 2021 BCORP GROUP CEO ANNOUNCES STRATEGIC TRANSFORMATION PLAN Berjaya Corporation Berhad (“BCorp”) Group CEO, Jalil Rasheed today unveiled a 3-Year Strategic Plan (2021-2024) to move the BCorp Group forward into an institutionalised high performing organisation. The strategic plan will transform the existing conglomerate into a consumer group with focused core business segments, each led by respective sector heads with oversight from the Group CEO. The five business segments will be reorganised as follows: 1. Retail – Consumer Marketing & Distribution 2. Food & Beverage – Food Franchises & Food Trading 3. Property – Property Development, Investment Properties & Affordable Housing 4. Hospitality – Hotels & Resorts, Recreation Clubs 5. Services – Gaming, Environment, Digital Services, Financial Technology This reorganisation will see BCorp, as the holding company, led by the Group CEO and a senior leadership team, playing a strategic role, and the operating companies taking on the operational & administrative functions. The Group’s strategic plan will anchor around Five (5) Key Pillars, to drive operational efficiency and execution: 1. Profitability 2. Governance 3. Process 4. People 5. Digital These pillars will be achieved through Four (4) Key Initiatives: 1. Streamline Identification of sub-segments & countries which we want to be in, divestment of noncore businesses and merger of overlapping businesses. 2. Improve Succession Planning - developing a talent pipeline amongst management level staff and a succession planning programme Compliance and Governance - addressing the cross-holding ownership structure Business Empowerment - creating a self-sustainable business model within the core business segments 3. Restructure Reassess existing operating model to realign with strategic objectives Corporate structure rationalisation to create a flatter organisation 4. Establish A Management Committee and Business Committee Define KPIs and performance monitoring deliverables Cost management and operational efficiency initiatives Digitalisation & sustainability frameworks Besides this, some key headline numbers identified are: Divestments worth RM2 billion over 2 years and RM5 billion over 5 years Reducing BCorp debt level from RM5 billion to RM2.5 billion over 3 years Dividend policy for all operating companies Commenting on the strategic plan, Jalil Rasheed said, “I’ve spent the past three months studying the businesses in detail and this strategic plan is to address the gaps we have (focus, discipline) and enhance the strengths (established brands in growth sectors). “This process will optimise our resources better, improve synergies and efficiency within the Group, and enhance corporate governance and transparency. This in turn, will transform BCorp into a high performing organisation and realise the unlocked value of the business.”
What is important is that there's now a plan compared to none previously. Also note key initiatives:
Key Initiatives: 1. Streamline Identification of sub-segments & countries which we want to be in, divestment of noncore businesses and merger of overlapping (BJLand takeover) businesses. 2. Improve Succession Planning - developing a talent pipeline amongst management level staff and a succession planning programme Compliance and Governance - addressing the cross-holding ownership structure (current trimming of non direct interest through sale of shares by various VT companies)
In Corp language, tomorrow market must support kau kau "Jalil's 100 days" product, the higher it goreng, mean the market is endorse VT/Jalil plan and their ideas/efforts are being appreciated, especially the support from bankers, otherwise, tak tahu nak cakap la .......hehehe..............
FOR IMMEDIATE RELEASE 1 June 2021 BCORP ANNOUNCES CHANGES IN THE BOARDROOM Berjaya Corporation Berhad (“BCorp”) has announced several changes in its boardroom effective 1 June 2021. These changes include: - 1. Appointment of five (5) new Independent Non Executive Directors to the Board namely, i. Datin Seri Sunita Mei-Lin Rajakumar; ii. Dato’ Leong Kwei Chun, JP (Dato’ Anne Eu, JP); iii. Dato’ Hisham Bin Othman; iv. Ms. Norlela Binti Baharudin; and v. Mr. Tan Peng Lam
Blablablabla all talks. I could write business initiatives like this when I was in college yonks ago (cgpa 4 flat mind you) . Why don't this joker pump another 40mil in, kasi goreng limit up abit.
* @earlyretirement @sailang_now @bulldog BjCorp Highest price 0.50 Resistant 0.39 Resistant 0.35 Price 0.335 Major support 0.335 Major support 0.31 Support 0.29 Major Support 0.27 Support 0.23
Verdict - Yes. Downtrend reversed, provided price able to stay above major resistant 0.31 and 0.335.
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....
sailang_now
650 posts
Posted by sailang_now > 2021-06-15 14:27 | Report Abuse
Sounds good to monetize some bigs assets & list telco biz Umobile through a backdoor listing after full takeover of BJLand?
VT can do it together with 7Eleven for Caring why not BLand as low hanging fruits with only 13% minority left to control all foreign & local assets & cash beneficial for Berjaya restructuring? A restructured & professional run Berjaya will be more attractive to foreign investors. The shell company after takeover can be used for backdoor listing of VT company like UMobile etc?
HuatAh8809 Heard some stafv this morning attended to Jalil meeting..
He said berjaya corporation is going to dispose a few big assets and then declare dividend..
Then will list telco business which can a few billions for the group..
This is going to be crazy