Berjaya Corp / Vincent Tan

Re: Vincent Tan (Berjaya Group)

Postby winston » Fri Jan 02, 2015 6:09 am

2014 M'sian market movers

Tan Sri Vincent Tan, ranked as the 10th richest Malaysian by Forbes, had a fruitful year as Berjaya Auto Bhd and Berjaya Food Bhd added 100% and 91% respectively to their share prices.

Investors liked Berjaya Auto for its robust growth while Berjaya Food acquired an additional 50% in its crown jewel Berjaya Starbucks Coffee Co Sdn Bhd that operates the popular coffee chain Starbucks in Malaysia.

Source: The Star
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Re: Berjaya Corporation

Postby winston » Wed Sep 02, 2015 6:27 pm

vested

2015 Results

Revenue: +9%
Profit After Tax: +703%
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Re: Berjaya Corporation

Postby winston » Wed Sep 30, 2015 8:18 am

vested

BCORP RECORDS REVENUE OF RM2.14 BILLION AND PRE-TAX PROFIT OF RM183.34 MILLION FOR THE FIRST QUARTER ENDED 31 JULY 2015

Berjaya Corporation Berhad ("BCorp") registered a revenue of RM2.14 billion for the first quarter ended 31 July 2015 as compared to a revenue of RM2.49 billion reported in the previous year's corresponding quarter. The lower revenue was mainly due to the full effect of deconsolidation of Berjaya Auto Berhad ("BAuto") which ceased as a subsidiary company since 1 December 2014.

The motor distribution business contributed a lower revenue for the current quarter under review mainly due to the full effect of deconsolidation of revenue from BAuto. However, the full effect of deconsolidating BAuto in the motor distribution business in this quarter was mitigated by higher sales revenue registered by H.R. Owen Plc ("HR Owen").

HR Owen's revenue was boosted by new car sales volume as well as favourable foreign exchange effect in the current quarter under review.

The restaurants and cafes business reported a higher revenue for the current quarter mainly due to the full effect of consolidating the revenue of Berjaya Starbucks Coffee Company Sdn Bhd ("BStarbucks"). BStarbucks (now a wholly-owned subsidiary) was acquired in the second quarter of the last financial year.

The other business segments such as the property investment and development, hotels and resorts, and gaming businesses also reported lower revenue in the current quarter under review as compared to the previous year's corresponding quarter.

The Group recorded a pre-tax profit of RM183.84 million in the current quarter ended 31 July 2015 as compared to a pre-tax profit of RM200.30 million reported in the previous year's corresponding quarter, mainly due to the full effect of deconsolidating BAuto and higher finance costs.

The motor distribution business recorded a lower pre-tax profit mainly due to the deconsolidation of BAuto. The retail distribution business recorded a pre-tax profit as compared to a pre-tax loss in the previous year's corresponding quarter mainly due to
significant reduction in operating costs through aggressively closing down non-performing stores as well as favourable foreign exchange from its foreign operations in the current quarter under review.

The restaurants and cafes business also contributed a higher pre-tax profit for the current quarter mainly due to the full effect of consolidating BStarbucks.

The property investment and development business, hotels and resorts business, and gaming business recorded a lower pre-tax profit in the current quarter under review.

http://www.bursamalaysia.com/market/lis ... ts/4879173
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Re: Berjaya Corporation

Postby winston » Thu Oct 08, 2015 7:45 pm

vested

PROPOSED JOINT VENTURE WITH AMITA ENVIRONMENTAL STRATEGIC SUPPORT (MALAYSIA) SDN BHD

http://www.bursamalaysia.com/market/lis ... ts/4888985
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Re: Berjaya Group / Vincent Tan

Postby winston » Sun Jan 08, 2017 8:02 am

HOW A MALAYSIAN TYCOON TACKLES THE STRANGE BUSINESS OF BRITISH FOOTBALL

Vincent Tan, the man who brought the Big Mac to Malaysia and the owner of Cardiff City FC, is taking on three of the most powerful agents in the European game – and he’s not the type to back down

BY NIALL FRASER

Source: SCMP

http://www.scmp.com/week-asia/personali ... ss-british
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Re: Berjaya Group / Vincent Tan

Postby winston » Sun Feb 05, 2017 8:39 am

TAN SRI VINCENT TAN
Flagship: Berjaya Group
Net worth: RM2.6bil

TAN saw a dip of 18.2% in his net worth in 2016 but that did not deter the tycoon from doing what he does best, which is making deals.

