Posted by shortinvestor77 > 2021-06-15 20:27 | Report Abuse

Tomorrow down kawkaw. Poor Chai.

Posted by iddcall1 > 2021-06-15 20:27 | Report Abuse

Huat cai

Posted by shortinvestor77 > 2021-06-15 20:33 | Report Abuse

Let the down market determine its value tomorrow. Poor Chai.

Posted by everest29029 > 2021-06-15 20:34 | Report Abuse

Sell on news tomorrow

Posted by scanluver > 2021-06-15 20:38 |

Post removed.Why?

Posted by scanluver > 2021-06-15 20:38 | Report Abuse

Of course, the questions is - does it trickle down to you? :D

awesome20 sell asset means money coming

Posted by Leoleo > 2021-06-15 20:45 | Report Abuse

Limit up

Posted by scanluver > 2021-06-15 20:48 | Report Abuse

Agreed but this type of high level BS resonates with 'Huat Chaiiii' gamblers in this thread. When it comes to this so-called restructuring plan, what exactly changed? Asking for a friend.

bignenen 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.

Posted by sailang_now > 2021-06-15 21:13 | Report Abuse

py1818 Tks for your daily bulletin & confirmation of trend reversal.
ps. Disgruntled Berjaya employees & minority shareholders here is your chance to exit & let others take your tickets.

py1818 *
@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.

Posted by shortinvestor77 > 2021-06-15 22:05 | Report Abuse

Down trending...

Posted by skynet2000 > 2021-06-15 22:09 | Report Abuse

From Q&A,


Jalil reckoned there were buyers on group subsidiaries, means it could be bj land.

However, Jalil opine the price offered was not to group favour, should be higher.



Still in negotiation process.
The deal will not affect the listing status.

No privatization in progress too.
Which means, bj land must found major buyer to take-over those shares to meet public spread.

The biggest challenge is on the selling price.

Posted by shortinvestor77 > 2021-06-15 22:17 | Report Abuse

Wait for another 3 to 5 years.

Posted by shortinvestor77 > 2021-06-15 22:19 | Report Abuse

VT huat already now. https://www.klsescreener.com/v2/announcements/view/3376687

Posted by BursaMaster121212 > 2021-06-15 22:46 | Report Abuse

after i look at the announcement, it is a bit too high level despite i know there are some details he cannot put in due to some compliance reasons..

anyhow, i think it is ok to reduce on tomorrow if u cannot wait....as some people especially internal staff will just sell on news...

Posted by learner1234 > 2021-06-15 23:04 | Report Abuse

@BursaMaster, in fact a useless announcement?

Posted by sailang_now > 2021-06-15 23:05 | Report Abuse

Currently all Berjaya companies has a cross holding ownership structure which needs to be addressed & unwound to attract more institutional holders from current 6%. So expect more trimming of non direct interest shares sales from various VT companies from time to time. As long as the direct interest controlling shares are not sold & tightly held by major shareholders & market can absorb the excess shares there shouldn't be major issues unlike the current sell down of Serba Dinamik.

Excerpt of Transformation Plan by Jalil.
Compliance and Governance - addressing the cross-holding ownership structure (current trimming of non direct interest through sale of shares by various non core business VT companies)

Posted by BursaMaster121212 > 2021-06-15 23:16 | Report Abuse

learner1234 @BursaMaster, in fact a useless announcement?

i will say too high level already....so market may not be too excited on this...

Posted by sailang_now > 2021-06-15 23:23 | Report Abuse

If too high level somebody has just simplified the impact of Jalil's Transformation Plan for benefit of everyone...

*BJCORP at 33.5sen*

- Bjcorp just announced its detailed restructuring plan, with key headlines figures such as RM2b divestment within 2 years, RM5b divestment within 5 years, paring 50% of borrowings/debts within 3 years.

- Operationally, Bjcorp has more than 20 types of businesses brands including lottery (Bjtoto), hotels & malls( Four seasons, ritz carlton, Berjaya time square, >10 berjaya brand hotels in Malaysia & overseas), brokerages & insurance(Interpac securities, Saigon bank, Berjaya Sompo), retail & food(Cosway, 7-eleven, starbucks, jollibean, kripy kreme), property development(Bjland), telco (redtone, u-mobile) and education (Berjaya college).

- The operations is too diversified and messy before this as it is not easy to manage such many subsidiaries. This have caused Bjcorp to trade at steep discount of its book value and been generating losses.

