Bjcorp opt to place out 6.14% Bjauto for RM 156m and realize 136m net gain, which translating into 3.76sen/share. Since Bjcorp still have 44.28% balance in Bjauto, if Bjcorp opt to place out remaining Bjauto, it could realize another RM 973m net gain, translating into 27sen/share.
In short, Bjcorp can realize investment in just bjauto alone for total net gain 30.8sen/share which is already 64.2% of current Bjcorp share price of just 48sen.
Imagining, aside Bjauto, Bjcorp still have many other worth listed subsidiary Bjland, Bjtoto, Cosway, Bjfood, Bjassest, Bjmedia, landbank, resort hotel etc etc
Of course still holding, DRBHICOM selling apart from EPF, also could be due to some foreign fund selling. DRBHICOM have relative high foreign shareholding 19% with most of them form in the DRB top 30 shareholder, control total about 15%
Nevertheless, DRBHICOM should be fairly stable, with upcoming Q2 result record one off gain from UniAsia general disposal, about RM68m, or 3sen one off net gain, next Q3 result will recognized first 12 unit AV8 to be deliver end of these year (total AV 257 unit, worth RM 7.55 bil, with production reach full scale next year)
Sungai Wang issue may temporary impact CMMT share price but other malls still going strong. I belive it is just temporary set back. Wait till next DPU in JAN 2015, we might be able to reap profit by then. ^^ Worry not as EPF still buying in. ^^ Good Luck. ^^
Actually, we as retail investor should should focus more on company financial performance rather than short term share performance, which tend to affect by daily dynamic supply/demand, market sentiment or passive fund like EPF sell/buy move everyday in the market
Take for example, DRBHICOM share price have temper hit by selling pressure exert by EPF, bashed down share to multi year low now for unknown reason. Investor should more focus on DRBHICOM future earning particularly turnaround of proton recovery, especially its main loss culprit, a wholly own unit Lotus.
Passive fund, EPF have no management control over listed company, it is free to buy/sell everyday with unknown strategy (EPF buy/sell on YTL/YTLP/CMMT/Sapurakencana/MBMR/SP setia/Dialog many many more everyday, if retail investor will opt to follow same path EPF every move, it won't leading you to anywhere).
Lets assess more in detail DRBHICOM two major unit proton and Louts recent development, these two are main culprit to DRB laggard financial performance.
DRBHICOM via Proton own 250 acres land in Shah Alam( Proton manufacturing plant).If redeveloped,GDV may be RM10 billion. Tropicana Metropark's GDV is RM6bil for its 88 acres land
Jualan Proton Iriz cecah 22,000 unit SHAHIZATUL FARHA S ROSLI 14 November 2014
PROTON Edar Sdn Bhd (Proton Edar) menyasarkan jualan sebanyak 27,000 unit Proton Iriz bagi tempoh empat bulan hingga penghujung tahun ini sejak kereta berkenaan dilancarkan September lalu.
Ketua Pegawai Eksekutifnya, Norzahid Mohd Zahudi berkata, sehingga Jumaat lalu jualan kereta berkenaan sudah mencecah kira-kira 22,000 unit manakala model 1.6 CVT dan 1.3 CVT merupakan antara paling mendapat sambutan.
“Kita tidak jangka permintaan amat menggalakkan kerana Iriz baru dilancarkan. Ini menunjukkan persepsi pelanggan mula berubah dan percaya terhadap kejituan produk Proton serta berbaloi dengan nilai wang dibelanjakan,” katanya di Majlis Memperingati Pembukaan Outlet Proton Edar Kulis Auto Sdn Bhd di Pasir Gudang, semalam.
Selain itu katanya, Proton Edar menjangkakan pertambahan jualan sehingga 30 peratus bagi pasaran Johor berbanding 14 peratus tahun lalu dengan menyasarkan segmen pelanggan mengikut jenis produk dikeluarkan.
“Walaupun Proton tidak mempunyai kenderaan pacuan empat roda seperti ditawarkan jenama luar negara tetapi kita ada pelbagai produk dan akan luaskan pasaran mengikut segmen pelanggan” katanya.
Dalam pada itu, Norzahid berkata, Proton Edar turut merancang mentransformasikan outlet dan cawangan mereka di seluruh negara sebagai langkah mengoptimumkan perkhidmatan yang disediakan.
“Langkah ini bertujuan meningkatkan lagi keyakinan dan kesetiaan pelanggan terhadap Proton dengan menawarkan perkhidmatan terbaik kepada mereka termasuk menaiktarafkan bengkel servis di seluruh outlet,” katanya
11 comments:
Bjcorp opt to place out 6.14% Bjauto for RM 156m and realize 136m net gain, which translating into 3.76sen/share. Since Bjcorp still have 44.28% balance in Bjauto, if Bjcorp opt to place out remaining Bjauto, it could realize another RM 973m net gain, translating into 27sen/share.
In short, Bjcorp can realize investment in just bjauto alone for total net gain 30.8sen/share which is already 64.2% of current Bjcorp share price of just 48sen.
