Posted by patrick2 > 2019-10-08 10:28 | Report Abuse

break down 1.00, looks not so good

Posted by patrick2 > 2019-10-08 14:51 | Report Abuse

but heavy selling today

Posted by unorthodox > 2019-10-09 04:31 | Report Abuse

This is just the beginning of a downtrend! Be warned

Posted by James Ng > 2019-10-10 12:07 | Report Abuse

https://klse.i3investor.com/blogs/general/229239.jsp
[转贴] [BOUSTEAD HOLDINGS BHD：由于特许经营和非特许经营业务的销售额都增加，制药事业部取得了更高的收入；由于造船和修船活动取得了进展，来自重工业部门的收入也更高] - James的股票投资James Share Investing

Posted by unorthodox > 2019-10-15 04:32 | Report Abuse

Avoid BSTEAD at all costs! Massive debt woes!! Questionable past transactions!!

Posted by geraldt9 > 2019-10-17 18:26 | Report Abuse

A known ' parasite ' company ...how to continue progressing or surviving without the Govt. feeding it with deals and contracts ..? Imagine, the previous head of the company being given 5% of the company's shares at ' pittance ' price for great work and performance ... not a sick joke ? Even the dividends payout has stopped or dried up !

Posted by geraldt9 > 2019-10-22 11:30 | Report Abuse

Days of glory ... dead and buried !!

Posted by AllanTingAS > 2019-10-22 21:15 | Report Abuse

Selling BPM! Short term benefit and long term in question mark?

Posted by unorthodox > 2019-10-24 03:18 | Report Abuse

Without a doubt, BSTEAD share price will break the support level at 0.900 in near future!

Posted by patrick2 > 2019-11-19 16:39 | Report Abuse

boustead vol come and break 1.00

Posted by patrick2 > 2019-11-19 16:39 | Report Abuse

what's up??

Posted by siva123 > 2019-11-20 11:11 | Report Abuse

Price discounted to NTA by a massive margin. New Management and Boustead is a flagship company of LTAT. Some good effort required to shore up its performance. Time needed. Average to sell. If you price is around RM1.00, there is potential to exit with a 3pct to 5 pct profit.

Posted by patrick2 > 2019-11-26 16:23 | Report Abuse

asset held for sale 316m, it belongs to what asset to sell? the royale bintang hotel or the plantataion land??

Posted by patrick2 > 2019-11-26 16:57 | Report Abuse

i think it might incurs losses due to recent bplant losses and little contribution from pharma. Unless sale of royale bintang incorporated in

Posted by wakarimas > 2019-11-26 22:46 | Report Abuse

apani??? up a bit and down like hell....

Posted by smartag > 2019-11-27 11:46 | Report Abuse

Bad 3Q is expected.

Posted by smartag > 2019-12-02 12:45 | Report Abuse

4Q WILL BE Improved.

Posted by AllanTingAS > 2019-12-02 21:34 | Report Abuse

Except you have internal infor on thier PnL. If no, mountain to hike as 3Q lost is 187Millions or 7.65/ share. Further, there are less land to sell and the offer price was low! Maybe can enter at 0.80 or below.

Posted by thesteward > 2019-12-06 22:21 | Report Abuse

SmartAg right 4q will improve no worries . BPlant will contribute . This stock is at bottom already . Good to collect some .
Affin nta is rm4 ...

Posted by thesteward > 2019-12-06 22:25 | Report Abuse

https://www.thestar.com.my/business/business-news/2019/11/19/pharmaniaga-gets-job-extension-letter

Posted by thesteward > 2019-12-06 22:26 | Report Abuse

On top of that pharmaniaga got extentsion

Posted by thesteward > 2019-12-06 22:26 | Report Abuse

Q4 most likely nice .

Posted by thesteward > 2019-12-09 15:41 | Report Abuse

Will rebound fm here

Posted by thanaraj > 2019-12-13 12:24 | Report Abuse

I used to love Boustead Holdings before for the handsome growth. Its current standing of poor performance is probably due to Lodin's involvement in politics under the former Govt. But now he has left Boustead with a serious problem and this cannot be solved by the current administration. I hope the former Boustead Finance Director who has also retired from Boustead may be able to give his advice so that Boustead may go back to its former glorious days. My comments is made without prejudice. Investor.

Posted by Victor Yong > 2019-12-17 16:23 | Report Abuse

Plantation with palm oil price has risen so much and petrol station BHP will report higher profit with the petrol price floated in 2020. Q4,2019 (Oct to Dec 2019) should be + results.

Institutional funds have stopped selling its share :)

Boustead Holdings Bhd’s 3Q2019 net loss stood at RM155.0 mln vs. a net loss of RM7.3 mln, due to huge impairments on its heavy industry and property divisions amounting to RM161.3 mln, as well as weaker results in other units. Revenue for the period, however, added 5.0% Y.o.Y to RM2.73 bln.
For 9M2019, cumulative net losses widened to RM153.1 mln, compared with net losses of RM14.2 mln recorded in the previous corresponding period. Revenue for the period, however, climbed 6.2% Y.o.Y to RM7.79 bln.
Separately, Boustead Plantations Bhd (BPB) has appointed Ibrahim Abdul Majid as its new CEO effective 1st December 2019. He assumes the position from Mohamad Azlan Jaafar who was the acting CEO and will now resume his responsibilities as the company’s Deputy CEO. (The Star Online)

Posted by Victor Yong > 2019-12-17 16:29 | Report Abuse

good try :)

What is the thing happen with Boustead and how do we capture the oppurtunity
Author: StallionInvestment | Publish date: Tue, 17 Sep 2019, 11:58 PM





Why am i looking into this stock? I will explain this into point form for your easy understanding.



