Posted by Victor Yong > 2020-01-22 08:10 | Report Abuse

After restructuring felda's fgv, now LTAT's boustead turn probably :)

Universiti Malaya’s Faculty of Economics and Administration Prof Edmund Terence Gomez criticised Pakatan Harapan’s first economic policy – the Shared Prosperity Vision (SPV) 2030 – labelling it as a continuation of the previous New Economic Policy (NEP) 1970-1990.

He said the 10-year economic policy was race-based in nature, although the ruling coalition had clearly stated in its manifesto the necessity to introduce need-based policies.

Gomez added that SPV continued to rely on the bumiputra-non-bumiputra dichotomy, similar to NEP.

“Not only that, the SPV did not mention the government-linked companies (GLCs) and the urgent need for reform GLCs. Only the small and medium enterprises were discussed.

Posted by Victor Yong > 2020-01-22 08:48 | Report Abuse

Boustead will rebound a lot next month after Q4, 2019 result is released.

BHP petrol stations - Up
Pharmaniaga - Up
BPlant - Up (CPO price has risen like crazy)
Affin Bank - Up
BHIC - Up
Gain on disposal, etc

Posted by Victor Yong > 2020-01-22 08:51 | Report Abuse

Boustead's cash cow :)

BHPETROL
RELIABLE. FRIENDLY. PROGRESSIVE.
Boustead Petroleum Marketing Sdn Bhd is a member of the Boustead Group of Companies. Since the launch of BHPetrol in 2005, its unwavering efforts to market and distribute top notch petroleum products have seen the company’s steady expansion across Malaysia. Today, it retails fuel via a network of over 400 service stations under BHPetrol, and market Liquefied Petroleum Gas (LPG) and lubricants product.


DRIVEN BY PASSION TO BRING YOU THE BEST FUEL
Continue striving to provide ever better products and services that allow us to connect and keep connecting with you in new ways that add value to your drive and positive experiences with BHPetrol.

Whether you are an individual, commercial, or industrial customer, you experience every value-added advantage of BHPetrol’s 3 Brand Values:
Consistently RELIABLE products and services
Sincerely FRIENDLY services
Ever PROGRESSIVE technology
Today, we’ve come a long way to greatly advance the marketing and distribution of petroleum products. We retail top-notch fuels via a network of over 400 BHPetrol service stations, efficiently market Syngard Liquefied Petroleum Gas (LPG) and lubricants, and operate over 290 shops within our network of service stations to ensure our customers experience greatly added value above comfort and convenience whenever you drive by.

Our commitment to provide only the best to customers led us to develop Infiniti, the revolutionary fuel incorporating a proprietary additives’ package that not only enhances an engine’s performance and responsiveness, but also provides more mileage.

BHPetrol is committed to bring you the best quality fuels simply because we are passionate about ensuring that Malaysian motorists enjoy the best performance and mileage out of your cars.

​To date, we have over 290 convenience store within our retail service station network, all of which offers a wide range of quality products at top value to ensure customers enjoy a consistently positive impact, as you gain more points you can instantly redeem for an impressive variety of exclusive items from favorite brands.

Posted by Victor Yong > 2020-01-22 08:53 | Report Abuse

Boustead's cash cow :)

BHPETROL - Product range


STATION
Station
Station Locator
Safety at the Station

FUEL
Infiniti RON95 Euro4M & RON97 Euro4M
Infiniti Euro2 & Euro5 Diesel

MART
BHPetromart
Other Services
Promotions
Other Offerings

CARDS & SERVICES
(NEW!) eCard Mobile App
eCard Loyalty Program
X-Fleet Card
AFFINBANK BHPetrol Card
SmartDrive Motor Insurance

LUBES
BHPetrol Lubricants
SynGard
Trans
Dash
Others

LPG
BHPetrogas
Domestic & Commercial Cylinders
Switch to BHPetrogas LPG
Safety at Home
Storage & Distribution

Posted by Victor Yong > 2020-01-22 08:56 | Report Abuse

BPlant will report profit again in Q4, 2019 due to high CPO price :) It would help to boost Boustead's overall profitability. Hopefully, Boustead will declare dividend next month when Q4, 2019 result is released.

Aug 23, 2019

Boustead Plantations back in the black in Q2

Aug 23, 201 9
Disposal gain lifts Boustead Plantations back to profitablity

Aug 23, 2019
Boustead Plantations back in the black

Posted by Victor Yong > 2020-01-22 08:58 | Report Abuse

Turnaround of BPlant will surely boost Boustead's overall profitability. :)

Boustead Plantations Berhad ("BPB") is one of the most experienced and established upstream oil palm plantation company in Malaysia and a subsidiary of Boustead Holdings Berhad ("BHB"), one of Malaysia's oldest and largest diversified conglomerates. Backed by BHB's presence in the plantations business, we have over 100 years of plantations industry experience and over 50 years of oil palm plantation estate management experience.

