Posted by Valueseeker > 2016-03-04 09:20 | Report Abuse

I thought it was Bursa's requirement to update on MOU ? I vaguely remember years ago when a number of PLCs abused the China play by having MOUs which eventually were called off. Bursa then came up with
a requirement for the PLCs to update on these MOUs. Anyone know for certain on this matter ?

Posted by KCGOH1234 > 2016-03-20 10:51 | Report Abuse

forget about BCB, they have screwed up concerto project in north kiara

Posted by KCGOH1234 > 2016-03-20 10:51 | Report Abuse

now major rectification work and will incur a lot of costs, Buyers displeasure and reputation tarnish

Posted by KCGOH1234 > 2016-03-20 10:52 | Report Abuse

water leakage from bathroom and poor finishing

Posted by KCGOH1234 > 2016-03-20 10:53 | Report Abuse

promised buyers where they have advanced technology to prevent water leakages, now like the whole block leakages, what a big joke by BCB. Don't ever trust them, and good luck for all shareholders before it is too late.

Posted by ljmeng > 2016-03-20 12:06 | Report Abuse

Bcb is a lanjiao developer..... langsung tak boleh pakai!

Posted by mahorse > 2016-03-20 13:18 | Report Abuse

: ) KC.. you are unhappy with property stocks...YNH, Ivory, BCB....any others to share ?

Posted by Icon8 > 2016-03-20 13:39 | Report Abuse

KC I saw your postings about Aspen and Star also highlighted them. Has Aspen settle all debts to Ivory since you concern about Ivory gearings?

Posted by KCGOH1234 > 2016-03-22 15:39 | Report Abuse

Icon8 - Aspen in fact are secret holdings of Low Eng Hock. Transaction between Aspen & Ivory in fact left pocket to right pocket. Yilai the victim, what a pity.

Posted by KCGOH1234 > 2016-03-22 15:42 | Report Abuse

ljmeng - indeed. Dato Tan goodwill ruined / screwed up by his big fat son. what a pity.

Posted by RVI123 > 2016-03-22 22:39 | Report Abuse

Water leakage comes from pipes or seepage to the floor below? Bad for reputation. But sub contractors will be responsible to rectify under defects liabilities period.

Posted by Valueseeker > 2016-03-23 11:25 | Report Abuse

Where is the update on the Help MOU ? Or is it a publicity stunt ? I hope not. There should be rules to require listed property companies to update either quarterly or half yearly basis their launches and unbilled sales etc. This would investors to make better decisions. Matters of interest includes Home Tree Kota Kemuning, what are the launches and sales to date, Elysia Medini, is it really doing well ?, commercial units launches at Medini. And the comment by Vincent Tan of projects at Danga Bay. This is new, as there were no reports that BCB have land at Danga Bay.

Posted by Valueseeker > 2016-03-23 11:32 | Report Abuse

Extracted from iproperty.com magazine issue 133 March 2016

"What are BCB Berhad's future plans in Iskandar
Malaysia?
In Danga Bay, BCB is planning to develop a 90-acre
mixed development. Slated to be launched in 2018,
the waterfront project will comprise of 5-storey shop
lots, residential condominiums as well as a 5-star hotel
carrying an international brand."

Posted by Valueseeker > 2016-03-23 11:33 | Report Abuse

Whose land is this ???

Posted by mahorse > 2016-05-02 16:29 | Report Abuse

https://www.facebook.com/BCBBerhad/photos/a.439151692771529.99321.433384110014954/1109245865762105/?type=3

Focus Malaysia have a full page coverage on BCB today. Analyst said the 2 main pieces of land in Batu Pahat and Kota Kemuning will add RM 2.65 per share to its existing book value of RM 1.04 per share. That means, if revalued the full net value per share is RM 3.69.

Please read the full article.

Posted by mahorse > 2016-05-02 16:30 | Report Abuse

Also mentioned that Dr Yu from YNH Bhd is top 30 shareholders.

Posted by Stockker > 2016-05-06 16:39 | Report Abuse

This means based on the report, at current share price, pay 14 sen for RM 1.00 land. Buy for anak and cucu cicik ?

