Investing in Jaycorp

Dear avid fundamental investor

This couple of days could be your last few chance to bag into Jaycorp prior before the announcement of the coming Quarter Report.

This stock is definitely not for speculation, and only suitable for those looking to hold for a good period of time, say 6 months to 1 year or more.

Jaycorp is more towards consistent dividend income with a steady growth of capital appreciation.

To recap, Jaycorp main business is furniture manufacturing and export. Jaycorp also owned their own rubberwood supply at Indonesia, and also venturing into property development at Sabah through a 60% owned joint venture company.

The past 3 quarter had been putting in amazing result, however the share price did not rise much probably due to the liquidity and also market sentiment which is still volatile with US China trade war.

But look at it, Jaycorp past 3 quarter performance

3.4 cents + 4.69 cents + 3.67 cents already made up 11.67 cents.

This quarter if can perform to 4.5 cents, that would be putting 4 rolling quarter earning at 16 cents.

Valuation for such good fundamental and dividend paying company can go PER x10 = RM 1.60

So Jaycorp still have a 60% room for capital appreciation at the current price which is below RM 1.00

WHY COMING QUARTERLY RESULT SHOULD BE GOOD

Since Jaycorp quarter result is 1 month later from the other, we can estimate how the furniture export sector is doing by looking at their financial result. If most are doing great, then that would be safe to assume that the industry sector is coming back, and most should be doing better.

As you can see, Liihen result also got stronger with higher revenue and even higher EPS.

Therefore, you can assume if there is no major shocker, Jaycorp result should be around the range of 4+ cents earning in the coming quarter report release.

Since the price had not go up much, buying now before the news come out, then you will have advantage of not needing to chase the share price when the news is out.

US CHINA Trade War - Look not on casualties, but the beneficiaries.

Hi all reader and investor again.

This month of May is a real challenge for those who are trading for a living. The volatility is max with trade war brewing at a full scale with US imposing tariffs on China and China countered with their tariffs as well.

Market is bad, companies stocks are shaken. But I believe that every big shaking is also a big opportunity here. While trade war hurts the global economy somehow, but I think some of the Malaysian industry will stand to benefit from such event.

I believe the trade war will benefit Malaysian export market, especially the furniture market.

The key reason are
1. Malaysian furniture exporter benefit from a stronger USD
2. Demand shifting to Malaysia due to no tariff
3. US economy is still strong

While there are many key companies involved in the furniture market, namely Liihen, Latitude, Pohuat, and Jaycorp to name a few, today I will focus on the Jaycorp due to it's good prospect looking forward.

Investing in Jaycorp Berhad

1. Why is Jaycorp interesting? 

One of the most important factor in investing will be the fundamental of the company. The company must be having good earning, and pay dividend.

This is the past 3 quarterly result of Jaycorp.

Sep 2018

December 2018

March 2019

So for the past 3 quarter of Jaycorp, the company already made
3.4 cent + 4.69 cent + 3.67 cent = 11.76 cent

Dividend paid in the 9 month time frame = 8 cents ( 5 + 3)


So you can see this is a company that is doing well, have decent earning and is paying dividend to it's shareholder.


2. Jaycorp is heading for a new uptrend

The share already fallen from a height of RM 1.60 and consolidating at 90 cent range. Now it is the time for the company to make a new come back after breaking away from long term downtrend resistant line that is back with good result for 3 consecutive financial reports. (9 months)


3. Jaycorp to benefit from a weaker MYR

The latest measure of BNM to cut 0.25% in OPR will also see MYR floating lower against USD.
Source: https://www.thestar.com.my/business/business-news/2019/05/07/bank-negara-lowers-opr-by-25bps-to-3pct/

According to technical chart, the USD/MYR already broke resistant and looking to trend higher, potentially visiting the range of 4.2x to 4.3x

Conclusion

Since there are a lot of indicator pointing towards the positive outlook for furniture industry, Jaycorp will be very interesting for the next coming few months.