We are an investment holding company and are involved in the ownership of oil palm plantations. Through our subsidiaries, we are principally involved in the ownership and management of oil palm plantations, cultivation of oil palm and harvesting of its Fresh Fruit Bunches ("FFBs"), and the production and sale of Crude Palm Oil ("CPO") and Palm Kernel ("PK"). We also sell oil palm FFBs and provide mill design and consultancy services. We are also actively involved in oil palm agricultural and agronomic research through our associate company.

We own, co-own or lease a total of 41 oil palm plantation estates and 10 palm oil mills in Malaysia with 19 plantation estates in Peninsular Malaysia, 13 in Sabah and 9 in Sarawak. We own and operate 4 palm oil mills in Peninsular Malaysia, 4 in Sabah and 2 in Sarawak. Our total landbank stands approximately at 82,500 Ha. Out of this total, the area under oil palm cultivation is around 64,500 Ha comprising of 24,900 Ha in Peninsular Malaysia, 27,200 Ha in Sabah and 12,400 Ha in Sarawak.

Our involvement in the plantations business is carried out via our wholly-owned subsidiary, Boustead Estates Agency Sdn Bhd ("BEA"), a central agency which provides a range of services such as the management of all plantation activities within our Group, plantation advisory services for oil palm and rubber crops, plantation engineering services, marketing of plantation produce and agronomic research.

“Whereas our involvement in the oil palm agricultural and agronomic research is through our associate company, Applied Agricultural Resources Sdn Bhd ("AAR"). AAR provides agronomic advisory services and commercial production of oil palm planting materials namely AA Hybrida IS, oil palm hybrid semi-clonal seeds, is produced through a pedigree of selected elite clonal Deli Dura and the Dumpy Yangambi AVROS pisifera. This pisifera is the combination of the highly successful and renowned dumpy characteristic of AAR’s previous hybrid (the Dumpy AVROS) with the high bunch number characteristics of the Yangambi AVROS. The end result is an oil palm variety with 22% more oil yield compared to AAR’s previous AA DxP planting materials. For more information on AA Hybrida IS, please visit AAR website.

AAR-UNMC Biotechnology Research Centre, is a collaboration between AAR and the University of Nottingham Malaysia Campus. This has resulted in a new state-of-the-art biotechnology research centre which is primarily involved in the development of oil palm, with a focus in genetic improvement through modern bio molecular marker techniques. The research areas being explored include the application of Deoxyribonucleic Acid (DNA) finger printing and genetic improvement programmes.overview

The main goals of the research centre are to develop genetic engineering technology to overcome the barriers of introducing new traits into oil palm and speed up the production of new oil palm hybrid with desirable traits, such as high value oil, disease resistance and amenability to mechanise harvesting using marker assisted selection and tissue culture.

The Group's commitment in pursuing sustainable practices is on-going. As of to date the Roundtable on Sustainable Palm Oil certification has been obtained for Sungai Jernih Business Unit and Nak Business Unit which consist of one (1) mill and three (3) estates respectively.

Posted by Victor Yong > 2020-01-22 09:04 | Report Abuse

Q4,2019 results next month will be interesting :) (Jan 21): Average palm oil prices has surged 17.9% this year

takda lagi impairments totalling RM161.3 million.

Friday, 29 Nov 2019

5:08PM BSTEAD Nine-month net loss 92.000 million

Posted by Victor Yong > 2020-01-22 09:18 | Report Abuse

with the virus like H1N1 emerged again, pharmaniaga's share price surged this morning. Expecting more sales for pharmaniaga as hospitals, etc will buy more vaccines, etc , also another company where Boustead has substantial stake. :)

As Malaysia’s largest listed integrated pharmaceutical group, Pharmaniaga Berhad has blazed a trail within the healthcare industry as a provider of quality products and services. Listed on the Main Board of Bursa Malaysia and having established itself as a leader in the local market, Pharmaniaga also has a growing global presence.

As part of our drive to become a total integrated healthcare solutions provider, our core businesses span across a wide spectrum of the industry. This includes logistics and distribution, manufacturing of generic pharmaceuticals, sales and marketing, as well as distribution of medical products and hospital equipment. Drawing upon the synergies of these activities, Pharmaniaga has expanded its reach to Malaysians through the establishment of community pharmacy.

The heart of our corporate philosophy is driven by our motto, Passion for Patients. Above all, we emphasise on delivering our promises to our clients with the highest standards of excellence, as we seek to create a lasting legacy of doing business with a conscience.

Vision
The preferred pharmaceutical brand in regional markets.

Mission
Provide quality products and superior services by professional, committed and caring employees.

Posted by Good123 > 2020-01-22 09:25 | Report Abuse

time to grab some . :)

Posted by Good123 > 2020-01-22 09:26 | Report Abuse

next month, probably report overall profitability for 2019 and declare dividend, share price will exceed rm1

Posted by Good123 > 2020-01-22 09:27 | Report Abuse

based on P/B, cheapest conglomerate GLC :)

Posted by Good123 > 2020-01-22 09:28 | Report Abuse

LTAT needs money to fund army retirement, this year, boustead will pay dividend again

Posted by Victor Yong > 2020-01-22 09:51 | Report Abuse

:)

52 Weeks Range: 0.915 - 1.60

Posted by terence775 > 2020-02-06 17:24 | Report Abuse

Finally threw away all my holdings of this company. I bought at over RM 2, thinking, hoping, believing, that the management can turn around. In the end, I decided this is a useless company and, despite more than 50% losses, I'll just bite the pain and move on. I pray everyone good luck and wealth wherever you all go.

