• BSTEAD gained 8.0 sen (+15.69%) to close at RM0.590 yesterday
• Chart-wise, the stock continued to close higher after breaking above 20 and 50 days SMAs few days ago, supported by higherthan-average trading volume.
• Coupled with bullish signal from MACD, we believe the stock could trend higher.
• Should the bullish momentum persist, resistance levels are identified at RM0.715 (R1) and RM0.825 (R2).

if Bousted H strong rally this morning, this stock might run a bit too, at least stay at 35

panic buy mode at open, will buy some to ave up and earn more

joke of today
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Kareemabduljabbar Limit down 42 cts

those bought earlier can watch the show tomorrow to see buy and sell fighting each other

my ave .51

80c is a very good news ! tomorrow sure will break 70c again

https://www.theedgemarkets.com/article/ltat-confirms-it-considering-taking-boustead-private

one recipe to be successes in stock market is PATIENCE and Mabel has that

serba may not be as it was 3 years back but i still think current price still undervalue

the reason for the drop is bcoz of lower oil price where the country its operates very depending on it to spur development, cutting in fiscal budget and expense might affect serba investment return and income
flow

NAP 1.85 three times its current price, bring to private would be the main reason the stock surge

To recap, Bloomberg yesterday, quoting unnamed sources, reported that LTAT, which holds a 59% stake in Boustead, was mulling to take the conglomerate that has four listed subsidiaries under its belt private.

According to Bloomberg, LTAT has secured a loan for the privatisation exercise. However, it said the discussions are still in the early stages; there is no concrete decision made.

Judging by the group’s assets, the current market valuation of Boustead, the main contributor to LTAT’s dividend income, appears to be substantially undervalued. Its net asset per share was at RM1.85 as at end-2019, nearly triple the market price.

Nonetheless, it is worth noting that the conglomerate’s total borrowings amounted to RM7.91 billion as at end-2019.

Boustead holds equity interest in four publicly listed companies — Affin Bank Bhd, Boustead Plantations Bhd, Boustead Heavy Industries Corp Bhd (BHIC) and Pharmaniaga Bhd, all of which its parent LTAT also holds a stake.

Some quarters commented a privatisation exercise will enable LTAT to tighten its grip on these listed companies.

For instance, Boustead holds a 20.73% stake in Affin Bank; it is the third largest shareholder after LTAT, which is the largest stakeholder with a 35.33% stake, and Bank of East Asia (23.56%).

Over at Boustead Plantations Bhd, Boustead is the planter’s largest shareholder, controlling a 57.42% stake as of April 30. LTAT is the second-largest shareholder, controlling a 12.10% stake.

Boustead holds a controlling 65% stake in BHIC. According to its 2018 annual report, Boustead Holdings holds the largest stake in BHIC, followed by LTAT with 8.16%.

At Pharmaniaga, Boustead holds 56.09% while LTAT owns an 11.23% stake.

buy follow trend

strong uptrend, tomorrow test 0.7 again

Good closing. I agree with DKKLT funds and institutional are buying. Everytime price went down, end up close higher. Tomorrow and Mon would be interesting to see as ex-date coming.

bcoz now its cheap 90, 88 and below all are bargain price to accumulate, can be sell at >94 for short term

and for the expected lower profit wont harm the price further down as market has knew it, if you plan to hold the next 3 qtrs, below 90c is a sure buy call

you need more experience to be good at trading
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Aaron_tan then why so rush buy now? lol
28/05/2020 2:09 PM

averaging down for a downtrend business outlook is a wrong trading method

yes, pls continue buy a falling stock all the way down and let you capital freeze

i never believe i3 forumers can beat the funds, unless all retailers gather all the money together up to millions and share the same mission, then only able to “disturb” the price

stock market is a dog eat dog world, you can never beat the rich but you can ride with them, so always follow the trend

micsoh, buy and sell is a skill to learn not just buy and sell blindly

for a stock drove by oil price, when oil price rally touch its resistance its time to sell for short term play and vice versa, thats why important to see chart

to invest long time, check the sector and the business environment its operates, benchmark with co-businesses and understand what drives the profit

when buy, dont buy with all the capital and chase high, wait at retracement, first buy use 1/3 and see where the trend go, if continue falling break support must cl, if falling and not break support, can ave down

been accumulating at weakness, has 40k shares now

dont buy bcoz people ask you to, buy only after you studied it enough, most important dont against the trend

buy back son at .26, wait 1 month to sell back at .30

7.5c coming soon

most report will be out today and tomorrow, market will be in -ve mode as expectation towards weaker earnings across businesses

this is when you need to buy and top up

but along the way can bet on oil price rally towards usd40

dont bet on this qtr and coming qtr

but im confident i can make money out of this in 3 mths time

i had gone through most the plantation rpt including the latest release of others and aware of it

i trade with cautious and only buy for the amount im willing to lose

after so many years of trading, this is the first time i see traders put request to be in a chat group of a falling stock

those in the group should be in paper loss and might not intend to subscribe RI

if there are many in the group, then who is selling causing the price dropping?

im not talking others, i had the same experience even after many years of trade

but when market go down, fear start to build up and then sell at loss

didnt you read someone comment abt long term investing? it says short term price fluctuation wont a problem as they are long term holder

collect again below .60

unless you have strong heart looking the paper loss for long time

ave down will kill your capital, o&g services will be bad for at least 3 qtrs

.15 in short term

im not betting on the stock, im betting on the sector, out of the rest of plantation which traded >50c and compare to rsawit, id prefer this one

for >rm1, im buying mkh

sentiment very good, if close green very good already compare to the rest in market now

too high hope for this stock, the reality still far away though

but those bought at low should be smiling now after dispose

Add 34.5 again

its a very good feeling when market is down, your portfolio is up

div 4.5 is not a real deal, you can get a below 50c stock with 10% div on bursa now

port business is not a hype, mostly stagnant and within expectation BUT its a proven defensive stock

and a defensive stock is less attractive for market player to goreng, so it will only gradually moving up or down along the way, dont expect it will be like glove, IT and o&g on the price movement

im curious why people like to chase a construction cmpany cum power plant producer than the power plant producer itself which has been established for ages and now trading at low price with good div yield

heard keurig now running non stop, coming qtr would not so good as mgmt informed but the other qtr will back to normal i guess

bought 90c today

if rpt green, will fly to moon then mars

bought last day b4 raya ave 51c, out from nowhere today up 8c, 4 figure paper profit now

Bought 34c today : )

never bet on higher risk, always play safe unless your capital here is only small portion and you have capability to keep for long time

petronas ceo already made statement the business outlook of osv player this year and result from osv owner have provide some hints what would be coming and historically this qtr will not be good

taking above into consideration, would you still think result will be good?

even yes, the chance is very low, i give1/5 ratio

when you are the owner of power plant and the contractor at the same time, where the cash will come from?