BCB (6602)

[1truth]

Net asset per share is more than RM1.50, it has been profitable for the past several years. Share price has risen to 40sen plus this week. A potential stock as the stock has only risen slightly from its lowest level in 2009 as most property stocks have doubled or tripled in price.

This company should launch their property development project this year or next year in KL (land cost alone is RM50mil, so, the total project should be worth several hundred millions. Also, the company is going to get settlement from its major trade debtor amounted to RM40-RM50mil.  Lastly, the company has started to buyback its own shares.  


BCB entering Klang Valley property market
Written by The Edge Financial Daily
Wednesday, 10 March 2010 23:31

KUALA LUMPUR: Johor-based developer BCB BHD [] is acquiring two vacant lands in Batu Daerah here for RM50.96 million in a bid to increase its landbank and enter the Klang Valley property market.

The developer, whose projects are primarily focused in Johor, said it intends to construct high-end condominium on the two parcels of land measuring a total of two hectares.

"The land acquisition would increase our landbank and provide sustainable earnings over the medium term in view of the favourable outlook of the land location," BCB said in a statement to Bursa today.

The company also said the acquisition would improve its market share and enhance its product variety.

In an announcement to Bursa Malaysia today, BCB said it has entered into a sale and purchase agreement (SPA) with Warta Development Sdn Bhd and Yap Khay Cheong & Sons Realty Sdn Bhd to acquire the two parcels of freehold land for RM48.85 million.

The purchase consideration was arrived after taking into consideration the land's location and potential development. The remaining land conversion premium of RM2.11 million would be paid after the SPA is signed.

BCB intends to finance 70% of the purchase consideration through bank borrowings and the rest by internally generated funds, it said.

The company said the acquisition would not have any effect on the earnings per share and net asset for the FY10 ending June 10.

"However, the proposed development of the land is expected to contribute positively to the earnings of BCB in the future years," it said.
 





BCB Bhd enters in MoU with Global Earnest
By Wong King Wai of theedgeproperty.com
Tuesday, 26 October 2010 19:17

KUALA LUMPUR: BCB Bhd announced on Tuesday, Oct 26 that it has entered into a Memorandum of Understanding (MOU) with Global Earnest Sdn Bhd for it to pay back the Group for contract work undertaken and completed amounting to RM47,996,169.
 To settle the amount owing, Global Earnest, Marvel Plus Development and Wawasan Perumahan (Johor) Sdn Bhd, will dispose of unsold units of U Mall, a double-storey shopping complex located at 45, Jalan Pulai 20, Taman Pulai Utama in Johor Bahru.

U Mall has an estimated market value of RM49.4 million.

Henry Butcher Malaysia (Johor) Sdn Bhd is handling the full report and valuation.
 BCB Berhad is engaged in investment holding, property development and hotel operations
 

[Extracted from Bursa Website]
Wednesday,  15 Sep 2010  
  
5:54PM  65,000 shares purchased  
  
Monday,  6 Sep 2010  
  
5:41PM  50,000 shares purchased  
  
Friday,  3 Sep 2010  
  
5:45PM  65,000 shares purchased  
  
Thursday,  26 Aug 2010  
  
5:57PM  30,000 shares purchased  
  
Tuesday,  24 Aug 2010  
  
5:51PM  20,000 shares purchased  

[dannylong]

Net asset per share is more than RM1, it has been profitable for the past several years. Share price has risen to 40sen plus this week. A potential stock as the stock has only risen slightly from its lowest level in 2009 as most property stocks have doubled or tripled in price.

This company should launch their property development project this year or next year in KL (land cost alone is RM50mil, so, the total project should be worth several hundred millions. Also, the company is going to get settlement from its major trade debtor amounted to RM40-RM50mil.  Lastly, the company has started to buyback its own shares.  


BCB entering Klang Valley property market
Written by The Edge Financial Daily
Wednesday, 10 March 2010 23:31

KUALA LUMPUR: Johor-based developer BCB BHD [] is acquiring two vacant lands in Batu Daerah here for RM50.96 million in a bid to increase its landbank and enter the Klang Valley property market.

The developer, whose projects are primarily focused in Johor, said it intends to construct high-end condominium on the two parcels of land measuring a total of two hectares.

"The land acquisition would increase our landbank and provide sustainable earnings over the medium term in view of the favourable outlook of the land location," BCB said in a statement to Bursa today.

The company also said the acquisition would improve its market share and enhance its product variety.

In an announcement to Bursa Malaysia today, BCB said it has entered into a sale and purchase agreement (SPA) with Warta Development Sdn Bhd and Yap Khay Cheong & Sons Realty Sdn Bhd to acquire the two parcels of freehold land for RM48.85 million.

The purchase consideration was arrived after taking into consideration the land's location and potential development. The remaining land conversion premium of RM2.11 million would be paid after the SPA is signed.

BCB intends to finance 70% of the purchase consideration through bank borrowings and the rest by internally generated funds, it said.

The company said the acquisition would not have any effect on the earnings per share and net asset for the FY10 ending June 10.

"However, the proposed development of the land is expected to contribute positively to the earnings of BCB in the future years," it said.
 





BCB Bhd enters in MoU with Global Earnest
By Wong King Wai of theedgeproperty.com
Tuesday, 26 October 2010 19:17

KUALA LUMPUR: BCB Bhd announced on Tuesday, Oct 26 that it has entered into a Memorandum of Understanding (MOU) with Global Earnest Sdn Bhd for it to pay back the Group for contract work undertaken and completed amounting to RM47,996,169.
 To settle the amount owing, Global Earnest, Marvel Plus Development and Wawasan Perumahan (Johor) Sdn Bhd, will dispose of unsold units of U Mall, a double-storey shopping complex located at 45, Jalan Pulai 20, Taman Pulai Utama in Johor Bahru.

U Mall has an estimated market value of RM49.4 million.

