BJCORP
Berjaya Corporation Berhad
Company Background
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN
Titan Trading Notes For Thursday [1/8/2024]:
$KLSE-KLCI managed to rebound quite well towards the 1625 points region today with an overall mixed market sentiment as we still saw over 600 counters closing red for the day. Daily trading volume remained average around the 4.4 billion mark, mainly dominated by selling activities.
Main stocks that showed strong buying momentum would be the likes of BWYS, BJCORP, CEB, CIMB, XOX, TANCO, JCY, CENSOF, BETA, RGB, and MUIPROP. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.
$BJCORP / 3395 (BERJAYA CORPORATION BERHAD) after retracing back towards the RM 0.40+ main support levels over the past week, had been able to hold well above the support region despite the weak market sentiment and was able to breakout strong towards the RM 0.435 regions today.
So far looking very strong here for a potential bullish continuation pattern and as long as able to sustain above its RM 0.41+ immediate support levels, could continue on towards and beyond the RM 0.435 - RM 0.45+ major resistance levels soon.
Will be monitoring BJCORP closely here for an entry opportunity as something big seems to be brewing.
$CEB / 5311 (CAPE EMS BERHAD) since breaking below its RM 0.94+ major support levels, had been retracing over the past week here all the way back towards forming a new low at RM 0.645 recently, forming a temporary support region here.
Today, seems to be holding strong as it was able to rebound back towards the RM 0.70 regions with good volume and buying momentum. May have dipped already here and if able to sustain above its RM 0.675 immediate support, could rebound back towards the RM 0.735+ major resistance levels soon as it's quite oversold.
Will be monitoring CEB closely for an entry opportunity soon.
$NOTION / 0083 (NOTION VTEC BERHAD) following NOMURA's buy call giving a price target of RM 3.51, had a gap up and huge run up towards the RM 2.20+ regions earlier in the morning but unfortunately, was met with fierce selling resistance, which saw the stock retrace all the way towards the RM 2.06+ main support levels.
That said, it was still able to regain its momentum and close back green around the RM 2.15 regions with good volume and buying momentum today despite the weak market sentiment.
So far still looking quite good here and as long as able to sustain, will be expecting a potential run up towards the RM 2.30 - RM 2.40+ regions soon.
$SALCON / 8567 (SALCON BERHAD): Warrant Trading at a Discount
Salcon's share price has surged over 100% from last year, largely due to $BJCORP / 3395 (BERJAYA CORPORATION BERHAD) emerging as a significant shareholder. According to the latest announcement, Berjaya now holds a 17.718% stake, making it the largest shareholder of the company. Salcon specializes in providing end-to-end water and wastewater solutions, including raw water management, design, construction, commissioning, concession, operation, and maintenance of water and wastewater treatment facilities. This also includes downstream activities such as non-revenue water reduction, customer service, billing, and collection. Berjaya's increasing stake in Salcon may be driven by the rising demand for water from data centers.
The rising share price has resulted in the warrant trading at a discount. With a warrant price of RM0.10, a strike value of RM0.30, and a 1:1 ratio, the warrant is trading at a 3.61% discount compared to the current share price of RM0.415. This presents an opportunity for major shareholders to sell the mother shares, purchase warrants, and convert them back to mother shares to potentially earn a 3.61% profit, excluding fees. However, it is important to note that the conversion of warrants takes a week, and if the share price drops suddenly during this period, the premium could disappear, potentially leading to losses.
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Titan Trading Notes For Monday [22/7/2024]
$KLSE-KLCI had a decent breakout towards the 1636 points region last week despite having over 730 counters closing red for the day. Market sentiment was definitely mixed here with a trading volume of around 4.4 billion as we closed for the week.
Main stocks that showed strong buying momentum would be the likes of BJCORP, ATAIMS, SCIB, SIAB, JPG, and THETA. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.
$THETA / 9075 (THETA EDGE BERHAD) was definitely the main star during last Friday as it managed to breakout all the way towards the RM 2.90 regions with huge volume and buying momentum despite being overbought on the daily chart.
Looking very strong for now and as long as able to sustain above its RM 2.40+ immediate support on the daily chart, could continue on towards and beyond the RM 3+ regions soon in the coming weeks for a parabolic rally continuation pattern.
Will be monitoring THETA closely here as something big seems to be brewing.
$BJCORP / 3395 (BERJAYA CORPORATION BERHAD) since breaking out from its RM 0.32+ major resistance levels earlier this month, had been breaking out strong all the way towards the RM 0.41 regions with huge volume and buying momentum despite being overbought here.
For now as long as able to sustain above its RM 0.38+ immediate support levels on the daily chart, could continue on towards and beyond the RM 0.41+ regions for an uptrend continuation pattern.
So far looking very strong here for BJCORP and will be monitoring it closely as seems to be starting a new uptrend here.
$ATAIMS / 8176 (ATA IMS BERHAD) had been retracing over the past 2 months from its RM 0.61+ major resistance levels and retraced all the way back towards the RM 0.46+ main support regions.
On Friday, was able to rebound strong back towards the RM 0.50+ regions with good volume and buying momentum. Seems to have formed its higher low regions here already and if able to hold above its RM 0.475 immediate support, could trend back up towards the RM 0.535 - RM 0.55+ regions soon.
Will be monitoring ATAIMS closely here.