News Update :



1. 16 Sept 2019

BOUSTEAD Holdings Bhd is in talks to sell its stake in Boustead Petroleum Marketing Sdn Bhd (BPM), which operates petrol stations under the BHPetrol banner, sources familiar with the matter tell The Edge.

It is understood that talks with at least one individual buyer are ongoing, with several other parties interested in the assets or waiting on the sidelines.

A source with knowledge of the matter says, “This (waiting on the sidelines) is because the price tag being bandied about is more than RM1 billion … maybe even RM1.5 billion, or more. BPM is 70% controlled by Boustead Petroleum Sdn Bhd and 30% by Lembaga Tabung Angkatan Tentera (LTAT) or the Armed Forces Fund Board.

It is noteworthy that LTAT has a 59.45% stake in Boustead Holdings. While it is still unclear at press time, considering the shareholding structure of LTAT and Boustead Holdings, it is unlikely that LTAT will remain in BPM if Boustead Holdings exits.

Source obtain from https://www.theedgemarkets.com/article/newsbreak-boustead-holdings-exit-petrol-station-business

2. 28 Aug 2019

Boustead Holdings Bhd’s second quarter profits ended June 2019 turned in RM84 million in profits, reversing a RM1.3 million in net losses, a year ago.

Group managing director Datuk Seri Amrin Awaluddin said this was mainly driven by a RM120 million gain after plantation land sale.

“All divisions contributed positively to the group’s bottom line, with the exception of the heavy industries and property divisions,’ Amrin said in a statement today.

Source obtain from https://www.nst.com.my/business/2019/08/516867/boustead-holdings-q2-turned-rm84m-profits-after-plantation-land-sale



3. 12 July 2019

Boustead Holdings Bhd (BHB) is poised to record a positive momentum with the new appointment of new individuals to its boards, effective July 15.



The new appointment comprising Lieutenant General Datuk Fadzil Mokhtar (R) as independent non-executive director, Datuk Nonee Ashirin Mohd Radzi as independent non-executive director, Abraham Verghese as independent non-executive director and Loong Caesar as independent non-executive director.



With this diverse and well-rounded board, BHB said the group would certainly benefit from their backgrounds and broad experience.

Source obtain from https://www.nst.com.my/business/2019/07/503731/boustead-holdings-appoints-new-members-its-board



4. 21 Jun 2019

BOUSTEAD HOLDINGS BHD’s unit has won a contract worth RM95.99mil for vessel refit works from the Defence Ministry.

In its filings, the diversified group said its subsidiary, Boustead Naval Shipyard Sdn Bhd (BNS), would undertake the works for the military vessel KD Terengganu.


It added that a formal contract between the government and BNS would be signed at a later date.

Boustead said the contract was expected to contribute positively to its current and future earnings.


Source obtain from https://www.thestar.com.my/business/business-news/2019/06/21/boustead-unit-wins-rm96mil-job



5. 5 April 2019

Boustead Holdings Bhd has announced the appointment of (MD) Datuk Seri Amrin Awaluddin as the new managing director effective May 6, 2019. Amrin, who is the managing director of Sime Darby Property Bhd (SD Property), has announced that is leaving the group on May 3.

Amrin was appointed as SD Property director on July 12, 2017. He was subsequently appointed as the group MD on August 24, 2017.

He has played a pivotal role in driving the success of leading Malaysian companies which includes Renong Bhd, Malaysian Resources Corporation Bhd, Sistem Televisyen Malaysia Bhd, Media Prima Bhd and most recently, Sime Property.

He is currently a director of Taliworks Corporation Bhd and CIMB Bank Bhd.

“We are pleased to welcome Amrin as our new MD. We are confident that his experience and proven track record will help steer the group forward.

“Particularly given the increasingly competitive landscape, his vast expertise and sharp business acumen certainly augurs well for the development of the group,” Boustead chairman Tan Sri Mohd Ghazali Che Mat said in a statement.


Source obtain from https://www.nst.com.my/business/2019/04/476568/amrin-take-helm-boustead

Related News : https://www.malaymail.com/news/malaysia/2019/04/11/ltat-failed-to-state-rm88.9m-impairment-in-fy17-financial-report-says-audit/1742164

https://www.thesundaily.my/local/bn-administrative-problem-cause-of-delay-in-announcing-ltat-dividend-sabu-DB737467



Fundamental Outlook

1. Improving Quarter Outlook


2. Top 10 Shareholder




3. Change in Shareholder




4.
Bloomberg reported that the parties are looking to sell AXA Affin General Insurance Bhd for US$500mil an

Posted by Victor Yong > 2019-12-17 16:32 | Report Abuse

selling by institutional funds dah stop... time to relook at it :)