Posted by valueinvestor > 2016-07-16 15:28 | Report Abuse

Significant profit may be recognized for its Q4 just ended 30/6/16 as its Hometree phase1 has just been completed. Bonus issue/warrants on the card ??

https://www.facebook.com/www.hometree.com.my/videos/1229801270387293/?video_source=pages_finch_main_video

Posted by valueinvestor > 2016-08-08 22:09 | Report Abuse

Most of the Hometree's Long Branch Residence ("LBR") home owners are said to have already received the VP letters from BCB last month.

Posted by mahorse > 2016-08-14 23:00 | Report Abuse

Focus Malaysia 6-12 August issue under Market Talk.... " Tan Sri Tan is believed to be mulling injecting his privately-owned land..... "

Could this be the reason why the stock price is depressed ? Lower market price translates into exchange of more shares for seller of assets....

Posted by mahorse > 2016-08-17 09:12 | Report Abuse

http://www.theedgeproperty.com.my/my/content/849662/property-counters-may-be-safer-bet

Batu Pahat earmarked to have one HSR station.

Per iproperty.com :

BCB is upbeat that its projects in the Klang Valley as well as existing ones in Johor will contribute positively to its earnings. Tan explained that secondary towns such are seeing good growth, citing Batu Pahat as an example.

“Batu Pahat is an industrial-based town and a vibrant secondary town. It is not much affected by this crisis but has benefited from it. Industrial-based areas are export-orientated. Those exports benefit a lot from the exchange rate (weaker ringgit),” he said.

Batu Pahat contributes about RM100 million to sales of the group.

Posted by mahorse > 2016-08-17 09:18 | Report Abuse

Per Annual Report

Johor
The Group has 3 township projects in Batu Pahat
collectively garnering about 65% share of the
market. In addition, it is also the largest developer
in Kluang. It has various on-going projects in
Kluang and Johor Bahru.

a) Bandar Putera Indah
This 390 acres township is an up-coming
satellite suburb of Batu Pahat. The proposed
high speed rail linking Kuala Lumpur to
Singapore is expected to have a station
nearby thereby increasing the township’s
appeal. Double storey terrace houses are
reasonably priced below RM500,000 per
unit.
Total GDV is about RM1.1 billion. To-date
about RM120 million worth of properties
have been sold.

Posted by albertwarrior > 2016-08-25 07:36 |

Post removed.Why?

Posted by valueinvestor > 2016-10-04 20:42 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5015265

Hope it could launch this RM400M JV project sooner.

Posted by RVI123 > 2016-10-05 21:19 | Report Abuse

The share price has inched up steadily.

Posted by RVI123 > 2016-10-06 09:59 | Report Abuse

RM0.54 now. Any news?

Posted by luckyman > 2016-10-06 15:30 | Report Abuse

The rally has just started. So no news is good news. Let the rally continue for a longer period.

Posted by StephenAlexis > 2016-10-06 21:57 | Report Abuse

watch out this yeah. tmrw will have a good show

Posted by valueinvestor > 2016-10-23 17:02 | Report Abuse

BCB will also benefit from HSR due to its land bank in BP !
http://www.thestar.com.my/business/business-news/2016/10/22/hsr-stop-for-genting-pura-kencana/

Posted by luckyman > 2016-11-28 23:36 | Report Abuse

http://cdn1.i3investor.com/my/files/dfgs88n/2016/11/28/1485671058-1095438724.pdf

Posted by luckyman > 2017-02-12 18:39 | Report Abuse

Climbing above the SMA 200..... coupled with decent Q2 result to be announced soon ??

Posted by enid888 > 2017-02-15 18:10 | Report Abuse

The leading developer in Kluang and Batu Pahat area. Involved in 2 projects in Klang Valley located at Mon't Kiara and Kota Kemuning. Deeply undervalued.

Posted by mahorse > 2017-02-15 19:09 | Report Abuse

https://www.facebook.com/BCBBerhad/photos/a.439151692771529.99321.433384110014954/1109245865762105/?type=3

Focus Malaysia had a full page coverage on BCB a while back. Analyst said the 2 main pieces of land in Batu Pahat and Kota Kemuning will add RM 2.65 per share to its book value.

The latest book value as at 30 September 2016 is RM 1.08 per share. That means, if revalued the full net value per share will be RM 3.73.

Please read the full article.

