Posted by abcb > 2020-07-15 13:57 | Report Abuse

Very confident can reach the TP

Posted by abcb > 2020-07-15 13:59 | Report Abuse

Don't worry ! Be Happy!

Posted by abcb > 2020-07-15 14:06 | Report Abuse

Thethruthoracle comment previously true or not?

Posted by Plantermen > 2020-07-15 14:17 | Report Abuse

Eversince LTAT announcement price never moves { trending lower despite CI rebounced} New board members price lack lustre { down from 70sen + to current 55-56,price range}

Posted by abcb > 2020-07-15 16:38 | Report Abuse

Thetruthoracle pls don't mind give some suggestion about BSTEAD

Posted by abcb > 2020-07-15 16:57 | Report Abuse

Thetruthoracle we are looking for your proffesional advice is it continue to dump down Bstead before it become zero value?

Posted by bsklshark > 2020-07-15 18:01 | Report Abuse

Tomoro or day after gonna break 60 cents level , let the unbelievers sell first , nx week only goreng

Posted by bsklshark > 2020-07-15 18:02 | Report Abuse

Tomoro tambah sikit lagi

Posted by abcb > 2020-07-15 18:06 | Report Abuse

Very sad to say that our hero our good adviser thetruthoracle suddenly disappeared in this column

Posted by thetruthoracle > 2020-07-15 22:39 | Report Abuse

abcb thanks for the comments. much appreciated...i exited BOUST that is why i thought I should not be giving comments when I am not part of the ship. But i have not forgotten this company and all of you. The way I look at it, today's pancutan is because of KJ announcing pharmaniaga's possible vaccine deal. Remember this is a speculation not yet realised. Privatisation and pharmaniaga's deal are 2 different things. I still believe unless the volume comes back like what it did in May this privatisation is most likely not going to happen - and the price of BOUST will drop like a stone when LTAT says they will not proceed or the deal is postponed again. So, my take is sell all now and come back later end of the month. That time it may be worth buying a bit because we now know LTAT values BOUST at 0.80 at least. Do not hope too much...

Posted by Plantermen > 2020-07-16 06:34 | Report Abuse

PN is relying on Umno. ISMAIL Sabri { Senior Minister} is mustering support from Armed forces. Last year LTAT declares 2.5% dividend { lowest ever recorded} Bstead is LTAT biggest investment { they need take it private { Bstead would put a drag on LTAT bottom line} mark to market valuations. GE 15 may put on fast track by PN. A good dividend would bolster support and give PR to PN {umno} among LTAT personnel and the public

Posted by CUTLOST > 2020-07-16 09:27 | Report Abuse

Sold 575

Posted by abcb > 2020-07-16 09:50 | Report Abuse

thetruthoracle very appreciate for your feed back and your professional advise

Posted by thetruthoracle > 2020-07-16 13:52 | Report Abuse

No prob...@plantermen@ yes, this is a political stocks and pharma's deal is a good indication. But now is not a good time to hold. no volume coming in, must sell for now. cut loss first, then later re-enter when it drops - always buy low sell high...

Posted by abcb > 2020-07-17 08:21 | Report Abuse

ICAP.BIZ BHD founder Mr Tang Teng Boo , the local famous fund manager,
still hold more than 12 million shares of Bstead since 2012 until now
I expect they should bought at a higher price around 3.00 per share

Posted by i_investor > 2020-07-17 11:35 | Report Abuse

You are right. BSTEAD is government's baby so don't worry. Won't die. Furthermore,

1. BSTEAD BHP Petrol Price up alot almost weekly.

2. BSTEAD sold a parcel of land recently at RM138 million which works out to be RM1,081 psf (cost is only RM191 psf).

3. Another part of BSTEAD land bank measuring 0.2 acres will be acquired by the government as part of a compulsory acquisition, in which Mutiara Rini and LTAT have agreed the purchase price will be adjusted accordingly.

4. The vaccine facility will be located on a 26,013 sq m (280,000 sq ft) land at its existing plant site in Puchong with support and help from TDA the agency, which is under the Ministry of Finance.

5. BSTEAD current price is low risk proxy to PHARMACEUTICAL. https://www.boustead.com.my/v2/pharmaceutical.html

6. With AFFIN, BPLANT, PHARMA,BHIC, BHP PETROL total market capital, excluding BSTEAD land banks, the BSTEAD net value is confirmed already far far above 50sen more than 50sen !!!

So hopefully the price movement give us enough time to collect more BSTEAD by using the profit we gain from other counters as you know stock cycle is always taking turn.

