BERJAYA CORPORATION BHD

KLSE (MYR): BJCORP (3395)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.315

Today's Change

-0.005 (1.56%)

Day's Change

0.315 - 0.325

Trading Volume

4,420,600


43 people like this.

45,454 comment(s). Last comment by Good123 3 days ago

Posted by sailang_now > 2021-06-17 13:39 | Report Abuse

Price ding dong around 30 sens, for show to start must break & stays above major resistance first?

Major resistant 0.335
Major resistant 0.31
Price 0.30

Posted by learner1234 > 2021-06-17 14:01 | Report Abuse

bulldog's huat chaiii hahaha..

scanluver

1,048 posts

Posted by scanluver > 2021-06-17 14:16 |

Post removed.Why?

scanluver

1,048 posts

Posted by scanluver > 2021-06-17 14:18 | Report Abuse

VT's fish trawler has already gone back to the sea. Who's taking the bait? Any volunteers?

sailang_now Price ding dong around 30 sens, for show to start must break & stays above major resistance first?

Major resistant 0.335
Major resistant 0.31
Price 0.30

paperplane

21,659 posts

Posted by paperplane > 2021-06-17 14:57 | Report Abuse

why you all wanna lobby in here. BJCORP got nothing for punters and losers one.
You see i hold 0.20 , add some along, im enjoying 50% return now.

Why everyday come here shit and talk cock. just get out lah if dont like, losers

paperplane

21,659 posts

Posted by paperplane > 2021-06-17 14:57 | Report Abuse

By the way, VT dont need your support also. sorhem

simon2020

442 posts

Posted by simon2020 > 2021-06-17 14:58 | Report Abuse

Since Jalil's Strategic Plan has been discounted by Market. He needs to provide more excitement like suggested below? Otherwise how to catch fish with no baits?

I like both ideas but Tvst being an old Fox will not showhand too early. Privatization is not the only option, It could also be takeover of the remaining 13% BlLand minority shares ala Ancom style in exchange for a mix of cash & shares in BCorp?

kahhoeng distributing all toto shares to bland shareholders as special dividend and bcorp inject other gambling business not owned by toto into toto in exchange for shares? that should be good.

kahhoeng not really lah, experts trying to gauge the impact of CEO's plan, and it's a difficult one given everything is still anything but vague... I would have expect Jalil to announce at least one concrete deal, like privatizing BLand with its listing status be transferred to a REIT comprising of BCorp buildings, malls, office buildings, etc. or sell to UMobile for backdoor listing...

stockraider

31,556 posts

Posted by stockraider > 2021-06-17 15:09 | Report Abuse

No need to work so hard mah!

BCorp already unveils three-year strategic plan to streamline business, unlock value

They already tell good news point mah;

THE KEY BULLISH POINTS;

1.Shares of BCorp currently trade at one-fifth of its peak value in 2010, and less than 0.2 times its net book value of RM1.78.

2.Abdul Jalil has since also acquired 181.57 million BCorp shares, representing a 3.61% stake.

Read this TA report carefully mah!

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.

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.

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.

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.

IF PEOPLE WANT TO ACCEPT & LISTEN THEN OK FOR THEM, BUT THEY REFUSE & IGNORE, THEN NO NEED TO HARD UP FOR THEM MAH!

ANYHOW ALL THE BJCORP SUPPORTERS & MACAIS WHO BELIEVE IN BJCORP HAVE NOT COLLECT ENOUGH MAH!

LET ALL THE ALLIES COLLECT ENOUGH 1ST LOH!


Posted by simon2020 > Jun 17, 2021 2:58 PM | Report Abuse

Since Jalil's Strategic Plan has been discounted by Market. He needs to provide more excitement like suggested below? Otherwise how to catch fish with no baits?

I like both ideas but Tvst being an old Fox will not showhand too early. Privatization is not the only option, It could also be takeover of the remaining 13% BlLand minority shares ala Ancom style in exchange for a mix of cash & shares in BCorp?

kahhoeng distributing all toto shares to bland shareholders as special dividend and bcorp inject other gambling business not owned by toto into toto in exchange for shares? that should be good.

kahhoeng not really lah, experts trying to gauge the impact of CEO's plan, and it's a difficult one given everything is still anything but vague... I would have expect Jalil to announce at least one concrete deal, like privatizing BLand with its listing status be transferred to a REIT comprising of BCorp buildings, malls, office buildings, etc. or sell to UMobile for backdoor listing...

simon2020

442 posts

Posted by simon2020 > 2021-06-17 15:29 | Report Abuse

Jalil should take note of Market's reception on his Strategic Plan which good for long term but should follow up with a shorter action plan on what's he is going to do in the next 100 days to bolster retail investors confidence which seems to be lacking in Berjaya nowadays.

stockraider

31,556 posts

Posted by stockraider > 2021-06-17 15:37 | Report Abuse

Now its execution time mah!

