Posted by SuperPanda > 2020-05-28 19:10 | Report Abuse

buy follow trend

Posted by SuperPanda > 2020-05-28 19:10 | Report Abuse

To recap, Bloomberg yesterday, quoting unnamed sources, reported that LTAT, which holds a 59% stake in Boustead, was mulling to take the conglomerate that has four listed subsidiaries under its belt private.

According to Bloomberg, LTAT has secured a loan for the privatisation exercise. However, it said the discussions are still in the early stages; there is no concrete decision made.

Judging by the group’s assets, the current market valuation of Boustead, the main contributor to LTAT’s dividend income, appears to be substantially undervalued. Its net asset per share was at RM1.85 as at end-2019, nearly triple the market price.

Nonetheless, it is worth noting that the conglomerate’s total borrowings amounted to RM7.91 billion as at end-2019.

Boustead holds equity interest in four publicly listed companies — Affin Bank Bhd, Boustead Plantations Bhd, Boustead Heavy Industries Corp Bhd (BHIC) and Pharmaniaga Bhd, all of which its parent LTAT also holds a stake.

Some quarters commented a privatisation exercise will enable LTAT to tighten its grip on these listed companies.

For instance, Boustead holds a 20.73% stake in Affin Bank; it is the third largest shareholder after LTAT, which is the largest stakeholder with a 35.33% stake, and Bank of East Asia (23.56%).

Over at Boustead Plantations Bhd, Boustead is the planter’s largest shareholder, controlling a 57.42% stake as of April 30. LTAT is the second-largest shareholder, controlling a 12.10% stake.

Boustead holds a controlling 65% stake in BHIC. According to its 2018 annual report, Boustead Holdings holds the largest stake in BHIC, followed by LTAT with 8.16%.

At Pharmaniaga, Boustead holds 56.09% while LTAT owns an 11.23% stake.

Posted by SuperPanda > 2020-05-28 19:16 | Report Abuse

NAP 1.85 three times its current price, bring to private would be the main reason the stock surge

Posted by Belisto Skrang > 2020-05-28 19:35 | Report Abuse

LTAT offer price 80 cents to take Boustead privately

Posted by SuperPanda > 2020-05-28 19:52 | Report Abuse

https://www.theedgemarkets.com/article/ltat-confirms-it-considering-taking-boustead-private

Posted by SuperPanda > 2020-05-28 19:52 | Report Abuse

80c is a very good news ! tomorrow sure will break 70c again

Posted by Belisto Skrang > 2020-05-28 20:04 | Report Abuse

Why limit down lol.. u must be jealous.

Posted by gdrgnz > 2020-05-28 20:14 | Report Abuse

Limit down? Sure limit up tomolo.. u wont have chance to buy cheaper...

Posted by pennywise2308 > 2020-05-28 20:28 | Report Abuse

While waiting to finalise, take profit first lor...if limit down then buy somemore lor.. bursa where got fundamental these days!

Posted by Ahmadahmad88 > 2020-05-28 20:30 | Report Abuse

macam mana 80 sen boleh limiy down?

Posted by Ahmadahmad88 > 2020-05-28 20:30 | Report Abuse

tapi harga ini susah mahu privatise.

Posted by bignate2019 > 2020-05-28 20:31 | Report Abuse

I think LTAT just want to test the water. Of course shareholder won't sell at 80 sen as the NTA is more than RM1.80. Please remember, under Boustead, you have plantation, heavy engineering, bank and pharmaceutical. It makes sense for LTAT to take private. Now the issue is at what price?

My view is for short-term trader, can take profit and for more challenging investor, can hold and wait for the further announcement. If let say, the price is stuck at 80 sen for quite sometimes, I am sure LTAT will offer higher price, maybe another 30% (i.e. RM1.05) after this.

Posted by Ahmadahmad88 > 2020-05-28 20:40 | Report Abuse

bodoh ltat

Posted by SuperPanda > 2020-05-28 20:49 | Report Abuse

those bought earlier can watch the show tomorrow to see buy and sell fighting each other

my ave .51

Posted by cheoky > 2020-05-28 21:00 | Report Abuse

Limit up 180

Posted by NAZR92 > 2020-05-28 21:05 | Report Abuse

It is so funny some people keep undermining the counter yet the stock market still going strong day by day. Just enjoy the ride uguys. hha!

Posted by Ahmadahmad88 > 2020-05-28 21:07 | Report Abuse

average saya hari ini rm0.64 tapi tak banyak share, tengok esok macammana.