$BJCORP / 3395 (BERJAYA CORPORATION BERHAD) https://cutt.ly/VejcabIy #BJCORP. Classic stock after 1998 crisis 18/July/24. #BerjayaCorporation. A Conglomerate in Malaysia where many investors have xx experience .. after 1998 Asia Fianacial crisis. But with coming "new"....
Berjaya Rail Joins MARIC, Set to Propel Local Rail Sector
Berjaya Land Bhd’s rail division, Berjaya Rail Sdn Bhd, is positioning itself to improve and develop the local rail industry, with an emphasis on the Kuala Lumpur-Singapore high-speed rail (KL-SG HSR) project.
BLand group chief executive officer and Berjaya Rail board member Syed Ali Shahul Hameed highlighted the company’s dedication to collaborating with stakeholders such as the Malaysia Rail Industry Corporation (MARIC).
He said that the company aims to create a robust ecosystem where local companies can thrive and compete globally, particularly in the HSR sector.
“By joining MARIC, we aim to collaborate closely with industry leaders, experts, and stakeholders to drive forward initiatives that will enhance local capabilities, promote technology transfer, and contribute to the overall development of Malaysia’s rail industry,” he told Business Times.
Meanwhile in a statement, Berjaya Corporation Bhd, BLand’s parent company, said that MARIC and Berjaya Rail will work together to drive advancements in the rail industry, aligning with the national vision of becoming a leading regional rail hub.
Berjaya Rail has expanded its business to include transport and is actively participating in the Request for Information (RFI) issued by MyHSR Corporation Sdn Bhd for the KL-SG HSR project.
The company has teamed up with IJM Corp Bhd’s IJM Construction Sdn Bhd, Malaysian Resources Corp Bhd (MRCB), and national railway company Keretapi Tanah Melayu Bhd (KTMB) to bid for the bullet train project.
The consortium’s technical partners reportedly include Japan’s Hitachi Rail STS for signalling systems, South Korea’s Hyundai Rotem Co. for rolling stock manufacturing, and DB Engineering & Consulting GmbH, a unit of German rail operator Deutsche Bahn AG.
MARIC president Datuk Mohd Yusoff Sulaiman said that Berjaya Rail’s inclusion in its network reflects the corporation’s commitment to fostering a collaborative environment that benefits all stakeholders.
The corporation consists of 50 key rail companies dedicated to establishing credible local firms that collaborate with the government to build and maintain a safe, sustainable railway network.
$BJCORP / 3395 (BERJAYA CORPORATION BERHAD)
Source: https://cutt.ly/kejavcNw
Titan Trading Notes For Monday [15/7/2024]:
$KLSE-KLCI had a brief retracement back towards the 1619 points region with an overall mixed market sentiment as we saw almost 640 counters closing red for the day. Daily trading volume settled around the 4.5 billion mark, which is still healthy for now.
Main stocks that showed strong buying momentum for last Friday would be the likes of EKOVEST, BJCORP, RENEUCO, AZRB, WCT, AIMFLEX, UUE, SYGROUP, FAJAR, IWCITY, and HIAPTEK. All of which were able to sustain their rallies throughout the day on the top volumes list.
$EKOVEST / 8877 (EKOVEST BERHAD) after retracing over the past 6-7 months, formed a solid support region around its RM 0.43+ main support levels over the past few months and during last Friday, was able to breakout strong from its RM 0.485+ main downtrend resistance with good volume and buying momentum.
For now looking quite ripe for a new uptrend here and as long as able to sustain above its RM 0.475+ main support levels on the daily chart, could continue on towards and beyond the RM 0.525+ regions soon.
Will be monitoring EKOVEST closely.
$BJCORP / 3395 (BERJAYA CORPORATION BERHAD) on the other hand since breaking out from its RM 0.32+ major resistance levels last week, had been able to trend up strong towards the RM 0.355 major resistance levels with good volume and buying momentum.
For now looking quite strong here and as long as able to hold above its RM 0.335+ immediate support levels on the daily charts, could continue on towards and beyond its RM 0.355+ major resistance levels for an uptrend continuation pattern.
Will be monitoring BJCORP closely here.
$EG / 8907 (EG INDUSTRIES BERHAD) without a doubt was one of the better performers last week as it was able to breakout strong from its RM 2.07+ major resistance levels and rallied all the way towards the RM 2.26 regions with huge volume and buying momentum.
After 1 month of consolidation, looking quite ripe here for an uptrend continuation pattern as long as able to sustain above its RM 2.10+ immediate support levels in the coming week.
Will be monitoring EG closely
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Changes in Director's Interest (Section 219 of CA 2016) - MISS CHRYSEIS TAN SHEIK LING
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN
Changes in Director's Interest (Section 219 of CA 2016) - MISS CHRYSEIS TAN SHEIK LING
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Changes in Director's Interest (Section 219 of CA 2016) - MISS CHRYSEIS TAN SHEIK LING
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Changes in Director's Interest (Section 219 of CA 2016) - MISS CHRYSEIS TAN SHEIK LING
OTHERSMemorandums of Strategic Cooperation Forging Innovation Alliance in Smart Technologies and New Energy Vehicles between Berjaya Corporation Berhad, Skyworth Group Co., Ltd and Skywell New Energy Automobile Group Co., Ltd.
KUALA LUMPUR: Berjaya Corporation Bhd (BCorp) has sealed collaborations with two Chinese firms to explore the potential of smart home and new energy vehicles (NEVs) technologies.
© New Straits Times Press (M) Bhd
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Changes in Director's Interest (Section 219 of CA 2016) - MISS CHRYSEIS TAN SHEIK LING
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN