Future CPO price for August contract closed at 2,754 per metric tonnes

Count down for another 9 days
If nothing happen, be ready to hold for at least 3 years to bear fruits

Count down to wait for corporate major announcement by end of the month

Don't worry , the share price of Bstead won't come down to 0.20 even though the privatisation deal abolish.
We just need to be patient and keep tide for 3 years ,then everyone can hit jackpot!

Copy some from new weekly " The Edge Magazine "
The week of July 20 - July 26,2020

CPO futures to trend higher next week

Bstead is expected to embark on major debt restructuring,which will include rhe sale of non-core assets,in a move to improve its long- term financial position,according to sources familiar with the plan.
Sources say the diversified conglomerate's exercise will involve a restructuring of existing debt amounting to about RM5.4 billion and a rationalisation of non- core,low-yielding assets over tge next few years that will help ir wirh cash flow needs.The RM5.4 billion-of which RM4.7 billion is Bstead Holdings' company debts as at end of 2019-does not take into account at its listed companies,trade-related debt or debt at Bstead Naval Shipyard Sdn.Bhd.About 46% is short term debt comprising revolving credit.

Bstead Holdings,the flagship listed vehicle of LTAT,is understood to have presented the plan to its bankers last month.
According to the sources, the up coming debt restructuring exercise- which will also include tbe refinancing of RM607 million perpetual sukuk-is independent of any potential move by LTAT to take Bstead Holdings private.
Bankers tell The Edge that Bstead Holdings is likely to be among the first of several major corporates expected to announce a debt restructuring in the coming months.
Last Friday,Bstead Holdings announce a broad transformation plan,comprising 20 initiatives, to drive the group forward for the next three years as part of its strategy to strengthen prospects and unlock value.It said the plan focuses on funding,structural,operation and corporate governance areas.
Non- core assets that likely to go
All eyes are on which non-core,low- yielding assets Bstead Holdings may sell.The group is assets-rich,with landbank,investment properties and hotels,among others.Oberservers say it is unlikely that it will sell its shareholding in Affin Bank or possibility it may sell non-core asset in BP Pertro Station which worth more than RM1.2 billion.
"Affin Bank is not only profitable,but of value to the group.I expect they would sell some of its properties assets such as land/ or property management a d some of the Royal Chulan hotels.They also have a stake in the MyTown mall,which is low yielding ," say one who tracks development at the group.Bstead Holdings has a 50% interest in MyTown Shopping Centre in KL
In its 2019 annual report,topping the list of the group's most valuable properties is five hectares of commercial freehold land on which The Curve mall sits and the building,which have a total book value of RM579 million

Very sure will hit jackpot RM1 just a matter of time

Possibility major announcement will happen before end of this month
TP 1.00 to 1.50

Buy low and sell high for Bstead at the current price of 0.545
It has 3 listed valuable subsidiaries company such as Affin Bank, Bplant and Pharmaniaga
Which has already worth more than its current price of 0.545
Unlisted subsidiary such as BP Petro Station worth more than RM1.2 billion
NTA for Bstead still worth RM1.66 per share

Study the company announcement yesterday and expect that they will try to privatise the Bstead recently. After taking private they will restructuring its subsidiaries company and 3 years later listing back again to Bursa Malaysia at a higher IPO price,may be RM2.00 or Rm3.00 per share

BPLANT has several free hold valuable lands through out West Malaysia

ICAP.BIZ BHD founder Mr Tang Teng Boo , the local famous fund manager,
still hold more than 12 million shares of Bstead since 2012 until now
I expect they should bought at a higher price around 3.00 per share

BPLANT hidden asset more than its Net Tangible Asset and share price

Don't give up
Hold very tide until it reach to 0.70 and try to hit jackpot RM1

Future Crude Palm Oil for the month of October 20 has reached to the highest price of RM2,532 per metric tons

thetruthoracle very appreciate for your feed back and your professional advise

Very sad to say that our hero our good adviser thetruthoracle suddenly disappeared in this column

Thetruthoracle we are looking for your proffesional advice is it continue to dump down Bstead before it become zero value?

Thetruthoracle pls don't mind give some suggestion about BSTEAD

Thethruthoracle comment previously true or not?

Don't worry ! Be Happy!