In 2016, Tan sold the McDonald’s franchise, consisting of 390 outlets in Malaysia and Singapore, to Saudi Arabia’s Lionhorn Pte Ltd for US$400mil. More than 80% of those 390 restaurants were owned by McDonalds Malaysia. The McDonalds franchise has been a prized possession for Tan as it was one of his first successful business ventures.

But Tan has maintained that everything can be sold for the right price and throughout his career, that has been a hallmark of his business empire.

Last year, Tan sold 299.4 million shares in Berjaya Land to Berjaya Corp, and on a personal level, sold a 10.5% stake in the Store Corp. That year, he also sold a 4.5% stake in 7-Eleven Malaysia Holdings Bhd.

During the year, the share price of MOL fell 78% to US 15 cents from US 69 cents.

Despite the gyrations in the value of his shareholdings, Tan seems re-energised in his business career after seemingly signalling he was going to take a lesser role in the running of his business empire.

During a trip to Kyoto, Japan to open the Four Seasons Hotel and Hotel Residences, Tan spoke about the potential of some of his businesses. He seemed passionate about the prospects of the Berjaya Corp’s lottery business in Vietnam.

According to a report, the unit, which has an 18-year exclusive right to operate a computerised lottery in Vietnam, has seen its sales revenue increased 4.6 times in less than two months. Its revenue as of Nov 20 was US$32.1mil.

“Sales have far surpassed our expectations. We only launched one jackpot. We are going to launch 10 to 12 games and it is going to be fantastic,” he said in a report recently.

Tan also feels that his fledgling lottery business in Vietnam can become much bigger than the cash cow of his business empire, which is Berjaya Sports Toto Bhd. He says the complexity of his business group prevents many from analysing accurately the different types of businesses within the group

“But not many people understand it. We are pretty relaxed (about it),” says Tan about the lack of awareness about the potential of the lottery business in Vietnam.

One company that might add to the value of Tan’s wealth is that of mobile phone operator U-Mobile. It is thought that U-Mobile might be ready for a listing on Bursa Malaysia this year and depending on the valuations it can fetch, such a listing might very well increase the wealth of Tan for next year’s instalment of the richest Malaysians.

Source: The Star
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Re: Berjaya Corp / Vincent Tan

Postby winston » Thu Jun 28, 2018 9:17 pm

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BCorp suffers biggest annual loss since 2006

KUALA LUMPUR: Berjaya Corp Bhd, the flagship company of Tan Sri Vincent Tan Chee Yioun, suffered its biggest annual loss 12 years after a dismal fourth quarter ended April 30.

It expects another challenging year ahead, the company said in filing with Bursa Malaysia today.

BCorp blamed the RM95.2mil loss made in the last quarter ended to significant drop in contribution from its retail distribution, property development, hotel and gaming operations.

For the full year (FY18), the group posted a loss of RM377mil, o 6.5 sen a share. This is the group’s worst performance in FY06.

Together, these one-time charges amounted to RM354mil.

Excluding these items, the company said it would have made a pre-tax profit of RM226.2mil for FY18.

In a statement today, Berjaya Corp said its executive chairman Vincent Tan is confident that a substantial portion of the impairment provision losses can be reversed in the future.

Berjaya Corp owns direct stakes in listed companies including Berjaya Sports Toto Bhd Bhd. Berjaya Assets and Vincent Tan are substantial shareholders of 7-Eleven Malaysia Holdings Bhd

Source: The Star

https://www.thestar.com.my/business/bus ... Gyk8oks.99
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Re: Berjaya Corp / Vincent Tan

Postby winston » Wed Jun 16, 2021 8:40 am

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BCorp goes on consumer path

By ROYCE TAN and XIAO TONG

PETALING JAYA: Berjaya Corp Bhd (BCorp) will be undergoing a reorganisation into five main business sectors as it morphs into a consumer group from its existing conglomerate status.

The business segments will be reorganised under retail, food and beverage, property, hospitality, and services, each to be led by respective sector heads with oversight from the group chief executive officer Jalil Rasheed.

