Berjaya Assets Berhad

Change in Boardroom - ENCIK AHMAD RADZI BIN ZAINI

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONSDISPOSALS OF SHARES IN BERJAYA CORPORATION BERHAD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONSDISPOSALS OF SHARES IN BERJAYA LAND BERHAD

Change in Boardroom - DATO' RAHIM BIN SUBOH

General Meetings: Outcome of Meeting

KUALA LUMPUR: Berjaya Assets Bhd (BAssets) reduced its net loss by half to RM2.26 million in the first financial quarter ending Sept 30, 2023 (1QFY2024).

© New Straits Times Press (M) Bhd

Quarterly rpt on consolidated results for the financial period ended 30/09/2023

Market Reactions to Johor Sultan's Holdings: A Closer Look at Stock Performances

In a prior post (link: https://cutt.ly/WwEKvXlJ), I discussed stocks connected to Johor Sultan. With his new role as YDPA, these stocks may experience advantages. Consequently, let's review a selection of stocks to gauge their performance following the announcement that Johor Sultan will assume the role of YDPA on October 27, 2023.

Johor Sultan Ibrahim's confirmation as the nation's 17th YDPA significantly influenced the stock market. The stocks of three listed companies directly held by Sultan Ibrahim experienced an enthusiastic reception from investors, with notable upward trends observed throughout the trading session.

A detailed analysis of the Bursa Malaysia filings revealed the listed companies directly under Sultan Ibrahim's ownership, including $BJASSET / 3239 (BERJAYA ASSETS BERHAD), $BJFOOD / 5196 (BERJAYA FOOD BERHAD), and $REDTONE / 0032 (REDTONE INTERNATIONAL BERHAD). As of October 3, 2022, the Sultan holds substantial stakes in these companies, with sizeable percentages of equity.

BJASSET opened at 31 sen and soared to a high of 34 sen, marking an impressive 11.4% increase. By the afternoon, it was trading at 31 sen, showing a 1.6% increase. REDTONE showcased a positive trend, surging from 73 sen to 75 sen, achieving a 4.2% increase, closing at a 2.8% increase to 74 sen. Meanwhile, BJFOOD displayed a steady increase, trading within a narrow range throughout the day. It closed at 71 sen, marking a 1.5 sen increase.

On the other hand, stocks related to property tycoon Tan Sri Lim Kang Hoo, previously deemed 'Johor Sultan concept stocks,' witnessed a decline due to notable selling pressure. $IWCITY / 1589 (ISKANDAR WATERFRONT CITY BERHAD) faced considerable profit-taking on the 27th, slipping from 65.5 sen to 62.5 sen. $EKOVEST / 8877 (EKOVEST BERHAD) 's performance saw fluctuations, ranging between 47 and 49 sen, ending at 48 sen.

The impact of Sultan Ibrahim's direct holdings on the market is evident, with certain stocks experiencing favorable responses from investors, while others faced a more challenging trading day.

Annual Report & CG Report - 2023

CIRCULAR/STATEMENT TO SHAREHOLDERS IN RELATION TO THE:- PART A - PROPOSED RENEWAL OF AND NEW SHAREHOLDERS' MANDATES FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE; AND PART B - PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES.

General Meetings: Notice of Meeting

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONSPART A
PROPOSED RENEWAL OF AND NEW SHAREHOLDERS' MANDATES FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE; AND

PART B
PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES.

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - B & B ENTERPRISE SDN BHD

If Sultan Johor becomes the YDPA, Which Stocks Would be on the Highlight?

The Malay Rulers are expected to select the 17th Yang di-Pertuan Agong on October 27th under a unique selection system, but they are likely to retain the rotational system to choose the new Yang di-Pertuan Agong from among the nine Rulers. The five-year reign of the 16th Yang di-Pertuan Agong, Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah of Pahang, is scheduled to end at the end of January next year.