Posted by ronnie2u > 2020-07-17 15:09 | Report Abuse

https://www.theedgemarkets.com/article/boustead-unveils-threeyear-groupwide-transformation-plan

Posted by CUTLOST > 2020-07-17 15:30 | Report Abuse

Technical rebound after drop to 52cts

Posted by abcb > 2020-07-18 07:49 | Report Abuse

Study the company announcement yesterday and expect that they will try to privatise the Bstead recently. After taking private they will restructuring its subsidiaries company and 3 years later listing back again to Bursa Malaysia at a higher IPO price,may be RM2.00 or Rm3.00 per share

Posted by abcb > 2020-07-18 08:01 | Report Abuse

Buy low and sell high for Bstead at the current price of 0.545
It has 3 listed valuable subsidiaries company such as Affin Bank, Bplant and Pharmaniaga
Which has already worth more than its current price of 0.545
Unlisted subsidiary such as BP Petro Station worth more than RM1.2 billion
NTA for Bstead still worth RM1.66 per share

Posted by abcb > 2020-07-18 11:41 | Report Abuse

Possibility major announcement will happen before end of this month
TP 1.00 to 1.50

Posted by hoowk77 > 2020-07-18 14:18 | Report Abuse

yeah...collecting.

Posted by ronnie2u > 2020-07-18 19:49 | Report Abuse

Hope @abcb is correct in his prediction !!! RM1 TP is bit wild since take-over price is 80 sen.

Posted by mf > 2020-07-18 19:52 | Report Abuse

Covid-19: New cluster detected in Stutong, Sarawak
Muhammed Ahmad Hamdan
/
theedgemarkets.com

July 18, 2020 18:41 pm +08

Posted by abcb > 2020-07-18 21:05 | Report Abuse

Bstead is expected to embark on major debt restructuring,which will include rhe sale of non-core assets,in a move to improve its long- term financial position,according to sources familiar with the plan.
Sources say the diversified conglomerate's exercise will involve a restructuring of existing debt amounting to about RM5.4 billion and a rationalisation of non- core,low-yielding assets over tge next few years that will help ir wirh cash flow needs.The RM5.4 billion-of which RM4.7 billion is Bstead Holdings' company debts as at end of 2019-does not take into account at its listed companies,trade-related debt or debt at Bstead Naval Shipyard Sdn.Bhd.About 46% is short term debt comprising revolving credit.

Bstead Holdings,the flagship listed vehicle of LTAT,is understood to have presented the plan to its bankers last month.
According to the sources, the up coming debt restructuring exercise- which will also include tbe refinancing of RM607 million perpetual sukuk-is independent of any potential move by LTAT to take Bstead Holdings private.
Bankers tell The Edge that Bstead Holdings is likely to be among the first of several major corporates expected to announce a debt restructuring in the coming months.
Last Friday,Bstead Holdings announce a broad transformation plan,comprising 20 initiatives, to drive the group forward for the next three years as part of its strategy to strengthen prospects and unlock value.It said the plan focuses on funding,structural,operation and corporate governance areas.
Non- core assets that likely to go
All eyes are on which non-core,low- yielding assets Bstead Holdings may sell.The group is assets-rich,with landbank,investment properties and hotels,among others.Oberservers say it is unlikely that it will sell its shareholding in Affin Bank or possibility it may sell non-core asset in BP Pertro Station which worth more than RM1.2 billion.
"Affin Bank is not only profitable,but of value to the group.I expect they would sell some of its properties assets such as land/ or property management a d some of the Royal Chulan hotels.They also have a stake in the MyTown mall,which is low yielding ," say one who tracks development at the group.Bstead Holdings has a 50% interest in MyTown Shopping Centre in KL
In its 2019 annual report,topping the list of the group's most valuable properties is five hectares of commercial freehold land on which The Curve mall sits and the building,which have a total book value of RM579 million

Posted by ronnie2u > 2020-07-18 22:27 | Report Abuse

Which article is the above from ?

Posted by abcb > 2020-07-18 22:44 | Report Abuse

Copy some from new weekly " The Edge Magazine "
The week of July 20 - July 26,2020

Posted by Edward Ka > 2020-07-19 15:14 | Report Abuse

No indication of privatisation from the recent announcement from Bstead?

Posted by BearishTrend > 2020-07-19 16:30 | Report Abuse

Need to settle and structure debt first and then can talk abt privatisation. Huge debt amount..big fund already run

Posted by abcb > 2020-07-19 17:29 | Report Abuse

Don't worry , the share price of Bstead won't come down to 0.20 even though the privatisation deal abolish.
We just need to be patient and keep tide for 3 years ,then everyone can hit jackpot!