Henry Butcher Malaysia (Johor) Sdn Bhd is handling the full report and valuation.
 BCB Berhad is engaged in investment holding, property development and hotel operations
 
Wednesday,  15 Sep 2010  
  
5:54PM  65,000 shares purchased  
  
Monday,  6 Sep 2010  
  
5:41PM  50,000 shares purchased  
  
Friday,  3 Sep 2010  
  
5:45PM  65,000 shares purchased  
  
Thursday,  26 Aug 2010  
  
5:57PM  30,000 shares purchased  
  
Tuesday,  24 Aug 2010  
  
5:51PM  20,000 shares purchased  

already risen to 0.455.(lowest price on 18/8/2010 is 0.32)
           what is the entry price?
           can I wait and see?
           I think this stock can be a rising star ,since property stocks are all the way UP UP and UP
           
           

[1truth]

already risen to 0.455.(lowest price on 18/8/2010 is 0.32)
           what is the entry price?
           can I wait and see?
           I think this stock can be a rising star ,since property stocks are all the way UP UP and UP
            
            

surely, u can wait and see. entry price is subjective. if it continues to rise, then the entry price will be higher and higher till its fair value.

[aspenvit]

THERE MAY BE TEMPORARY SET BACK IN PROPERTY SHARES LEH DUE TO THE 70% BORROWING LIMIT.

[1truth]

THERE MAY BE TEMPORARY SET BACK IN PROPERTY SHARES LEH DUE TO THE 70% BORROWING LIMIT.

after the announcement, property stocks rose further as the policy implemented by BNM is ineffective such as a married couple can borrow and buy up to 4 houses  together ( 2 each) before subjecting to the ruling. Also, for the rich, the 70% ruling does not mean anything.

[aspenvit]

after the announcement, property stocks rose further as the policy implemented by BNM is ineffective such as a married couple can borrow and buy up to 4 houses  together ( 2 each) before subjecting to the ruling. Also, for the rich, the 70% ruling doest not mean anything.

WHAT IF ONE HOUSE IS UNDER 3 PERSONS' NAME? THAT IS COUNTED AS 1/3 PROPERTY RIGHT?

[dannylong]

after the announcement, property stocks rose further as the policy implemented by BNM is ineffective such as a married couple can borrow and buy up to 4 houses  together ( 2 each) before subjecting to the ruling. Also, for the rich, the 70% ruling doest not mean anything.

Agree with you 1 TRUTH.   :clap:I am a simple guy.just read the market sentiment and follow the market stream.If properties index up-trend then I buy.BCB is almost the property king in Kluang,worth to invest.

[1truth]

Agree with you 1 TRUTH.  :clap:I am a simple guy.just read the market sentiment and follow the market stream.If properties index up-trend then I buy.BCB is almost the property king in Kluang,worth to invest.

For BCB, Net asset per share was RM1.58 and retained profits  was more than RM110millions (making profits since listing) as at 30 June 2010 as per the quarterly financial report as at 30 June 2010. BCB has also agressively increased its land held for development from RM62mil as at 30 June 09 to RM107mil as at 30 June 2010 (making profits over the past years and use it to buy more lands) as per the quarterly report. On the other hand, farlim with an accumulated losses of more than RM57millions, land held for development was RM0 and net assets per share of just RM0.89 as at 31 March 2010 in its quarterly report but its share price has risen to 46sen already from its 52-week low of 29sen. Malton's 52-week low was 34.5sen but now 75.5sen already [retained profits was only RM90millions, land held for development was RM150million and net asset per share was only RM1.26 as at 30 june 10 as per quarterly report]. BCB is an unnoticed property jewel. I believe that BCB has great potential to rise further in line with other property stocks that have risen earlier and much faster [BCB share price now is 45.5sen, its 52-week low was 32sen].


The decision to venture into new property development project in KL (as reported in the edge financial daily earlier) is good as more foreign skilled workers mean more demand for properties especially in KL or other major cities or towns in Malaysia.


(Source: Bernama)
Skilled workers: Najid to make announcements on policy regarding skilled workers. Prime Minister Datuk Seri Najib Tun Razak will be making an announcement on the policy to attract skilled workforce, including foreign workers, to work in the country. He indicated that there is going to be a huge change in the government's policy. Malaysia will make it easier for the foreign skilled workers to get working visas and even permanent resident status.



Past BCB's Projects inclusive of [extracted from BCB website]:-

 
· Plaza BCB & Prime City Hotel (Kluang, Johor)
 · Kluang Sports Complex / Stadium – Privatisation project (Kluang, Johor)
 · Johbase City Square (Kluang, Johor)
 · Taman Sri Kluang (Kluang, Johor)
 · Taman Kluang Baru II (Kluang, Johor)
 · Taman Saujana (Kluang, Johor)
 · Taman Emas (Kluang, Johor)
 · Taman Bukit Perdana (Batu Pahat, Johor)
 · Evergreen Heights (Batu Pahat, Johor)
 · Taman Bunga Cempaka Biru (Parit Raja, Johor)
 · Taman Bandar Cahaya Baru (Yong Peng, Johor)
 · Taman Pulai Utama (Johor Bahru, Johor)
 · Taman Megah (Pontian, Johor)
 · Taman Seremban Jaya (Seremban, Negeri Sembilan)
 
Most of the past projects were in Johor and with the rising CPO price (palm oil), the Johoreans would have more money to invest in properties as Johor is the biggest palm oil producing state in Peninsular Malaysia. Take a free ride with BCB.  

[1truth]

continue its uptrend today. i think once it announces its big project in KL, the price will rocket.

[1truth]

With its big property development project in KL to be announced together with the MOU with its debtors plus share buyback, expecting something interesting to happen very soon.

[1truth]

Increased by 11sen to close at 53sen today. 

[1truth]

Extracted from the star @20/11/2010
Thanks to the composite index's lower beta nature, the downside of the market is cushioned at the 1,487 level. The spotlight will likely be on the lower liners, particularly the construction, building materials and property stocks.

On Friday's close, the market was up 9.4 points to close at 1,506.05 on volume of 1.02 billion shares.

[1truth]

if bcb's quarterly result to be announced this week shows flying colours, it share price will continue to rise till further announcement of its KL project, etc.

[1truth]

Just extracted from bcb annual report 2010 (just released) as follows:

Kuala Lumpur
In regards to the bungalow land in Taman Yarl, the Group intent to launch the 3 units of high-end 3 and 4 storey bungalows
in the next financial year.
The same is expected for the 352 units of high-end condominiums adjacent to Solaris Mont’ Kiara which will have a Gross
Development Value (GDV) of about RM500.0 million.