Posted by Gala Kat > 2020-02-12 12:25 | Report Abuse

Since PH came into power, what have these bunch of incompetent ' gaji buta ' morons up at the board shown or done to uplift the performance of the company ? Clearly, glorious days are over for this ' waiting to be spoon fed ' counter or rather ... parasite !

Posted by SuperPanda > 2020-02-17 23:27 | Report Abuse

will buy this week below 90c, keep for 3 years will earn >100%

Posted by shpg22 > 2020-02-19 11:20 | Report Abuse

Buy rubbish get punished applied for all badly managed company like Boustead.

Posted by SuperPanda > 2020-02-19 13:09 | Report Abuse

same fate like FGV, local GLC problem with bribes/contracts issue, but for traders like us, buy low and sell high later, FGV those bought below 90c already profit a lot

Posted by Alfonso > 2020-03-03 16:41 | Report Abuse

this noobie co. will be up again since bosskur is coming bc, stay tune!

Posted by James Ng > 2020-04-06 12:27 | Report Abuse

https://klse.i3investor.com/blogs/general/2020-04-06-story-h1485819049.jsp
[转贴] [BOUSTEAD HOLDINGS BHD：由于预期作物产量降低和全球需求增加，预计CPO价格将在2020年上半年提高；在此之后，价格预计将放缓，但仍将比2019年更有利] - James的股票投资James Share Investing

Posted by Live4Tea > 2020-04-15 10:44 | Report Abuse

Sell first. Wait for below 0.40 to pick up. No rush this counter full of multi billion debt technically bankrupt. Play like Pilecon became less than 0.10 then only can make money.

Posted by Live4Tea > 2020-04-16 10:48 | Report Abuse

Looking at the results maybe revise lower safer wait for below 0,35 before collect some. This company can PN 17 on the ratios. Then its a penny stock. Careful.

Posted by Live4Tea > 2020-04-17 14:53 | Report Abuse

Falling down to close for long weekend. Stay liquid.

Posted by brutusbeefcake > 2020-04-20 12:37 | Report Abuse

ramainya promote this counter.

I sudah beli banyak at 39 cents.

Posted by Gala Kat > 2020-04-20 12:49 | Report Abuse

Incompetent management always waiting to be fed ...like parasite !

Posted by Live4Tea > 2020-04-20 19:57 | Report Abuse

Sell fast. In case announcement illiquid or bankrupt. Looks like PN 17. Be careful. Really looks like a goner.

Posted by Lucky81 > 2020-04-20 20:03 | Report Abuse

yes,affin bank, pharmaniaga,bplant, bhp,bhic all will bankrupt.

Posted by Lucky81 > 2020-04-20 20:04 | Report Abuse

gone case.

Posted by Live4Tea > 2020-04-23 14:52 | Report Abuse

All that goreng still stuck.Like parasite sure die. After fat cats exit completed, will fall fast. Sell first. like Gala Kat say Incompetent management. So can't buy on the way down. Can't average down. Sell first.

Posted by Victor Yong > 2020-04-30 14:55 | Report Abuse

have a look at boustead :)

52 Weeks Range: 0.345 - 1.29
52 Weeks Price Volatility (%):
11.11%
Average Price Target: 0.90
Price Target Upside/Downside: +0.45

Posted by Victor Yong > 2020-04-30 14:57 | Report Abuse

After FGV for felda settlers, time for Boustead to help the army (LTAT) haha

Posted by Lucky81 > 2020-04-30 14:58 | Report Abuse

kaput ady, hehehe.

Posted by Victor Yong > 2020-04-30 15:09 | Report Abuse

Inside Boustead:

1) BHP
2) Affin Bank
3) BPlant
4) BHIC
5) Pharmaniaga

etc

net assets per share RM1.8+

Posted by Victor Yong > 2020-04-30 15:15 | Report Abuse

Particulars of Shareholder 36

Name : LEMBAGA TABUNG ANGKATAN TENTERA
NRIC/Passport No./Company No. : ACT1011973
Nationality/Country of Incorporation : Malaysia

Address:
Tingkat 10-12, Bangunan LTAT Jalan Bukit Bintang 55100 Kuala Lumpur WilayahPersekutuan Malaysia



No of Shares Held After Changes:
Direct : 1,204,752,018 shares (59.4360%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 1,204,752,018 shares

Remarks:
The total number of 1,204,752,018 ordinary shares comprising of thefollowing:-1. LTAT - 1,204,477,218 shares2. Maybank Nominees - 135,000 shares3.SSBT - 139,800 sharesYou are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:



14/01/2020 07:00 AM

Posted by Victor Yong > 2020-04-30 15:15 | Report Abuse

Expecting Boustead like FGV, probably double in share price by year end or earlier :)

Posted by Victor Yong > 2020-04-30 15:20 | Report Abuse

potential to rebound is great e.g. pharmiaga is doing well due to the virus, selling more to hospitals, etc, average cpo price is better this year than 2019, affin is a potential target for disposal or merger, BHP is another potential target for divestment, bplant should be much better this year, etc.