EMPLOYEES PROVIDENT FUND BOARD 19-Nov-2019 Disposed 52,800 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 14-Nov-2019 Disposed 35,200 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 29-Oct-2019 Disposed 300,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 02-Oct-2019 Disposed 2,000,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 19-Sep-2019 Disposed 723,900 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 17-Sep-2019 Disposed 90,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 12-Sep-2019 Disposed 397,400 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 09-Aug-2019 Disposed 40,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 19-Jul-2019 Disposed 377,400 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 15-Jul-2019 Disposed 584,800 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 12-Jul-2019 Disposed 278,800 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 11-Jul-2019 Disposed 30,100 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 11-Jul-2019 Disposed 851,900 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 10-Jul-2019 Disposed 1,600,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 09-Jul-2019 Disposed 1,292,600 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 08-Jul-2019 Disposed 871,900 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 05-Jul-2019 Disposed 2,000,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 04-Jul-2019 Disposed 1,229,400 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 03-Jul-2019 Disposed 1,613,900 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 02-Jul-2019 Disposed 170,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 01-Jul-2019 Disposed 1,000,000 0.000

Posted by Victor Yong > 2019-12-17 16:40 | Report Abuse

Outlook. The group is expected to continue seeing volatile quarterly results based on its historical volatile earnings trend. All in, we expect plantation earnings to anchor the bulk of earnings, and since 91% of its plantation estates are already matured, this hinges largely on CPO price movements of which the outlook over the short-term looks cloudy. The Heavy Industries division remains volatile with quarterly earnings oscillating between profits and losses. We expect the trading and manufacturing as well as pharmaceutical divisions to show pedestrian growth but deliver sustainable recurring incomes.

Maintain MP. Our SoP-derived target price is lowered from RM1.05 to RM1.00. Reiterate MP.

Source: Kenanga Research - 2 Dec 2019

Posted by Victor Yong > 2019-12-17 16:42 | Report Abuse

Recent Prices
Date Open Range Close Change Volume
16/12/2019 0.94 0.935 - 0.945 0.945 +0.005 (0.53%) 103,700
13/12/2019 0.955 0.935 - 0.955 0.94 0.00 (0.00%) 156,400
12/12/2019 0.94 0.94 - 0.95 0.94 0.00 (0.00%) 300,100
11/12/2019 0.95 0.94 - 0.955 0.94 0.00 (0.00%) 375,900
10/12/2019 0.945 0.94 - 0.945 0.94 -0.005 (0.53%) 248,900
09/12/2019 0.95 0.935 - 0.96 0.945 +0.005 (0.53%) 742,500
06/12/2019 0.95 0.935 - 0.955 0.94 0.00 (0.00%) 394,100
05/12/2019 0.93 0.925 - 0.95 0.94 +0.01 (1.08%) 484,200
04/12/2019 0.92 0.92 - 0.93 0.93 +0.01 (1.09%) 306,500
03/12/2019 0.93 0.915 - 0.935 0.925 0.00 (0.00%) 345,000
02/12/2019 0.945 0.915 - 0.96 0.925 -0.04 (4.15%) 1,097,300
29/11/2019 0.96 0.95 - 0.965 0.965 +0.005 (0.52%) 336,900
28/11/2019 0.96 0.96 - 0.965 0.96 0.00 (0.00%) 183,700
27/11/2019 0.96 0.955 - 0.975 0.96 0.00 (0.00%) 245,000
26/11/2019 0.97 0.955 - 0.98 0.96 -0.015 (1.54%) 668,100
25/11/2019 0.97 0.965 - 0.985 0.975 +0.01 (1.04%) 667,100
22/11/2019 0.985 0.965 - 0.985 0.965 -0.015 (1.53%) 933,700
21/11/2019 1.01 0.98 - 1.01 0.98 -0.04 (3.92%) 586,300
20/11/2019 1.02 1.00 - 1.04 1.02 -0.02 (1.92%) 861,600
19/11/2019 0.975 0.97 - 1.07 1.04 +0.07 (7.22%) 2,266,200

Posted by Victor Yong > 2019-12-17 17:21 | Report Abuse

:)

BOUSTEAD Holdings Bhd — which has yet to complete the sale of the Royale Chulan Bukit Bintang Hotel, a transaction it entered into 22 months ago — is evaluating the possible disposal of a second asset in Jalan Bukit Bintang.

A few months ago, Boustead had invited bids for two adjacent parcels of land on the corner of Jalan Bukit Bintang and Jalan Pudu and set a collective reserve price of RM172 million for the plots, which are currently being operated as a parking lot. The government-linked company continues to receive enquiries about the 1.71-acre parcel, even after a tender exercise closed in July.

“Yes, we did invite tenders for this parcel of land. The tender exercise closed in July,” a Boustead spokesman says when asked to confirm the authenticity of a document sighted by The Edge, inviting interested parties to submit their offers. “However, the bids we received were not up to expectations and, as such, we have put this matter in abeyance.”

Nevertheless, Boustead has continued to receive interest from both local and overseas individuals, the spokesman says.“At this juncture, we are still evaluating [our options] and have not reached any conclusion on this parcel of land.”

The two parcels — where the former Cathay Cinema and Pavilion Cinema were located — are registered under Pavilion Entertainment Centre (M) Sdn Bhd. Pavilion Entertainment is equally held by Boustead and Yew Capital Management (M) Sdn Bhd. The original plan was to build a commercial complex and serviced apartments on the site.

Although Boustead did not specifically say why it had conducted the tender exercise, it is worth noting that the group posted its first net loss in 17 years in the financial year ended Dec 31, 2018 (FY2018). The loss amounted to RM469 million on revenue of RM10.19 billion. In addition, the conglomerate has yet to complete the sale of the Royale Chulan Hotel. In February 2018, Boustead inked a deal to sell the hotel for RM197 million. So far, it has received only 10%, or RM19.7 million as deposit from the purchaser, Singapore-listed Hotel Royal Ltd.

