Posted by dragon328 > 2023-01-04 14:53 | Report Abuse

How good is it?
What can this new guy do with SEM?
What sort of corporate exercises would he bring along to add value to SEM?

Posted by Bettyem > 2023-01-07 13:50 | Report Abuse

Update on Making sense of Vincent Tan’s moves in BJCorp/BJLand/7Eleven.

The possibility of Berjaya Corporation Bhd acquiring a financial services company had sent the stock in a frenzy and was one of the top active counters on Bursa Malaysia on Dec 28 adding as much as 1.5 sen to an intraday high of 31 sen. Profit taking has been well absorbed and probably anticipated as some investors were skeptical on the potential deal.

According to news report, Berjaya Corp founder and major shareholder Vincent Tan Chee Yioun intends to pare his stake in the company to 19.6% from 26% in order to comply with Section 92 of the FSA.

Apparently, Tan has been making several share disposals to reduce his stake in Berjaya Corp. He sold 400 million shares via direct business transaction on Dec 22. He owns a 12.95% direct interest and a 13.29% indirect interest after the share sales.

Interestingly, Kossan Rubber Industries Bhd's founder and managing director Tan Sri Lim Kuang Sia emerged as a substantial shareholder of Berjaya Corp after acquiring 400 million shares or a 7.16% stake in the company. Is Lim holding the shares on Tan’s behalf or is Lim looking to diversify its investments to be part of this conglomerate looking to restructure itself into a financial services provider?

On Jan 6, Vincent Tan Chee Yioun divested another 40 million shares or 0.7% stake in the group to his son-in-law SM Faliq SM Nasimuddin for RM10 million or 25 sen per share. SM Faliq, who is deputy group executive chairman of Naza Group, is married to Vincent Tan’s daughter Chryseis Tan Sheik Ling.

Bursa filings show that Chryseis Tan, who is also BCorp’s and BJLand's non-executive director, acquired the shares in two tranches (34.52 million shares and 5.48 million shares) through her spouse. Subsequent to the divestment, Vincent Tan is left with 12.25% direct interest and 13.29% indirect stake in BCorp. In order to meet S92 FSA requirements, Tan needs to sell another 2.25% direct interest or 129 million shares in BJcorp. The FSA does not allow any individual to own more than 10% stake in a financial institution.

The divestment seems to be part of a bid for the billionaire to pare down his shareholding in BCorp, and pave the way for the group’s potential acquisition of a financial institution. Shares of BCorp closed half a sen or 1.7% higher at 30.5 sen while BJLand closed at 26.5 sen on Friday (Jan 6).

Berjaya Corp current activities includes stockbroking, asset & land management and lottery operations under Berjaya Land. Berjaya Corp is also involved in provision of insurance via its 30% stake in Berjaya Sompo Insurance Bhd. Sompo Holdings (Asia) Pte Ltd owns the remaining 70% stake. In addition, it wholly owns a stockbroking arm — Inter-Pacific Securities Sdn Bhd.

For sure, Tan’s cashing out his 440 million shares in Berjaya Corp would help make up the loss of steady income from its 10-year warrants, which have expired. With the cash from the share sale, Tan can buy more shares in Berjaya Land. Infact, disclosures to Bursa indicated Tan has been acquiring BJLand shares almost on a daily basis through Berjaya Retail Berhad which is controlled by Tan and operates the 7-Eleven chain of convenience stores in Malaysia and markets consumer durable products under the Singer Group. It is also of interest Tan has been agressively acquiring 7Eleven shares recently together with BJLand, which now is a substantial shareholder with more than 5% shares in 7Eleven.

Why Berjaya Land?

If Berjaya Corp becomes a financial services provider, it can’t hold a banking license and at the same time, a gaming licence under its major subsidiary, Berjaya Land. As such, Berjaya Corp may have to hive off Berjaya Land's 40% interest in Berjaya Toto to another entity probably under Tan’s control. Investors are probably better off putting their money in Berjaya Land for better upside compared with Berjaya Corp. Currently BJLand is trading at 26.5 sen a discount of 13% to BJcorp closing price of 30.5 sen on Jan 6.

There are plenty more speculations on Tan’s next moves and investors would likely place their bets on the tycoon once the deal has been firmed up and viewed as a beneficial move. Latest moves by Tan includes appointing Farhash Wafa Salvador, Anwar's former Political Secretary and Loyalist as Chairman of 7Eleven, replacing Vincent Tan's son, Robin Tan Yeong Ching who is the current Chairman of STM Lottery (Formerly BToto).

Posted by dragon328 > 2023-01-07 17:10 | Report Abuse

Good analysis by Bettyem.