Posted by Victor Yong > 2020-04-30 15:21 | Report Abuse

PH helps the FGV for the felda settlers, probably PN would help Boustead for LTAT :)

Posted by Victor Yong > 2020-04-30 15:22 | Report Abuse

P/B = 0.455/1.85 ~ 0.25 only

Posted by Victor Yong > 2020-04-30 15:24 | Report Abuse

2771 BSTEAD BOUSTEAD HOLDINGS BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Particulars of Shareholder 36

Name : EMPLOYEES PROVIDENT FUND BOARD
NRIC/Passport No./Company No. : EPF ACT 1991
Nationality/Country of Incorporation : Malaysia

Address:
Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur WilayahPersekutuan Malaysia




No of Shares Held After Changes:
Direct : 101,097,148 shares (4.9880%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 101,097,148 shares

Remarks:
The total number of 101,097,148 ordinary shares comprising of thefollowing:-1. EPF - 96,026,678 shares2. EPF AH - 5,067,470 sharesYou are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:



13/01/2020 07:00 AM

Posted by Victor Yong > 2020-04-30 15:32 | Report Abuse

hopefully, this year, dividend will be paid again... LTAT and EPF are the major shareholders


Ann. Date
Ex Date
Type
Subject
Amount
View
30-Nov-2018 13-Dec-2018 DIVIDEND Interim Dividend RM 0.015 Dividend Detail
29-Aug-2018 19-Sep-2018 DIVIDEND Second interim dividend RM 0.01 Dividend Detail
31-May-2018 13-Jun-2018 DIVIDEND First Interim Dividend RM 0.025 Dividend Detail
28-Feb-2018 13-Mar-2018 DIVIDEND Interim Dividend RM 0.025 Dividend Detail
30-Nov-2017 14-Dec-2017 DIVIDEND Interim Dividend RM 0.03 Dividend Detail
30-Aug-2017 14-Sep-2017 DIVIDEND Second interim dividend RM 0.03 Dividend Detail
29-May-2017 13-Jun-2017 DIVIDEND First Interim Dividend RM 0.025 Dividend Detail
28-Feb-2017 14-Mar-2017 DIVIDEND Interim Dividend RM 0.035 Dividend Detail
30-Nov-2016 13-Dec-2016 DIVIDEND Interim Dividend RM 0.05 Dividend Detail
24-Aug-2016 09-Sep-2016 DIVIDEND Second interim dividend RM 0.04 Dividend Detail
29-Jun-2016 12-Jul-2016 BONUS_ISSUE Bonus Issue 2 : 5 Dividend Detail
25-May-2016 08-Jun-2016 DIVIDEND First Interim Dividend RM 0.0500 Dividend Detail
10-May-2016 20-May-2016 RIGHTS_ISSUE Rights Issue 2 : 5 Dividend Detail
29-Feb-2016 29-Mar-2016 DIVIDEND Interim Dividend RM 0.0400 Dividend Detail
30-Nov-2015 22-Dec-2015 DIVIDEND Interim Dividend RM 0.0600 Dividend Detail
24-Aug-2015 15-Sep-2015 DIVIDEND Second interim dividend RM 0.0500 Dividend Detail
25-May-2015 15-Jun-2015 DIVIDEND First Interim Dividend RM 0.0500 Dividend Detail
27-Feb-2015 17-Mar-2015 DIVIDEND Interim Dividend RM 0.05 Dividend Detail
27-Nov-2014 12-Dec-2014 DIVIDEND Interim Dividend RM 0.06 Dividend Detail
25-Aug-2014 11-Sep-2014 DIVIDEND Interim Dividend RM 0.075 Dividend Detail
26-May-2014 12-Jun-2014 DIVIDEND First Interim Dividend RM 0.075 Dividend Detail
08-May-2014 21-May-2014 IPO Entitlement to IPO 0 : 0 Dividend Detail
27-Feb-2014 13-Mar-2014 DIVIDEND Interim Dividend RM 0.075 Dividend Detail
29-Nov-2013 17-Dec-2013 DIVIDEND Interim Dividend RM 0.075 Dividend Detail
21-Aug-2013 11-Sep-2013 DIVIDEND Second interim dividend RM 0.075 Dividend Detail

Posted by Victor Yong > 2020-04-30 15:52 | Report Abuse

So much cash raised not used yet :)


OTHERS BOUSTEAD HOLDINGS BERHAD ("BHB" OR "COMPANY") VARIATION OF THE UTILISATION OF PROCEEDS RAISED FROM RIGHTS ISSUE
BOUSTEAD HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description BOUSTEAD HOLDINGS BERHAD ("BHB" OR "COMPANY")

VARIATION OF THE UTILISATION OF PROCEEDS RAISED FROM RIGHTS ISSUE
We refer to the circular to the shareholders of the Company dated 11 March 2016 (“Circular”), abridged prospectus dated 24 May 2016 (“Abridged Prospectus”) and announcements dated 15 June 2016, 21 June 2016, 23 June 2016 and 29 August 2018 in relation to the Rights Issue. Unless otherwise defined, the definitions set out in the Abridged Prospectus shall apply herein.