In the first nine months ended Sept 30, Boustead’s net loss widened to RM153.1 million from the previous corresponding period. Revenue rose 6% to RM7.79 billion. Borrowings as at Dec 31 last year were RM7.53 billion, of which RM4.86 billion were short term. By Sept 30 this year, its total borrowings had increased to RM8.19 billion with short-term borrowings at RM4.55 billion. Cash balances stood at RM1.16 billion and it has RM1.42 billion in current receivables.

In an announcement dated Aug 30, Hotel Royal informed the Singapore Stock Exchange that Boustead had agreed to further extend the completion period of the conditions precedent in the sales and purchase agreement to Dec 31 from Sept 14, so the company has sufficient time to obtain the required approvals from the respective federal and state authorities. The purchase is expected to be completed one month after the conditions precedent are met.

In July, Boustead aborted plans to buy multiple pieces of leasehold commercial land totalling 10.34 acres in Bukit Jalil for RM172.78 million from its largest shareholder, Lembaga Tabung Angkatan Tentera. Boustead did not say why it had aborted the deal that was executed in December 2016.

The tender documents sighted by The Edge show that the Bukit Bintang parcels — Lots 20006 and 670 — are freehold lots measuring 74,023 sq ft and 990 sq ft respectively. The Mass Rapid Transit line runs underground adjacent to Lot 20006. Based on the reserve price of RM172 million, the psf price for the combined 75,013 sq ft parcel is RM2,293 psf.

A property valuer contacted by The Edge says that at RM2,293 psf, the price is fair for the Bukit Bintang area. Another valuer tells The Edge, “If the seller is able to find a buyer at the reserve price it is a very good price.”

It is worth noting that just 750m away from the site, Tan Sri Desmond Lim Siew Choon of Malton Bhd and Pavilion Real Estate Investment Trust set a new record for land prices in the city when he purchased a small parcel of land next to Pavilion Kuala Lumpur for RM7,209 psf.

A search on the Companies Commission of Malaysia website on Pavilion Entertainment shows that the directors of Pavilion Entertainment are Choo MeiLeen, Chan Hua Eng, Datuk Seri Ghazali Mohd Ali, Koo Hock Fee and Long Chay Tai. Yew Capital Management is held by Theng Realty Sdn Bhd (64.7%) and Cathay Investments Sdn Bhd (35.3%).

In 2017, the founding family of Cathay Organisation’s Cathay movie theatre chain sold its cinema operations for S$230 million to mm2 Asia. The sale included 19 cinemas in Malaysia and the rights to the Cathay brand name. Cathay Organisation managing director Choo MeiLeen said the decision to sell the 80-year-old business was difficult.

Posted by Victor Yong > 2019-12-17 19:01 | Report Abuse

+4Bstead :)

Tuesday, 19 Nov 2019


PETALING JAYA: Pharmaniaga Bhd’s wholly owned unit, Pharmaniaga Logistics Sdn Bhd (PLSB), has received an official letter from the Health Ministry extending its medicine and medical supply contract until end-2021.

In a statement, the integrated pharmaceutical group said the interim extension of 25 months would commence on Dec 1, following the end of its long-running exclusive concession on Nov 30.

In addition, PLSB is allowed to continue providing logistics and distribution services to the Health Ministry for a period of five years, ending Dec 31, 2024.

“Pharmaniaga is thankful to the government for continuing to place its trust in us and for its recognition of our performance in delivering services for the benefit of the rakyat in line with our motto, Passion for Patients.


“Moving forward, we remain focused on providing high standards of service and strong operational efficiency to ensure that all key performance indicators are met,” it said.

Posted by Victor Yong > 2019-12-17 19:03 | Report Abuse

also +4Bstead :)

Tuesday, 17 Dec 2019


Group chief executive officer Kamarul Ariffin Mohd Jamil said Affin Bank currently has more than 900,000 debit and credit cardholders and aims to break the one million milestone next year

KUALA LUMPUR: Affin Bank Bhd is targeting to grow the cardholder base for both its debit and credit cards by 15% next year.


Group chief executive officer Kamarul Ariffin Mohd Jamil said Affin Bank currently has more than 900,000 debit and credit cardholders and aims to break the one million milestone next year through various campaigns and initiatives. — Bernama

Posted by Victor Yong > 2019-12-17 19:08 | Report Abuse

+4BHP= +4Bstead :)

KUALA LUMPUR: The RM2.2bil fuel Targeted Subsidy Programme (PSP) will be launched in January next year and is expected to benefit more than eight million motorists.

Finance Minister Lim Guan Eng said individuals who owned not more than two cars and two motorcycles were eligible to receive PSP for one vehicle.

The qualifying criteria is for the passenger car to have a 1,600cc engine and below or 1,600cc and above which is more than 10 years old.

For motorcycles, it must be 150cc and below; if it is over 150cc, it must be at least seven years old.No luxury vehicles are qualified to receive the targeted subsidies, said Lim.


For eligible recipients of Bantuan Sara Hidup (BSH), the petrol subsidy receivable will be RM30 per month for car owners and RM12 per month for motorcycle owners.

This subsidy will be in the form of cash transfer deposited into the recipient’s bank account every four months, with the first to be made in April 2020 for the first four months of the year.

