No surprise bjland back to 0.25sen again The bosd just do normal strategy like he alwsys for the past 20 years. So no need blamed him . He is still normal and healthy just same all money must inside my pocket dun left any single 0.001sen . Never
the govt wanted to receive more taxes = fighting illegal gambling activities to the maximum :) In fact, all illegal activities particularly involving tax evasion. :)
For 2019, it should be much better than last financial year, period.
FINANCIAL RESULTS For the financial year ended 30 April 2018, the Group registered a revenue of RM6.36 billion which was comparable to that reported in the previous financial year. In spite of a comparable revenue, the Group registered a significantly lower pre-tax profit of RM69.85 million during the financial year under review compared to a pre-tax profit of RM576.32 million registered in the previous financial year. The comparable revenue was primarily attributed to higher revenue reported by the property development and the hotels and resorts business segments arising from higher property progress billings and higher overall occupancy and average room rates respectively. These were off-setted by the lower revenue reported by Berjaya Sports Toto Berhad mainly due to the higher project contract sales reported by International Lottery & Totalizator Systems Inc., USA in the previous financial year. Despite having lower number of draws during the financial year under review, Sports Toto Malaysia Sdn Bhd’s (“Sports Toto”) revenue was on par with the previous financial year. The significantly lower pre-tax profit was mainly due to the net impairment made on certain quoted investments, assets held for sale, receivables and property, plant and equipment amounting to approximately RM180.63 million, unfavourable foreign exchange translation effect due to the strengthening of the Ringgit Malaysia and lower share of profits from its associated companies. During the year under review, Berjaya Kyoto Development (S) Pte Ltd, an associated company of the Group, reported lower number of units sold at the Four Seasons Residences, Kyoto, Japan compared to the previous financial year. These were partly mitigated by the improved profit contribution from the main business segments of the Group resulting from lower prize payout reported by Sports Toto, higher revenue and effective project cost reduction measures by the property development business segment, higher overall average room and occupancy rates reported by the hotels and resorts business segment. Furthermore, in the previous financial year, the Group recognised a one-off gain on settlement for surrendering certain assets and lease interest by a subsidiary company to the relevant authorities which amounted to RM184.64 million.
SIGNIFICANT CORPORATE DEVELOPMENTS as per 2018 annual report :)
Following the previous year’s report, I wish to highlight the following significant corporate developments:
1. As announced on 18 December 2012 and pursuant to the Supplemental Agreement dated 13 August 2012 entered into between Selangor Turf Club (“STC”) and Berjaya Tagar Sdn Bhd (“BTSB”), STC granted extension of time to 18 January 2019 to fulfill the remaining conditions precedent pursuant to the proposed acquisition of the Sungai Besi Land by BTSB.
2. On 16 December 2015, B-Land announced that Berjaya (China) Great Mall Co. Ltd (“GMOC”), a 51%-owned subsidiary of Berjaya Leisure (Cayman) Limited (“BLCL”) had entered into a Construction Project Transfer Agreement with Beijing SkyOcean International Holdings Limited (“Beijing SkyOcean”) for the disposal of the Berjaya (China) Great Mall Recreation Centre (“Contract”) located in Sanhe City, Hebei Province, the People’s Republic of China for a cash consideration of RMB2.08 billion (equivalent to about RM1.39 billion), (“Disposal”). The cash consideration was subsequenty revised from RMB2.08 billion to RMB2.039 billion. The Disposal was completed on 16 December 2016 but the balance of the revised consideration amounting to RMB974 million (“Final Instalment”) which was due in November 2017 was not paid. SkyOcean Holding Group Limited which holds 100% stake in Beijing SkyOcean, and its major shareholder, Mr. Zhou Zheng (collectively, the “Guarantors”) had guaranteed the performance of the obligations by Beijing SkyOcean pursuant to the Contract. On 7 December 2017, a notice of demand was issued to the Guarantors for the Final Instalment and accrued late payment interest. As announced on 19 January 2018, GMOC submitted a Notice of Arbitration to the Hong Kong International Arbitration Centre against Beijing SkyOcean and the Guarantors to seek recovery of the Final Instalment and accrued late payment interests as well as other reliefs. The Board is confident that GMOC will prevail in the legal proceeding to fully recover the Final Instalment amount.