Its hare price will jump very soon.

[Wine_France]

hope

[1truth]

Just extracted from bcb annual report 2010 (just released) as follows:

Kuala Lumpur
In regards to the bungalow land in Taman Yarl, the Group intent to launch the 3 units of high-end 3 and 4 storey bungalows
in the next financial year.
The same is expected for the 352 units of high-end condominiums adjacent to Solaris Mont’ Kiara which will have a Gross
Development Value (GDV) of about RM500.0 million.

Its share price will jump very soon.

[Wonder]

AIYOYO, U AGAIN?

IS IT THE SAME WITH "1 TRUTH"?


KIH KIH KIH

[stevelee]

small stock --- drop 14 cents ....wowo....

[zap188]

The annual report was released exactly a week ago on November 16th.

[1truth]

announced after 5pm today or nov 23. 


 
Tuesday,  23 Nov 2010 
 
5:21PM  1Q net profit 1.984 million (increased 388.67%) 
 

[1truth]

Quarterly rpt on consolidated results for the financial period ended 30/9/2010 
Quarter: 1st Quarter
Financial Year End: 30/06/2011
Report Status: Unaudited
Submitted By: YEAP KOK LEONG
 
  Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period
  30/09/2010 30/09/2009 30/09/2010 30/09/2009
  RM '000 RM '000 RM '000 RM '000
1 Revenue 23,894 15,319 23,894 15,319
2 Profit/Loss Before Tax 2,727 597 2,727 597
3 Profit/Loss After Tax and Minority Interest 1,984 406 1,984 406
4 Net Profit/Loss For The Period 1,984 406 1,984 406
5 Basic Earnings/Loss Per Shares (sen) 0.99 0.20 0.99 0.20

As At End of Current Quarter As At Preceding Financial Year End
Net Tangible Assets Per Share (RM)     1.5900 1.5800
 
 
Remarks:
N/A
 
 

23/11/2010   05:21 PM 


 

[1truth]

this stock is greatly undervalued. a profitable and asset rich company. RM500 million project to be launched in mont kiara area.

[1truth]

this stock is greatly undervalued. a profitable and asset rich company. RM500 million project to be launched in mont kiara area. share price was 40sen plus now

[1truth]

Net asset per share is more than RM1.50, it has been profitable for the past several years. Share price has risen to 40sen plus this week. A potential stock as the stock has only risen slightly from its lowest level in 2009 as most property stocks have doubled or tripled in price.

This company should launch their property development project this year or next year in KL (land cost alone is RM50mil, so, the total project should be worth several hundred millions. Also, the company is going to get settlement from its major trade debtor amounted to RM40-RM50mil.  Lastly, the company has started to buyback its own shares.  


BCB entering Klang Valley property market
Written by The Edge Financial Daily
Wednesday, 10 March 2010 23:31

KUALA LUMPUR: Johor-based developer BCB BHD [] is acquiring two vacant lands in Batu Daerah here for RM50.96 million in a bid to increase its landbank and enter the Klang Valley property market.

The developer, whose projects are primarily focused in Johor, said it intends to construct high-end condominium on the two parcels of land measuring a total of two hectares.

"The land acquisition would increase our landbank and provide sustainable earnings over the medium term in view of the favourable outlook of the land location," BCB said in a statement to Bursa today.

The company also said the acquisition would improve its market share and enhance its product variety.

In an announcement to Bursa Malaysia today, BCB said it has entered into a sale and purchase agreement (SPA) with Warta Development Sdn Bhd and Yap Khay Cheong & Sons Realty Sdn Bhd to acquire the two parcels of freehold land for RM48.85 million.

The purchase consideration was arrived after taking into consideration the land's location and potential development. The remaining land conversion premium of RM2.11 million would be paid after the SPA is signed.

BCB intends to finance 70% of the purchase consideration through bank borrowings and the rest by internally generated funds, it said.

The company said the acquisition would not have any effect on the earnings per share and net asset for the FY10 ending June 10.

"However, the proposed development of the land is expected to contribute positively to the earnings of BCB in the future years," it said.
 





BCB Bhd enters in MoU with Global Earnest
By Wong King Wai of theedgeproperty.com
Tuesday, 26 October 2010 19:17

KUALA LUMPUR: BCB Bhd announced on Tuesday, Oct 26 that it has entered into a Memorandum of Understanding (MOU) with Global Earnest Sdn Bhd for it to pay back the Group for contract work undertaken and completed amounting to RM47,996,169.
 To settle the amount owing, Global Earnest, Marvel Plus Development and Wawasan Perumahan (Johor) Sdn Bhd, will dispose of unsold units of U Mall, a double-storey shopping complex located at 45, Jalan Pulai 20, Taman Pulai Utama in Johor Bahru.

U Mall has an estimated market value of RM49.4 million.

Henry Butcher Malaysia (Johor) Sdn Bhd is handling the full report and valuation.
 BCB Berhad is engaged in investment holding, property development and hotel operations
 

[Extracted from Bursa Website]
Wednesday,  15 Sep 2010  
  
5:54PM  65,000 shares purchased  
  
Monday,  6 Sep 2010  
  
5:41PM  50,000 shares purchased  
  
Friday,  3 Sep 2010  
  
5:45PM  65,000 shares purchased  
  
Thursday,  26 Aug 2010  
  
5:57PM  30,000 shares purchased  
  
Tuesday,  24 Aug 2010  
  
5:51PM  20,000 shares purchased  

[1truth]

Just extracted from bcb annual report 2010 (just released) as follows:

Kuala Lumpur
In regards to the bungalow land in Taman Yarl, the Group intent to launch the 3 units of high-end 3 and 4 storey bungalows
in the next financial year.
The same is expected for the 352 units of high-end condominiums adjacent to Solaris Mont’ Kiara which will have a Gross
Development Value (GDV) of about RM500.0 million.

Its hare price will jump very soon.

It could be an acquisition target with its 40sen plus share price and net asset per share at rm1.59. on top of that, it made a profit before tax of rm2.7mil for its 3rd quarter 2010 and upcoming project in mont kiara area worth more than rm500mil.