Very confident can reach the TP

Hold tide
TP 1.00 to 1.50

1Q bottom line hurt by high taxes
Operating profits within expectation.
1Q20 core results were below expectation,largely on high tax expenses.Earning will likely play catch up in the coming quarters on higher output and lower taxes.with present low CPO prices,believe BPLANT may revisit past strategy of disposing small parcels of land to boost earnings
Maintain " BUY" with unchanged RNAV + TP of MYR0.62
Trading at just 0.3 times PBV and EV/planted ha. of MYR27,000.00 BPLANT is a prime privatisation target

Malaysia's palm oil inventories at the end of June fell 6.33% from the previous month,at 1.9 million tonnes
June crude oil production grew 14.2% from May to 1.89 million tonnes
Palm oil exports surged to 24.9% from May to1.71 tonnes

Now everyone cannot fly to be cautious

Still very cheap to buy
TP revise to RM50

The nation's palm oil industry is expected to rebound on the back of increasing demand for crude palm oil and refine plm oil from several countries including Turkey.The country's current palm oil supply is sufficient to meet the external demand.There has been an increase in demand for palm oil from several countries such as India and Middle Eastern countries including Turkey due to the 100% export duty exempted which is in force up to December this year

He attributted this to strong demand as hot weather conditions are expected to affect production yields

Crude Palm Oil (CPO) futures contract prices on Bursa Malaysia Deravatives, which have been on the downtrend for the two days,improved yesterday on new price forecasts,dealer said.Top industry analyst Dorab Mistry revised upward his forecast,saying that Malaysian palm oil price may rise up to 21% by first quarter of 2020,from the current level.
According to Mistry,local CPO is expected to increase between RM2,800 and RM3,00 per tonne from an earlier forecast of RM2,400 per tonne

With the Transformation Programme in place,we are committed to turnaround the Group,which should impact our financial positively in the future

Better worker recruitment processes and greater emphasis on worker welfare:
1) Centralise recruitment processes and undertaking the direct recruitment of foreign workers,with the aim to reduce reliance on multiple agents and hiring turnaround time

2) Established centralised Careline Unit which will take care of the needs of our workforce.Through this unit,we expect to reduce turnover and improve the retention of skill workers and experience harvesters

Clearly if we are able to improve yield,utilisation and productivity ,cost will consequently reduced,resulting in improved prospects for growth.

The Group is confident in the ultimate success of our Transformation Programme and we are committed to implementing all four phases of our programme

The main objective of the first phaseTransformation Programme:Reorgarnice and streamline our businesses to be more efficient
1) In line with this,our 48 estates and 10 palm oil mills have been consoildated into 10 Strategic
Business Units (SBUs),allowing us to integrate with profit and loss accountability

2)We have established centralised specialist teams focusing on replanting,mechanisation,foreign workers and engineering that will support estates and mills operation

3) To conserve cash flow and better manage capital expenditure,we have rationalised our underperforming estates and mill operations

4)Transfer all mill into profit centres,effectively shifting emphasis from the current role of service provider to estates

5) Improves mill utilisation by expanding crop intake from third parties.A dedicated Outside Crops Purchase teams will be set up to support mill utilisation improvement

6) Improve mill efficiency by regulating working shifts in accordance with crop supply,which will serve to reduce cost per metric tonne(MT) and ensure optimal deployment of valuable human resources

Last time to cheat investors to acquire Shell Petro Station in Malaysia but at the end nothing happened

PN17? come back to cheat investors again?????????????

LTAT may possibility to privatise BPLANT too

All in TP revise to RM150

Waiting for suspension and pending announcement

At least worth more than 0.50 per share

Waiting for announcement

Very soon to finalise the privatisation deal
Stay tunes! Be patient!

TP upgrade to RM100

Hidden Value: while the low share prices usually provide good opportunities for privatisation,what LTAT is aiming is to unlock the hidden value in Boustead Holdings

Very cheap valuation at the current price of 0.40

Half year window dressing till end of the month
Possibility to reach 0.50 - 0.60 within a short period of time

"Patient Will Be Rewarded"

Continue to accumulate before it hit to RM0.50

Everybody is waiting for officially announcement

Once Lembaga Tabung Angkatan Tentera (LTAT),the controlling shareholder of Boustead Holdings Bhd confirm to privatise the company at 80 cents per share,then Boustead Plantation share price will hit limit up