Motorists who are not BSH recipients will receive a special Kad95 allowing them to enjoy the fuel subsidy at a discount of 30 sen per litre limited to 100 litres per month for cars or 40 litres per month for motorcycles when purchasing RON95 at the petrol station.

The Kad95 will be implemented progressively during the first quarter of 2020.

Lim said once the fuel subsidy scheme starts, the prices of RON95 petrol and diesel will be gradually floated to reduce leakages and cross-border smuggling of subsidised fuel.

The fuel subsidy will kick in whenever the RON95 market price determined by the Automatic Pricing Mechanism (APM) is above RM2.08 per litre, but no fuel subsidy will be given when the APM price falls below RM2.08 per litre.

Motorists in Sabah and Sarawak will continue to enjoy a fuel price ceiling of RM2.08 per litre for RON95 and RM2.18 per litre for diesel.

Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution said the government also included the criteria for M40 recipients, for those who own not more than two cars and two motorcycles, due to public demand.

“After the announcement of the petrol subsidy programme on Oct 7, the ministry received feedback from the people, especially calls for the M40 group to be eligible for the subsidy, ” he said.

Posted by Victor Yong > 2019-12-17 19:11 | Report Abuse

+4BHIC=+4Bstead. new chairman holds 8%+ in BHIC, wont destroy own money, i guess :)

many changes in Bstead group indeed :)

PETALING JAYA: BOUSTEAD HEAVY INDUSTRIES CORP Bhd (BHIC) has appointed Tan Sri Ramlan Mohamed Ali as its chairman effective Dec 1.

In a filing with Bursa Malaysia yesterday, the group said Ramlan was appointed as BHIC non-independent non-executive director early on July 10 this year.

He formerly served on the board of Lembaga Tabung Angkatan Tentera (LTAT), which has an 8% stake in BHIC.

It is worth noting that BHIC has seen several changes of its board members in the past weeks following the changes in leadership in Boustead and LTAT.

Posted by Victor Yong > 2019-12-17 19:14 | Report Abuse

Based on BPlant, BHP, BHIC , Affin bANK and Pharma, 4Q2019 should be +, fingers crossed :)

Posted by Victor Yong > 2019-12-17 20:39 | Report Abuse

SHAREHOLDINGS
(As at 28 February 2019)


30 Largest Shareholders

No. Name of shareholders No. of shares %
1 LEMBAGA TABUNG ANGKATAN TENTERA 1,204,952,018 59.45
2 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 204,293,392 10.08
3 CITIGROUP NOMINEES (TEMPATAN) SDN BHD 103,504,248 5.10
EMPLOYEES PROVIDENT FUND BOARD
4 CITIGROUP NOMINEES (TEMPATAN) SDN BHD 62,577,587 3.09
EXEMPT AN FOR AIA BHD.
5 CHINCHOO INVESTMENT SDN.BERHAD 19,743,000 0.97
6 CIMSEC NOMINEES (TEMPATAN) SDN BHD 19,600,000 0.97
CIMB BANK FOR CHE LODIN BIN WOK KAMARUDDIN (PBCL-0G0052)
7 KEY DEVELOPMENT SDN.BERHAD 18,927,857 0.93
8 GAN TENG SIEW REALTY SDN.BERHAD 17,068,921 0.84
9 CIMSEC NOMINEES (TEMPATAN) SDN BHD 15,339,530 0.76
CIMB FOR CHE LODIN BIN WOK KAMARUDDIN (PB)
10 CHE LODIN BIN WOK KAMARUDDIN 12,872,000 0.63
11 YONG SIEW YOON 12,239,731 0.60
12 CARTABAN NOMINEES (TEMPATAN) SDN BHD 12,147,786 0.60
ICAPITAL.BIZ BERHAD
13 CITIGROUP NOMINEES (ASING) SDN BHD 11,983,491 0.59
CBNY FOR DIMENSIONAL EMERGING MARKETS VALUE FUND
14 GEMAS BAHRU ESTATES SDN. BHD. 6,917,780 0.34
15 BIDOR TAHAN ESTATES SDN.BHD. 6,435,268 0.32
16 MIKDAVID SDN BHD 5,914,162 0.29
17 HONG LEONG ASSURANCE BERHAD 5,491,274 0.27
AS BENEFICIAL OWNER (LIFE PAR)
18 UOB KAY HIAN NOMINEES (ASING) SDN BHD 5,426,091 0.27
EXEMPT AN FOR UOB KAY HIAN PTE LTD ( A/C CLIENTS )
19 CITIGROUP NOMINEES (ASING) SDN BHD 4,863,731 0.24
CBNY FOR EMERGING MARKET CORE EQUITY PORTFOLIO
DFA INVESTMENT DIMENSIONS GROUP INC
20 RENGO MALAY ESTATE SENDIRIAN BERHAD 4,847,981 0.24
21 CIMSEC NOMINEES (TEMPATAN) SDN BHD 4,446,275 0.22
CIMB BANK FOR DATO’ CHE LODIN BIN WOK KAMARUDDIN (MM0197)
22 CHINCHOO HOLDINGS (S) PRIVATE LIMITED 3,987,286 0.20
23 OOI CHIENG SIM 3,349,400 0.17
24 HSBC NOMINEES (ASING) SDN BHD 2,962,317 0.15
EXEMPT AN FOR BANK JULIUS BAER & CO. LTD. (SINGAPORE BCH)
25 CITIGROUP NOMINEES (ASING) SDN BHD 2,775,328 0.14
CBNY FOR DFA EMERGING MARKETS SMALL CAP SERIES
26 YEOH SAIK KHOO SENDIRIAN BERHAD 2,514,980 0.12
27 CIMSEC NOMINEES (ASING) SDN BHD 2,422,020 0.12
EXEMPT AN FOR CGS-CIMB SECURITIES (SINGAPORE) PTE. LTD.
(RETAIL CLIENTS)
28 INTER-PACIFIC EQUITY NOMINEES (ASING) SDN BHD 2,393,378 0.12
PLEDGED SECURITIES ACCOUNT FOR MAK SENG FOOK
29 AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD. 2,330,204 0.11
YAYASAN WARISAN PERAJURIT
30 UOB KAY HIAN NOMINEES (TEMPATAN) SDN BHD 2,156,000 0.11
PLEDGED SECURITIES ACCOUNT FOR LIM HUA KUANG
TOTAL 1,784,483,036 88.04

