Berjaya Sports Toto AGM 2017 at Bukit Jalil Golf & Country Resort, Kuala Lumpur

Berjaya Sports Toto AGM 2017 was held in Bukit Jalil Golf and Country Resort. Indeed all the Berjaya group of companies AGM were held here. This is among the longest AGM that I attended. Many questions were asked and the share holders provided many good suggestions. This AGM is a bit gloomy as the company does not perform well over the last few quarters. Gambling is considered as sunset industry and the only catalyst now is online betting. The management blame it on the illegal number forecast operator (NFO) and the current regulation does not have high punishment to these illegal NFO. Indeed the CEO seems a bit lose of hope to tackle the issue. Furthermore, gaming is rather a sensitive issue in Malaysia. However, the share holders give some ideas:
1. Introduce and strengthen their jackpot and lotto game since the illegal NFO does not have these kind of games and they are not able to provide huge payout.
2. Online 4D and Jackpot gambling. The company is still working of getting the approval from Ministry of Finance.
3. Dispose of non related business in Berjaya Toto balance sheet. Over the years, the company has become mixed up by acquiring too many unrelated business assets.

I don't really encourage gambling but this company business is a cash cow business and provide quite a decent dividend. Good for longer term investor if the company begins to turn around.



Berjaya Sports Toto AGM 2017. Good session with plenty of questions and answers. The style of poll conducted via this AGM is old fashioned. Still using manual paper for voting. The presentation slides also looks dated. Perhaps they need to do some new look rebranding. Its also tough for this company to do marketing as they are not allowed to advertise publicly.

Queue to collect breakfast.

As expected, Kenny Rogers set. Roasted chicken with muffins and sausages.

Drinking water.

View of Bukit Jalil Golf & Country Resort.

Berjaya Sports Toto does not provide any door gift as they already sent Berjaya group discount vouchers to all their share holders earlier. You can have free Starbucks coffee, Kenny Rogers, Borders book store discount voucher, Wendys and discounted hotel stay.

This is not a recommendation of buy or sell Berjaya Sports Toto stock. If you do buy the company share after you read this, you are doing it at your own risk.

Affin Holdings EGM 2017 in Royale Chulan, Bukit Bintang, Kuala Lumpur

Recently attended a few companies AGM/EGM and I will start reviewing the Malaysian companies AGM/EGM on their food provided, free gift and of course to gain understanding of the company business. The company EGM is about reorganization of Affin Holdings to Affin Bank. Again I am the minority of the young people joining this event :-p


Board of directors taking their seats.

As usual not many people like to sit in front. I do learn a lot from the questions thrown by other share holders. Those senior share holders has a lot of understanding on their annual report and sometimes can trace small abnormality in the report.

Breakfast area.

Breakfast box. Muffins, croissant, hot dogs and water. Coffee and tea provided as well.

Benefit of accepting the proposal. As you can see, the proposal will reduce the NTA of the company as there are cost for the reorganization. However, in long run, there will be cost savings by having this type of reorganization. Example of benefits mentioned includes lower cost of borrowings and lower administrative cost. And of course by having this reorganization, they will need to cut their number of staffs too.

Registration.

Breakfast voucher and RM40 Royale Chulan voucher.

Electronic voting process begins.

I chose to take this buffet lunch as it worth it. Carvery Lunch at Royale Cafe.

Simple and nice table arrangement.

Formal dining. Suitable for business discussion.

Variety of salads.

Fruits and desserts.

Bread and buns.

Lamb.

Vegetables.

Beef.

Roasted chicken.

My lunch portion. Quite a good lunch.

This is not a recommendation of buy or sell Affin holding stock. If you do buy the company share after you read this, you are doing it at your own risk.

Traditional Ramadan Feast at Paya Serai @ PJ Hilton

Taste:8/10(Good. Food selection is good and great for those who like to try all the Malay traditional food. The taste is quite authentic. You can enjoy wide variety of Malay food such as patin masak lemak, bubur lambuk, gulai kawah, kambing golek and even durian. I do give thumb up to their lamb dishes as the meat is tender and delicious).
Price:3/10(Expensive. Since this Ramadan buffet held in 5 star hotel, the price will be high as well. Price at MYR169 per person. There are 20% discount for those holding Ambank, Citibank, HSBC, Maybank or Amex card).

The open fast buffet meal at Paya Serai in PJ Hilton.

Nasi kandar items.

Variety of traditional kuih for those sweet tooth.

Salad also known as ulam.

Variety of salted fish.

Fried bulus. One of my favourite. Long time never had this.

Roasted chicken.

Tandoori style chicken.

Fascinating Isetan The Japan Store @ Lot 10, Bukit Bintang, Kuala Lumpur

Its quite exciting to see Isetan opening a real Japanese concept store in Malaysia. All the products and environment in this Isetan store does imported from Japan and make you feel like visiting a Japanese department store. Malaysian do like Japanese products very much. Although the exchange rate is not favourable to us, we still like to buy Japanese products. This can be seen when people flocking to The Isetan store in Lot 10 and the newly opened FamilyMart. I do admit that I attracted to the products over here. I spend almost half a day exploring this mall and tried the food at their food court. Here you can have authentic Japanese food. If you like soba noodles, they even have a Japanese chef making the soba noodles here. Fresh on the spot. If you like Japanese drinks, the selection is abundant from beer, wines, sake and Japanese non-alcoholic drinks. Isetan The Japan Store currently has five floors operating, with each floor has its own dedicated theme: The Market, The Museum, The Studio, The Room, and The Cube. The store does great for window shopping but not so friendly to your wallet. A broom imported from Japan, cost MYR500, Doob technology figure at MYR950 to MYR3200 and clothes mostly above MYR1000.


Isetan The Japan Store.

Time Out Cafe.

Sake containers - looks nice as decoration.

Home and lifestyle products.

Little Harajuku section.

Theather Products Handbags.

Doob technology figures.

Doob technology sample figures. Priced at MYR950 for 15 cm to MYR3250 for 35 cm figure. The Doob room will capture multiple pictures using high resolution DSLR camera on multiple angle of your body to produce the 3D model of your own.