[goldendream]

Just extracted from bcb annual report 2010 (just released) as follows:

Kuala Lumpur
In regards to the bungalow land in Taman Yarl, the Group intent to launch the 3 units of high-end 3 and 4 storey bungalows
in the next financial year.
The same is expected for the 352 units of high-end condominiums adjacent to Solaris Mont’ Kiara which will have a Gross
Development Value (GDV) of about RM500.0 million.

Its hare price will jump very soon.

It could be an acquisition target with its 40sen plus share price and net asset per share at rm1.59. on top of that, it made a profit before tax of rm2.7mil for its 3rd quarter 2010 and upcoming project in mont kiara area worth more than rm500mil.

Another dark horse on the verge of ...north bound! Keep an eye

[1truth]

Another dark horse on the verge of ...north bound! Keep an eye

extracted from its 2010 annual report. directors with good background as follows:-

Datuk Seri Ismail Bin Yusof, aged 66, a Malaysian, was
appointed to the Board on 14 July 1998. He is the Chairman
of BCB Berhad (BCB). He holds a Bachelor of Arts (Hons)
from University of Malaya. He was previously Secretary of
The Federal Territory Development Division in the Prime
Minister’s Department. He also holds non-executive
directorships in Minho (M) Berhad, South Malaysia Industries
Berhad and Utusan Melayu (Malaysia) Berhad. He attended
five (5) of five (5) Board Meetings held in the financial year
ended 30 June 2010.

Encik Ash’ari Bin Ayub, aged 68, a Malaysian, was
appointed to the Board on 16 May 2001. He is a member
of the Malaysian Institute of Accountants (MIA) and the
Malaysian Institute of Certified Public Accountants (MICPA).
He was previously a Senior Partner of Coopers & Lybrand,
Kuala Lumpur (now known as PricewaterhouseCoopers).
He also holds non-executive directorships in AV Ventures
Corporation Berhad, Metrod (Malaysia) Berhad and Ranhill
Utilities Sdn Bhd. He attended five (5) of five (5) Board
Meetings held in the financial year ended 30 June 2010.

Dato’ Tan Seng Leong, aged 54, a Malaysian, was appointed
to the Board on 9 November 1988. He is the Group Managing
Director. He is the founder of BCB. He is also a director of
BCB’s subsidiaries and several private companies. He is an
entrepreneur with considerable experience in the property
development industry, particularly in the State of Johor.
He is deemed in conflict of interest with the Company by
virtue of his interests and directorships in certain privately owned
companies which are also involved in property
development and related activities. However, these
privately-owned companies are not in direct competition
with the business of the Company due to the different
market segment and / or locality of developments.
Except for his deemed interests as disclosed under
Statement of Corporate Governance of this Annual Report,
there are no other business arrangements with the Company
in which he has personal interests. He attended five (5) of
five (5) Board Meetings held in the financial year ended 30
June 2010.

Encik M Arif Bin Kataman, aged 57, a Malaysian, was
appointed to the Board on 23 August 2010. He is currently
the Ketua Whip, Ahli Mesyuarat, Majlis Perbandaran Kluang.
He was previously with LLN / TNB as an Electrical Engineer for
32 years. During this period, he holds various positions such
as Consumer Engineer, Distribution Engineer, Maintenance
and Operation Engineer, Senior District Manager, State
Project Engineer, Regional Safety and Quantity Engineer,
Special Assistant to Chairman TNB and Senior Project
Director. He had gathered vast experiences from various
positions and departments in LLN / TNB.

[1truth]

Another dark horse on the verge of ...north bound! Keep an eye

Agreed. Something interesting is going to happen very soon (see the belowmentioned extract from its latest 2010 annual report).

On 26 October 2010, the Group entered into a Memorandum of Understanding (“MOU”) with Global Earnest Sdn Bhd
(a trade debtor) to extinguish / fully settle trade debts owed to it by Global Earnest Sdn Bhd, Wawasan Perumahan
(Johor) Sdn Bhd (a trade debtor) and Marvel Plus Development Sdn Bhd (a related party) totalling RM47,996,169 as at
the financial year end, via a proposed contra/set-off of properties, comprising the relevant unsold units of commercial
lots at a shopping mall located in Johor Bahru, owned by Global Earnest Sdn Bhd. Global Earnest Sdn Bhd in turn will
have separate settlement agreements with Wawasan Perumahan (Johor) Sdn Bhd and Marvel Plus Development Sdn
Bhd.
The Group has appointed valuers, Henry Butcher Malaysia (Johor) Sdn Bhd, to value the said properties and the
preliminary combined indicative values of the relevant unsold units owned by Global Earnest Sdn Bhd at the said
shopping mall was higher than the combined debts owed to the Group by Global Earnest Sdn Bhd, Wawasan
Perumahan (Johor) Sdn Bhd and Marvel Plus Development Sdn Bhd.
As at the date of this report, the Group has also engaged SFG Advisory Sdn Bhd and is in the process of engaging
other advisors for this corporate exercise.
This corporate exercise will require a shareholders’ extraordinary general meeting (“EGM”) to be convened and the
EGM is expected to be held in February 2011. The corporate exercise is expected to be completed within four months
from the date of these financial statements.

[1truth]

Net asset per share is more than RM1.50, it has been profitable for the past several years. Share price has risen to 40sen plus this week. A potential stock as the stock has only risen slightly from its lowest level in 2009 as most property stocks have doubled or tripled in price.

This company should launch their property development project this year or next year in KL (land cost alone is RM50mil, so, the total project should be worth several hundred millions. Also, the company is going to get settlement from its major trade debtor amounted to RM40-RM50mil.  Lastly, the company has started to buyback its own shares.  


BCB entering Klang Valley property market
Written by The Edge Financial Daily
Wednesday, 10 March 2010 23:31

KUALA LUMPUR: Johor-based developer BCB BHD [] is acquiring two vacant lands in Batu Daerah here for RM50.96 million in a bid to increase its landbank and enter the Klang Valley property market.

The developer, whose projects are primarily focused in Johor, said it intends to construct high-end condominium on the two parcels of land measuring a total of two hectares.

"The land acquisition would increase our landbank and provide sustainable earnings over the medium term in view of the favourable outlook of the land location," BCB said in a statement to Bursa today.

