If u have holding average power, hold, otherwise sell it. It all about VT Next move, nobody really know about, from the NTA it hold, really a big discount But u dun know whether VT will realise it or just privatise it at lower price. But one thing for sure, vt still accumulating and holding big chuck of it, i still remember VT ever say, when the time is come, he will release the value when ppl ask about his corp few years ago. Good luck all.
Would you kindly assist in clarifying the status on the following issues, I am a shareholder of both Berjaya Corporation and Berjaya Land?
(1) Ritz-Carlton Residences KL I had, through various news published in Edge, noticed that Ritz-Carlton Residences KL has been completed since Dec 2017. However, the related announcement was not made during the FY 2018 2nd quarterly report, which was published end of March 2018. Would you kindly investigate into why the said project was not seeing any revenue or profit recognition, from beginning until the FY 2018 2nd quarterly report? If there has been any recognition of sales and profit, would you kindly point towards where the number has been reflected?
(2) Vietnam Property Project Disposal
It was reported in Vietnam Newspaper, through the following website,
the disposal of Berjaya Vietnam Property Project, Berjaya Vietnam International University Township One Member LLC and Vietnam Berjaya Financial Centre , for over USD 600 million. Is the said news TRUE and accurate? If yes, how is it possible the deal is not announced on Bursa?
Frankly what Berjaya Land CEO Datuk Pee Kang Seng and Berjaya Land senior general manager (properties marketing) Tan Tee Ming tells The Edge Financial Daily & FocusM about Ritz-Carlton Residences KL is already good enough for me to decide.
"The RM1.21 billion development was launched at end-2016 and still has approximately 100 units available from a total of 288 residential suites measuring between 1,023 and 4,284 sq ft. Prices range between RM2,384 and RM3,002 per sq ft.
Btw VT is currently in London dressed in Blue celebrating Cardiff's promotion to Premie League, once he returns, will BJland be Blue? with so much goods news for VT in 2018?
Nguyen Hoai Nam, general director of Malaysia’s Berjaya Viet Nam, told Dau tu (Invesment) newspaper that his company had sold its two projects in the city to another investor.
The Viet Nam Financial Centre (VFC) in District 10 and the Viet Nam International University Township (VIUT) in Hoc Mon District have register capital of US$930 million and $3.5 billion.
“We cannot disclose detail information because the two sides are on the discussion and all might finish soon,” he said.
freetospeak, are you referring to this? If yes, the sale is actually not confirmed yet, just close to getting a deal done. Maybe this is a more reliable news?!?
The HCM City property sector has continued to attract a lot of foreign investment, especially via mergers & acquisitions.
Nguyen Hoai Nam, general director of Malaysia’s Berjaya Viet Nam, told Dau tu (Invesment) newspaper that his company had sold its two projects in the city to another investor.
The Viet Nam Financial Centre (VFC) in District 10 and the Viet Nam International University Township (VIUT) in Hoc Mon District have register capital of US$930 million and $3.5 billion.
“We cannot disclose detail information because the two sides are on the discussion and all might finish soon,” he said.
The 7ha VFC, licensed in 2008, would have a five-star hotel, apartment and shopping mall.
The 925ha VIUT was also licensed in 2008. It needs to build a university on 100ha, while the remaining can be used for commercial, amusement, and residential facilities.
Nam said both projects face challenges and have thus been delayed.
“Following the sale, work will soon begin.”
Singapore-based Keppel Land announced that it is buying 40 per cent of the $1.2 billion Empire City in the Thu Thiem New Urban Area.
The 14.6ha project received a licence in 2015 for building an 86-floor tower with luxury apartments, office space and a retail area.
Besides property, science and technology services and tourism are attracting the most interest from foreign investors. — VNS
The Ritz-Carlton Residences KL was completed in 2017. There is no listing requirement to announce its completion. The sales and profit of sold units that have been recognized progressively were reported in the Segmental Information of the quarterly reports under the segment of Property Development and Investment. The sales and profit figure of the Ritz-Carlton Residences KL was not separately disclosed but was reported together with all the other property projects of the Group. The Group is not obligated to disclose the results of specific projects.
(2) Vietnam Property Projects
There is no confirmed deal as alleged in this article, and hence, no announcement is necessary.