Action better than words mah!

They need to implement & execute much faster loh!


Posted by simon2020 > Jun 17, 2021 3:29 PM | Report Abuse

Jalil should take note of Market's reception on his Strategic Plan which good for long term but should follow up with a shorter action plan on what's he is going to do in the next 100 days to bolster retail investors confidence which seems to be lacking in Berjaya nowadays.


Posted by miniminer > Jun 17, 2021 3:33 PM | Report Abuse

Nampaknya, ada show pun besok petang atau next Monday, hope BJcorp will announce something good in more details la, market rated & responded negatively on it first 100 days high level re-org announcement, work harder please.......hehehe..................

hanna20

570 posts

Posted by hanna20 > 2021-06-17 15:39 | Report Abuse

What is Jalil's next strategy?

Everyone is waiting

stockraider

31,556 posts

Posted by stockraider > 2021-06-17 15:41 | Report Abuse

Now its execution time mah!

Action better than words mah!

They need to implement & execute much faster loh!

U cook rice also takes time mah!

Posted by hanna20 > Jun 17, 2021 3:39 PM | Report Abuse

What is Jalil's next strategy?

Everyone is waiting

simon2020

442 posts

Posted by simon2020 > 2021-06-17 15:58 | Report Abuse

Since Jalil uses Twitter he should Twit on progress of his actions for implementation at Berjaya as part of installing confidence & keeping investors updated instead of twittering on unrelated area everyday since everyone is waiting.

vespa

890 posts

Posted by vespa > 2021-06-17 16:10 | Report Abuse

simon2020, that was the impression I had too watching the interview.

"Jalil needs to dispel this notion to show who is in control"

Doubt VT would sit idly

Posted by Protectcap > 2021-06-17 16:21 | Report Abuse

Posted by hanna20 > Jun 17, 2021 3:39 PM | Report Abuse
What is Jalil's next strategy?

May be he should get some venture capital to come to participate the restructuring, and reduce the debt, same time give away some stake..cut loss 1-2 company as collateral damage

williamtkb

3,216 posts

Posted by williamtkb > 2021-06-17 16:23 | Report Abuse

Tomorrow limit down?

Posted by shortinvestor77 > 2021-06-17 16:26 | Report Abuse

Execution will take 3 to 5 years. Be patient to support lah.

Bettyem

661 posts

Posted by Bettyem > 2021-06-17 16:48 | Report Abuse

扎里勒你听到人们唱歌了吗?
https://youtu.be/2_RjOJuwdq0

scanluver

1,048 posts

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

Pray with VT at Tzu Chi?

hanna20 What is Jalil's next strategy?

Everyone is waiting

scanluver

1,048 posts

Posted by scanluver > 2021-06-17 17:18 |

Post removed.Why?

stockfreak

777 posts

Posted by stockfreak > 2021-06-17 17:18 | Report Abuse

Create more positive futuristic news.

scanluver

1,048 posts

Posted by scanluver > 2021-06-17 17:20 |

Post removed.Why?

scanluver

1,048 posts

Posted by scanluver > 2021-06-17 17:21 |

Post removed.Why?

lovetzy

458 posts

Posted by lovetzy > 2021-06-17 17:26 | Report Abuse

collected more haha

abc333

1,534 posts

Posted by abc333 > 2021-06-17 18:34 | Report Abuse

Jalil strategy is watching Euro , bet Holland

Davyau18

194 posts

Posted by Davyau18 > 2021-06-17 18:55 | Report Abuse

Not to worry guys....always the same, when news comes out they always press it down down under. When you least expect it....it will shoot like a Rocket for the Public to Chase....Always the same old scenario....

Davyau18

194 posts

Posted by Davyau18 > 2021-06-17 18:55 | Report Abuse

Hope i am right.....lol

stockraider

31,556 posts

Posted by stockraider > 2021-06-17 19:06 |

Post removed.Why?

bulldog

12,157 posts

Posted by bulldog > 2021-06-17 19:51 | Report Abuse

Accumulation in progress

Huat chaiii

Posted by Kristina Melody > 2021-06-17 20:20 | Report Abuse

wow, this stock has many active commentors!

Posted by shortinvestor77 > 2021-06-17 22:14 | Report Abuse

Down trending.

Poor Chai.

lovetzy

458 posts

Posted by lovetzy > 2021-06-17 22:26 | Report Abuse

only smart people can understand haahhahaha. Keep and wont regret

scanluver

1,048 posts

Posted by scanluver > 2021-06-18 00:58 |

Post removed.Why?

scanluver

1,048 posts

Posted by scanluver > 2021-06-18 01:01 |

Post removed.Why?

MichelleNg

1,031 posts

Posted by MichelleNg > 2021-06-18 05:52 | Report Abuse

Below 28cents can start collect?

lovetzy

458 posts

Posted by lovetzy > 2021-06-18 06:46 | Report Abuse

michelle, that won't happen hahahahahaa

stockraider

31,556 posts

Posted by stockraider > 2021-06-18 08:23 |

Post removed.Why?