On 29 August 2018, the Board announced to Bursa Securities that the Group has yet to fully utilise the proceeds raised from the Rights Issue earmarked for property development activities within the expected timeframe of 24 months from the date of listing of the Rights Shares on 23 June 2016. As at 22 June 2018, approximately RM408.0 million allocated for the property development activities has yet to be utilised. The Board had then resolved to extend further the time frame for the utilisation of the said proceeds for another 19 months from 23 June 2018 until 31 December 2019 to provide additional time for the Group to utilise the balance of proceeds for property development activities.



The Board wishes to inform that as at 31 December 2019, approximately RM196.0 million allocated for the property development activities has yet to be utilised within the expected time frame. The Board has therefore resolved the following:



(i) to vary the utilisation of the balance of proceeds allocated for the property development activities in relation to the acquisition of lands for future development and construction of a hotel in Port Klang, Selangor Darul Ehsan for the following:



(a) repayment of the Group’s bank borrowings; and



(b) working capital, in addition to the infrastructure works, for the Group’s property development projects,



(collectively referred to as the “Revised Utilisation of Proceeds”), and



(ii) to extend further the time frame for the Revised Utilisation of Proceeds for a period of 12 months from 1 January 2020 until 31 December 2020 to provide additional time for the Group to utilise the balance of proceeds for the purposes set out in (i) above.



For further details of the Revised Utilisation of Proceeds, please refer to the attachment.



This announcement is dated 28 February 2020

Posted by Victor Yong > 2020-04-30 16:06 | Report Abuse

Bhic will improve with new CEO.

In a statement, BHIC said Sharifuddin was formerly the CEO of Orkim Sdn Bhd, an investing company of Ekuinas providing tanker shipping service in the Asia-Pacific region.(Filepic shows BHIC's shipyard)

KUALA LUMPUR: BOUSTEAD HEAVY INDUSTRIES CORPBhd (BHIC) has appointed Sharifuddin Md Zaini Al-Manaf as its new CEO, effective yesterday (April 1).

In a statement, BHIC said Sharifuddin was formerly the CEO of Orkim Sdn Bhd, an investing company of Ekuinas providing tanker shipping service in the Asia-Pacific region.

He hold a bachelor’s degree in aeronautical engineering from Imperial College London and brings to Boustead a wealth of management experience amassed over more than 20 years working in the oil and gas and the shipping industries.

“BHIC is confident that with his experience and management capabilities, Sharifuddin will steer the organization through these challenging times and navigate it towards a path of profitability and growth, ” it said.

Posted by Victor Yong > 2020-04-30 16:08 | Report Abuse

Bhic's Q1, 2020 should perform better

KUALA LUMPUR (Jan 2): Boustead Heavy Industries Corporation Bhd’s (BHIC) associate company Boustead Naval Shipyard Sdn Bhd (BNS) has delivered to the Royal Malaysian Navy (RMN), the first of four littoral mission ships (LMS) it was commissioned to build.

Defence Ministry undersecretary (Procurement Division) Datuk Ahmad Hussaini Abdul Rahman received LMS1, ‘KERIS’, witnessed by RMN Eastern Fleet commander Datuk Syed Zahrul Putra Syed Abdullah and BHIC chief executive officer Ir Ee Teck Chee.

BNS signed a procurement contract with the government on March 23, 2017 to build four LMS in partnership with China Shipbuilding and Offshore International Corporation Ltd in China.

In a statement, the group said the LMS is capable of operating in multi-mission roles and in all weather conditions.

With a length of 68 metres and a maximum speed of 22 knots, the LMS has a complement of 45 crew members plus 16 personnel on detachments, and an endurance of 15 days at sea, it said.

Meanwhile, BHIC non-executive chairman, admiral (rtd) Tan Sri Ramlan Mohamed Ali said the close collaboration between BNS and RMN’s LMS project teams and the skills and capabilities of the personnel had contributed to the timely delivery of KERIS and smooth progress of the project.

“All milestones of KERIS, leading to its handover, have been met according to schedule, from the First Steel Cut on July 31, 2018 to its Keel-Laying on Oct 23, 2018 and to its launching on April 15, 2019,” he added.

Posted by Victor Yong > 2020-04-30 16:11 | Report Abuse

BPlant should be + this year

We upgrade TSH and Boustead Plantations(BPlant) to Buys (from Holds), and Sarawak Oil Palms(SOP) to Hold (from Sell) given recent sharp share price retracements as our EPS and TP remain unchanged, ” it said.