Posted by Valueseeker > 2017-02-17 10:42 | Report Abuse

BCB preview launch of shop lots, bungalows and semi-Ds this week end at Kota Kemuning.

Posted by mahorse > 2017-02-24 07:58 | Report Abuse

Revenue dropped but gross margin went up due to KL projects. Cumulative 6 months EPS at 3.24 sen vs 4.2 sen last year. I supposed low land cost as highlighted in the Focus article is one of the positive factors.

Posted by luckyman > 2017-02-25 10:45 | Report Abuse

http://newlaunch.iproperty.com.my/platinum/Broadleaf-Hometree/5358#WVYDF7lidQ4cLLO0.97

Posted by mahorse > 2017-03-09 21:23 | Report Abuse

Valueinvestor :

Any chance of a bonus issue or free warrant ?

Significant profit may be recognized for its Q4 just ended 30/6/16 as its Hometree phase1 has just been completed. Bonus issue/warrants on the card ??

https://www.facebook.com/www.hometree.com.my/videos/1229801270387293/?video_source=pages_finch_main_video
16/07/2016 15:28

Posted by mahorse > 2017-03-14 13:24 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/03/14/cyclical-sectors-to-outperform-market/

Financial services, property and consumer sectors set to outperform FBM KLCI
Read more at http://www.thestar.com.my/#sgl8wVG6IIcEe82z.99

Posted by Stockker > 2017-03-14 14:43 | Report Abuse

https://www.facebook.com/elysiamedini/

Progress of Elysia Medini - billing at what stage ?

Elysia Park Residence, Medini added 6 new photos — feeling wonderful at Elysia Park Residence, Medini.
February 24 at 3:12pm · Johor Bahru ·

Site Progress as at 21/02/2017
Tower 3 : Level 10 Slab in progress
Tower 2 : Lift Lobby – Level 9 Lift Core Slab in progress; Tower Foot Plinth – Level 8 Slab in Progress.
Tower 1: Lift Lobby – Level 6 to Level 7 Lift Core Walls in progress; Tower Foot Plinth – Level 6 Slab in progress.

Posted by duitduit > 2017-03-16 15:05 | Report Abuse

Bcb, go , go , go. Malton running up. Undervalued property stocks should follow.

Posted by mahorse > 2017-03-20 09:11 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/03/20/boon-for-contractors/

Boon for contractors, foreign funds buy construction, property stocks

Read more at http://www.thestar.com.my/business/business-news/2017/03/20/boon-for-contractors/#Pu67RtpVhGlkSw3u.99

Posted by Stockker > 2017-03-26 17:14 | Report Abuse

BCB was quite busy with corporate activities in 2015 ie General Offer in June 2015 and share split in November 2015 but rather quiet in 2016 and 2017.

Any exciting developments expected ? Anybody have any input ?

Posted by luckyman > 2017-03-27 06:35 | Report Abuse

http://m.themalaymailonline.com/money/article/malaysian-small-caps-getting-too-hot-to-handle-for-top-manager

Posted by mahorse > 2017-03-27 08:32 | Report Abuse

Sadly BCB is still cold as a cucumber , when is it going to be heated up : )

Posted by Valueseeker > 2017-03-27 19:24 | Report Abuse

Land banking in Batu Pahat, which has a HSR station and is the 2nd biggest town in Johor after JB.

46.7 acres / 2,035,341 sq ft for RM 17.00 psf . Total RM 34.6 million. Good move.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5376241

Posted by Valueseeker > 2017-03-28 08:37 | Report Abuse

From The Edge :

BCB Bhd is acquiring six adjoining plots of agriculture land, measuring a combined 18.91 hectares, in Batu Pahat, Johor, for RM34.6 million, on which it will develop a residential project with an estimated gross development value of RM360 million.

The property developer is buying the freehold plots from two Singaporeans, Wellington Tan and Shenton Tan Seng Koon, and 400 residential units comprising bungalows, semi-Ds and terrace houses will be built on the land.

The purchase will be funded via a combination of internal funds and borrowings.

"It is too preliminary at this stage to ascertain the total development cost and expected profits to be derived from the proposed development," said the group.

Posted by mahorse > 2017-03-29 18:01 | Report Abuse

Anyone have any idea as to the total GDVs of the various projects ? Home Tree Kota Kemuning, Elysia Medini, Versiis commercial Batu Pahat , linked houses Batu Pahat , Medini shop lots and now this new Batu Pahat project , GDV 360 million. And also Concerto , Mont Kiara .

