By Sharen Kaur
sharen@nstp.com.my
Published in NST on March 5, 2012
Tan believes there is potential to expand significantly the group's consumer marketing business, especially its multi-level direct selling group Cosway Corp Ltd, and its infrastructure division.
Cosway, which is listed on the Hong Kong Exchange with annual revenue in excess of HK$6.23 billion (RM2.4 billion), operates in 15 countries.
The company carries a range of products like health and nutrition, slimming, personal care, skin care, cosmetics, perfumes, household, food and beverage, water filtration systems and kitchenware.
"We are exploring and identifying new markets and businesses for Cosway. We are looking to expand in eastern Europe like Russia, Latin America and China. Our e.Cosway.com business is also picking up pace and there will be exciting growth," Tan told Business Times.
For infrastructure, Tan said BCorp is identifying potential jobs like water-related projects as well as the construction and operation of sanitary landfill in Asia, targeting China and the Philippines.
BCorp currently has 85 per cent stake in DSG Holdings Ltd, which holds two potable water supply companies and one wastewater company in China.
The group has sanitary landfill projects in Bukit Tagar, Selangor, and Foshan, China.
"We believe there is great opportunity to grow in these areas and they can one day make up a fraction of BCorp's earnings," he said.
Tan is currently heading BCorp as his father, Berjaya Group founder Vincent Tan has relinquished his position as chairman of the group.
BCorp closed 99 sen last Friday, 2.5 sen higher than the previous day's closing.
The group's net profit fell 73.47 per cent to RM22.95 million for the second quarter ended October 31 2011, compared with a year ago after revenue dropped due to lower property sales and the deconsolidation of the financial results of Berjaya Sompo Insurance Bhd.
The group's revenue was lower at RM1.69 billion compared with RM1.71 billion previously because of the deconsolidation of Berjaya Sompo's financial results from the group revenue, following the disposal of a 40 per cent stake in the latter during the first quarter. The property development business also registered lower sales.
Investment analysts covering the stock said BCorp could perform better this year, led by its gaming and consumer marketing businesses.
sharen@nstp.com.my
Published in NST on March 5, 2012
A NEW chapter has opened in Berjaya Corp Bhd (BCorp) under the leadership of its chief executive officer and interim chairman Datuk Robin Tan Yeong Ching, with injection of fresh ideas and expansion drive to propel growth.
Tan, whose father is BCorp founder Tan Sri Vincent Tan, plans to take the group's consumer marketing business and infrastructure division to greater heights.
Already the versatile group, worth RM4.1 billion by market cap, BCorp has presence in over 15 countries with businesses in consumer marketing; property investment and development; hotel and resort operation; gaming; stockbroking and asset management; as well as food and beverage.
BCorp has interest in automobile; operation of sanitary landfill; media and publishing; trading of lumber-panel and building products; as well as garment and apparel manufacturing.
Tan, whose father is BCorp founder Tan Sri Vincent Tan, plans to take the group's consumer marketing business and infrastructure division to greater heights.
Already the versatile group, worth RM4.1 billion by market cap, BCorp has presence in over 15 countries with businesses in consumer marketing; property investment and development; hotel and resort operation; gaming; stockbroking and asset management; as well as food and beverage.
BCorp has interest in automobile; operation of sanitary landfill; media and publishing; trading of lumber-panel and building products; as well as garment and apparel manufacturing.
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Cosway, which is listed on the Hong Kong Exchange with annual revenue in excess of HK$6.23 billion (RM2.4 billion), operates in 15 countries.
The company carries a range of products like health and nutrition, slimming, personal care, skin care, cosmetics, perfumes, household, food and beverage, water filtration systems and kitchenware.
"We are exploring and identifying new markets and businesses for Cosway. We are looking to expand in eastern Europe like Russia, Latin America and China. Our e.Cosway.com business is also picking up pace and there will be exciting growth," Tan told Business Times.
For infrastructure, Tan said BCorp is identifying potential jobs like water-related projects as well as the construction and operation of sanitary landfill in Asia, targeting China and the Philippines.
BCorp currently has 85 per cent stake in DSG Holdings Ltd, which holds two potable water supply companies and one wastewater company in China.
The group has sanitary landfill projects in Bukit Tagar, Selangor, and Foshan, China.
"We believe there is great opportunity to grow in these areas and they can one day make up a fraction of BCorp's earnings," he said.
Tan is currently heading BCorp as his father, Berjaya Group founder Vincent Tan has relinquished his position as chairman of the group.
BCorp closed 99 sen last Friday, 2.5 sen higher than the previous day's closing.
The group's net profit fell 73.47 per cent to RM22.95 million for the second quarter ended October 31 2011, compared with a year ago after revenue dropped due to lower property sales and the deconsolidation of the financial results of Berjaya Sompo Insurance Bhd.
The group's revenue was lower at RM1.69 billion compared with RM1.71 billion previously because of the deconsolidation of Berjaya Sompo's financial results from the group revenue, following the disposal of a 40 per cent stake in the latter during the first quarter. The property development business also registered lower sales.
Investment analysts covering the stock said BCorp could perform better this year, led by its gaming and consumer marketing businesses.
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