Commenting the 4Q19 results, it said this was the first industry wide YoY net profit recovery. Overall, it expects upstream planters to record much stronger YoY 4Q19 core profits.

On a QoQ basis, Sabah-based planters should exhibit the strongest profit growth. This follows a spike in spot CPO ASP of RM2,484/t (+29% YoY, +23% QoQ) and palm kernel ASP of RM1,454/t (+1% YoY, +25% QoQ) in 4Q19 which offsets the weaker output.

Maybank IB Research said the latest Malaysia Palm Oil Board’s (MPOB) statistics revealed a sharp dip in 4Q19 output to 4.67mt (-17% YoY, -14% QoQ).

Peninsular Malaysia which recorded very strong output in 1Q-3Q19 had the biggest YoY and QoQ decline in 4Q19 at 2.28mt (-22% YoY, -21% QoQ) while Sarawak reported the least YoY decline (-5% YoY, -14% QoQ). And while Sabah recorded a 17% YoY decline in output, it recorded a +5% QoQ growth.

“It is rather tricky to guess the performance of the refiners in 4Q19 although we expect most to report positive margins unless they aggressively sold forward when CPO price trended up.

“The overall refinery utilisation rate (UR) in 4Q19 fell to just 71% (3Q19: 75%, 4Q18: 74%; Fig.9-10), which typically translate to lower margins. But the lower utilization rate should be offset by inventory gains in 4Q19 as CPO price spiked.

“However, the unknown concern is whether refiners (or their trading arms) aggressively enter into forward contracts during the uptrend. Under the accounting rules, companies with locked-in forward sales at prices below that of the last day of 4Q19 will likely report mark-to-market FV losses on FI in 4Q19, ” it said.

The research house pointed out 2019’s CPO price happens to peak on the last day of 2019. Likewise, it also expects the oleochemical players (such as IOI and KLK) to enjoy another quarter of decent margins in 4Q19 but likely to be lower QoQ evidenced by the lower average industry plant utilisation rate of 96% (3Q19: 105%, 4Q18: 98%).

“In a CPO price recovery, purer upstream planters will tend to report better earnings recovery relative to integrated players.

“For 4Q19, we believe purer Sabah and Sarawak based planters, and those with presence in Kalimantan should outperform peers.

“For companies with high US$ debt exposure such as IOI and TSH, we expect their bottoms line to be lifted by unrealised forex gain as the ringgit and rupiah strengthened by 2.3% against US$ in 4Q19. Our CPO ASP forecast for 2020 is unchanged at RM2,300/t, ” it said.

Posted by Victor Yong > 2020-04-30 16:13 | Report Abuse

Pharma is expected to deliver results this year too


For the healthcare sector, its picks are Pharmaniaga Bhd(pic) and UEM Edgenta Bhd, while its top choices for the technology sector are Inari Amertron Bhd and Unisem (M) Bhd.

PETALING JAYA: With Bursa Malaysia anticipated to witness choppy times ahead, a research house has advised investors to focus on three key areas – healthcare, technology and net cash and dividend yielders.

Advocating a strategy of “certainty in uncertain times, HLIB Retail Research noted that the healthcare sector will see demand improve due to the Covid-19 pandemic, while the technology sector will benefit from the unavoidable transition from 4G to 5G.

Net cash and dividend yielders, meanwhile, will have the ability to sail through the current trying times, it said in a report yesterday.

For the healthcare sector, its picks are Pharmaniaga Bhdand UEM EDGENTA BHD, while its top choices for the technology sector are INARI AMERTRON BHD(pic below) and UNISEM (M) BHD.

In the healthcare space, the research house noted that the gloves sector was likely to do well in FY20 given the higher demand owing to the pandemic.

In addition, it said the recent Prihatin economic stimulus package, which involved a RM1.5bil allocation for the healthcare system, would bode well for companies like Pharmaniaga and UEM Edgenta.

Posted by Victor Yong > 2020-04-30 16:18 | Report Abuse

Pharnaniaga will make huge profit if distribute such vaccine to the hospitals here

Virus vaccine research

In the race to develop a vaccine to end the COVID-19 pandemic, governments, charities and Big Pharma firms are sinking billions of dollars into bets with extraordinarily low odds of success.

They’re fast-tracking the testing and regulatory review of vaccines with no guarantee they will prove effective. They’re building and re-tooling plants for vaccines with slim chances of being approved. They’re placing orders for vaccines that, in the end, are unlikely to be produced

Posted by Victor Yong > 2020-04-30 16:19 | Report Abuse

THE government’s plan to appoint members of parliament (MPs) to helm government-linked companies (GLCs) may not be such a straightforward task, sources familiar with the matter tell The Edge. It is understood that some GLCs have measures in place to prevent such appointments

What about banks?

Another hurdle that may crop up is the appointment of MPs to banks and financial institutions, which are governed by Bank Negara Malaysia’s “fit and proper” rules.