Assuming the coming quarter report to produce 4 cents in earning, that will bring a total 4 consecutive quarter earning to 15.76 cents

Simple valuation of PE X10, Jaycorp can see valuation at RM 1.50 to RM1.60

At the current price of RM 0.95, this will be more than 50% capital appreciation for the investor now. Now is the best time to invest when Jaycorp is low while the potential is high.

Invest in the potential FANG of KLSE !!!

To all legendary investor and trader of KLSE

This message is crafted to you in order to let you know what are the instrument that billionaire and multi millionaire used to bring in huge wealth in a decade.

In the past, massive wealth is created through brick and mortar business. For example, real estate is one of the instrument that a lot of people used during those days to attain massive wealth. Yes, I do not disagree with this, but it takes quite some time. Other businesses such as oil and gas, manufacturing business are also good as well, but to date, the largest corporation in terms of market capitalization are mostly made out from IT / Technology company.

The latest line up are Facebook, Amazon, Apple, Netflix, Google.

It used to be a fight between Warren Buffet and Bill Gates in the top 2 position, but to date, this had changed. Now it is Mark Zuckerberg of Facebook, and Jeff Bezos of Amazon (before divorce settlement) that rise up so quickly to dethrone the legendary.

Technology is the key forward, and this is just a start, especially for Malaysia. There are a lot of things that can be improved with application of technology, or being replaced by them as well. The application is technically have a wide scope.

Now Cuscapi is one of the potential target that legendary investor should take note. This company is not just another Tom Dick and Harry, but it is backed with track record management that brought up MyEG from a mere RM 200 million company to a RM 5.5 billion company to date.

The Cuscapi that we know is of the yesteryear story. Please delete away your mindset that Cuscapi is the company producing those Rev Tablet for food ordering system.

Now Cuscapi is moving way faster than you think.

Cuscapi is still involved in Food & Beverage POS system, and additionally, they are developing a system for automotive segment.

If you see, Cuscapi got this EDMS system that links some of the process that is previously done manually into a systematic manner that will ease the process and also reduce fraud.


Bonus info

Previously, I got mentioned about Cuscapi being linked with Grabfood expansion. While some see a potential on it, some also doubted it.

If you looked carefully, 1 of the executive director of Cuscapi is Mr Toe Teow Teck. He is a Singaporean and formerly worked in a private equity NTU Venture in Singapore and also an angel investor himself. To link this up, Grab is actually a Malaysian startup that went to Singapore to get funded and become to the Grab that we are seeing to day.

Since the private equity / incubator / startup funding is a niche market, there is high chance that Mr Toe also have network that is related to the funding of Grab at the initial stage.

The latest move on Cuscapi acquiring a Singapore based food ordering POS system (Amplify Me Pte Ltd) continue to underline the prospect of Cuscapi having more corporate exercise related to Singapore based company.


Let you put this to thought

1. Grab is dealing with Car / Transport + Food, while Cuscapi is dealing with Food Ordering System and Automotive related registration with government.
2. Executive director is Singaporean, and involved in startup funding, angel investor, private equity funding
3. Both Grab and Cuscapi having the same geographical growth - South East Asia market

So now, do you see a definite link between the 2 company ?

What should you do to a share that is potentially RM 1.00 but now below 20 cents?

Dear Investor and Trader alike,

Sometimes, when things appear to be too good to be true, most of the people will tend to take a conservative approach, but there are still people that are willing to take the front risk and plunge their money and invest into it.

There are no right and wrong in such situation, because investment comes along with risk. But a lot of time, the too good to be true investment done with the right study and right research will bear good return when things start to get inline and things develop accordingly.

Let's say, now I am telling you EDEN is too good to be true, will you want to believe?

A share trading below RM 0.20 now, but with NTA at RM 0.77, but in fact the land asset can be holding up to more than RM 1.00 per share at the current market price.