The company also said the acquisition would improve its market share and enhance its product variety.

In an announcement to Bursa Malaysia today, BCB said it has entered into a sale and purchase agreement (SPA) with Warta Development Sdn Bhd and Yap Khay Cheong & Sons Realty Sdn Bhd to acquire the two parcels of freehold land for RM48.85 million.

The purchase consideration was arrived after taking into consideration the land's location and potential development. The remaining land conversion premium of RM2.11 million would be paid after the SPA is signed.

BCB intends to finance 70% of the purchase consideration through bank borrowings and the rest by internally generated funds, it said.

The company said the acquisition would not have any effect on the earnings per share and net asset for the FY10 ending June 10.

"However, the proposed development of the land is expected to contribute positively to the earnings of BCB in the future years," it said.
 





BCB Bhd enters in MoU with Global Earnest
By Wong King Wai of theedgeproperty.com
Tuesday, 26 October 2010 19:17

KUALA LUMPUR: BCB Bhd announced on Tuesday, Oct 26 that it has entered into a Memorandum of Understanding (MOU) with Global Earnest Sdn Bhd for it to pay back the Group for contract work undertaken and completed amounting to RM47,996,169.
 To settle the amount owing, Global Earnest, Marvel Plus Development and Wawasan Perumahan (Johor) Sdn Bhd, will dispose of unsold units of U Mall, a double-storey shopping complex located at 45, Jalan Pulai 20, Taman Pulai Utama in Johor Bahru.

U Mall has an estimated market value of RM49.4 million.

Henry Butcher Malaysia (Johor) Sdn Bhd is handling the full report and valuation.
 BCB Berhad is engaged in investment holding, property development and hotel operations
 

[Extracted from Bursa Website]
Wednesday,  15 Sep 2010  
  
5:54PM  65,000 shares purchased  
  
Monday,  6 Sep 2010  
  
5:41PM  50,000 shares purchased  
  
Friday,  3 Sep 2010  
  
5:45PM  65,000 shares purchased  
  
Thursday,  26 Aug 2010  
  
5:57PM  30,000 shares purchased  
  
Tuesday,  24 Aug 2010  
  
5:51PM  20,000 shares purchased  

[1truth]

Another dark horse on the verge of ...north bound! Keep an eye

Agreed. Something interesting is going to happen very soon (see the belowmentioned extract from its latest 2010 annual report).

On 26 October 2010, the Group entered into a Memorandum of Understanding (“MOU”) with Global Earnest Sdn Bhd
(a trade debtor) to extinguish / fully settle trade debts owed to it by Global Earnest Sdn Bhd, Wawasan Perumahan
(Johor) Sdn Bhd (a trade debtor) and Marvel Plus Development Sdn Bhd (a related party) totalling RM47,996,169 as at
the financial year end, via a proposed contra/set-off of properties, comprising the relevant unsold units of commercial
lots at a shopping mall located in Johor Bahru, owned by Global Earnest Sdn Bhd. Global Earnest Sdn Bhd in turn will
have separate settlement agreements with Wawasan Perumahan (Johor) Sdn Bhd and Marvel Plus Development Sdn
Bhd.
The Group has appointed valuers, Henry Butcher Malaysia (Johor) Sdn Bhd, to value the said properties and the
preliminary combined indicative values of the relevant unsold units owned by Global Earnest Sdn Bhd at the said
shopping mall was higher than the combined debts owed to the Group by Global Earnest Sdn Bhd, Wawasan
Perumahan (Johor) Sdn Bhd and Marvel Plus Development Sdn Bhd.
As at the date of this report, the Group has also engaged SFG Advisory Sdn Bhd and is in the process of engaging
other advisors for this corporate exercise.
This corporate exercise will require a shareholders’ extraordinary general meeting (“EGM”) to be convened and the
EGM is expected to be held in February 2011. The corporate exercise is expected to be completed within four months
from the date of these financial statements

[1truth]

Agreed. Something interesting is going to happen very soon (see the belowmentioned extract from its latest 2010 annual report).

On 26 October 2010, the Group entered into a Memorandum of Understanding (“MOU”) with Global Earnest Sdn Bhd
(a trade debtor) to extinguish / fully settle trade debts owed to it by Global Earnest Sdn Bhd, Wawasan Perumahan
(Johor) Sdn Bhd (a trade debtor) and Marvel Plus Development Sdn Bhd (a related party) totalling RM47,996,169 as at
the financial year end, via a proposed contra/set-off of properties, comprising the relevant unsold units of commercial
lots at a shopping mall located in Johor Bahru, owned by Global Earnest Sdn Bhd. Global Earnest Sdn Bhd in turn will
have separate settlement agreements with Wawasan Perumahan (Johor) Sdn Bhd and Marvel Plus Development Sdn
Bhd.
The Group has appointed valuers, Henry Butcher Malaysia (Johor) Sdn Bhd, to value the said properties and the
preliminary combined indicative values of the relevant unsold units owned by Global Earnest Sdn Bhd at the said
shopping mall was higher than the combined debts owed to the Group by Global Earnest Sdn Bhd, Wawasan
Perumahan (Johor) Sdn Bhd and Marvel Plus Development Sdn Bhd.
As at the date of this report, the Group has also engaged SFG Advisory Sdn Bhd and is in the process of engaging
other advisors for this corporate exercise.
This corporate exercise will require a shareholders’ extraordinary general meeting (“EGM”) to be convened and the
EGM is expected to be held in February 2011. The corporate exercise is expected to be completed within four months
from the date of these financial statements

Project worth more than rm500million to be launched in mont kiara area as per the 2010 annual report together with such corporate exercise, a must buy stock. how many property developers have ever launched such project in mont kiara? if not mistaken, only mah sing and sunrise. 

[simplesoul]

Project worth more than rm500million to be launched in mont kiara area as per the 2010 annual report together with such corporate exercise, a must buy stock. how many property developers have ever launched such project in mont kiara? if not mistaken, only mah sing and sunrise. 

hmmm....will look at  it trrow mornin!!!!! currently alsolooking at another johor developer, constant dividends, since listing, and huge profits this year, and for the coming year also, .....plenitude(low key), been collecting as price comes down again after bonus issue! low p/e, huge profits!

