Posted by Good123 > 2019-05-15 14:10 | Report Abuse

this will boost boustead hldgs" profitability in the coming months :)

KUALA LUMPUR (May 15): Malaysian palm oil futures climbed to a one-week top in early trade on Wednesday, in line to chart a third consecutive day of gain, as it tracked an increase in US soyoil on the Chicago Board of Trade (CBOT) and a weaker ringgit.

The ringgit, palm's currency of trade, on Wednesday, eased to its weakest levels against the dollar since end-December. It was last down 0.1% to 4.1720. A weaker ringgit supports palm oil by making it cheaper for foreign buyers.

Benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was up 1.4% at RM2,043 (US$489.69) a tonne at the midday break on Wednesday, its strongest levels since May 8.

"The market is tracking the overnight recovery in CBOT and further weakness in the ringgit today extended the technical pullback," said a Kuala Lumpur-based futures trader.

"Expectations of higher exports and negative growth for production also added strength to the market."

Malaysian palm oil shipments rose for May 1-15, up 14.4% from the corresponding period last month, data from cargo surveyor Amspec Agri Malaysia showed.

Palm oil output in May is also expected to see declines or smaller monthly growth from April. Data from the Malaysian Palm Oil Board last Friday showed April output fell 1.4% from the previous month to 1.65 million tonnes. However, it is the highest for the month since 2015.

Palm oil may test a resistance at RM2,034 per tonne, following its second failure to break a support range of RM1,940-1,967, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

In related oils, the Chicago July soybean oil contract had gained 1.5% on Tuesday, in line with soybean's gains as planting delays in the Midwest crop belt sparked a round of short-covering.

It was last up 0.2%.

Meanwhile, the July soyoil contract on the Dalian Commodity Exchange was down 1.1%, and the Dalian June palm oil contract dropped 2.9%.

Palm oil prices are affected by movements in soyoil, with which it competes for global market share.

Palm, soy and crude oil prices at 0456 GMT

Contract Month Last Change Low High Volume
MY PALM OIL MAY9 0 +0.00 0 0 0
MY PALM OIL JUN9 2011 +23.00 1996 2011 575
MY PALM OIL JUL9 2043 +29.00 2021 2043 8263
CHINA PALM OLEIN JUN9 4232 -128.00 4232 4234 10
CHINA SOYOIL JUL9 5320 -60.00 5218 5320 6
CBOT SOY OIL JUL9 27.07 +0.07 26.9 27.07 2580
INDIA PALM OIL MAY9 529.40 +3.70 527.10 530 273
INDIA SOYOIL MAY9 756.7 +3.05 755 757.9 1460
NYMEX CRUDE JUN9 61.33 -0.45 61.12 61.61 43233
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.1720)
(US$1 = 70.2560 Indian rupees)
(US$1 = 6.8731 Chinese yuan)

Posted by smartag > 2019-05-15 18:47 | Report Abuse

EPF SOLD BOUSTEAD SHARE TODAY.

Posted by smartag > 2019-05-15 18:49 | Report Abuse

No sign of recovery in business profit, except assets disposal gain.

Posted by smartag > 2019-05-15 18:49 | Report Abuse

Don't be too optimistic.

Posted by Good123 > 2019-05-16 09:53 | Report Abuse

yes, for GLCs, institutional funds buy and sell to make those stock counters active :)

Posted by Good123 > 2019-05-16 09:54 | Report Abuse

maybe, an institutional fund will rush in to sapu , then suddenly go up like crazy :) fingers crossed

Posted by Good123 > 2019-05-16 11:16 | Report Abuse

one of these major funds just increase its stake in boustead by a small margin, the price will go wild :)

@
129055444514385 Major shareholders as at announced to-date - LTAT about 60%, KWAP 10%+, EPF 5%%+ , Total about 75%+.... easier for privatisation of Boustead Holdgs too :)
16/05/2019 10:52 AM

Posted by chang1234 > 2019-05-30 11:08 | Report Abuse

boustead facing selling pressure

Posted by mama1baba > 2019-06-01 23:31 | Report Abuse

Has anyone look into the perpetual sukuk distribution?

Extracted from AR2018:
"During the year, the Company did not exercise its call option to redeem the Perpetual Sukuk amounting to RM683.0 million which could be redeemed on 24 December 2018 under optional Redemption. Hence, the periodic distribution rate for those two tranches of Perpetual Sukuk of RM683.0 million will now increase from 6.1% to 7.6% with effect from 24 December 2018."