So actually, what is there to consider more?

I had been talking and promoting on EDEN since it is 14 cents.

Now it is 17 cents, which I think there is still plenty of room since we are talking about RM 1.00 here backed with land asset that is of strategic location, near to Kuantan Port, and also upcoming ECRL.

This is a no play play issue because Land is a commodity, and it is strategic because the location is there, and this cannot be moved as you like because other infrastructure already in place, and that is the reason making the specific land to be strategic.

Look again, 450 acre of land at Gebeng Industrial area, which is near to Kuantan Port.

The recent transaction involving a 1.7 acre land is sold at RM 22 per square feet.

If put into EDEN land, at RM 22 per square feet is equal to RM 432 million
(calculation is 450.74 acre x 43560 x RM 22 psf)


This Kuantan Port will not be an ordinary port, because this port will be a very important port that will replace a lot of shipping activities that will be going pass Singapore. Technically, this area will be very sought after by international player, eyeing to have a piece of profit in this area.

Many ship will stop at Kuantan Port, unload the container, and load into ECRL cargo train, go to Port Klang, and continue their journey. This will save cost, save time and also make Malaysia have more revenue.

Now Alliance Steel already invested in Gebeng area. The MCKIP already attracted multi billion investment. All these investment will require huge factory to be set up, and that will involved purchasing of land and such.

Since EDEN have 450 acre of land, some land will be acquire by ECRL, some land will be sold to 3rd parties foreign investor, or local business that are going to set up factory near to Kuantan Port.

EDEN now is RM 0.17
Potential is RM 1.00

If you give 50% discount on RM 1.00, there is still RM 0.50. But the NTA is RM 0.77, so that is no kidding issue also.

Eden land absurdly undervalued at RM 165million

Today need to continue to talk deeper about Eden Inc Berhad.

Since we know that Eden only biggest trophy is about the strategic big piece of land near Kuantan Port, which is very crucial and good for port storage usage, and also very critical for ECRL, that is the main point about it all.

Today, I will only talk about the land, the 450 acre of land at Gebeng Industrial Land that Eden is holding on.

As you can see, according to the annual report, the land is 450.74 acre in size, and carrying a book value of RM 165 million (RM 164.9 million if you want to be exact)


Yes, this is a big plot of land acquire some time ago, and the main question here is - Is the land value at RM 165 million reflecting the market value as of today condition ? Taking into consideration the place will get better with port development (Kuantan Port to be more busy + ECRL development), making the place more in demand in the future.


So, let us do some research on the public.

So, Malaysia 1st popular real estate website - iProperty.com.my reveal that there is only 1 piece of land for sale at Gebeng
RM 18 million for 10 acre, but this is just the asking price. Of course, owner have the right to ask any price they want.

Is based on RM 18 million for 10 acre, then Eden 450 acre will be worth

RM 18 million x 45 = RM 810 million

Wow!!! Very huge amount there compared to the annual report of RM 165 million. Big difference of RM 654 million. But again, RM 18 million is the asking price.

Now, we need to go to some transacted price to determine the clearer price that is in demand.

So, we will go to brickz.my to see the transacted price that is recorded in the land office.

According to Brickz.my , the price of the land is around RM 22 per square feet. This is much reasonable price and also transacted price that reflect the demand can reach RM 22 per square feet.

So now we put into calculation at RM 22 psf, what is the 450.74 acre worth.

450.74 acre x 43560 = 19,634,234 sf

19,634,234 sf x RM 22 = RM 432 million (431,953,156.8)

So, it is RM 432 million, which is a very handsome price tag. Approximately 50% down from the asking price in iProperty.com.my

Now, looking back at annual report, the land is RM 165 million, which based on market value is RM 432 million. This is a difference of RM 267 million.