Sultan Ibrahim Sultan Iskandar, the current Sultan of Johor and the next in line for the role of Yang di-Pertuan Agong, has expressed his readiness to fulfill his national duties for the country and its citizens. As we are aware, Sultan Johor is known as the wealthiest Sultan in Malaysia, owing to his active and successful involvement in various business ventures. The Johor Royal Family has a long history of owning businesses and properties, dating back to their ancestors. If Sultan Johor assumes the role of the next YDPA, which publicly traded companies should you keep an eye on?

Berjaya-affiliated companies should be among your top considerations. As we are aware, the Johor Royal Family shares a close relationship with Tan Sri Vincent Tan. A recent example of this is Berjaya Rail, a newly established company where Tan Sri Vincent Tan appointed Tunku Tun Aminah Sultan Ibrahim Ismail, the daughter of the Sultan of Johor, as the chairperson. She also holds a 30% stake in this newly formed company, which is actively bidding for the KL-SG High-Speed Rail (HSR) project. Given that Berjaya Rail is the rail arm of $BJLAND / 4219 (BERJAYA LAND BERHAD), it's a company worth monitoring.

Another company to keep an eye on is $BJASSET / 3239 (BERJAYA ASSETS BERHAD). Tunku Tun Aminah plays a significant role in this company, serving as its chairperson and non-executive director. Berjaya Times Square is the company's flagship asset, and it also owns Berjaya Waterfront in Johor Bahru, Menara MSC Cyberport in Johor Bahru, and a lottery business in Sarawak. As per the 2022 annual report, Sultan Johor is one of the largest shareholders, holding 315.9 million units of shares, equivalent to 12.35% of the company's shares.

$SEM / 5250 (7-ELEVEN MALAYSIA HOLDINGS BERHAD), the largest shareholder of Caring Pharmacy, is another company associated with Sultan Johor. Aside from operating 7-Eleven stores across Malaysia, the company holds a significant stake in Caring Pharmacy through its ownership of 75% of shares. Did you know that there are currently more than 2,400 7-Eleven stores nationwide in Malaysia? Sultan Johor was once the second-largest shareholder in the company, holding 15.52% of its shares in 2017, although he has since divested his shares.

The telecommunications business of BJCORP, represented by $REDTONE / 0032 (REDTONE INTERNATIONAL BERHAD), is the fourth company of interest. Tunku Tun Aminah serves as the chairperson of REDtone. According to the 2022 annual report, Sultan Johor is the second-largest shareholder, owning 134 million units of shares, equivalent to 17.34% of the company's shares.

Lastly, we have $BJFOOD / 5196 (BERJAYA FOOD BERHAD), the well-known operator of Starbucks in Malaysia. Although Sultan Johor owns only 22.5 million units of shares, equivalent to 1.28% of the company's shares, REDtone also holds 34.5 million units of shares, which is 1.97% of the company's shares.

Please note that the analysis above focuses on publicly listed companies associated with Sultan Johor, and there is no guarantee that their performance will be influenced by Sultan Johor's assumption of the role of the 17th Yang di-Pertuan Agong.

Notice of Person Ceasing (Section 139 of CA 2016) - TERAS MEWAH SDN BHD

Quarterly rpt on consolidated results for the financial period ended 30/06/2023

PUBLIC SHAREHOLDINGS SPREAD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONSDISPOSALS OF SHARES IN BERJAYA CORPORATION BERHAD

Change in Boardroom - DR JAYANTHI NAIDU G. DANASAMY

Change in Nomination Committee - TAN SRI DATO' SERI ZULKEFLI BIN AHMAD MAKINUDIN

Change in Remuneration Committee - DR JAYANTHI NAIDU G. DANASAMY

Change in Audit Committee - DR JAYANTHI NAIDU G. DANASAMY

Change in Nomination Committee - DR JAYANTHI NAIDU G. DANASAMY

Change in Audit Committee - TAN SRI DATO' SERI ZULKEFLI BIN AHMAD MAKINUDIN

PUBLIC SHAREHOLDINGS SPREAD