3. On 15 February 2017, BLCL entered into a capital contribution transfer for the disposal of its entire 70.0% stake in Berjaya Long Beach Limited Liability Company to Sulyna Hospitality Hotel Restaurant Travel Service Company Limited for a cash consideration of VND333.25 billion (equivalent to about RM65.32 million). The disposal is expected to be completed by the end of 2018.
4. On 4 June 2018, B-Land announced that BLCL had entered into a Capital Transfer Agreement for the proposed disposal by BLCL of the entire remaining 32.5% of the capital contribution in Berjaya Vietnam Financial Center Limited (“BVFC”) to Vinhomes Joint Stock Company and Can Gio Tourist City Corporation for a cash consideration of VND884.93 billion (equivalent to about RM154.86 million) (“Proposed BVFC Disposal”). The Proposed BVFC Disposal is pending completion.
As per the annual report 2018 of bjland :) this biz segment should perform better in the current financial period as the government is fighting illegal gambling operators hard :)
OVERVIEW Berjaya Land Berhad (“B-Land”) and its subsidiaries (“Group”) is one of Malaysia’s leading companies with interest in gaming and lottery management, motor retailing, hotels and resorts, recreation development, vacation timeshare and property investment and development. PERFORMANCE REVIEW BY BUSINESS SEGMENTS GAMING The toto betting and related activities business segment of B-Land Group is operated via Berjaya Sports Toto Berhad (“BToto”). BToto is principally engaged in the operations of Toto betting, leasing of online lottery equipment, and the manufacture and distribution of computerised lottery and voting systems. BToto’s other business segments include the operation of a hotel in the Philippines and luxury motor retailing in the United Kingdom. BToto has four main operating subsidiary companies namely Sports Toto Malaysia Sdn Bhd (“Sports Toto”), Berjaya Philippines Inc., International Lottery & Totalizator Systems, Inc., USA (“ILTS”) and H.R. Owen Plc, United Kingdom (“H.R. Owen”). For the financial year under review, BToto reported a decline in revenue of 1.2% to RM5.66 billion compared to RM5.73 billion in the previous financial year mainly due to the higher revenue contribution arising from the higher project contract sales reported by ILTS in the previous financial year. Pre-tax profit increased marginally by 0.3% to RM377.23 million mainly attributed to the improved results reported by Sports Toto and H.R. Owen but was offset by impairment in value for certain available-for-sale investments and goodwill for the leasing of lottery equipment business in the Philippines as well as the lower results reported by Philippine Gaming Management Corporation (“PGMC”). MALAYSIA Sports Toto Malaysia Sdn Bhd (“Sports Toto”), the principal operating subsidiary of BToto, has approximately 680 outlets operating throughout the country, offering 7 games namely Toto 4D, Toto 4D Jackpot, Toto 5D, Toto 6D, Star Toto 6/50, Power Toto 6/55 and Supreme Toto 6/58 which are drawn three days a week. Grand Toto 6/63 was replaced by Star Toto 6/50 during the financial year under review. Revenue For the financial year ended 30 April 2018, Sports Toto recorded revenue of RM3.12 billion which is on par with the previous year’s revenue despite the current year having two draws less than the previous year. The company’s revenue for the financial year under review has been stated net of Gaming Tax as well as Goods and Services Tax (“GST”) on gaming supply. Sports Toto continued to remain as the market leader among all the Number Forecast Operators (“NFO”) in the country in terms of total revenue for the financial year under review. Profit Before Tax Profit before tax increased by 9.2% to RM363.0 million compared to RM332.5 million in the previous financial year. The higher profit before tax was mainly due to a lower prize payout in the financial year under review. Consequently, this led to a higher profit before tax margin of 11.6% compared to 10.7% in the previous financial year. Profit After Tax Profit after tax increased by 9.9% to RM253.5 million compared to RM230.6 million in the previous financial year, in line with the increase in the profit before tax. The higher profit after tax margin of 8.1% compared to 7.4% in the previous financial year was due to lower prize payout in the financial year under review. Prospects Effective 1 June 2018, the Government zerorised the GST, while the Sales & Services Tax (“SST”) is re-introduced to replace GST from 1 September 2018. Sports Toto does not foresee this would have significant impact to its operation. Sports Toto anticipates its business performance to be satisfactory and is confident that it will continue to maintain its market share in the NFO business for the financial year ending 30 April 2019.