Under the fit-and-proper criteria, Bank Negara says “members of the board and senior management of financial institutions provide strategic leadership that influences the financial position and future direction of a financial institution. As such, persons in these positions must have the necessary qualities, competencies and experience that will allow them to perform the duties and carry out the responsibilities required of the position in the most effective manner.”

Banks that fall into the GLC category include pilgrim fund Lembaga Tabung Haji’s 53.82% unit, BIMB Holdings Bhd, which controls Bank Islam. BIMB has a 59.45% interest in publicly traded Syarikat Takaful Malaysia Keluarga Bhd.

Armed forces fund Lembaga Tabung Angkatan Tentera has 35.51% direct interest in Affin Bank Bhd and another 20.73% held under its 59.45%-controlled Boustead Holdings Bhd.

Meanwhile, Khazanah Nasional Bhd has a 23.77% stake in CIMB Group Holdings Bhd; Permodalan Nasional Bhd has a controlling stake of 48.23% in Malayan Banking Bhd; and the Employees Provident Fund holds 41.72% interest RHB Bank Bhd.

Posted by Victor Yong > 2020-04-30 16:58 | Report Abuse

History - direct biz transactions

Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
12/12/2019 00:00:00 0.8500 -0.0900 600,000 600,000 510,000 510,000 0.8500 0.0296 -
10/07/2019 00:00:00 1.2100 0.0200 45,400 45,400 54,934 54,934 1.2100 0.0022 -
13/12/2017 00:00:00 2.8500 -0.1000 30.000m 30.000m 85.500m 85.500m 2.8500 1.4800 -
04/12/2017 00:00:00 2.8500 -0.1500 35.000m 35.000m 99.750m 99.750m 2.8500 1.7267 -
21/11/2017 00:00:00 3.0000 - 10.000m 10.000m 30.000m 30.000m 3.0000 0.4933 -
10/11/2017 00:00:00 2.5600 -0.4500 370,000 370,000 947,200 947,200 2.5600 0.0183 -
10/07/2017 00:00:00 2.1800 -0.4200 98,000 98,000 213,640 213,640 2.1800 0.0048 -
16/03/2017 00:00:00 2.5000 -0.2500 10,000 10,000 25,000 25,000 2.5000 0.0005 -
03/03/2017 00:00:00 2.5500 -0.2800 10,000 10,000 25,500 25,500 2.5500 0.0005 -
28/12/2016 00:00:00 2.6030 0.0330 23.000m 23.000m 59.869m 59.869m 2.6030 1.1347 -
27/12/2016 00:00:00 2.4000 -0.1500 34,000 53.034m 81,600 130.382m 2.4585 0.0017 -
27/12/2016 00:00:00 2.3500 -0.2000 30.000m 53.034m 70.500m 130.382m 2.4585 1.4800 -
27/12/2016 00:00:00 2.6000 0.0500 23.000m 53.034m 59.800m 130.382m 2.4585 1.1347 -
10/10/2016 00:00:00 2.1600 0.0100 10,000 123,000 21,600 265,680 2.1600 0.0005 -
10/10/2016 00:00:00 2.1600 0.0100 10,000 123,000 21,600 265,680 2.1600 0.0005 -
10/10/2016 00:00:00 2.1600 0.0100 17,000 123,000 36,720 265,680 2.1600 0.0008 -
10/10/2016 00:00:00 2.1600 0.0100 22,000 123,000 47,520 265,680 2.1600 0.0011 -
10/10/2016 00:00:00 2.1600 0.0100 64,000 123,000 138,240 265,680 2.1600 0.0032 -
12/08/2016 00:00:00 2.0900 - 900,806 900,806 1.883m 1.883m 2.0900 0.0444 -
21/06/2016 00:00:00 2.7200 0.0600 152,500 152,500 414,800 414,800 2.7200 0.0105 -
20/06/2016 00:00:00 2.7420 0.0520 2.650m 2.650m 7.267m 7.267m 2.7420 0.1830 -
25/03/2016 00:00:00 4.0800 0.1600 9.700m 9.700m 39.576m 39.576m 4.0800 0.9379 -
01/03/2016 00:00:00 4.0800 - 2.100m 2.100m 8.568m 8.568m 4.0800 0.2031 -
29/02/2016 00:00:00 4.0800 - 3.300m 3.300m 13.464m 13.464m 4.0800 0.3191 -
26/02/2016 00:00:00 4.0800 0.0600 2.900m 2.900m 11.832m 11.832m 4.0800 0.2804 -
30/12/2015 00:00:00 4.0000 0.1000 8.000m 8.000m 32.000m 32.000m 4.0000 0.7736 -
22/12/2015 00:00:00 4.0000 0.0800 10.000m 10.000m 40.000m 40.000m 4.0000 0.9670 -
09/12/2015 00:00:00 3.4400 -0.5600 95,000 189,970 326,800 653,497 3.4400 0.0092 -
09/12/2015 00:00:00 3.4400 -0.5600 94,970 189,970 326,697 653,497 3.4400 0.0092 -