 

[1truth]

click on the link to read bc bhd's 2010 annual report. good upside potential. http://announcements.bursamalaysia.com/EDMS/subweb.nsf/7f04516f8098680348256c6f0017a6bf/e804519107612db8482577e500281ce1/$FILE/BCB-AnnualReport2010%20(2.38MB).pdfb

[simplesoul]

click on the link to read bc bhd's 2010 annual report. good upside potential. http://announcements.bursamalaysia.com/EDMS/subweb.nsf/7f04516f8098680348256c6f0017a6bf/e804519107612db8482577e500281ce1/$FILE/BCB-AnnualReport2010%20(2.38MB).pdfb

 

[1truth]

No sellers below 41sen, closed at 41sen. i think shareholders are waiting for the corporate exercise cum launching of the rm500mil project in mont kiara area. i think it would rocket once such announcement is made. just hold our breath till then. 

[simplesoul]

No sellers below 41sen, closed at 41sen. i think shareholders are waiting for the corporate exercise cum launching of the rm500mil project in mont kiara area. i think it would rocket once such announcement is made. just hold our breath till then. 

[1truth]

Selected property related stocks up       
Written by Joseph Chin     
Friday, 10 December 2010 09:55 
 
KUALA LUMPUR: Property and CONSTRUCTION [] related counters, which had been off the radar screen of investors, advanced in early trade on Friday, Dec 10, riding on the positive sentiment of the property sector.

At 9.51am, KYM was up 18 sen to RM2.60 while its warrants, KYM-WA added 20 sen to RM2.04. Landmarks gained 14 sen to RM1.51, Melati Ehsan added seven sen to 77 sen while YTL Land advanced seven sen to RM1.31.

The 30-stock FBM KLCI fell 1.92 points to 1,519.37, dragged by losses in Tenaga. Turnover was 265.52 million shares valued at RM353.93 million. There were 197 gainers, 193 losers and 220 stocks unchanged.

 

[1truth]

BCB targets Klang Valley
By ZAZALI MUSA
zaza@thestar.com.my


KLUANG: Johor-based property developer BCB Bhd will focus on building its presence in the Klang Valley property market over the next three to four years.

Group managing director Datuk Robert Tan Seng Leong said the company was confident it would be able to compete with established players in the Klang Valley.

He said BCB was in the midst of setting up a permanent office in Mont' Kiara, Kuala Lumpur to mark its commitment to become one of the major property players in the Klang Valley.

It is only natural for us to move beyond Johor and our presence in the Klang Valley will open up opportunities for us to venture into other states including Penang, Tan told StarBizWeek after the company AGM on Wednesday.

He said BCB would be launching two maiden property projects in the Klang Valley in the third and the fourth quarters of 2011.

The first project comprises three bungalows, priced from RM3mil, at Lorong Awan Jawa, Taman Yarl.

The second project is Secret Garden @ Kiara on a 2.02ha site beside Solaris Mont' Kiara, which consists of 352 condominium units in five 30-storey blocks with a gross development value of RM500mil.

Tan said the units, with built-up areas ranging from 1,400 to 4,000 sq ft would be priced at RM650 per sq ft and BCB expected the project, when completed in three years, to generate a pre-tax profit of RM100mil.

Being the new boy on the block, our selling price per sq ft is slightly lower than what the established players offer and we believe this will be our strong point to attract buyers, he said.

He said BCB had engaged building consultants and landscape architecture companies from Shanghai for Secret Garden @ Kiara and would award the construction of the project to a leading Japanese or South Korean contractor.

Tan said BCB would bank on its close relationship with property companies in China, especially from Beijing and Shanghai, in marketing the project to buyers in China as many rich Chinese were looking to buy properties in South-East Asia.

He also said BCB was actively looking for land in the Klang Valley for future development and was willing to undertake projects on joint-venture basis with land owners.

For the financial year ended June 30, BCB recorded net profit of RM2.12mil on revenue of RM91.07mil against RM3.6mil and RM93.07mil respectively the previous year

[1truth]

BCB targets Klang Valley
By ZAZALI MUSA
zaza@thestar.com.my


KLUANG: Johor-based property developer BCB Bhd will focus on building its presence in the Klang Valley property market over the next three to four years.

Group managing director Datuk Robert Tan Seng Leong said the company was confident it would be able to compete with established players in the Klang Valley.

He said BCB was in the midst of setting up a permanent office in Mont' Kiara, Kuala Lumpur to mark its commitment to become one of the major property players in the Klang Valley.

It is only natural for us to move beyond Johor and our presence in the Klang Valley will open up opportunities for us to venture into other states including Penang, Tan told StarBizWeek after the company AGM on Wednesday.

He said BCB would be launching two maiden property projects in the Klang Valley in the third and the fourth quarters of 2011.

The first project comprises three bungalows, priced from RM3mil, at Lorong Awan Jawa, Taman Yarl.

The second project is Secret Garden @ Kiara on a 2.02ha site beside Solaris Mont' Kiara, which consists of 352 condominium units in five 30-storey blocks with a gross development value of RM500mil.

Tan said the units, with built-up areas ranging from 1,400 to 4,000 sq ft would be priced at RM650 per sq ft and BCB expected the project, when completed in three years, to generate a pre-tax profit of RM100mil.

Being the new boy on the block, our selling price per sq ft is slightly lower than what the established players offer and we believe this will be our strong point to attract buyers, he said.

He said BCB had engaged building consultants and landscape architecture companies from Shanghai for Secret Garden @ Kiara and would award the construction of the project to a leading Japanese or South Korean contractor.

Tan said BCB would bank on its close relationship with property companies in China, especially from Beijing and Shanghai, in marketing the project to buyers in China as many rich Chinese were looking to buy properties in South-East Asia.

He also said BCB was actively looking for land in the Klang Valley for future development and was willing to undertake projects on joint-venture basis with land owners.

For the financial year ended June 30, BCB recorded net profit of RM2.12mil on revenue of RM91.07mil against RM3.6mil and RM93.07mil respectively the previous year

Published in the star today (11 Dec 2010). hope the share price would rock once the market opened on next monday.