VT has got over RM120 million cash from disposing of 440 million shares in BCorp, there is still plenty of room for him and BJLand to increase stakes in SEM.

Posted by wallstreetrookieNEW > 2023-01-09 22:05 | Report Abuse

the only way to beat Vincent Tan is to buy this stock on weakness. Never chase on Friday.

Posted by wallstreetrookieNEW > 2023-01-09 22:06 | Report Abuse

I've learnt the hard way trading Berjaya Corp in 2020 - 2021. This flying fox will dispose on retail investors whenever he can. Buy on red, sell into strength on T+1.

Posted by wallstreetrookieNEW > 2023-01-09 22:06 | Report Abuse

-20% correction = Buy
50% pump = Take profits

Posted by wallstreetrookieNEW > 2023-01-09 22:07 | Report Abuse

Forget about fundamentals when trading Vincent Tan companies. Only technicals matter. You will lose money if Vincent Tan has bad mood and wants to sell. I am not kidding

Posted by dragon328 > 2023-01-18 20:42 | Report Abuse

touch RM2.00 first target. Next RM2.40

Posted by troy88 > 2023-01-20 09:29 | Report Abuse

VT the crooked business man pumping again?

Posted by dragon328 > 2023-01-24 16:44 | Report Abuse

Whether it is VT pumping it up again and then dumping it later, or whether it is the case of more smart money buying up SEM due to its strong growth prospects and deep value in the pharmacy chains, it doesn't really matter.

The fact is that the share price has gone up by 30% since I made a call again to buy at around RM1.60-1.65 one month ago.

My advice is that do not let past experience or your emotion control you, but try to make objective judgement. Why did he let SEM do the company buyback to the max 10%? and then let the share price to drop back to RM1.60 again?

Bcoz he wanted to accumulate more shares below RM2.00 with his own acct and BJLand. Why he continues buying up to RM2.07 now? He definitely sees huge upsides ahead simply he is the major shareholders and he knows well before anyone else how the company was doing for the Dec 2022 quarter, and how the negotiation for disposal of Caring Pharmacy is going.
Whether he will dump the shares later is anybody's guess. To me, I see no reason for him to dump the share price again if he manages to accumulate enough.

Don't fight the trend and don't fight with your own money.

Posted by speakup > 2023-01-24 17:01 | Report Abuse

https://www.nst.com.my/news/nation/2023/01/872865/disgusting-act-worker-cleaning-inside-microwave-oven-mop-goes-viral

7-11 besok DOUBLE LIMIT DOWN!

Posted by speakup > 2023-01-24 17:04 | Report Abuse

https://mediavariasi.com/2023/01/netizen-geli-pekerja-7-eleven-cuci-microwave-guna-mop-lantai/

Besok 7-11 LIMIT DOWN 2X

Posted by speakup > 2023-01-25 09:01 | Report Abuse

OMG! SEM up 2sen
means investors are ok with microwave being clean by floor mop
guess it is common practice to clean with floor mop

Posted by speakup > 2023-01-25 11:22 | Report Abuse

investors maybe OK with cleaning microwave with mop
but speakup will avoid all 7-11 stores

Posted by Income > 2023-01-25 12:19 | Report Abuse

Wow, I will not patronising SEM lagi. Yucks.

Posted by bulldog > 2023-01-26 12:23 | Report Abuse

Accumulation in progress


Huat chaiii

Posted by speakup > 2023-01-26 13:47 | Report Abuse

passed by my normal 7-11, look like nobody

Posted by speakup > 2023-01-30 14:47 | Report Abuse

think 7-11 really suffering from the mop issue, nampak macam few ppl go 7-11 now

Posted by wallstreetrookieNEW > 2023-01-30 15:08 | Report Abuse

Back from holiday. Hello guys

Posted by speakup > 2023-02-11 22:35 | Report Abuse

Ever since mop incident, speakup no more patronize 7-11 anymore

Posted by Income > 2023-02-12 05:15 | Report Abuse

The Mop of the Year Award. Haha

Posted by speakup > 2023-02-12 14:55 | Report Abuse

actually mop issue is big issue because many ppl dont go 7-11 anymore
because media didn't play up news like MyEG, SEM didn't drop
but for sure SEM profits will affected because less ppl go 7-11 now

Posted by Income > 2023-02-12 14:57 | Report Abuse

https://www.facebook.com/reel/555136133207838?mibextid=0NULKw&fs=e&s=TIeQ9V

Don’t do this to your mop. Safety first.