21/08/2015 00:00:00 4.6600 0.4600 10.000m 10.000m 46.600m 46.600m 4.6600 0.9670 -
15/04/2015 00:00:00 4.5000 -0.1000 10.000m 10.000m 45.000m 45.000m 4.5000 0.9670 -
07/01/2015 00:00:00 4.8200 0.2200 9.900m 9.900m 47.718m 47.718m 4.8200 0.9573 -
30/12/2014 00:00:00 4.8200 0.0500 10.800m 10.800m 52.056m 52.056m 4.8200 1.0443 -
24/12/2014 00:00:00 4.7500 -0.0400 20.700m 20.700m 98.325m 98.325m 4.7500 2.0016 -
24/10/2014 00:00:00 5.0700 -0.0700 49,200 49,280 249,444 249,850 5.0700 0.0048 -
24/10/2014 00:00:00 5.0750 -0.0650 80 49,280 406 249,850 5.0700 0.0000 -
02/09/2014 00:00:00 5.1600 - 6,000 6,000 30,960 30,960 5.1600 0.0006 -
23/04/2014 00:00:00 5.5510 0.0410 125,000 125,000 693,875 693,875 5.5510 0.0121 -
28/03/2014 00:00:00 5.3700 -0.0100 5.000m 5.000m 26.850m 26.850m 5.3700 0.4835 -
26/03/2014 00:00:00 5.3500 - 15,000 15,000 80,250 80,250 5.3500 0.0015 -
13/01/2014 00:00:00 5.6120 0.0220 25,000 25,000 140,300 140,300 5.6120 0.0024 -
26/12/2013 00:00:00 5.5000 0.0200 100,000 100,000 550,000 550,000 5.5000 0.0097 -
09/07/2013 00:00:00 5.1600 -0.0400 19.300m 19.300m 99.588m 99.588m 5.1600 1.8662 Cross Trade
24/06/2013 00:00:00 5.1700 -0.0300 11,000 11,000 56,870 56,870 5.1700 0.0011 Cross Trade
05/10/2012 00:00:00 5.0800 0.0500 443,100 443,100 2.251m 2.251m 5.0800 0.0428 Cross Trade
21/09/2012 00:00:00 4.3000 -0.6900 10,000 10,000 43,000 43,000 4.3000 0.0010 Cross Trade
26/07/2012 00:00:00 5.4201 -0.0399 3,190 3,190 17,290 17,290 5.4201 0.0003 Cross Trade
04/06/2012 00:00:00 4.3500 -0.7700 421,460 421,460 1.833m 1.833m 4.3500 0.0408 Cross Trade
01/06/2012 00:00:00 4.4000 -0.7000 30,080 30,080 132,352 132,352 4.4000 0.0029 -
22/05/2012 00:00:00 4.2600 -0.7300 7,370 7,370 31,396 31,396 4.2600 0.0007 Cross Trade
02/05/2012 00:00:00 4.4701 -0.7599 3,080 3,080 13,768 13,768 4.4701 0.0003 Cross Trade
26/04/2012 00:00:00 4.5201 -0.7799 3,080 3,080 13,922 13,922 4.5201 0.0003 Cross Trade
06/03/2012 00:00:00 5.6700 -0.0100 865,000 865,000 4.905m 4.905m 5.6700 0.0836 Cross Trade
05/03/2012 00:00:00 5.6800 0.0100 900,000 900,000 5.112m 5.112m 5.6800 0.0870 Cross Trade
30/06/2011 16:29:46 5.1400 -0.9000 88,666 88,666 455,743 455,743 5.1400 0.0094 Cross Trade
22/02/2011 16:15:07 5.6500 0.0500 137,000 137,000 774,050 774,050 5.6500 0.0146 Cross Trade
08/02/2011 14:42:03 5.9500 0.1000 1.280m 1.280m 7.616m 7.616m 5.9500 0.1361 Cross Trade
31/01/2011 16:34:15 5.7800 0.1400 150,000 150,000 867,000 867,000 5.7800 0.0160 Cross Trade

Posted by Victor Yong > 2020-04-30 17:11 | Report Abuse

after making all the impairments, etc... surely, much stronger and resilient now.

say, take the average, should be ~ 82sen , dont be greedy :)

52 Weeks Range: 0.345 - 1.29

Posted by Victor Yong > 2020-04-30 17:13 | Report Abuse

This is a diversified conglomerate and also a GLC. LTAT is the largest shareholder ~60% , EPF~5%


It should rebound pretty soon, all the best! :)


Business Background
Boustead Holdings Bhd is a Malaysia-based conglomerate. The company operates in six segments. The plantation division primarily involves the planting of oil palm and processing of crude palm oil. The heavy industries division primarily involves shipbuilding, fabrication of offshore structures, and vessel restoration and maintenance. The property division primarily involves real estate development and leasing, as well as hotel operation. The finance and investment division comprises the company's investing activities. The pharmaceutical division manufactures, trades, and markets pharmaceutical products. The trading and industrial division primarily operates a petrol station network and manufactures and trades building materials.