just start with 1sen dividend per share .can use the treasury shares as share dividend too.. based on current super low price, dividend yield will be about 4% p.a. with just 1 sen div per share :)
Vincent Tan plans to list U Mobile by 2020, to delist Berjaya Land
V. Ragananthini /
19 Dec 2018 / 18:54 H.
KUALA LUMPUR: Berjaya Corp Bhd’s (BCorp) founder and executive chairman Tan Sri Vincent Tan Chee Yioun (pix) today announced a slew of corporate exercises, including the potential listing of U Mobile Sdn Bhd and the delisting of Berjaya Land Bhd (BLand) from Bursa Malaysia.
Speaking at a press conference, Tan said the listing of U Mobile will take place either in 2019 or latest by 2020. He noted that U Mobile, which has transformed the local mobile space with competitive pricing, is ready for listing with its positive earnings before interest, taxes, depreciation and amortisation (ebitda) and good customer base.
The group is also weighing the possibility of delisting BLand on Bursa Malaysia, which will then be listed on the Singapore stock exchange.
As for Berjaya Media Bhd, Tan said a profitable private company will be injected into it as part of its regularisation plan to be uplifted from Practice Note 17 (PN17) status before considering a privatisation exercise.
Tan expressed his optimism on BCorp’s business outlook in the coming year.
“We have some good positive things going on. For example, we have the environmental business, our sanitary landfill (for which) we are making headway overseas. We are constructing one in the Philippines now and are going to be building several there. We are also looking at Vietnam and a few other countries,” he said, adding that the environmental business holds bright prospects for the group.
Tan also said that he is planning to sell a prime asset – the Four Seasons Hotel in Kyoto, Japan, which could bring in a gain of disposal of US$350-400 million (RM1.46-1.67 billion) if the deal materialises.
“I think in the next 60 days, we are going to conclude that. I think we will do very well in the investment, we will make a big profit. This is the plan (but it is) subject to confirmation.”
Meanwhile, BCorp, which is working with the Pahang state government via a joint venture to develop an airport on Tioman Island, is hoping to secure approvals from the government in the next few months.
Terming this as a viable business, Tan said this will transform the island’s tourism scene while bringing in more investments.
Commenting on the gaming industry, Tan noted that sales of Berjaya Sports Toto Bhd have increased and will double if the illegal bookies are weeded out. He added that being the sole operator in Vietnam, the long-term prospect for its gaming and lottery unit in the country is good.
Speaking of Berjaya Food Bhd, Tan said there will be more Starbucks stores to be opened and business for the chain has been profitable.
Meanwhile, the revamp of the menu of Kenny Rogers Roasters has turned out well, with the restaurant chain recognising better sales.
VT can brag about future potential. However, if there's no earning reports that reflect these or dividends after asset disposal, what good is his words? Guess its equivalent to nothing but garbage.
It's no points to screw up the minority leftover with 38 cents offer in term of valuable bjland and long enough being profitless.Some more how you put bjcorp in dire ( very poor quality ) when you issued additional sum of shares to purchase bjland. After all, no privatisation or equivalent happen.I have to say that bjasset only use 26~27 cents to increase stakeholders of bjcorp believing new issuance shares.
It seems to me there's no fund interested to buy VT'shares for some reason right now. So, only option left is to have he himself or related companies buying...