Posted by wallstreetrookieNEW > 2023-02-15 10:16 | Report Abuse

Vincent Tan will never let his company to be taken control by a Taiwanese Company

Posted by speakup > 2023-02-16 07:33 | Report Abuse

speakup havent visited a 7-11 ever since the mop incident. same for my friends

Posted by speakup > 2023-03-01 07:42 | Report Abuse

https://www.theedgemarkets.com/node/657259
dont underestimate the Floor Mop incident. Banyak dah boycot 7-11

Posted by dragon328 > 2023-03-13 15:14 | Report Abuse

wow 2.04

Posted by speakup > 2023-03-30 20:18 | Report Abuse

Lesser ppl go 7-11 nowadays

Posted by speakup > 2023-06-02 15:49 | Report Abuse

https://hype.my/2023/332177/video-woman-allegedly-caught-urinating-inside-7-eleven-store-in-kuala-terengganu/
first Mop incident
now Urine incident
ADUH!

Posted by James Yeo > 2023-06-06 14:19 | Report Abuse

7-Eleven Malaysia (7E) recorded a high return on equity of 61.0%, with a market capitalization of RM2.2 billion. https://www.smallcapasia.com/4-malaysian-blue-chip-stocks-with-high-roe/

Posted by speakup > 2023-06-29 10:59 | Report Abuse

Whenever I think 7-11, the first thing comes into mind is 7-11 use Floor Mop to clean the Microwave and other things 😡

Posted by speakup > 2023-06-29 11:00 | Report Abuse

Refresh everybody mind: https://www.nst.com.my/news/nation/2023/01/872865/disgusting-act-worker-cleaning-inside-microwave-oven-mop-goes-viral

Posted by hkchee78 > 2023-07-21 13:47 | Report Abuse

https://theedgemalaysia.com/node/675550?fbclid=IwAR2-gH9tCqQYxaCANunbCQXw95VSUVKfudZnn-Y3C2vwGmDjLBIg8mR5ARE

Posted by JP01 > 2023-07-21 15:45 | Report Abuse

Huat ah...

Posted by dragon328 > 2023-07-21 17:10 | Report Abuse

The news reinforced my earlier view that SEM was grossly undervalued.

Posted by speakup > 2023-07-21 18:59 | Report Abuse

No it isn't

Posted by speakup > 2023-07-21 19:00 | Report Abuse

PE 47x
NTA only 14¢
It is VERY EXPENSIVE!

Posted by speakup > 2023-07-21 19:01 | Report Abuse

7-11 is trading as if it is a tech stock, which it isn't!

Posted by speakup > 2023-07-22 11:56 | Report Abuse

Microsoft PE is 36x
7-11 is 47x
is 7-11 malaysia operations worth more than Microsoft global operations?

Posted by Spacewhalezz > 2023-07-24 15:49 | Report Abuse

Red red red

Posted by speakup > 2023-07-24 18:22 | Report Abuse

Kan speakup dah kata, this 7-11 is filthy overvalued. Fair value 50¢. Not more than that

Posted by Spacewhalezz > 2023-07-26 16:07 | Report Abuse

Price Target

7-Eleven Malaysia - Disposing of Caring Pharmacy
Source : KENANGA, Price Call : BUY, Price Target : 2.59

Posted by Spacewhalezz > 2023-07-26 16:07 | Report Abuse

Looks fishy af

Posted by familymartfan99 > 2023-08-02 15:25 | Report Abuse

why fishy? support support !

Posted by mf > 2023-08-02 15:26 | Report Abuse

US 30 35,480.3 -150.4 -0.42%
US 500 4,550.8 -25.9 -0.57%

Posted by speakup > 2023-08-06 18:27 | Report Abuse

gila ke this SEM? PE 40x!
Apple PE 32x, Alphabet PE 27x, Microsoft PE 33x
Is SEM a super high growth tech stock like Apple, Alphabet, Microsoft?

SUPER OVERVALUED! Funds must short this SEM kaw kaw!

Posted by speakup > 2023-08-06 19:05 | Report Abuse

the 7-11 operator in Japan is only trading at PE 18x!
https://www.reuters.com/markets/companies/3382.T
https://www.cnbc.com/quotes/3382.T-JP

SEM at PE 40x is super overvalued!

Posted by SincereStock > 2023-09-01 12:05 | Report Abuse

@speakup byk retailer skrg suka tengoh jenama saja x tengoh harga haha, asal boleh beli 7-11, peduli dia apa tu PE apa tu NTA lol

Posted by sell > 2023-12-08 23:15 | Report Abuse

Support Israel still up? Abah or Dr Sam better become PM 11 next.

Posted by tokhun > 2024-02-29 20:20 | Report Abuse

7-Eleven’s 4Q net profit surges to RM221mil

https://www.thestar.com.my/business/business-news/2024/02/29/7-elevens-4q-net-profit-surges-to-rm221mil