Boustead was quiet for most of the day and I wasn't paying much attention to it. Wasn't even aware it had gone up towards the end of trading with good volume until I saw its entrance in the Top 20 with its +22 sen. Now it's not too far from the -CE ex price of 5.40. If the buying continues next week, my 0.01 speculation could bring in a 100% gain:-)
i might not be 100% right but to give a run down on Bstead. a GLIC (controlled by LTAT). well diversified group. core holdings Pharma, Affin,Plantations, REITs, BHIC ( Ship building), Property development, Hotels, BH Petrol and manufacturing.
Pretty good dividend counter but the only fault lies with the strong linkage with ruing party. nothing wrong as Pharma and BHIC is dependent on Government projects.
at 4.70 - 5.00 reasonable discounted price consider total sum of parts valuations at 7.00-8.00. the only concern is election risk but for long term investor . this is secondary.
this is my personal opinion and not any invitations to buy or sell. good luckl
long term investors can wait to buy when lower... not buy now and hope it goes up.. many people misunderstand the meaning of long term investor.. this is my SELL call for bstead...SELL before too late...
comments noted. whichever way we look at the market. election risk? is a on going concern among many investors. until the GE is resolved. our market will continue to under perform. units trust ( open end funds ) is vulnerable to unit holders withdrawal.
unit trusts put into money market or foreign funds now... this stock market is gone....especially for the long term investor... they will suffer the most....
many so called sifus from this site have lost face and lost lots of money like KCLoh and Kcchongnz.. advicing people wrongly and all... so beware of the markets and the so called sifus...
to me buy now...bstead can't drop below RM4.50... buy level Rm4.70 plus dividend (yearly 0.325 to 0.39) better than other stock... stock controlled by ltat....
and zack liza ofcourse you have the right to tell me to get out of malaysia and i3.. ofcourse.. after all your kind of people tell everyone that right???LOL
YES! I was looking at this counter yesterday while reading Bloomberg! I din't make any move this morning. LUCKY YOU abdula, don't hold it for too long, you know BOUSTED trend right?
please check everyday who sell n who buy this stock...so u can determine/predict how far this stock can drop and going up at support level...seriously the support level Bstead at RM5.00...believe or not try buy some volume and hold for 3 to 6 month... good luck everybody...
yes namoyaki...last time we predict MISC a good stock (recommendated price (buy at below RM4.20). now petronas offer RM5.30..so, please check my recomendation for misc... last week dutchlady drop and recommend buy below RM42.00 now RM42.66..(please read my comment)
long term no need worry. strong support. good earning from most subcompany. if cpo price recover, then more better. so, i will buy if any big drop that caused by ge fear factor.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kl foong
421 posts
Posted by kl foong > 2012-11-21 13:03 | Report Abuse
Good stock. Buy without regret. Pay dividend every quater.