[1truth]

BCB targets Klang Valley
By ZAZALI MUSA
zaza@thestar.com.my


KLUANG: Johor-based property developer BCB Bhd will focus on building its presence in the Klang Valley property market over the next three to four years.

Group managing director Datuk Robert Tan Seng Leong said the company was confident it would be able to compete with established players in the Klang Valley.

He said BCB was in the midst of setting up a permanent office in Mont' Kiara, Kuala Lumpur to mark its commitment to become one of the major property players in the Klang Valley.

It is only natural for us to move beyond Johor and our presence in the Klang Valley will open up opportunities for us to venture into other states including Penang, Tan told StarBizWeek after the company AGM on Wednesday.

He said BCB would be launching two maiden property projects in the Klang Valley in the third and the fourth quarters of 2011.

The first project comprises three bungalows, priced from RM3mil, at Lorong Awan Jawa, Taman Yarl.

The second project is Secret Garden @ Kiara on a 2.02ha site beside Solaris Mont' Kiara, which consists of 352 condominium units in five 30-storey blocks with a gross development value of RM500mil.

Tan said the units, with built-up areas ranging from 1,400 to 4,000 sq ft would be priced at RM650 per sq ft and BCB expected the project, when completed in three years, to generate a pre-tax profit of RM100mil.

Being the new boy on the block, our selling price per sq ft is slightly lower than what the established players offer and we believe this will be our strong point to attract buyers, he said.

He said BCB had engaged building consultants and landscape architecture companies from Shanghai for Secret Garden @ Kiara and would award the construction of the project to a leading Japanese or South Korean contractor.

Tan said BCB would bank on its close relationship with property companies in China, especially from Beijing and Shanghai, in marketing the project to buyers in China as many rich Chinese were looking to buy properties in South-East Asia.

He also said BCB was actively looking for land in the Klang Valley for future development and was willing to undertake projects on joint-venture basis with land owners.

For the financial year ended June 30, BCB recorded net profit of RM2.12mil on revenue of RM91.07mil against RM3.6mil and RM93.07mil respectively the previous year

Hope this article together with its corporate exercise in the coming month would cause the share price to rocket. wait n see.

[1truth]

Hope this article together with its corporate exercise in the coming month would cause the share price to rocket. wait n see.

M&As to remain buzzword next year Published: 2010/12/14 Share PDF
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Mergers and acquisitions (M&As) will remain the buzzword in the corporate scene next year, after deals worth some RM122 billion were transacted in 2010, amid calls for more streamlining and divestment in government-linked companies.
 
"Although the number of deals dropped 30 per cent compared with 2009, the value was higher than the RM38 billion posted in 2009," RAM Ratings' chief economist Dr Yeah Kim Leng said.
 
Hence, 2010 was closer to the normal active M&A activities in the country, which peaked in 2007 with deals valued at RM146 billion, he said.
 
"We are likely to see a stronger pace of mergers and acquisitions in the country especially with the recovery," he said in an interview recently.
 


A major portion of M&A activities in 2010 was seen in the second-half of the year.
 
Notable M&A in 2010 was that of PLUS Expressways Bhd, South-East Asia's largest toll expressway operator, which accepted the revised joint offer from the Employees Provident Fund and UEM Group Bhd, to acquire the company's assets and liabilities for RM23 billion.
 
The proposed acquisition involved a cash payout of RM11 billion to minority shareholders and the remaining RM12 billion owing to Khazanah Nasional Bhd, UEM and EPF.
 
Six large property players joined the foray to create the big three – UEM Land Holdings Bhd got the ball rolling with the proposed takeover of Sunrise Bhd, IJM Land Bhd and Malaysian Resources Corp Bhd and third was the merger between Sunway Holdings Bhd and Sunway City Bhd.
 
Another important deal, that kick started late 2009 and was in various stages of negotiations and, which would probably materialise in 2011 is Hong Leong Bank Bhd's bid to purchase EON Capital Bhd's assets and liabilities for RM5.06 billion.
 
Primus Pacific's Malaysian unit, Primus (M) Sdn Bhd, which holds 20 per cent stake in EON Capital, is suing EON Capital.
 
Primus is suing certain EON Capital shareholders and directors for some RM1.12 billion in damages should the deal go through.
 
The case is before the court and judgment is expected on Jan 19, 2011. The deal will create Malaysia''s fourth largest bank.
 
Yeah said among the sectors that are likely to see intensified M&A activities next year are in the electrical and electronic sub-sectors, agro-based companies, plantations, real estate, metal and chemicals industry.
 
He said another important sector that may see consolidation next year is the automotive industry.
 
Aviation experts believe there could also be M&As among international carriers due to the current low margins and increasing competition amid a booming low cost airlines business.
 
The International Air Transport Association has made numerous calls for countries to encourage cross border M&A, including between flag carriers.
 
The education sector also seems to be joining the bandwagon with Ekuiti Nasional Bhd's recent 51 per cent acquisition of APIIT/UCTI Education Group from Sapura Resources Bhd.
 
The fast growing private education business in Malaysia is valued at some RM7.2 billion.
 
"There will be more mergers in the works as education entities that don't merge may risk being left behind. There is an urgency for smaller players to buck up and build up quality as the more renowned and established international players, which have made their presence in Malaysia, pose healthy competition to the growing market," Zakie Ahmad Shariff, Chief Executive of FA Securities Bhd and Former Director of EduCity in Iskandar Malaysia said recently.
 
"The potential consolidation and the need for some government-linked companies to diversify their non-core assets and streamline their operations will be a key driver for the merger and acquisition scene in 2011," Yeah said.
 
The move, he said, would be aligned to that of the New Economic Model policy's direction which aimed to re-energise the private sector.
 
Among others, plantation giant, Sime Darby Bhd said it was considering selling off some of its businesses and the announcements was due next year.
 
Its president and group chief executive Datuk Mohd Bakke Mohd Salleh said there was a handful of businesses that might be divested or offered to its joint-venture partners to be taken over.
 
"We have conveyed this (divestment) to some of the partners and the final decision will be made by the end of March next year," he said recently.
 
Dr Yeah said M&A are key for some industries, especially with more liberalisation in the region and one needs the economies of scale to compete and expand further.
 