The problem is management does not talk to analysts and shareholders have to do own home work !

Posted by Valueseeker > 2017-04-01 21:23 | Report Abuse

Let me attempt to summarise the potential GDVs based on the Annual Report, announcements to Bursa and press releases, over the next few days :

Here goes :

Versis Batu Pahat - press release The Edge Financial Daily | June 27, 2016 : 9:51 AM MYT

Aside from that, Tan also said the group will embark on the development of Versis@Batu Pahat, a 10-acre mixed development comprising 70 units of three- to five-storey shophouses and a commercial complex. The gross development value of the project is RM600 million.

“We have done the groundworks [for Versis] and the construction works should kick off by the third quarter,” he added.

Tan also said Batu Pahat is still seeing good growth as the local economy there has not been affected by the economic downturn so far.

“Batu Pahat is an industrial-based town and a vibrant secondary town. As the majority of the businesses there are export-oriented, they have benefited from the weaker ringgit,” he explained.

Posted by Valueseeker > 2017-04-01 21:37 | Report Abuse

Batu Pahat - 400 units of bungalows, semi-Ds & terrace houses - potential GDV 360 million over 4 years.

Bursa announcement dated 27 March 2017

The Board of Directors of BCB Berhad (“BCB” or “the Company”) wishes to announce
that BCB Land Sdn Bhd, a wholly-owned subsidiary of the Company (“BCB Land” or
“Purchaser”), had on 27 March 2017 entered into Sale and Purchase Agreements
(“SPA”) with Wellington Tan and Tan Seng Koon Shenton (jointly referred to as
“Vendors”) to acquire six (6) adjoining lots of freehold agricultural lands all in the
Mukim of Simpang Kanan, District of Batu Pahat, Johor measuring 2,035,341 Sq. Ft.
in aggregate for a total cash consideration of RM34,600,797.00 (“the Acquisition”).

The Land are strategically located along Jalan Tanjong Laboh, one of the gateways
to Batu Pahat town center. It is freehold and currently zoned as agriculture. It is
situated along the main road. The front portion of the Land is at road level with the
back portion undulating and going all the way up a hill. From the top of the hill, one
can get a panoramic view of Batu Pahat town.

Based on preliminary plans, the proposed development shall consist of about 400
units of various types of residential units (bungalows, semi-Ds, and terrace houses)
on the Lands with an estimated GDV of approximately RM360 million. The
development project is expected to commence in the fourth quarter of year 2017.
The development project is expected to be developed over a span of 4 years. It is
too preliminary at this stage to ascertain the total development cost and expected
profits to be derived from the proposed development.

Posted by Valueseeker > 2017-04-01 21:40 | Report Abuse

Medini Iskandar - 175 units of 3/5 storey shop lots - estimated GDV of RM 400 million

Bursa announcement dated 1 October 2015


The Board of Directors of BCB Berhad (“BCB” or “the Company”) wishes to
announce that Absolute 88 Sdn Bhd (“Absolute 88” or “the Purchaser”), a whollyowned
subsidiary of the Company, had on 1 October 2015 entered into a Lease
Purchase Agreement (“Agreement”) with Metrogold Assets Sdn Bhd (“MASB” or “the
Vendor”) to acquire the rights of the lease of a freehold land in Medini Iskandar
Malaysia measuring approximately 22 acres (1,463,173 gross floor area (“GFA”) sf)
(“Plot”) for a total cash consideration of RM58,526,920.00 or RM40.00 per GFA sf
excluding Goods and Services Tax (“Acquisition”).

Based on preliminary plans, the proposed development shall consist of 175
units of 3/5 storey shoplots on the Plot with an estimated gross development
value of RM400 million. The Purchaser shall obtain all approvals required for
the development and construction works including all necessary development
orders or building permits and commence, carry out as diligently as
reasonably practicable and complete the construction works and development
in accordance with all approvals. Subject to the conditions precedent being
fulfilled, the development project is expected to commence in first quarter of
year 2016. The development project is expected to be developed over a span
of 4 years. It is too preliminary at this stage to ascertain the total development
cost and expected profits to be derived from the proposed development.