Posted by gdrgnz > 2020-05-28 21:10 | Report Abuse

all in

Posted by Jerry Yip > 2020-05-28 21:29 | Report Abuse

macam hwgb buy buy

Posted by SuperPanda > 2020-05-28 21:32 | Report Abuse

joke of today
______________
Kareemabduljabbar Limit down 42 cts

Posted by Jerry Yip > 2020-05-28 23:03 | Report Abuse

limit up

Posted by abcb > 2020-05-28 23:04 | Report Abuse

Waiting for final decision and the privatisation plan will go through smoothly

Posted by abcb > 2020-05-28 23:24 | Report Abuse

The share price of Bstead will hit to above 1.00 very soon

Posted by CUTLOST > 2020-05-28 23:44 | Report Abuse

Sell on news

Posted by Jerry Yip > 2020-05-28 23:47 | Report Abuse

goodnews

Posted by smartag > 2020-05-28 23:48 | Report Abuse

Let's push the share price above 0.80

Posted by SuperPanda > 2020-05-29 06:57 | Report Abuse

panic buy mode at open, will buy some to ave up and earn more

Posted by abcb > 2020-05-29 07:01 | Report Abuse

Pre opening price will start at 0.72 and will continue uptrend.........

Posted by abcb > 2020-05-29 07:02 | Report Abuse

Hold tide for this counter

Posted by SuperPanda > 2020-05-29 07:55 | Report Abuse

• BSTEAD gained 8.0 sen (+15.69%) to close at RM0.590 yesterday
• Chart-wise, the stock continued to close higher after breaking above 20 and 50 days SMAs few days ago, supported by higherthan-average trading volume.
• Coupled with bullish signal from MACD, we believe the stock could trend higher.
• Should the bullish momentum persist, resistance levels are identified at RM0.715 (R1) and RM0.825 (R2).

Posted by SuperPanda > 2020-05-29 07:58 | Report Abuse

above was posted for 27th May chart, resistance R1 .715, R2 .825

if R1 broken, price will stay above .70 today

Posted by Smallretailer > 2020-05-29 08:07 | Report Abuse

Daylight robbery offer at 0.80 for privatisation. Should at least be 1.50!!

Posted by Jerry Yip > 2020-05-29 08:33 | Report Abuse

privatisation gogogo

Posted by makelittlemoney > 2020-05-29 08:35 | Report Abuse

for those buy at high price.. waiting to die.

Posted by williamtkb > 2020-05-29 08:35 | Report Abuse

Ltat just want us to pushing up share price for them. If want to buy 80cents, why below 60cents don't come out money to buy from open market? Later will said majority refuse to accept the offer, privatize call off.

Posted by investpeople > 2020-05-29 08:49 | Report Abuse

goreng goreng .... intra day trading only

Posted by Jerry Yip > 2020-05-29 08:50 | Report Abuse

gogogo up up up

Posted by Jerry Yip > 2020-05-29 08:52 | Report Abuse

limit up

Posted by SuperPanda > 2020-05-29 08:53 | Report Abuse

even if private call off, the value is there and it has basis

some stock only release news after news with bad fundamental and many call for new venture in healthcare but never happen at all

smart people should know how to evaluate between those scenario

Posted by SuperPanda > 2020-05-29 08:57 | Report Abuse

and if coming rpt back to profit, real value will emerge

Posted by MichelleNg > 2020-05-29 09:02 | Report Abuse

Suspended

Posted by bignate2019 > 2020-05-29 09:03 | Report Abuse

Trading halt. Resume at 10

Posted by MichelleNg > 2020-05-29 09:04 | Report Abuse

big profit for those still holding below 50cents

Posted by SuperPanda > 2020-05-29 09:10 | Report Abuse

Bousted holders hitting a jackpot ! Congrats.

Posted by Cheah5555 > 2020-05-29 09:16 | Report Abuse

Congrats to all ! I just in yesterday

Posted by JediMaster > 2020-05-29 09:19 | Report Abuse

Don’t be too excited...no news yet

Posted by Jerry Yip > 2020-05-29 09:21 | Report Abuse

congrats

Posted by Jerry Yip > 2020-05-29 09:22 | Report Abuse

limit up

Posted by JediMaster > 2020-05-29 09:24 | Report Abuse

Company to issue statement on privatisation rumours....

Posted by andyvin07 > 2020-05-29 09:25 | Report Abuse

Sharks pushing for share price opening at high more than the offer price. Exercise cautious my dear friends.