To understand Bj Corp is to understand what is a Corporation.
People have problems with Bj Corp & don’t see what we SEE. And so they missed this hidden gem.
May I quote a famous saying,
“Understanding the problem dissolves the problem”
By Bruce Lee
Did Kungfu master Bruce Lee made that statement? Yes.
“UNDERSTANDING THE PROBLEM DISSOLVES THE PROBLEM”
So the problem is dissolved when you can understand it. Or see it in more clearer light.
Now what is a Corporation.
A Corporation by definition is
a large company or group of companies authorized to act as a single entity and recognized as such in law.
As such BJ CORP IS AN ENTITY THAT INVESTS AS A GROUP OF COMPANIES
What are the Divisions in BJ CORP
BJ CORP INVESTS IN COMPANIES. Please go to Bj Corp Annual Report & Scroll back all the way to the very last back page
You will see these Companies:
Star buck Coffee
Kenny Roger ROOSTER
Hard Rock Cafe
Inter Pacific Securities
Papa John Pizza
Four Season Hotel
Berjaya Hotel & Resort
Berjaya Vacation & Club
The Sun newspapers
Colmar Tropicale Resort
And many more.
2. BJ CORP INVESTS IN ASSETS
This is what Calvin likes the Mostest
BJ CORP Invests in China, Japan Okinawa, Korea Jeju Island, Vietnam, Philippines & all over Malaysia from Penang to Johor. From Island to Resort Island. In the City like Berjaya Times Square & Hill Station like Berjaya Hills.
You find Berjaya here and there & everywhere. That’s why Berjaya Air is also formed in its Vast Empire.
Best of the Very Best is Bj Corp’s Assets are priced atr Rock Bottom Value.
13,737 Acres of Bj Hill in Bkt Tinggi has a Book Value of 47.8 sen psf.
Another 3,000 acres of land in Batang Berjuntai (not far from Proton City) also sitting at Old Book Value.
3) BJ CORP INVEST IN SHARES OF OTHER COMPANIES
THE STORE (taken private) Calvin recommended it at Rm2.50. Taken private near Rm4.00
ATLAN – Duty Free Shopping (BJ WATERFRONT CITY IS DUTY FREE IN JOHOR)
BJ AUTO – MAZDA CARS
AND MANY OTHERS. ALL OVER MALAYSIA & OTHER COUNTRIES.
4) BJ CORP ALSO LEND OUT MONIES
Bj Corp is Ah Long?
BJ Corp lends out monies to Subsidiaries with interest.
The amounts due from subsidiary companies are unsecured and repayable on demand. Amounts
totalling RM1,346,739,000 (2016: RM564,766,000) bear interest, while the rest are non-interest
Please refer to Bj Corp Annual Report 2017 under Point 15 (Article no. 3)
AMOUNT DUE FROM SUBSIDIARIES RM1.346 BILLIONS bear interest.
SO BJ CORP (LIKE PM CORP) LENDS OUT MONIES WITH INTEREST LIKE AH LONG.
So BJ CORP IS AN ENTITY with at least 4 Major Divisions
INVEST IN ITS OWN BUSINESSES
INVEST IN ASSETS LIKE SHOPPING MALLS, LANDS & FOREIGN LANDS, RESORT ISLANDS, HILL RESORTS
INVEST IN SHARES OF OTHER LISTED & UNLISTED COMPANIES WORLDWIDE
LEND MONIES LIKE CREDIT COMPANIES
May I illustrate to give you a better picture
When you plant Sweet Potatoes you get 2 types of harvest
The sweet potato leaves which you can see above ground.
These we fried with sambal belacan. Hmmm nice!
BUT THERE IS MORE TO IT.
BURIED UNDERGROUND ARE THE SWEET BIG JUICY POTATOES HIDDEN FROM HUMAN PRYING EYES
THEY ARE GROWING QUIETLY, SILENTLY, STEADILY ALL THE TIME WHILE THE MADDENING CROWD IS TOTALLY OBLIVIOUS!
HEREIN LIES THE TRUE DEEP HIDDEN VALUE OF BJ CORP!
ITS BUSINESS OPERATIONS MIGHT BE GOOD, BAD OR EVEN AWFUL. Sometimes potato leaves are plaqued by grasshoppers.
BUT THE UNDERLYING VALUE OF ITS ASSETS ARE GROWING INTO A GIANT GEM OF VALUE!
WAIT UNTIL ONE FINE DAY THEY DIG UP THE HIDDEN SWEET POTATOES?
OR WAIT UNTIL ONE FIND DAY THE “EXPERTS” & MEDIA DISCOVER THE HIDDEN VALUE OF BJ CORP?
BJ CORP WILL THEN SHOOT PAST RM1.00? RM1.50? Or RM2.50?