I have sent another email as follow:
Dear Lydia,
If you can't disclose to me, would you be able to confirm if the financial reporting team be willing to offer some insight into the status of Ritz-Carlton Residences in the coming quarterly financial reporting? Its a 1.2 billion project, I believe minority shareholders would surely appreciate to learn about the project's profitability and sales condition.
Posted by kahhoeng > May 8, 2018 11:17 PM | Report Abuse
Received the following reply from BJCorp
(1) Ritz-Carlton Residences
The Ritz-Carlton Residences KL was completed in 2017. There is no listing requirement to announce its completion. The sales and profit of sold units that have been recognized progressively were reported in the Segmental Information of the quarterly reports under the segment of Property Development and Investment. The sales and profit figure of the Ritz-Carlton Residences KL was not separately disclosed but was reported together with all the other property projects of the Group. The Group is not obligated to disclose the results of specific projects.
(2) Vietnam Property Projects
There is no confirmed deal as alleged in this article, and hence, no announcement is necessary.
I have sent another email as follow:
Dear Lydia,
If you can't disclose to me, would you be able to confirm if the financial reporting team be willing to offer some insight into the status of Ritz-Carlton Residences in the coming quarterly financial reporting? Its a 1.2 billion project, I believe minority shareholders would surely appreciate to learn about the project's profitability and sales condition.
Thanks.
GOOD JOB KAHHEONG,
i3 Forum need more people like you and SSLEE doing constructive work which contribute to the benefit of all.
Since the Rakyat & Minority Shareholders has spoken...this calls for a double celebration...2018 is indeed a lucky year for Uncle Tan coming after Cardiff...we are very sure he will do his best for Country and both BJLand & BJCorp from now...anybody who still wants to sell cheap on Monday are welcome to do so as actually averaged down to 25 sens...so far only 30% invested with plenty of cash reserves :)
Lol..now that Tun M has said it...Vt and other tycoons will bring back funds from overseas to push up the value of the stock market and the spring on BJgroup shares will be released soon?
gangnam Lol...every day cried wolf on Vt...so when the real thing comes nobody realise it? 03/05/2018 17:51
KUALA LUMPUR: Dr Mahathir Mohamad assured he would lead a business-friendly administration and seek ways to boost Malaysia’s stock market in his first remarks after being sworn in as prime minister. “Our concern over the economy is the main thing,” Mahathir told reporters. “We would like to tell the business people to push up the value of the stock market." https://theworldnews.net/my-news/mahathir-reassures-business-aims-to-boost-stock-market
As a minority shareholders really suffer, can't cry wolf when being unfair treated for so long. TSVT is similar to ahjibgor. Minority similar to voter. Fortunately , freespeak said TSVT being suppress by BN, otherwise he will be labeled same as abjibgor. Is it right?
Its true ahjib bully vt hao gao in the past...when ahjib wihdrew the sports license...given by dr t...the share price drop from 1.80 to 10 sen....vt no choice retire to do charity in his prime age....withdraw most fund to invest in oversea..
The 3 biggest n richest org in malaysia were not listed....1.government 2.illegal syndicate 3.petronas.....most profitable.....illegal syndicate...60 to 100 billions sales annually...
Daim holds maiden meeting with heads of six GLICs today
Tun Daim Zainuddin, the head of the newly set-up Council of Eminent Persons as announced by Prime Minister Tun Dr Mahathir Mohamad on Saturday, who had invited and met with the chief executives of the six GLICs this morning. They are Datuk Shahril Ridza Ridzuan of the Employees Provident Fund, Datuk Abdul Rahman Ahmad from Permodalan Nasional Bhd, Datuk Wan Kamaruzaman Wan Ahmad of Kumpulan Wang Persaraan (Diperbadankan), Tan Sri Lodin Wok Kamaruddin of Lembaga Tabung Angkatan Tentera (LTAT), Datuk Seri Johan Abdullah of Lembaga Tabung Haji (LTH) and Tan Sri Azman Mokhtar from Khazanah Nasional Bhd. http://www.theedgemarkets.com/article/daim-holds-maiden-meeting-heads-six-glics-today
BJLAND owns the projects directly and BJC owns BJLAND.... so you will see the fine print like Astrid or T&C under BJC to say the VIUT is combined interest due to BJC owns BJLAND
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 > 2018-05-03 15:06 | Report Abuse
Now, one thing unrest the investors. Bjcorp is shifting it benefits to elsewhere like 1MDB case? Illustrated only because Malaysia weak at regulatory.