see 14-month results next month, if +, swing upwards rapidly... :)
Berjaya Land Bhd (BLand) is buying a 75.0% stake in Icelandair Hotels in a US$53.6 mln (RM222.0 mln) deal that would allow the group to enter the luxury hotel segment in Iceland. The proposed acquisition is in line with the group’s geographical diversification and revenue expansion. (The Edge Daily)
Privatisation becomes myth after he announced Icelandair deal. Olympic Japan 24 July to 9th August, sold four season hotel Japan??? VT loves hotels collection, icelandair Hotel, Okinawa hotel, Jeju hotel etc.. investment. Probably not privatisation, where to get fund for above mentioned hotels.
i think the best bet is non privatisation but rather some announcement on privatisation again, the last time this happened in dec the price went from 0.18 to 0.30 in 3 weeks, thats already a 67% price hike better than privatisation
KUALA LUMPUR: The Securities Commission Malaysia (SC) will be implementing an action plan with the main objectives of supporting the National Anti-Corruption Plan 2019-2023 and the view to improve Malaysia’s ranking in the biennial Corporate Governance Watch survey by the Asian Corporate Governance Association. In a statement yesterday, the SC said it presented its action plan to the Cabinet Special Committee on Anti-Corruption (JKKMAR) chaired by Prime Minister Tun Dr Mahathir Mohamad last Thursday, with recommendations to strengthen the standards of corporate governance to prevent corruption, misconduct and fraud. The SC said JKKMAR had approved its recommendations to require listed companies to put in place anti-corruption measures, and for the SC to develop a framework to promote the effective discharge of directors’ responsibilities. It said JKKMAR had also agreed that several other measures proposed by the SC are to be discussed further with the Debt Management Office. “In view of the coming into force of the corporate liability provision in the Malaysian Anti-Corruption Commission Act 2009 in June 2020, the SC urges listed companies to prepare themselves and take the necessary measures to establish an effective anti-corruption framework in line with the Guidelines on Adequate Procedures,” it said. The SC said based on its review as at May 31, 2019, only 59% of listed companies had anti-corruption policy, and the majority of these policies contain gaps when compared with the Guidelines on Adequate Procedures.
guys, just stop the rumour of privatisation, which I and many of u would think the chance is slim. this , I just want to be fair to other people that will be misinformed and buy it and get stocked just like me . no hard feeling, just to be fair to everyone. we win and lose in stock market depending on luck and also our judgement
The situation now is a bit hard to spell out. Investors urged or willingly to see privatisation due to underperformed & manipulation one side , even we noticed market turbulence is going uncertain or getting worsened. A big project carried out, supposed to give valued, but no happened. Furthermore, the market value like shit still ignore by BOD , claiming only paper loss. If this the case, the reputation and remuneration should also accord with the situation.
Even though is from vt own mouth , we can't deny that he might just give fake news, we all know how vt spin his story and fact.
As u mentioned , privatisation had been mentioned since years ago, how long should we wait with the current price of new low?
Since the company is making a 1 gain of 18p million, why not distribute as dividend to the investors , as most of the bjland holders are street minority shareholder which would not cost that much minusing the 85% vt is holding ?
If privatisation is indeed true , why would u use the shareholders to buy Iceland hotel at this price at the cost of minority shareholders?
This is not a brilliant company at all, but is not the worst company too with billions of revenue and if managed by smarter people, I believe every quarter will give the company positive net earning.
There are promoters from both sides of the coin here, VT's Vs Minority?
Can somebody answer some questions? # why is there a persistent effort to block the price from rising? irregardless of good news or current Qtr. Profitability or Bursa performance lately? # why is NCBO imposed on BJLand & not other counters? # why VT moved all profit making Biz under BJLand? i.e. BJSports, HR Owens, Icelandair Hotels etc. where he has most control at 85%? # why the discount ratio between BJLand & BJCorp remains constant irregardless of their price? # why VT now making big plans for BJCorp/BJLand expansion & giving corresponding press release? i.e TVET?, Suzuki franchise?, Investment in Icelandair?, Collaboration with Monaco Royalty? HR Owens global showroom for Rolls Royce? Visit Malaysia 2020?
any grievances can be reported to MSWG Speaking to StarBiz, Minority Shareholders Watch Group (MSWG) chief executive officer Devanesan Evanson said that many businesses in Malaysia were still delaying their compliance with the requirements of Section 17A.