Bjland holds 40%+ of bjtoto should rise also, right? Haha
BERJAYA SPORTS TOTO BHD
By Kenanga Research
Rating: Outperform (maintained)
Target price: RM2.95
BERJAYA Sports Toto (BToto) is seen as the most attractive sin stocks with its remarkable year-to-date (YTD) gain of 25%, mainly due to improving ticket sales.
This is a turn of fortune after having been suppressed in the past five years due to declining ticket sales.
Kenanga Research said that even with strong gains, BToto is still a laggard as it is the cheapest among sin stocks with its highest dividend yield.
It is offering more than 6% yield against the rest at more than 3% and as such, BToto can be a sector catch-up play.
The research house noted that enforcement efforts to combat illegal operators were healthy for number forecast operators (NFO) as the size for the black market is easily one to times bigger than licensed NFO volumes.
BToto saw a fairly encouraging rise in ticket sales by 5%.
Kenanga Research maintains its outperform call on BToto with an upgraded target price of RM2.95. It also raised its terminal growth from 1% to 2%, similar to Magnum Bhd.Meanwhile, non-Sport Toto contributions, which amount to around less than 20% of the group’s pre-tax profit, are still small and volatile. Philippine-based Prime Gaming Management Corporation continues to receive lower rental income until a new contract is sorted out while earnings from UK-based super sport cars dealer HR Owen were fairly volatile given the auto sales value and the volatility of pound sterling risk.
The group’s 10.2% owned Vietnamese NFO firm Berjaya GTI is still in the red and is unlikely to be profitable in the near future given the infant NFO market there.
With amla and cash deposited into banks exceeding rm20,000 must be reported to bank Negara by the banks will discourage gamblers buying tickets from illegal operators. People will be afraid of investigation performed by bnm in conjunction with irb. Predicting bjland will perform better this financial year as it holds 40%+ of bjtoto. :)
Lol...who knows...as 85% majority owner of BJLand, BJCorp & Uncle Tan might just declare BJLand's 40% ownership in BJToto as dividend in specie in lieu of cash to make BJLand shariah compliant to enable cash rich royalty to invest in BJLand's property biz to alleviate the public float issue facing BJGroup? This will kill 3 birds with one stone for Uncle Tan on public perception for investibility of BJCorp, BJToto & BJLand by public & investment funds apart from Penta for a win win solution?
Interesting! gangnam brother, can you illustration specific a bit, how is this plan affected the company above? We know uncle Tan smells the bjtoto can stay OK ,did he starting plans to own it?
Lol..can follow the PriceWorth path...whose share price tripled last year from 10 sens to more than 30 sens!..just bring in a high net worth investor like Royalty/EPF to buy off market a substantial stake stake e g 10% of BJLand from BJCorp...but before that...as 60% majority shareholder of BJCorp, Uncle Tan needs to get BJLand to monetize it's 40% share in BJToto by declaring it as Dividend in Specie for all BJLand shareholders including BJLand, Uncle Tan etc. to make BJLand shariah compliant after getting out of the gambling biz...this way BJCorp/ Uncle Tan gets to own directly 85% of the 40% BJToto shares declared as dividend in specie without coming out with any cash since Uncle Tan already smells it OK... Once BJLand is shariah compliant big local funds like KWSP, Tabung Haji can invest in BJLand property/ land development biz to inclease it's liquidity...once that happens BJCorp, BJLand & BJToto will move upwards without resorting to the current practice of right-hand selling to the lefthand to influence the market...
Lol...u need to look at the bigger picture just sell 10% of BJLand shares at the ratio of 38/30...same deal as Penta...pay RM4 million premium to lay hands on RM1.4 Billion worth of BJToto shares currently owned by BJLand(40,%) surely a win win situation for BJCorp, Uncle Tan and others as well? No need to be a 'dog in the manger' right?
all could also possibly due to liar-mentality and crappy management drives away fund managers, resulting in VT having to buy himself or through his associated companies...
So gangnam brother, you could'nt steal son wife, is no moral by offering cheap price. You admires bjtoto, let talk and unite as family. So , family will booming.