Posted by Good123 > 2019-12-17 20:58 | Report Abuse

prospect macam bagus bagi 4Q2019 :)

The Pharmaceutical Division recorded improved revenue for the first nine months driven by contributions from both the concession
and non-concession businesses. However, its bottom line was impacted due to reduced contribution margins. In the final quarter of the
year, the Division foresees further impact on earnings due to higher amortisation of the Pharmacy Hospital Information System.
Nevertheless, the Division remains optimistic on long-term prospects, particularly given the extension by the Ministry of Health
(MOH) for the Division’s services for the provision of medicines and medical supplies to MOH facilities from 1 December 2019 to 31
December 2021. In addition, the Division will also continue to provide logistics and distribution services to MOH for a period of five
years ending 31 December 2024. Given its proven track record and performance, the Division is well-equipped to continue providing
quality products and services. In the interim, the Division remains focused on strengthening capabilities and operational efficiencies to
meet the healthcare needs of both domestic and overseas markets.
Pharmaceutical Division
Other Divisions
The Group's effective rate for the cumulative quarter is higher than statutory tax rate as certain expenses are non-deductible for tax
purposes and non-availability of group relief for certain Subsidiaries.
Property Division
Plantation Division
For the rest of 2019, the domestic economy is expected to moderate synchronically with the global economic slowdown. However, in
the growth-centric 2020 Budget announced recently, the Malaysian economy is anticipated to grow by 4.7% this year and improving
to 4.8% in 2020 on the back of a healthy labour market and low and stable inflation. With this, the Group remains cautious of the long-
term prospect in delivering sustainable earnings to increase shareholders’ value.
The Plantation Division’s prospects for the rest of the year will be much driven by CPO price, crop production and the Division's
transformation programme. The transformation programme will focus on yield improvement, prudent cost management and
operational efficiency to enhance profitability.
Progress billings from the ongoing and upcoming housing projects will contribute positively to the Property Division’s bottom line.
The Division’s portfolio of well-located investment properties will continue to generate good rental as well as appreciation in value
over time. On the other hand, whilst the Division’s hotel activities are expected to continue facing challenges in term of occupancies
and rate, the performance going forward is envisaged to be stable.
The LCS and LMS projects as well as defence related maintenance, repair and overhaul activities will contribute to Heavy Industries
Division’s performance going forward. Finance

Posted by Victor Yong > 2019-12-17 21:33 | Report Abuse

:)

This article first appeared as "Four companies in the running for marine vessel job" in The Edge Malaysia Weekly, on December 9, 2019 - December 15, 2019.



FOUR public-listed companies are eyeing a RM220 million contract to build 18 fast interceptor craft (FIC) for the Royal Malaysian Navy (RMN) as it is likely to be the only big-ticket item that will be awarded for the armed forces over the next few months.

Boustead Heavy Industries Corp Bhd (BHIC), Destini Bhd, Muhibbah Engineering (M) Bhd and TH Heavy Engineering Bhd (THHE) are said to have submitted bids to build and deliver the FIC, say sources with knowledge of the matter.

“As BHIC is majority-owned by Lembaga Tabung Angkatan Tentera, naturally RMN prefers the contract to be awarded to the company. However, the Ministry of Defence will find the best candidate after looking at the overall package,” says a source associated with one of the candidates and who liaises with the ministry.

Another source says BHIC might not be awarded the contract as it is still racing against time and a tight budget to complete the littoral combat ships (LCS) in its shipping yard in Lumut.

At press time, the company had not responded to The Edge’s request for confirmation that it was bidding for the contract.

The LCS job, awarded to BHIC eight years ago in December 2011, is currently mired in a cost overrun and delay as delivery was originally scheduled for 2017.

The RM9 billion contract involves six frigates designed by France’s Naval Group, formerly DCNS. Four of them are being constructed at BHIC’s Boustead Naval Shipyard in Lumut, Perak. The first vessel, the KD Maharaja Lela, was launched on Aug 24, 2017, and was to be followed by a second vessel this year.

The cost overrun of the LCS job, estimated at RM1.4 billion more than the contractual amount, might be a point of contention if BHIC is awarded the FIC contract. Indeed, the Royal Malaysian Naval Veterans Association has lodged a report with the Malaysian Anti-Corruption Commission with regard to the cost overrun and delay in the delivery of the LCS.

While the FIC is a much smaller vessel, to be deployed to patrol the Sabah east coast for non-state intrusions, it is still a major asset for RMN.