If RM 432 million / 392 million share
Eden share price will be worth RM 1.10 if all land sold

Now Eden share price only RM 0.17

So if you are looking at the prize land which can bring Eden to RM 1.10, and current price RM 0.17, this is a very valuable investment considering the land is
1. Near Kuantan Port
2. Near ECRL
3. ECRL will be buying some land from Eden

Steel On Fire - What do you think?

Steel on fire. Good or bad - It depends on how you are looking on it. Every coin got 2 side of face.

But 1 rocking truth that led my attention to iron/steel company is due to a major global event that is sparking steel prices upwards. The untoward disaster at Minas Gerais at 25th January 2019, send iron ore future leaping 20% upwards due to cut of supply in iron ore. The company involved in the disaster, Vale, which accounted for the largest iron ore output in the world had to shut down a further 10 iron mine that will estimate to pull out 40 million tonnes of iron ore supply in the market.

Analyst are continue to be bullish on iron ore, and is certain that iron ore will be hitting 3 figure next week when Chinese restart iron ore purchasing after Chinese New Year celebration.

Currently, Iron Ore Futures are at 3 years high.

So is this actually good or bad for iron/steel manufacturer in Malaysia?

Technically, when the price of iron ore is higher, it is not good for manufacturer as raw material prices will be higher, that will erode margin. But if demand continue to outstrip supply, then iron/steel product will eventually have a better margin.

China play an important role as it is the biggest consumer for steel, and any increase of steel demand will pull a great demand in influencing global steel prices.

The latest expert view is China's steel sector to remain resilient in 2019, boosted by infrastructure investment. This can translate that China will most probably be able to absorb most of the steel products manufactured for their own consumption.

http://www.chinadaily.com.cn/a/201901/15/WS5c3d4301a3106c65c34e4839.html

Analyst believe that steel rebar price had hit bottom up. And demand will be picking up soon. However, this disaster in Brazil could be pushing purchaser to buy more with anticipation that steel price will be going higher.

The disaster at Brazil is not going to resolve so soon, and global supply of iron ore will continue to see a vacuum which could potentially take up 6 months to 1 year.

This will in turn push purchaser to purchase more in order to lock in cheaper prices before prices become higher in the next coming few months.

The push effect will then create better margin for steel manufacturer.

As such, local steel manufacturer should be able to see a better margin in the coming days.

So for local pick, I will choose Masteel.

Masteel had fallen from a high of RM 1.80 before bonus issue.

Now at RM 0.51, Masteel is trading at huge discount to NTA of RM 1.60, and 3 cumulative quarter earning of 7.44 cents. Coming quarter if can hit 3 cents will make 10 cents, which means Masteel is trading at PER x 5 only.

Now with better margin coming, and customer likely to buy in more to lock in prices, that will give Masteel a good boost in profit for next 6 to 9 months.

Other steel counter include Lionind and Annjoo.

So I am not asking you to buy or sell. Just writing this to inform you that steel industry is taking a better turn. If you don't like Masteel, you can look for Lionind, Annjoo, Lsteel, CSCSteel, SSteel. Any investment decision, please do your own due diligence and study.

Eden can be riding high with ECRL back on track

Dear investor trader and reader,

Now the ECRL theme is very strong because Tun Mahathir is going to visit China this month April. One of the thing is to discuss about ECRL which many would say will continue at a correct price tag after negotiation. For me, I think the negotiation already done, and Tun Mahathir could be going there to do signing of papers only.

That is one reason why ECRL contractor like GBGAQRS share's keep going up.

Now many don't know about a hidden beneficiaries for the ECRL development. This beneficiaries is actually EDEN.

Many thing EDEN is actually food operator in Langkawi, and also owned some diesel energy generator at Kelantan, but actually the main prize asset of EDEN is a big plot of land as big as Bandar Malaysia size near Kuantan Port.

As you can see, 450 acres, worth RM 165 million in value of land at Gebeng, Sungai Karang.

So i do a google map checking where is Sungai Karang area. The red color line highlighted by Google Map is Mukim Sungai Karang

So where is Gebeng ?

