After 6 consecutive quarters of net losses, Berjaya Corp returned to profitability this quarter. We announced 6% revenue & 546% pre tax profit increase, boosted by better operating performance and divestment gains
To understand the numbers, must note that Berjaya Corp is an investment holding co. Our business is owning other businesses so our results are a sum of all our companies. Better they perform better our results.
In the past, Berjaya Corp was dragged down by loss making operating companies (that eat into the overall profitability pool) and also impairments as result of value diminishing or writedowns
When I took this job one a year ago we identified what companies were dragging us down (and why). We fixed some quickly, some will bear fruit next year. There were non core investments that we put under divestment group that we have been working hard to execute
Some of this effort required shutting down some overseas operations. These closures have taken a huge chunk of potential losses and importantly reduced significantly the annual cash outlay to keep these companies going
The results can be categorised by three factors: ? Post pandemic recovery - macro ? Internal streamlining efforts - to reduce & eliminate losses ? Operational efficiency - improving existing companies
BCorp?s financial success is the collective success of all our businesses being profitable. Thank you to all my colleagues for all their hard work
LOL, dream on. BCorpse is still in austerity mode :D
Good profits but no show on share price unlike BJfood price jumped, thought should have some show at least, kasi la sikit AngPow ........hehehe................................
Dream can come true, you never know, even VT may not able to control his dream, who knows tonight he dream of BJCorp share price up and tomorrow he start "goreng"? Do not under estimate dream ler ......hehehe..................
Russia already bombed Ukraine's nuclear power station.... every where is a sea of red..... will the contagion spreads to Berjaya?
When Vt pumps n it flies a little Remember to take profit if you can Cut loss if you can't Remember Evergrande was Nevergrande Remember the Subprime Crisis? Which caused a market meltdown Many Sifus died Are no longer with us Many more will fall by the way side Were they disillusioned with Berjaya another Evergrande? Chasing empty dreams In VT's Wonderland Having lost everything Mortally wounded and Living with losses in silence? Only they know each n everyone one Rest In Peace, my friends Good bye Good bye, my friend Know that we will Not miss you Good bye Good bye, my friend Know that we will not feel Sad without you
Lol...In a sea of red why is BJCorp green?;Could it be the start of Uncle Tan's 70th Birthday Celebrations & turnaround for Berjaya Group? Since Uncle Tan has given the green light....better make the most of it...
No need to wait for Batikman's return. Just ask Bettyem, she works at BCorpse, no? Rule of thumb, if she didn't brag about it, then brace yourselves :D
Take profit if you can Cut loss if you can't Many Sifus already died No longer with us Many more fell will fall by the way side More will fade away Were they disillusioned with Berjaya? Chasing empty dreams In VT's Wonderland Having lost everything Mortally wounded and Living with losses in silence? Only they know each & everyone one Rest In Peace, my friends Good bye Bon voyage my friend Know that we will Not miss you Good bye Good bye, my friend Know that we will not feel Sad without you
py1818 Tks for your daily bulletin. BCorp has made another U-turn as already reached 0.215 after breaking support 0.23 earlier. BCorp at its best is only a trading stock, will never qualify for long term investment grade until it pays dividends, shows sustained & convincing profits for a few Qtrs...
Where is super hero Jalil even his latest talk on Money Matters last week didn't helps? Everything's so quiet that you can almost hear a pin drops...where are the Promoters? Even VT is busy elsewhere promoting a better tomorrow & Morvin is enjoying life as a new father in Berlin?
py1818 * @earlyretirement @sailang_now @bulldog BjCorp Highest price 0.50 Resistant 0.39 Resistant 0.35 Major resistant 0.335 Major resistant 0.31 Resistant 0.29 Resistant 0.27 Resistant 0.23 Price 0.215 Support 0.21? Verdict - A big UTURN has happened.
How to use buletin. If price go below support, downtrend. If price go above resistant, uptrend
So many people go buy and hold, waiting for BJCorp to hit the target price of RM7 or was it RM10? BJcorp is too big and Jalil got no power... I think the straw that broke the camel back was Jalil wanting to sell off BJToto. or maybe revalue the land in BJLand, something the Tan family dont want. Why share when you can keep these cash cow to yourself?
Hope he will materialize his words (Rm10) before leaving ...... If Rm10 cannot, Rm5 also good lah ..... If Rm5 cannot, Rm3 also good lah ...... If Rm3 cannot, Rm1 also good lah .......
or not even can achieve Rm1 , then ..... just leave like that?
According to BCorp's filing, Abdul Jalil has disposed of some 15 million shares in the conglomerate, trimming his direct stake to 3.318% or 171.57 million shares. The disposal took place via direct business transaction on Wednesday (March 16). On the same day, BCorp founder and largest shareholder Tan Sri Vincent Tan bought 15 million shares in the group via direct business transaction.
"Skin in a game" lucky TSVT buy back from him another 171.57 million to dispose will Batikman also kena margin call force selling?
think jalil just "transferring" back his shares to VT.....just like how VT "transferring" shares to him when he joined. Jalil shares majority acquired through DBT, not open market
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....
scanluver
1,048 posts
Posted by scanluver > 2022-03-01 16:55 | Report Abuse
LOL :D