The LCS cost overrun impacted BHIC’s profitability in its financial year ended Dec 31, 2018 (FY2018), as the group registered a loss after tax of RM108 million after recognising variation orders and higher project finance cost in the fourth quarter of the year.

BHIC was also awarded a contract to build four littoral mission ships (LMS) worth RM1.17 billion. However, the new Pakatan Harapan government decided that all four units would be built in China by BHIC’s partner shipyard instead of two in Malaysia and two in the republic.

“The group is pursuing additional claims with the relevant authorities to recover the costs arising therefrom,” says BHIC executive deputy chairman and managing director Tan Sri Ahmad Ramli Mohd Nor in the company’s 2018 annual report.

BHIC also owns and operates three other yards in the country — in Penang, Langkawi and a special yard for the servicing of the country’s two submarines in Sapanggar Bay in Kota Kinabalu, Sabah.

The Penang yard engages in shipbuilding, ship repair and servicing of various types of vessels, including anchor handling tugs, cargo ships and tankers, while the Langkawi facility specialises in the repair and service of leisure craft, such as sailing boats and yachts.

Destini’s interest in the FIC contract was confirmed by a source, although questions to the group’s representative went unanswered at press time. The company has experience in building vessels for the Malaysian Marine Enforcement Agency (MMEA) and is currently constructing three 83m offshore patrol vessels (OPVs) for the agency in collaboration with TH Fabricators Sdn Bhd, a subsidiary of THHE.

In January 2017, THHE Destini Sdn Bhd, the joint-venture company, received a letter of award from the government for the supply, delivery, testing and commissioning of the OPVs worth RM738.9 million. It will take about 3½ years from the time the contract was signed for all three vessels to be delivered.

In July 2015, Destini acquired for RM90 million Destination Marine Services Sdn Bhd, a company that was awarded the RM381.3 million contract to build and deliver six patrol vessels for the MMEA.

While Destini too is building vessels for the security forces, the OPVs are being built in its partner’s yard in Pulau Indah, Port Klang. So, if Destini were awarded the FIC contract, it will still have capacity in its yard.

The group is raising an estimated RM49.7 million through a private placement to a third-party investor. The funds will be used to repay bank borrowings and finance working capital requirements for existing and new projects.

The source says Destini went solo in the FIC bid. “It did not partner any party.”

Posted by Victor Yong > 2019-12-18 09:18 | Report Abuse

EPF Masih substantial shareholder

Nature of interest Direct Interest
Direct (units) 101,947,948
Direct (%) 5.029
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 101,947,948
Date of notice 20 Nov 2019
Date notice received by Listed Issuer 22 Nov 2019

Posted by Victor Yong > 2019-12-18 09:19 | Report Abuse

Kwap juga Masih substantial shareholder

Nature of interest Direct Interest
Direct (units) 186,179,392
Direct (%) 9.185
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 186,179,392
Date of notice 03 Oct 2019
Date notice received by Listed Issuer 03 Oct 2019

Posted by Victor Yong > 2019-12-18 10:02 | Report Abuse

KUALA LUMPUR: The New Year is expected to see the recovery in commodity prices with the crude palm oil (CPO) price to reach above RM2,400 and crude oil price to stay higher than US$60 (RM248.40).

According to MIDF Investment Bank Bhd, the stronger CPO price and firm crude oil will help fuel corporate earnings in the two sectors and will in turn lend support to share prices.

Speaking at a media briefing yesterday, MIDF head of research Mohd Redza Abdul Rahman said corporate earnings are expected to improve.

“Certainly, the export-oriented sectors are pretty much dependent on the global economy. Hence we look at the commodity sector to drive most of the growth, as well as the banking sector. It [the growth] will be more domestic-driven.

“For stocks under our coverage, we are [forecasting] about 5% earnings recovery in 2020 — driven by banks, plantations, oil and gas, and telecommunications — whereas the consensus is at 6.5% for the KLCI [constituents],” he said.

Mohd Redza anticipates the benchmark index to hit 1,680 by end-2020. The forecasts on the average crude oil price are US$65 per barrel and CPO at RM2,450 next year.

At the time of writing, the global crude benchmark was traded at US$65.15 per barrel, while CPO futures contracts for March 2020 delivery were last done at RM2,891 a tonne on Bursa Malaysia Derivatives.

The FBM KLCI closed 0.48% or 7.6 points up at 1,576.95 yesterday.

“Coming from a lower base, at about 1% this year, we expect [corporate] earnings to be better next year,” he said, adding that valuations will still be subject to macro and geopolitical uncertainties.

“The sectors that we see increasing [earnings] are the banks; the oil and gas companies which will continue to do better because oil prices are forecast to be at US$65 a barrel. We have also raised our call on the plantation sector from ‘negative’ to ‘neutral’,” he told the media.

Nevertheless, he stressed that the year-end KLCI target is at an implied lower end of its historical range price-earnings ratio of 16.5 times, to factor in external risks.

The external risks include the geopolitical scene, trade war, the European Union’s ambitious push against climate change, monetary policy expansion and interest rate.

He added that despite being one of the laggard markets among its peers this year, the KLCI is relatively in line with them when viewed from a two-year observation period.

Posted by Victor Yong > 2019-12-18 15:46 | Report Abuse

:)

Boustead Holdings Berhad (MYX: 2771) was founded in 1828 as Boustead & Co in Singapore by Edward Boustead, an English businessman. The company was incorporated in 1961 under the Kuala Lumpur, Singapore, Shenzhen and Shanghai stock exchanges.