- Nevertheless, with Jalil coming into the board, we can see that Bjcorp’s plan is to streamline the whole business model to be more organised and unlock plenty of value within its assets. With the planned divestment of non-core assets by selling off unprofitable businesses, this can clean up the balance sheet and there are good potential to turnaround the business.

- Financially, Berjaya Corp currently has about RM1.2b cash and RM5b debt. Divestment of RM2b assets within 2 years (+40sen/share) and RM5b within 5 years(RM1/share) will largely strengthen the cash position and paring down debts. If everything is in line with the restructuring plan, Bjcorp potentially turn into net cash company within few years after clearing all loss-making operations.

- With the restructuring plan ongoing and Bjcorp turn into profit, this will also unlock the value of other core business which was previously discounted. There are plenty of value in the group’s subsidiaries; such as U-mobile(talks of going IPO), Bjtoto(defensive and churning good profit), 7-eleven, landbanks in Bjland (worth more than RM5-6b estimated) and many others which are yet to be factored in.

- To give a sense, Bjcorp now trading at only about 0.3x book value(a 70% discount to true value). If we strip out Bjcorp’s stake in Bjland and Bjtoto, its only 0.2x book value (a 80% discount). The conglomerate’s NTA is at RM1.18(excluding accretion from unlocking various busineses’ value), while current share price only 33sen. This means that there is a potential >400% share price upside if everything goes well for them.

- From TA perspective, Bjcorp attempts to rally from recent selldown(with low volume). It breakout and stay above near-term resistance of 32.5sen which is deemed healthy. Subsequent resistances are at 38.5sen and 46.5sen respectively.

Disclaimer: This is not a Buy/Sell call or any recommendations, just personal analysis. Do trade at your own risk.

Posted by stockraider > 2021-06-16 00:17 | Report Abuse

Great Just buy loh...!

Posted by sailang_now > Jun 15, 2021 11:23 PM | Report Abuse

If too high level somebody has just simplified the impact of Jalil's Transformation Plan for benefit of everyone...

*BJCORP at 33.5sen*

- Bjcorp just announced its detailed restructuring plan, with key headlines figures such as RM2b divestment within 2 years, RM5b divestment within 5 years, paring 50% of borrowings/debts within 3 years.

- Operationally, Bjcorp has more than 20 types of businesses brands including lottery (Bjtoto), hotels & malls( Four seasons, ritz carlton, Berjaya time square, >10 berjaya brand hotels in Malaysia & overseas), brokerages & insurance(Interpac securities, Saigon bank, Berjaya Sompo), retail & food(Cosway, 7-eleven, starbucks, jollibean, kripy kreme), property development(Bjland), telco (redtone, u-mobile) and education (Berjaya college).

- The operations is too diversified and messy before this as it is not easy to manage such many subsidiaries. This have caused Bjcorp to trade at steep discount of its book value and been generating losses.

- Nevertheless, with Jalil coming into the board, we can see that Bjcorp’s plan is to streamline the whole business model to be more organised and unlock plenty of value within its assets. With the planned divestment of non-core assets by selling off unprofitable businesses, this can clean up the balance sheet and there are good potential to turnaround the business.

- Financially, Berjaya Corp currently has about RM1.2b cash and RM5b debt. Divestment of RM2b assets within 2 years (+40sen/share) and RM5b within 5 years(RM1/share) will largely strengthen the cash position and paring down debts. If everything is in line with the restructuring plan, Bjcorp potentially turn into net cash company within few years after clearing all loss-making operations.

- With the restructuring plan ongoing and Bjcorp turn into profit, this will also unlock the value of other core business which was previously discounted. There are plenty of value in the group’s subsidiaries; such as U-mobile(talks of going IPO), Bjtoto(defensive and churning good profit), 7-eleven, landbanks in Bjland (worth more than RM5-6b estimated) and many others which are yet to be factored in.

- To give a sense, Bjcorp now trading at only about 0.3x book value(a 70% discount to true value). If we strip out Bjcorp’s stake in Bjland and Bjtoto, its only 0.2x book value (a 80% discount). The conglomerate’s NTA is at RM1.18(excluding accretion from unlocking various busineses’ value), while current share price only 33sen. This means that there is a potential >400% share price upside if everything goes well for them.

- From TA perspective, Bjcorp attempts to rally from recent selldown(with low volume). It breakout and stay above near-term resistance of 32.5sen which is deemed healthy. Subsequent resistances are at 38.5sen and 46.5sen respectively.

Disclaimer: This is not a Buy/Sell call or any recommendations, just personal analysis. Do trade at your own risk.