So these area the area label as Gebeng. And according to the land plot of industrial land, I think the industrial land is along the coast line.


As you know, ECRL is divided into 2 phase

• Phase 1: Kota Bharu – Kuala Terengganu – Kuantan – Bentong – ITT Gombak

• Phase 2: Gombak North – Serendah – Port Klang and Kota Bharu – Pengkalan Kubor

Although Eden now is losing money, but the NTA is RM 0.77.

If the land is sold, acquire for rail construction or international party buy for development of Port for storage, that will be a good windfall for Eden.

How good is the windfall

RM 165 million / 393 million shares = RM 0.42 per share in land sell gain

So now Eden is only 14.5 cents.

Very good chance to buy and accumulate for low, since Eden is also government friendly, so good chance to see this company having a revival.

KFC infrastructure upgrade will benefit ??? Read here!!

This very interesting stock is your must read, must see stock.

As you know in Malaysia, 2 most prominent fast food outlet is Mcdonald and KFC. In terms of IT infrastructure upgrade, Mcdonald is always leading, and KFC will then follow.

You might view that KFC is slow, but it is not too bad after all, because that gives you opportunity to capture the chance to earn money.

Why do I need to say this?

Firstly, all the KFC outlet in South East Asia is somehow related to QSR (QSR is the franchisee for KFC in south east asia). And all of KFC point of sales system is actually maintained by a company called Cuscapi.

So, if QSR rolled out an outlet upgrade for KFC that involved POS system, that would not only referring to the Malaysia branches, but South East Asia branches which is a lot.

So what is the upcoming attractiveness of Cuscapi moving forward with the latest move of acquisition on Servedby Alfred F&B system?

This complete system developed by the singapore based developer is very attractive to be utilized by Cuscapi to enhance their existing main customer - KFC, to be on par with IT infrastructure in food ordering system with Mcdonald.

I believe you guys already noticed this self service ordering kiosk in Mcdonald already. Unless you had not been visiting Mcdonald lately, then you should give a try on this kiosk. Very good and friendly to use, and payment is good through using wave. Good, clean and easy.

For this, KFC will be implementing this very soon, and that is the strong reason for Cuscapi to spend RM 7.6 million in buying Amplify Me. Pte Ltd which holds the technology and patent for the self ordering kiosk as well as POS cloud system.

This is the kiosk that is going to be deployed by Cuscapi soon at all the KFC outlet at South East Asia region

So what is Cuscapi prospect on this.

On Malaysia context, according to the QSR website, there is 1270 outlet

If 1 outlet upgrade will require RM 50k, complete overhaul + commission + testing + infrastructure upgrade and etc etc, that would be potential RM 63.5 million contract here.

But what about taking in KFC outlet in China, since China is also served by Cuscapi

So what is the prospect at China?

According to business insider, it is more than 5000 outlet. WOW!!!
https://www.businessinsider.my/most-popular-fast-food-chain-in-china-kfc-photos-2018-4/

According to Wikipedia, the total KFC outlet in China stands at 5910 outlet !!!

Now imagine if 5910 outlet also need to be upgraded with modern facilities

5910 x RM 50k = RM 295.5 million

That is quite a big prospect coming for Cuscapi, by paying RM 7.6 million to acquire Amplify Me Pte Ltd, Cuscapi is looking at generating sales revenue of potential RM 350 million in South East Asia + China.

Of course, RM 50k is my assumption, but this kind of main POS system related stuff, don't expect it to be too cheap, because it is the fore front running service. Even if discount another 30% off RM 50k average, you will still get approx RM 250million of potential business coming in.

That is why now Cuscapi at RM 0.21 is very attractive.

Do remember, the previous owner injected fund into Cuscapi at RM 0.25 for ordinary share and RM 0.35 for warrants exercised.

If want to invest, then invest fast fast. Not asking you to contra, but invest properly.