Titan

4,159 posts

Posted by Titan > 2021-06-18 08:23 | Report Abuse

never say never le......I will continue to park at 20c....lol. If my trading account allowed good till date of 1 year, i will do it....LOL

Posted by sailang_now > 2021-06-18 08:26 | Report Abuse

Let's hope Jalil reads this & not only sits in his Ivory Tower admiring the furniture & TRX...

miniminer The first 100 days "mercun" must be high and loud then follow up with actions or some achievements of low hanging fruit (Baju Batik not an achievement pls). Canceling BJLand privatization expectation, let the long pending share spread issue hanging for BJland without replacement hope lead the "mercun" hit below ground with disappointments, thus, the leader need to continue firing up and keep the show warm, else, "Once song end, people will disburse" ......hehehe.........................
17/06/2021 4:38 PM

Bettyem 扎里勒你听到人们唱歌了吗?
https://youtu.be/2_RjOJuwdq0

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-06-18 08:32 |

Post removed.Why?

stockraider

31,556 posts

Posted by stockraider > 2021-06-18 08:43 | Report Abuse

The Bjland songs never end mah!

It is embedded in the overall Bjcorp plan loh..!

U see the value of Bjland cover 2 major areas:

1. It holds Bjtoto

2a. It owned big chunked of Bj properties so are hugely undervalue & not being value for years mah! Also some are in large prime locations like its Golf Clubs & Recreation Clubs easily can be converted to large property development. The clubs are landbanks & a store of value for Bjland mah!

2b. Berjaya Corp holds more than 80% equity of Bjland, thus it remains easy plucking fruits with little $$ can privatise already, just like what Syed Mokhtar Intend to do with MMC recently loh!

2c Thus Bjland remain the core assets for Bjcorp restructuring plan to unlock value & part of the Rm 2b to Rm 5b disposal plan loh!

Read this TA report carefully mah!

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.

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.


Posted by sailang_now > Jun 18, 2021 8:26 AM | Report Abuse

Let's hope Jalil reads this & not only sits in his Ivory Tower admiring the furniture & TRX...

miniminer The first 100 days "mercun" must be high and loud then follow up with actions or some achievements of low hanging fruit (Baju Batik not an achievement pls). Canceling BJLand privatization expectation, let the long pending share spread issue hanging for BJland without replacement hope lead the "mercun" hit below ground with disappointments, thus, the leader need to continue firing up and keep the show warm, else, "Once song end, people will disburse" ......hehehe.........................

Posted by shortinvestor77 > 2021-06-18 09:06 | Report Abuse

It plans for you to be poor.

Poor Chai.

simon2020

442 posts

Posted by simon2020 > 2021-06-18 09:55 | Report Abuse

Looks like no Oomph today.
Interesting to note VT sold another 2.52M 5% ICULS between 15~16/6.
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD | https://www.klsescreener.com/v2/announcements/view/3378387

stockraider

31,556 posts

Posted by stockraider > 2021-06-18 10:23 | Report Abuse

Accumulation in progress loh!

Huat chaii loh!

scanluver

1,048 posts

Posted by scanluver > 2021-06-18 10:42 |

Post removed.Why?

scanluver

1,048 posts

Posted by scanluver > 2021-06-18 10:49 |

Post removed.Why?

stockraider

31,556 posts

Posted by stockraider > 2021-06-18 10:51 |

Post removed.Why?

scanluver

1,048 posts

Posted by scanluver > 2021-06-18 10:51 | Report Abuse

Of course it is possible. Don't listen to gamblers who bought the top.

MichelleNg Below 28cents can start collect?

stockraider

31,556 posts

Posted by stockraider > 2021-06-18 10:54 | Report Abuse

WE ARE VALUE INVESTORS & NOT GAMBLERS LAH!

LU TAU BOH ?

Read this TA report carefully mah!

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.

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.

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.

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.


Posted by scanluver > Jun 18, 2021 10:51 AM | Report Abuse

Of course it is possible. Don't listen to gamblers who bought the top.

MichelleNg Below 28cents can start collect?

simon2020

442 posts

Posted by simon2020 > 2021-06-18 11:14 | Report Abuse

Jalil should take note of Market's reception on his 3 years Strategic Plan which good for long term but should follow up by announcing actions on what's he is going to do in the next 100 days to bolster retail investors confidence which seems to be lacking in Berjaya.

On the issue of crossholding, Berjaya companies is expected by Jalil to sell down their shares in other Berjaya companies to free cashflow for own biz operations rather than investing in related Berjaya companies. So expect more VT indirect intrest sale announcements as all Berjaya companies are facing cashflow problems under FMCO and survival is more important before any long term plan can be executed.

Post a Comment