Current distribution stood at 74m for 2018 and is expected to increase to 83.4m this year, and For the 7th year onwards, the periodic distribution rate will be further increased by 1% per annum for every year thereafter, subject to the maximum of 15% per annum.

In worst case scenario, the sukuk distribution will reach 180m per year, its nearly 2% of 2018 revenue, which is ridiculed. This sukuk thing will essentially kill all shareholders profit.

Right now the only optimistic thing is new management....

Posted by Lol > 2019-06-11 20:27 | Report Abuse

i love najib

Posted by 129055444514385 > 2019-06-11 22:56 | Report Abuse

falling rapidly.. EPF is dumping the stock non-stop

EMPLOYEES PROVIDENT FUND BOARD 30-May-2019 Disposed 397,400 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 21-May-2019 Disposed 300,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 16-May-2019 Disposed 10,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 13-May-2019 Disposed 27,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 10-May-2019 Disposed 146,100 0.000 View Detail

Posted by 129055444514385 > 2019-06-11 22:59 | Report Abuse

EPF continues selling, falling to RM1 soon :)

Posted by smartag > 2019-06-12 09:26 | Report Abuse

I will accumulate below RM1.

Posted by Good123 > 2019-06-13 17:59 | Report Abuse

palm oil and heavy industries segment dragged and made it huge losses

Posted by shpg22 > 2019-06-13 21:56 | Report Abuse

Badly managed company with the same bunch of ppl like UMW, FGV, MSM, THPLANT. Skeleton has been hidden in the closet for so long, when it burst, all hell broke lose. Same old story. With tonnes of debt & equivalent (sukuk) accumulated over the years, it will take years for spring cleaning.

Posted by stahl2017 > 2019-06-19 16:53 | Report Abuse

below RM1, poor army

Posted by smartag > 2019-06-24 11:24 | Report Abuse

Nice gain, slowly take profit.

Posted by charles pang kah keet > 2019-06-24 12:11 | Report Abuse

Why can up back?epf and army fund already disposed.

Posted by apolloang > 2019-06-24 12:16 | Report Abuse

maybe should change name to BASTARD HOLDINGS BHD only can up? hahaha

Posted by Dezmond > 2019-06-24 13:49 | Report Abuse

Can hit 1.15 ?

Posted by Aiw Siow > 2019-06-25 09:44 | Report Abuse

What happened bstead?

Posted by k6ii > 2019-07-04 10:10 | Report Abuse

this counter apa jadi now? engine mau start ke?

Posted by stevefei > 2019-07-04 19:13 | Report Abuse

This counter drop until 52-WEEK LOW =0.995 at 19/06.
It is undervalued with NAPS= 3.24.
Last week price rebounce from the bottom shows a possible reversal signal. After few days consolidation, the price may goes higher and move in up-trend.
It will prove either it is BSTEAD HOLDINGS BHD or BASTARD HOLDINGS BHD.
Grab it low before 2nd waves coming.
Charts never lie.

Posted by stevefei > 2019-07-05 16:33 | Report Abuse

The selling pressure from KWAP is well absorbed.
KWAP reduces the holding share % can be many reasons.
It doesnt mean this counter is hopeless. Instead, the price not moving down during KWAP selling indicates many buyers agree the current pricing is undervalued.

Posted by lurhays > 2019-07-08 10:16 | Report Abuse

she's early wake up but for 1/2 hour eh...?

Posted by WilliamKok > 2019-07-08 22:16 | Report Abuse

Bstead is awakening now....

Posted by kenyang88 > 2019-07-09 17:17 | Report Abuse

very ugly chart

Posted by stevefei > 2019-07-10 01:34 | Report Abuse

No counter will continue goes up everyday. It is normal for price pullback and consolidation. The chart itself not ugly but the volume is too high and undesired. Anyway, It is up-trending now and worth to wait for next wave.

Posted by meisarel > 2019-07-12 18:03 | Report Abuse

Next week looking good for this counter

Posted by Cheatedstudent > 2019-07-15 19:05 | Report Abuse

This counter just get worse n worse. New members of board go in then share price go down. What useless people they add to the Board. Dato NONEE? Close to Daim n Mukriz? WHAT FOR UNLESS PREYING?? no value add unless to asset strip ? And Raslan Loong OMG weren't they involved in putting the scandalous Eagle deal together that lost Felda billions?? That idiotic Karim and the money lost in Indonesia.. And his partner Cesar doing all those funny work for Mirzan.. Really these mediocre suspect people are chosen to help save the army retirement ?? What a joke. Better sell.