This Company Is Best Proxy Toward USD 10billion Unicorn - Grab

Dear all reader, investor and trader alike.

Today I want to introduce you a very high potential stock that is dealing with today technology, and also a part of the making of a super apps for human everyday life.

Last time got competition between Grab and Uber, now only left with Grab in the SouthEast Asia region. Grab is nonetheless known to all from young and old, and became a household name in a very short while in fact.

Grab started out in Malaysia, but got it's major funding in Singapore, and now is dubbed as the Unicorn start up in South East Asia that had a closed end market capitalization of USD 10 billion after their last successful fund raising from Softbank which includes investor such as Toyota, Hyundai, Yamaha, Microsoft, Bookings Holdings Oppenheimer fund and Ping An Capital.

Singapore’s Grab Get New Funding From Softbank $1.46B
https://theinsiderstories.com/singapores-grab-get-new-funding-from-softbank-1-46b/

Grab is now aggressively developing, upgrading and expanding it's services in South East Asian region. The ride sharing platform is now not only only ride sharing, but also e-Wallet and Food Delivery now.

With such great expansion with big capital pouring in to development the new eco-system of the future, this small little company in dealing in software development in Malaysia might be the closest proxy you can get your hands along now towards the growing development of Grab, and this company is Cuscapi.

Why is it Cuscapi ?

You might be wondering why it is a company such as Cuscapi can be linked with a rising Unicorn like Grab Holdings.

Summarizing it, Cuscapi had more than 40 years of experiences in F&B Point of Sales (POS) system. If you had ordered food before at KFC, Pizza Hut or Texas Chicken, that is the store front system that capture your order, send your order to the kitchen, do cash registering process and also put a queue number. Of course the system is also capable of a lot of others thing like inventory management which is not visible to customer.

Cuscapi had been expanding their footprint at South East Asia region, namely Malaysia, Phillipines, Indonesia, Singapore, Thailand as well as China.

http://www.cuscapi.com/clients/

So how is Cuscapi linked to Grab Food at this South East Asia region?

The battle of Go-Jek vs Grab

Here is what we can know about Go-Jek vs Grab from Jakarta Post
Full article https://www.thejakartapost.com/news/2019/03/07/food-versus-fintech-go-jek-grab-in-race-to-be-super-app.html

Go-Jek and Grab started their businesses by offering ride-hailing services in their respective home countries, taking different steps to attract consumers. Later, they expanded their services and became a duopoly in Southeast Asia.

In their race against each other to become the first "super app" in Indonesia, Go-Jek and Grab are increasingly similar in terms of their features but still noticeably different in their approach to the super-app status. 

Go-Jek focuses on pushing financial technology (fintech) with its Go-Pay e-wallet, while Grab concentrates on its GrabFood delivery service.

Go-Jek’s emphasis on fintech first became apparent when founder Nadiem Makarim confirmed in late 2017 that Go-Pay would become a spin-off the following year.“The plan is very clear. Go-Pay has an e-money license [from Bank Indonesia]. So our plan is to bring Go-Pay outside of the Go-Jek app,” he said.

On Summary - Go Jek focus on Go-Pay, Grab will focus on GrabFood delivery service.
In order for Grab to become the super-app that focuses on Food delivery services, it is undeniable that Grab will need to pour in more development fund into developing a app that encompassed the whole eco-system of F&B into the system. This is where Cuscapi can come into picture to help GrabFood to achieve this milestone.

What has the latest fund raised had to do with Cuscapi?