PETALING JAYA: Businesses in Malaysia have less than a year to comply with the legal anti-bribery provisions of the Malaysian Anti-Corruption Commission (MACC) Act, but concerns have risen on the readiness and awareness of commercial organisations, especially small-scale businesses. Questions have also been raised on whether local businesses have implemented adequate internal measures to prevent potential acts of corruption. If found guilty of an act of corruption under the soon-to-be-enforced Section 17A, the penalties imposed on a commercial organisation would be severe. A company could be fined not less than 10 times the value of the gratification or RM1mil, whichever is higher, or be subjected to imprisonment not exceeding 20 years, or to both. Come June 1, 2020, Corporate Malaysia must brace itself for the new anti-bribery measure as the government seeks to weed out corruption in the local business scene. In just 10 month’s time, Section 17A of the MACC Act will come into force and businesses operating in the country are expected to introduce adequate procedures to prevent acts of corruption. Without such procedures such as internal guidelines or staff training, companies and their directors could be prosecuted under Section 17A if an associated person such as an employee or subcontractor is caught involved in corruption for the benefit of the commercial organisation. Recall that the Parliament passed a bill in April 2018 to amend the MACC Act 2009, primarily with the insertion of Section 17A. The law was gazetted on May 4, 2018. Speaking to StarBiz, Minority Shareholders Watch Group (MSWG) chief executive officer Devanesan Evanson said that many businesses in Malaysia were still delaying their compliance with the requirements of Section 17A. “The good thing is, more and more companies, especially the public-listed companies, have started to show interest in preparing for Section 17A. “It is definitely not difficult to implement the adequate procedures, the companies just need the will to do it,” he said.
can do it under bjland :) KUALA LUMPUR (July 23): Berjaya Corp Bhd (BCorp) has refuted a news article which reported that the group's executive chairman Tan Sri Vincent Tan was poised to bring back the Suzuki marque to Malaysian shores. Referring to a particular statement in the report which said Tan was expected to fly to Japan early next month to sign a distributorship agreement with Suzuki Motor Corp, the group said this was "not true at all". The group added that it has requested the newspaper to correct the "misleading, untrue statement". "The board of directors of BCorp is also not aware of and has not deliberated on the above-mentioned arrangement," it added. Suzuki exited the Malaysian markets in 2016.
Knight Frank Malaysia managing director Sarkunan Subramaniam said in a statement yesterday that Malaysia’s property market is poised to gather more momentum moving into the second half of 2019 as the market is “firing various cylinders”.
PETALING JAYA: The Malaysian property market is showing signs of bottoming out, underpinned by government-driven initiatives such as the ongoing Home Ownership Campaign 2019 (HOC). Knight Frank Malaysia managing director Sarkunan Subramaniam said in a statement yesterday that Malaysia’s property market is poised to gather more momentum moving into the second half of 2019 as the market is “firing various cylinders”. In the same statement, the property consultancy said the HOC (which was extended six months till the end of 2019 from June 30 initially) will continue to stir interests among homebuyers while providing an opportunity for developers to clear existing stock. “The first half of the year also saw the launches of a few high-end condominium and serviced apartment projects on pockets of land in Kuala Lumpur city.” The campaign, a collaboration between the Housing and Local Government Ministry and the Real Estate and Housing Developers’ Association Malaysia, was initiated in January to increase home ownership among Malaysians and also to address the property overhang situation. Sarkunan is optimistic that the HOC will provide further traction to the housing market, including the high-end condominium and serviced apartment segments. “Many developers are participating in the HOC as it presents a good opportunity for them to clear their existing inventories and is positive for the residential market,” he said. The main incentives of the HOC include a minimum 10% discount on the property price from developers, stamp duty exemption on property sales and purchase agreements for properties priced up to RM1mil and stamp duty exemption for loan agreements up to RM2.5mil. On the commercial sub-sector, Knight Frank Malaysia said the looming supply and weak absorption continues to impact the Klang Valley office market, with rental and occupancy levels seen to be holding firm in the KL fringe and Selangor. “The availability of good grade office supply at competitive rentals and the expanding public rail transit lines have boosted the popularity of decentralised office locations,” it said. Knight Frank Malaysia valuation and advisory executive director Keith Ooi was of the opinion that in the tenant-led office market currently, landlords need to be realistic on their rental expectations. He said the growing co-working/shared services segment provides a small window of opportunity for letting. “Retail sales growth has improved although consumers remain prudent in their spending amid rising cost of living and slower income growth.” Ooi said mall operators are allocating a higher percentage of their leasable space for experiential retail purpose, while more retailers are integrating their digital and brick-and-mortar outlets in line with rapid changes in retail trend and consumer behaviour. ‘’Despite heightened competition in the retail market, prime malls continue to enjoy high occupancies with most garnering single-digit growth in terms of rental reversion,” he said.
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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....
shortinvestor77
5,487 posts
Posted by shortinvestor77 > 2019-07-22 10:45 | Report Abuse
Wait and see. Far less volume today.