Bursa and SC have kept quite allowing the BJLand conversion of late, there's no more issue with shareholding spread concern right now. It will be only if VT decide to buy more...
Direct (units) 191,564,000 Direct (%) 3.839 Indirect/deemed interest (units) 3,686,874,996 Indirect/deemed interest (%) 73.894 Total no of securities after change 3,878,438,996
Remarks : Indirect Shareholdings No. of shares ------------------------------ -------------------- 1) Berjaya Group Berhad 64,286,400 2) Teras Mewah Sdn Bhd 1,214,144,984 3) Juara Sejati Sdn Bhd 1,471,691,000 4) Bizurai Bijak (M) Sdn Bhd 659,100,000 5) Prime Credit Leasing Berhad 14,528,532 6) Inter-Pacific Capital Sdn Bhd 81,000,000 7) Inter-Pacific Securities Sdn Bhd 100,000,000 8) Rantau Embun Sdn Bhd 40,000,000 9) Berjaya Sompo Insurance Berhad 42,124,080 --------------------- 3,686,874,996 =============
Direct (units) 69,150,400 Direct (%) 1.386 Indirect/deemed interest (units) 4,156,086,872 Indirect/deemed interest (%) 83.298 Total no of securities after change 4,225,237,272
Remarks : Indirect Shareholdings No. of shares ------------------------------ -------------------- 1) Berjaya Corporation Berhad 191,564,000 2) Teras Mewah Sdn Bhd 1,214,144,984 3) Juara Sejati Sdn Bhd 1,471,691,000 4) Bizurai Bijak (M) Sdn Bhd 659,100,000 5) Prime Credit Leasing Berhad 14,528,532 6) Inter-Pacific Capital Sdn Bhd 81,000,000 7) Inter-Pacific Securities Sdn Bhd 100,000,000 8) Rantau Embun Sdn Bhd 40,000,000 9) Berjaya Group Berhad 64,286,400 10) Berjaya Sompo Insurance Berhad 42,124,080 11) Desiran Unggul Sdn Bhd 224,000 12) Hotel Resort Enterprise Sdn Bhd 56,600,000 13) Berjaya Times Square Sdn Bhd 55,881,000 14) Berjaya Bright Sdn Bhd 88,083,000 (Formerly known as Sublime Cartel Sdn Bhd) 15) B & B Enterprise Sdn Bhd 768,700 16) Berjaya VTCY Sdn Bhd 59,891,176 17) MOL.com Sdn Bhd 2,200,000 18) Berjaya Retail Sdn Bhd 14,000,000 ---------------------- 4,156,086,872
Name & address of registered holder (1) PCM Industrial LP, Craigmuir Chambers, Road Town Tortola, BVI - Disposed 40,000,000 (2) Penta Master Fund Ltd, Craigmuir Chambers, Road Town Tortola, BVI - Disposed 130,000,000 shares (3) Penta Asia Long/Short Fund Ltd, Craigmuir Chambers, Road Town Tortola, BVI - Disposed 60,000,000 shares
No of securities disposed 230,000,000 Circumstances by reason of which a person ceases to be a substantial shareholder Direct Business Transactions to UBS Securities Malaysia Sdn Bhd. Penta Investment Advisers Ltd is adviser to the fund.
Nature of interest Direct Interest
Date of notice 05 Mar 2019 Date notice received by Listed Issuer 05 Mar 2019
Remarks : Direct Interest No. of Shares ------------------- ------------------ (1) PCM Industrial LP 165,734,696 (2) Penta Master Fund Ltd 1 (3) Penta Asia Long/Short Fund Ltd 451,292
While BJCorp owns only about 77.7% of BJLand, VT actually owns about 84.6% of BJLand. If Penta ownership is included, VT already controls about 88% of BJLand. With less than 600 million shares that's actually floating, its difficult to believe Bursa and SC have acted in the best interests of minorities when approving the transaction without informing minorities VT's next move.
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 > 2019-04-05 20:48 | Report Abuse
Cynically speaking, getting gov contract, share price will up,. Bjland mines already there, still will loss money.