According to an exclusive interview with GrabFood regional head - Tomaso Rodriguez, the bulk of the fund raise in the in the latest series will be channel to GrabFood for expansion, and to make it GrabFood a super app

https://www.thejakartapost.com/news/2019/03/10/executive-column-grabfood-to-go-full-steam-ahead-armed-with-kitchens-funds.html

In order to become a super app, the app will be more insightful and can provide best selling product, pricing strategy and promotion. It will be integrated into the Grabfood app in the future. Since Grabfood do not have vast experience in the F&B eco system and POS system, it can leverage best with Cuscapi expertise in this area

The Cuscapi C360 Engage is a complete eco-system for the F&B business of the future
It is a comprehensive system that can link inventory, waiter app, back end, diner app, e-menu and kiosk, POS system, number queue, boss app as well as DELIVERY.

I believe this is what GrabFood is looking for in order to integrate into GrabFood app to become a super-app, the complete eco-system for the F&B business of the future, everything in an app.

Is there any potential evidence of testing?

Currently, the F&B business in Malaysia that is using C360 Engage system which also in GrabFood are as follow

And Singapore as follow

As you can see until now, there are a lot of solid link between the success of Grabfood to be linked with Cuscapi C360 Engage that is developed by the software team.

Will it come a day that Cuscapi system will be bought over by Grab Holdings from their huge chunk of USD 1.5 billion fund raise (equivalent to RM 6 billion) ? Give a 10% will be RM 600 million that can readily lift Cuscapi to 60 cents.

Or will Cuscapi form a strategic JV with Grabfood, and all participating F&B outlet in South East Asia will require to use this system? Do remember, Grab is focusing in South East Asia, and Cuscapi footprint is also South East Asia, meaning both are having the same growth path.

In the next few post, I want to share you why I feel Cuscapi is again heavily linked to the growth of Grab.

I have to tell you that I am invested in Cuscapi, at the current price, there is nothing much to lose as the new shareholder had pumped in more than RM 50 million in order to bring the company to life. However, this is not an article for you to do your buy,sell decision. Please consult your own professional adviser.

Berjaya Asset to unlock value from seabed

As we know, our Prime Minister Tun Mahathir is going to visit Beijing in the coming April to further discuss on some previous project that are on hold. One of the major one include ECRL which is around 20% done. There could be many other project that would be discuss and deals could be inked.

The recent move from China in buying almost USD 1 trillion worth of Malaysian palm oil product also signal a improving state of relation between Malaysia and China.

Notably, Chinese state-backed company have a very high exposure in Johor development, especially in land reclamation and project development. So if the current government is to improve trade relation between China, then Tan Sri Vincent Tan company will have a good chance this year.

If Malaysia and China relation become good again, then China will continue to invest in Malaysia, and bring in financial backing and construction power to build infrastructure.

Actually, BJASSET prized asset is a piece of land that had yet to be reclaimed infront of Berjaya Waterfront, which is situated at Stulang area.

According to latest annual report 2018, the land size sea bed for reclaimation is 25 hectare, which is around 61 acre.

This area is very strategic because it is very near to the link bridge to Singapore Woodlands, the most busiest check point.

In fact, the going to be reclaimed land is near Tanjung Puteri (also reclaimed), where it's high end condo is selling at RM 1500 per square feet, namely RF Princess Cove.

So how much is 61 acre of land worth at this area.

61 acre x 43560 = 2,657,160 square feet

2657160 sf x RM 700psf = RM 1.86 billion

That is no wonder Tan Sri Vincent Tan keep on acquiring his company share because of this golden asset. Do keep in mind that YDMM Sultan Ibrahim also have almost 13% direct stake in BJASSET.

So now, BJASSET market cap is only RM 767 million.

But the carrying asset is Berjaya Times Square, Berjaya Waterfront Complex and a piece of land yet to be reclaimed which can be worth RM 1.86billion

What will BERJAYA ASSET do with the land ?

My opinion is that, Berjaya Asset is likely going to partner with a Chinese stated back company to develop this land, from reclamation to development. Just like RF Princess Cove and Country Garden Forest City.

So hopefully this working visit, Malaysia and China ties will improve, and BJASSET will lock 1 deal with a Chinese company to do the work and unlock this RM 1.86 billion sea gem.