Posted by bulldog > 2021-06-16 00:43 | Report Abuse

Cabin crew
Please prepare for take off

Huat chaiii

Posted by Royce Chan > 2021-06-16 01:11 | Report Abuse

The announcement is in line with market expectation but has little impact beyond investors anticipation. Merely a streamlining of the group structure with core and non core entities in specific which is seen as not far from the current biz model except to place the group biz in a proper and direct manner without duplication. Yet the plan needs another mid to long term period to fully materialise which seems quite far fetched moreover with market uncertainties. The announcement still lacks a lot of details which will be announced only somewhere in July. Hence it's very sketchy and premature to comment on the Co till more info is avaliable. Should be neutral bias for now before more pertinent details are made avaliable.

Posted by 888STOCK888 > 2021-06-16 02:58 | Report Abuse

Huatt Liao

Posted by Jeffreyteck > 2021-06-16 07:12 | Report Abuse

Good time... diversification.
Bad time.... strategic focus.
Either way is just for goreng and trading play.

Posted by Leoleo > 2021-06-16 07:30 | Report Abuse

To the Marc
Pecah langit

Posted by paperplane > 2021-06-16 08:33 | Report Abuse

wonder how they going to reduce debts? Issuing debts now actually is better option with current low yield. Lock in 10-20 years funding cost, isnt it a better option, unless its selling non-core which is a good move.

Posted by cunoldfox > 2021-06-16 08:34 | Report Abuse

wah...many queue to buy...

Posted by cunoldfox > 2021-06-16 08:34 | Report Abuse

hoot 9 e

Posted by cunoldfox > 2021-06-16 08:46 | Report Abuse

wow...sky is the limit today

Posted by cunoldfox > 2021-06-16 08:47 | Report Abuse

don't miss this chance

Posted by bulldog > 2021-06-16 09:01 | Report Abuse

V1

Huat chaiii

Posted by shortinvestor77 > 2021-06-16 09:05 | Report Abuse

Prepare for hard landing. Plane may crash. Poor Chai.

Posted by shortinvestor77 > 2021-06-16 09:08 | Report Abuse

Wait for 3 to 5 years. Be patient.

Posted by shortinvestor77 > 2021-06-16 09:14 | Report Abuse

VT already Huat now. https://www.klsescreener.com/v2/announcements/view/3376687

Posted by shortinvestor77 > 2021-06-16 09:14 | Report Abuse

Keep disposing make him huat.

Posted by cunoldfox > 2021-06-16 09:15 | Report Abuse

look like public is not confident of the so call plan.

Posted by cunoldfox > 2021-06-16 09:15 | Report Abuse

hahaha

Posted by Stocker > 2021-06-16 09:17 | Report Abuse

Haha... so called strategic plans

Posted by cunoldfox > 2021-06-16 09:19 | Report Abuse

will back to 18 cents soon

Posted by cunoldfox > 2021-06-16 09:19 | Report Abuse

no story d

Posted by Stocker > 2021-06-16 09:23 | Report Abuse

Won't go back to 18 sen la... but it will not go up tremendously too

Posted by cunoldfox > 2021-06-16 09:23 | Report Abuse

everyone started to throw d.run

Posted by williamtkb > 2021-06-16 09:25 | Report Abuse

So good can queue to collect back.... Sales after CEO announcement on the plan

Posted by Royce Chan > 2021-06-16 09:26 | Report Abuse

As said announcement was sketchy lacking in material contents. Stock will soften lower in correction mode to cover any lower gaps and weaknesses before any concrete developments.

Posted by cunoldfox > 2021-06-16 09:26 | Report Abuse

VT cunning old fox already achieved his goal. sold a lot of bjcorp

Posted by bulldog > 2021-06-16 09:27 | Report Abuse

Flushing the weak holder

Huat chaiii

Posted by Stocker > 2021-06-16 09:27 | Report Abuse

All contra players thought it will shoot up... hahaha

Posted by stockfreak > 2021-06-16 09:28 | Report Abuse

This stock shot up yesterday due to CEO talk. Every time he talks, stock price will go up ..... for 1 day.

Posted by Kong CL > 2021-06-16 09:33 | Report Abuse

Lol... VT keep dumping huge volume happily!

Posted by williamtkb > 2021-06-16 09:35 | Report Abuse

Market not trust the CEO.... No rocket up this round. Hahaha

Posted by shortinvestor77 > 2021-06-16 09:41 | Report Abuse

Trapping ikan bilis.

Poor Chai.