"The impending liberalisation and deregulation are crucial," he said, adding that those involved in the services sector, especially that of export related and professional business services, need to be more competitive. -- Bernama

Read more: M&As to remain buzzword next year http://www.btimes.com.my/Current_News/BTIMES/articles/20101214112423/Article/index_html#ixzz185P7rG1H

[God2U]

hope its share price would fly once its corporate exercise is announced in Feb2011. hope for a great M&A!

[God2U]

Agreed. Something interesting is going to happen very soon (see the belowmentioned extract from its latest 2010 annual report).

On 26 October 2010, the Group entered into a Memorandum of Understanding (“MOU”) with Global Earnest Sdn Bhd
(a trade debtor) to extinguish / fully settle trade debts owed to it by Global Earnest Sdn Bhd, Wawasan Perumahan
(Johor) Sdn Bhd (a trade debtor) and Marvel Plus Development Sdn Bhd (a related party) totalling RM47,996,169 as at
the financial year end, via a proposed contra/set-off of properties, comprising the relevant unsold units of commercial
lots at a shopping mall located in Johor Bahru, owned by Global Earnest Sdn Bhd. Global Earnest Sdn Bhd in turn will
have separate settlement agreements with Wawasan Perumahan (Johor) Sdn Bhd and Marvel Plus Development Sdn
Bhd.
The Group has appointed valuers, Henry Butcher Malaysia (Johor) Sdn Bhd, to value the said properties and the
preliminary combined indicative values of the relevant unsold units owned by Global Earnest Sdn Bhd at the said
shopping mall was higher than the combined debts owed to the Group by Global Earnest Sdn Bhd, Wawasan
Perumahan (Johor) Sdn Bhd and Marvel Plus Development Sdn Bhd.
As at the date of this report, the Group has also engaged SFG Advisory Sdn Bhd and is in the process of engaging
other advisors for this corporate exercise.
This corporate exercise will require a shareholders’ extraordinary general meeting (“EGM”) to be convened and the
EGM is expected to be held in February 2011. The corporate exercise is expected to be completed within four months
from the date of these financial statements

So good with EGM in Feb 2011. Who will be the big fish interested in BCB?  Yea!

[God2U]

So good with EGM in Feb 2011. Who will be the big fish interested in BCB?  Yea!

Extract from the annual report 2010:-
the Group has also engaged SFG Advisory Sdn Bhd and is in the process of engaging
other advisors for this corporate exercise.

Wow! So serious, meh! haha!

[God2U]

Extract from the annual report 2010:-
the Group has also engaged SFG Advisory Sdn Bhd and is in the process of engaging
other advisors for this corporate exercise.

Wow! So serious, meh! haha!

need so many advisers, must be a very big corporate exercise. 

[sure88]

The main problem with this stock is that the properties
it has are all deadwood and with more emphasis given to Iskandar,
demand for their properties are close to zero.
That is the very reason BCB have to move out of Johor to
KL and Penang.
They will find it difficult to compete with the big boys in KL and Penang.
and coming in at this point of time has its risks.
Mt Kiara area property prices is reaching its peak and
margins will definately be squeezed.
I would suggest IGB/YNH Properties/Hunza/Glomac/Plenitude/BRDB/SPSetia/Sunrise
if you're looking at established players.
Just my 2 sen view.
 

[sure88]

need so many advisers, must be a very big corporate exercise. 

That shows BCB engaging Con-sultans to advise them
- hopefully it will benefit BCB and not the consultants pockets !!!

[God2U]

The main problem with this stock is that the properties
it has are all deadwood and with more emphasis given to Iskandar,
demand for their properties are close to zero.
That is the very reason BCB have to move out of Johor to
KL and Penang.
They will find it difficult to compete with the big boys in KL and Penang.
and coming in at this point of time has its risks.
Mt Kiara area property prices is reaching its peak and
margins will definately be squeezed.
I would suggest IGB/YNH Properties/Hunza/Glomac/Plenitude/BRDB/SPSetia/Sunrise
if you're looking at established players.
Just my 2 sen view.
 

You were wrong. past projects were not in iskandar as follows: 

Past BCB's Projects inclusive of [extracted from BCB website]:-

 
· Plaza BCB & Prime City Hotel (Kluang, Johor)
 · Kluang Sports Complex / Stadium – Privatisation project (Kluang, Johor)
 · Johbase City Square (Kluang, Johor)
 · Taman Sri Kluang (Kluang, Johor)
 · Taman Kluang Baru II (Kluang, Johor)
 · Taman Saujana (Kluang, Johor)
 · Taman Emas (Kluang, Johor)
 · Taman Bukit Perdana (Batu Pahat, Johor)
 · Evergreen Heights (Batu Pahat, Johor)
 · Taman Bunga Cempaka Biru (Parit Raja, Johor)
 · Taman Bandar Cahaya Baru (Yong Peng, Johor)
 · Taman Pulai Utama (Johor Bahru, Johor)
 · Taman Megah (Pontian, Johor)
 · Taman Seremban Jaya (Seremban, Negeri Sembilan)

[God2U]

there could be major rally before the EGM in Feb 2011. just cross our fingers.

[sure88]

You were wrong. past projects were not in iskandar as follows: 

Past BCB's Projects inclusive of [extracted from BCB website]:-
· Plaza BCB & Prime City Hotel (Kluang, Johor)
 · Kluang Sports Complex / Stadium – Privatisation project (Kluang, Johor)
 · Johbase City Square (Kluang, Johor)
 · Taman Sri Kluang (Kluang, Johor)
 · Taman Kluang Baru II (Kluang, Johor)
 · Taman Saujana (Kluang, Johor)
 · Taman Emas (Kluang, Johor)
 · Taman Bukit Perdana (Batu Pahat, Johor)
 · Evergreen Heights (Batu Pahat, Johor)
 · Taman Bunga Cempaka Biru (Parit Raja, Johor)
 · Taman Bandar Cahaya Baru (Yong Peng, Johor)
 · Taman Pulai Utama (Johor Bahru, Johor)
 · Taman Megah (Pontian, Johor)
 · Taman Seremban Jaya (Seremban, Negeri Sembilan)

Look at all their projects , none in Iskandar 
The areas listed are not "prime" areas.
All the $$ is heading to Iskandar. !