Posted by stevefei > 2019-07-15 22:04 | Report Abuse

It is very common to appoint experienced/retired government servant as independent non-executive directors. Normally, they play a role to challenge the performance of the company and public relationship purpose. They cannot make/change any decision of the company.
Recent rebounce and active volume showing good reversal signal. I suggest buy and hold it now.

Posted by meisarel > 2019-07-16 07:45 | Report Abuse

Continue hold. Very light counter....easily pushed up when the time comes...... expecting better quarter results going forward.

The Edge has a lot of coverage on this counter and its subsidiary over the past 3 months. Looks like the worst is behind them

Posted by sctan > 2019-07-16 07:51 | Report Abuse

Palm oil price yet to recover, affin Bank performance so so. No new order from ministry of defense. Company outlook improves??

Posted by stevefei > 2019-07-16 14:58 | Report Abuse

Boustead: Shipyard wins RM96mil Navy contract. Boustead Holdings said a subsidiary has secured a RM96m contract from the Ministry of Defence for refit works on the offshore patrol vessel KD Terengganu. The company said a formal contract between the government and Boustead Naval Shipyard SB will be signed at a later date. (The Star)

Posted by stevefei > 2019-07-16 16:00 | Report Abuse

BSTEAD REVENUE 10.123B:

PLANTATION= 584M (5.7%)
FINANCE= 205m (2%)
PROPERTY= 534M (5.3%)
HEAVY IND= 1100M (10.9%)
PHARMACEUTIAL= 2400M (23.7%)
BHP TRADING= 5300M (52.4)

Posted by Foogo90 > 2019-07-21 14:19 | Report Abuse

When QR come
Out

Posted by stevefei > 2019-07-22 21:34 | Report Abuse

NEXT QR estimation date = 29 august 2019

Posted by Smallretailer > 2019-07-26 11:22 | Report Abuse

avoid at the moment

Posted by chshzhd > 2019-07-29 11:41 | Report Abuse

pharma a better bet?

Posted by geraldt9 > 2019-08-02 10:37 | Report Abuse

A known parasite counter which feeds and grows from handouts, ' direct nego ' or behind closed doors deals ..

Posted by Wilson Chan > 2019-08-02 15:24 | Report Abuse

strong support at RM1.1

Posted by VeeSa > 2019-08-14 19:50 | Report Abuse

This counter traditionally is a BN government linked counter, I thought sure will move after they brought in new directors and management. But turn out performing worse and worse. My stockbroker people got tell me this is because Ah Jib Kor still got his people there, namely his brother Nazim Razak is still major shareholder there so the board of directors still under Ah Jib influence... So he is not going to let this counter run as long as PH is government... Don't know true or not... Politics should stay out from business, let businessman run companies and politicians play politics!

Posted by Lewin_TH > 2019-09-10 14:52 | Report Abuse

Anybody here read the latest Edge? Got say Boustead going to sell BHP Petrol stations. But when showing the list of BHP Petrol shareholders they say got 1 little known company call Hesselink Investments... Hahaha I think the sell cannot go through already la because everybody know that Hesselink is belong to Najib MO1 la, no need say until little known like that... This govt where got want to give Najib money, his all bank account kena freeze already. Anyway I try to Google Hesellink Investments and first result is Singapore Court case with Macau gambling funny money got go into Hesselink account. Sure cannot pass la this sell, Boustead price also not moving today

Posted by toriamos > 2019-09-17 18:04 | Report Abuse

Sell ... rsi high ... wait 1.0

Posted by nkk53 > 2019-09-22 22:29 | Report Abuse

Waiting for 1 ringgit

Posted by unorthodox > 2019-09-27 03:59 | Report Abuse

You buy BSTEAD shares, you die standing!
Surely, it will break 1.000 in near future.
There is a 10%-20% downside risk and limited upside reward at current price.
Read and reflect on the following article:
https://www.thestar.com.my/business/business-news/2019/09/26/financial-irregularities-weakenesses-in-ltat

Posted by hua91 > 2019-09-27 16:02 | Report Abuse

ok I cut loss and run now

Posted by nkk53 > 2019-09-27 17:47 | Report Abuse

Below 1 rm ,then kumpul slowly and sit and wait

Posted by hua91 > 2019-10-07 16:22 | Report Abuse

throw this rubbish counter, with hopeless management

Posted by geraldt9 > 2019-10-08 09:43 | Report Abuse

Incompetent ' parasite ' company is useless without any aid from government ..