Boustead Holdings Berhad
Boustead Holdings logo.svg
Type
Publicly traded company
Traded as
MYX: 2771
ISIN
MYL2771OO003
Predecessor
Boustead & Co
Founded
1828
Headquarters
28th Floor, Menara Boustead, 69, Jalan Raja Chulan, 50200 Kuala Lumpur, Malaysia
Key people
Lodin Wok Kamaruddin, Deputy Chairman / Group Managing Director
Number of employees
18,000+ (2017)
Parent
Armed Forces Fund Board
Subsidiaries
List of subsidiaries
Website
www.boustead.com.my
After World War II, Malaya declared independence from the British (1957) and Singapore declared independence from Malaysia (1965). This saw Boustead & Co split into three entities in 1975, Boustead Plc in London (which was later reorganized as Boustead & Co), Boustead Holdings Berhad in Malaysia, Boustead Singapore Limited, and Boustead China Co, Ltd.

In 2008, Boustead has 133 subsidiaries of which 3 companies are listed and 16 associate companies, of which one is listed. It has total assets in excess of RM8 billion and more than 18,000 employees. The major shareholder of Boustead today is Lembaga Tabung Angkatan Tentera (LTAT) the Malaysian Armed Forces Pension Fund. The Boustead Group's operations and business activities can be categorised into six core business areas, namely Plantation, Heavy Industries, Property, Finance & Investment, Trading and Manufacturing & Services.

Boustead, through its Boustead Petroleum Marketing subsidiary, is also a major shareholder of BHP Petroleum, a chain of refilling stations inherited from BP in 2005 after BP's pullout from the Malaysian petrol retail business in 2004.[1

Posted by Victor Yong > 2019-12-18 15:53 | Report Abuse

Possible for strategic partner to acquire a stake from LTAT soon?

Boustead has great potential but our holdings in the company is too much which is not the best practice," she said.

LTAT is the majority shareholder in Boustead with about 69.6% stake.

To date, LTAT investment portfolio comprised of 10% in property development, property investment (5%), unlisted equity (17%), listed companies (60%) and a group of companies (8%).

As of Dec 31, 2018, LTAT has total assets under management amounting to RM9.4 billion.

Posted by Victor Yong > 2019-12-18 16:16 | Report Abuse

Q4,2019 is expected to report profit, for 2019, overall profitable.



Nine-month net loss 92 million was due to impairment loss 123mil earlier as per 3Q,2019 quarterly report :)

Posted by Victor Yong > 2019-12-18 16:22 | Report Abuse

KUALA LUMPUR (Dec 18): Pharmaniaga Logistic Sdn Bhd's pharmaceutical and medical equipment concession contract with the Ministry of Health (MoH), which ended on Nov 30, has been extended for another 25 months to ensure smooth transition to the new company.

Deputy Minister Dr Lee Boon Chye (pictured) said that besides ensuring smooth transition process, which would be made through open tenders, the extension of the contract would also ensure the supply of medicines and medical equipment would not be disrupted.

“Their contract ended on Nov 30 and has been extended for another 25 months to enable the transition. It is important to ensure that the supplies of all 700 types of medicines (supplied by Pharmaniaga) can be made through open tenders and that we will continue getting the supplies.

“In terms of logistics, it has been decided to be extended to five year. So, I think there is no issue of supply of medicines to all facilities under the MoH,” he said in reply to Senator Rahimah Mahamad during question time at the Dewan Negara sitting today.

Posted by Victor Yong > 2019-12-18 16:38 | Report Abuse

Big jump in pharmaniaga share price just now, followed by boustead, the parent company, not reflected yet? :)

Posted by Good123 > 2019-12-18 16:41 | Report Abuse

rasa boustead akan melaporkan keuntungan bagi suku ke 4. kontrak pharmaniaga dilanjutkan melebihi 2 tahun dan logistik pula 5 tahun, luar biasa. boustead akan naik :)

Posted by Good123 > 2019-12-18 16:44 | Report Abuse

pharma dah naik dengan banyak tadi, giliran boustead pula, siapa cepat siapa dapat :p

Posted by Victor Yong > 2019-12-18 20:40 | Report Abuse

BPlant will also contribute to Boustead nowadays :)


https://www.thestar.com.my/business/business-news/2019/12/18/palm-oils-changing-fortunes-signal-brighter-outlook-in-2020#cxrecs_s

Posted by Victor Yong > 2019-12-18 21:01 | Report Abuse

After helping Felda on FGV, now it should be helping LTAT on Boustead :)


Risiko kebergantungan berlebihan dan kesukaran menjual balik saham sejak 2014.

- Terdapat penjualan ketara ke atas saham-saham berpotensi dan peningkatan pegangan oleh LTAT dalam Kumpulan Boustead (BHB) dan syarikat-syarikat di bawah naungannya.

- Ini telah mengakibatkan penumpuan pelaburan yang amat berlebihan oleh LTAT. Pelaburan di dalam Kumpulan BHB telah meningkat sebanyak hampir 50% daripada RM2.1 bilion ke RM3.1 bilion manakala bilangan saham berkaitan meningkat sebanyak lebih 83% daripada 833 juta saham bagi tahun TK2014 ke 1.525 bilion saham bagi TK2018.