Berjaya Assets Bhd.

Berjaya Assets Bhd.

MMYX:BJASSET
0.30
MYR
+0.01
(+3.45%)
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

CEO
Tee Ming Tan
Full Time Employees
504
Sector
Consumer services
Industry
Movies/Entertainment
Address
Kuala Lumpur Malaysia
IPO Date
Aug 17, 1978
Business
Berjaya Assets Berhad is a Malaysia-based investment holding company primarily engaged in property investment and development, gaming operations, hospitality, leisure, and automotive assembly. Founded in 1960 and headquartered in Kuala Lumpur, Malaysia, the company operates primarily across Peninsular Malaysia and the State of Sarawak, alongside international property interests in the United Kingdom. It operates as part of the broader Berjaya Group conglomerate. The company organizes its operations into three core business segments: Property Development and Investment, Gaming and Related Activities, and Recreation and Others. Through its Property Development and Investment segment, Berjaya Assets Berhad develops, leases, and manages commercial, retail, residential, and office real estate. Its core property assets include Berjaya Times Square in Kuala Lumpur, an integrated mixed-use development featuring an extensive retail shopping mall, corporate offices, serviced suites, and commercial facilities; Berjaya Waterfront Complex in Johor Bahru, which integrates a duty-free retail shopping complex, hotel accommodations, and an international ferry terminal; Menara MSC Cyberport, a commercial office building in Johor Bahru; and prime commercial properties located at Islington on the Green in London, United Kingdom. Through its Gaming and Related Activities segment, the company operates numbers forecast lottery games via its subsidiary, Natural Avenue Sdn Bhd. As the exclusive operator for the Sarawak Turf Club, the business manages the Special Cash Sweep 1+3D numbers forecast lottery operations; lottery ticket sales and agency distribution networks; draw operations; and gaming management and consultancy services across the State of Sarawak. Through its Recreation and Others segment, the company delivers leisure, hospitality, transportation infrastructure, and automotive solutions. Its systematic service and product offerings include hotel operations and hospitality management via the Berjaya Waterfront Hotel; amusement and family entertainment operations through the Berjaya Times Square Theme Park, a multi-tier indoor theme park featuring roller coasters and interactive attractions; international passenger ferry terminal management and maritime transport facilitation via the Berjaya Waterfront Ferry Terminal, linking Johor Bahru to Indonesian ports in Batam and Tanjung Pinang; multi-storey parking lot and facility management services; and passenger and commercial vehicle contract assembly, engineering, parts manufacturing, and automotive distribution through Berjaya Assembly Sdn Bhd. In recent developments, Berjaya Assets Berhad advanced its urban property development portfolio with the launch and progression of Times Square 2, a major high-rise serviced residence and commercial development situated adjacent to the flagship Berjaya Times Square landmark in Kuala Lumpur. The group has actively pursued asset enhancement initiatives, retail space remodeling, and tenant remixing across both Berjaya Times Square and Berjaya Waterfront Complex to improve rental yields and commercial foot traffic. On the corporate front, parent entity Berjaya Corporation Berhad executed a portfolio adjustment through the paring down of its equity stake in Berjaya Assets Berhad as part of broader group capital management, while the group continues to modernize its gaming retail infrastructure and digital processing workflows under Natural Avenue Sdn Bhd in Sarawak.