The strategic plan will anchor around five key pillars to drive operational efficiency and execution namely profitability, governance, process, people and digital.

Announced major restructurings that will include the closure of 60 dormant companies, a target to reduce the group’s RM5bil debts by half in three years, divestments and some deals in the pipeline.

BCorp will also put a dividend policy in place on all the companies under it.

BCorp has also identified five to six companies from a wide range of sectors for potential merger and acquisitions (M&As), joint ventures (JVs) or initial public offerings (IPOs).

“Essentially, the overarching thing is we want to be in businesses where we can control our own fate in terms or pricing, being able to roll things out and we also want to make sure that these are businesses that will have scalability, that people will keep on continuing to come out there and buy things from us.


Source: The Star

https://www.thestar.com.my/business/bus ... sumer-path
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Re: Berjaya Corp / Vincent Tan

Postby winston » Fri Jul 16, 2021 7:44 am

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Berjaya Corp plans to privatise BLand, sell BToto and set up hospitality REIT, says Jalil

by Tan Siew Mung

"The idea is that over a longer term, I (BCorp) would love to have a hospitality REIT, which owns, just five-star hotels, not operated by us, but owned by us,” he said.

KUALA LUMPUR (July 15): Berjaya Corp Bhd (BCorp) plans to privatise subsidiary Berjaya Land Bhd (BLand) and sell Berjaya Sports Toto Bhd (BToto) under the diversified group's strategic transformation plan, which includes a proposed hospitality real estate investment trust (REIT).

BCorp group chief executive officer (CEO) Abdul Jalil Abdul Rasheed said today BCorp has not set a timeline to privatise BLand but he hopes BCorp will "do it sooner rather than later".

As BLand owns a lot of companies, Abdul Jalil said BCorp sees the need to rationalise BLand, and the best way is to privatise BLand.

Abdul Jalil said BCorp plans to sell BToto as the number forecast operator is in a highly regulated business.

He said BCorp has not, however, put a timeline on the planned sale of BToto and that BCorp will sell BToto when the price is right.

BCorp said its subsidiaries comprise BLand, BToto, Berjaya Food Bhd and REDtone Digital Bhd.

According to BCorp, BLand's core businesses include property investment and development besides lottery and hotel operations while BToto’s principal activities include Toto betting operations, manufacturing and distribution of computerised lottery and voting systems besides property investment and development.

According to BToto’s filing with Bursa Malaysia on June 3, 2021, BCorp owned direct and indirect stakes of 2.524% and 46.048% respectively in BToto as at May 31, 2021.

BLand’s Bursa filing on June 22, 2021 indicated that BCorp held direct and indirect stakes of 7.611% and 71.018% in BLand respectively as at June 18, 2021.

Meanwhile, BCorp plans to set up a hospitality REIT which focuses on five-star hotels in developed countries including Japan as the group plans its exit from other hospitality markets where BCorp is no longer competitive.

Abdul Jalil said BCorp is slowly exiting hospitality markets in China and Vietnam and that the group has put its resorts and hotels in Sri Lanka, Vietnam and the Philippines up for sale as BCorp is no longer competitive in these markets.

He said BCorp plans to fully exit the China hospitality market by end-2021.

Abdul Jalil also fielded questions on mobile telecommunication network provider U Mobile Sdn Bhd where Tan is chairman.

Abdul Jalil said U Mobile’s listing may take place in the first quarter or middle of next year (2022).

As BCorp is not a major shareholder of U Mobile, he said the timing of U Mobile’s listing is not something that BCorp can decide.

On June 15, 2021, BCorp said in a press release which was attached to its Bursa filing that BCorp's strategic plan will transform the conglomerate into a consumer group with focused core business segments, each led by respective sector heads with oversight from the group CEO.

BCorp said the group's five business segments will be reorganised under the retail, food and beverage, property, hospitality and services segments.

Notable elements of BCorp’s strategic plan include asset divestments worth RM2 billion over two years and RM5 billion over five years, reduction of BCorp's debt level from RM5 billion to RM2.5 billion over three years and dividend policy for all operating companies, according to BCorp.

Source: The Edge

https://www.theedgemarkets.com/article/ ... ports-toto
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