Imagining, aside Bjauto, Bjcorp still have many other worth listed subsidiary Bjland, Bjtoto, Cosway, Bjfood, Bjassest, Bjmedia, landbank, resort hotel etc etc
hi hng and horse,
do you guys still hold DRBHicom?
Hi twshien,
I am still holding. Keep till 1Q next year. ^^
Hi twshien,
Of course still holding, DRBHICOM selling apart from EPF, also could be due to some foreign fund selling. DRBHICOM have relative high foreign shareholding 19% with most of them form in the DRB top 30 shareholder, control total about 15%
Nevertheless, DRBHICOM should be fairly stable, with upcoming Q2 result record one off gain from UniAsia general disposal, about RM68m, or 3sen one off net gain, next Q3 result will recognized first 12 unit AV8 to be deliver end of these year (total AV 257 unit, worth RM 7.55 bil, with production reach full scale next year)
Hi Hng and Horse,
Thanks for the reply.
I am also holding, average cost is RM2.06.
Horse, do you think it is Sungai Wang issue hamper CMMT price currently?
Hi twshien,
Sungai Wang issue may temporary impact CMMT share price but other malls still going strong.
I belive it is just temporary set back. Wait till next DPU in JAN 2015, we might be able to reap profit by then. ^^
Worry not as EPF still buying in. ^^
Good Luck. ^^
Actually, we as retail investor should should focus more on company financial performance rather than short term share performance, which tend to affect by daily dynamic supply/demand, market sentiment or passive fund like EPF sell/buy move everyday in the market
Take for example, DRBHICOM share price have temper hit by selling pressure exert by EPF, bashed down share to multi year low now for unknown reason. Investor should more focus on DRBHICOM future earning particularly turnaround of proton recovery, especially its main loss culprit, a wholly own unit Lotus.
Passive fund, EPF have no management control over listed company, it is free to buy/sell everyday with unknown strategy (EPF buy/sell on YTL/YTLP/CMMT/Sapurakencana/MBMR/SP setia/Dialog many many more everyday, if retail investor will opt to follow same path EPF every move, it won't leading you to anywhere).
Lets assess more in detail DRBHICOM two major unit proton and Louts recent development, these two are main culprit to DRB laggard financial performance.
http://www.lotuscars.com/gb/news/corporate/lotus-records-its-best-half-year-car-sales-200809
http://paultan.org/2014/11/13/lotus-evora-facelift-debut-march/
TEST DRIVE : PROTON IRIZ 1.3 AND 1.6 REVIEW – BEST HATCHBACK SPECIFICATION
http://kereta.info/test-drive-proton-iriz-1-3-and-1-6-review-best-hatchback-specification/
Driving impressions of the Proton Iriz 1.3 & 1.6
http://www.motortrader.com.my/news/driving-impressions-of-the-proton-iriz-1-3-1-6/
13/11/2014 19:49
DRBHICOM via Proton own 250 acres land in Shah Alam( Proton manufacturing plant).If redeveloped,GDV may be RM10 billion. Tropicana Metropark's GDV is RM6bil for its 88 acres land
Good point hng.Thanks!
Jualan Proton Iriz cecah 22,000 unit
SHAHIZATUL FARHA S ROSLI
14 November 2014
PROTON Edar Sdn Bhd (Proton Edar) menyasarkan jualan sebanyak 27,000 unit Proton Iriz bagi tempoh empat bulan hingga penghujung tahun ini sejak kereta berkenaan dilancarkan September lalu.
Ketua Pegawai Eksekutifnya, Norzahid Mohd Zahudi berkata, sehingga Jumaat lalu jualan kereta berkenaan sudah mencecah kira-kira 22,000 unit manakala model 1.6 CVT dan 1.3 CVT merupakan antara paling mendapat sambutan.
“Kita tidak jangka permintaan amat menggalakkan kerana Iriz baru dilancarkan. Ini menunjukkan persepsi pelanggan mula berubah dan percaya terhadap kejituan produk Proton serta berbaloi dengan nilai wang dibelanjakan,” katanya di Majlis Memperingati Pembukaan Outlet Proton Edar Kulis Auto Sdn Bhd di Pasir Gudang, semalam.
Selain itu katanya, Proton Edar menjangkakan pertambahan jualan sehingga 30 peratus bagi pasaran Johor berbanding 14 peratus tahun lalu dengan menyasarkan segmen pelanggan mengikut jenis produk dikeluarkan.
“Walaupun Proton tidak mempunyai kenderaan pacuan empat roda seperti ditawarkan jenama luar negara tetapi kita ada pelbagai produk dan akan luaskan pasaran mengikut segmen pelanggan” katanya.
Dalam pada itu, Norzahid berkata, Proton Edar turut merancang mentransformasikan outlet dan cawangan mereka di seluruh negara sebagai langkah mengoptimumkan perkhidmatan yang disediakan.
“Langkah ini bertujuan meningkatkan lagi keyakinan dan kesetiaan pelanggan terhadap Proton dengan menawarkan perkhidmatan terbaik kepada mereka termasuk menaiktarafkan bengkel servis di seluruh outlet,” katanya
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