Posted by abcb > 2020-07-19 22:44 | Report Abuse

Count down to wait for corporate major announcement by end of the month

Posted by abcb > 2020-07-19 23:34 | Report Abuse

Count down for another 9 days
If nothing happen, be ready to hold for at least 3 years to bear fruits

Posted by i_investor > 2020-07-20 09:42 | Report Abuse

Don't worry. BSTEAD is government's baby so don't worry. Won't die, so you can ignore or forget about the 80 sen privatisation because

1. BSTEAD BHP Petrol Price has already up alot almost weekly.

2. BSTEAD sold a parcel of land recently at RM138 million which works out to be RM1,081 psf (cost is only RM191 psf).

3. Another part of BSTEAD land bank measuring 0.2 acres will be acquired by the government as part of a compulsory acquisition, in which Mutiara Rini and LTAT have agreed the purchase price will be adjusted accordingly.

4. The vaccine facility will be located on a 26,013 sq m (280,000 sq ft) land at its existing plant site in Puchong with support and help from TDA the agency, which is under the Ministry of Finance.

5. BSTEAD current price is very low risk proxy to PHARMACEUTICAL. https://www.boustead.com.my/v2/pharmaceutical.html

6. With AFFIN, BPLANT, PHARMA,BHIC, BHP PETROL total market capital, excluding BSTEAD land banks, the BSTEAD net value is confirmed already far far above 50sen more than 50sen !!!

So hopefully the price movement give us enough time to collect more BSTEAD by using the profit we gain from other counters as you know stock cycle is always taking turn.

Posted by Davidl > 2020-07-20 13:04 | Report Abuse

Beware of value trap!

Posted by CUTLOST > 2020-07-20 14:24 | Report Abuse

Sold 55cts

Posted by i_investor > 2020-07-20 17:07 | Report Abuse

TRIED TO BUY AND TOP UP SOME WITH 54SEN BUT COULD NOT GET !!! BURSA SYSTEM DOWN AGAIN !!!

Posted by Valgrovest > 2020-07-20 18:26 | Report Abuse

https://www.theedgemarkets.com/article/newsbreak-boustead-sells-prime-kl-land-rm138-million

Posted by Valgrovest > 2020-07-20 18:26 | Report Abuse

Boustead was also mum on the gain on disposal, but says, “Given the current economic environment, we are of the view that the sale consideration is fair and will contribute positively to the group’s cash flow.”

Posted by CUTLOST > 2020-07-21 08:53 | Report Abuse

Q buy this morning 52cts

Posted by tumbler > 2020-07-21 09:57 | Report Abuse

This counter also should fry this month because army cannot explain to their army member if price too low.

Posted by ronnie2u > 2020-07-21 10:55 | Report Abuse

Go invite shark to come...

Posted by PanjiAlam55 > 2020-07-21 11:10 | Report Abuse

Any stock with Ajib or 1MDB case related sure won't go up and will be down to longkang buyers only big shark waiting to eat u all.

Posted by abcb > 2020-07-21 12:44 | Report Abuse

I think,I predict, I guess ,I expect the Board of LTATA are going to announce for privatisation plan very soon
Watch out and monitor the movement of Bstead share price closely
It might suddenly jump up and suspend for pending announcement
Stay tunes!

Posted by ronnie2u > 2020-07-21 13:32 | Report Abuse

investor all hope for firm material announcement ASAP ...

Posted by ivanlau > 2020-07-21 13:34 | Report Abuse

this is golden summit sochai chong stock pick . He buy call this stock from rm 1 now drop to 55 cents ..... now he no sound at all and he will delete message in the fb page when u said something bad to him.... hahahhaah what a lousy sochai guru

Posted by abcb > 2020-07-21 15:02 | Report Abuse

We are all outsider, we don't have a crystal ball to guide us what should we do for the next step

Posted by abcb > 2020-07-21 15:07 | Report Abuse

I notice that they push up and down the share price to flush out the weak holders
Final decision on their hand,we can't do anything

Posted by abcb > 2020-07-21 15:11 | Report Abuse

Anyway,let us pray together to hope that LTAT will make its final decision to take Bstead private smoothly
Count down for another few days

Posted by i_investor > 2020-07-21 15:12 | Report Abuse

Don't worry, you have good fundamental. Just hold tight along this wave will do.

Posted by ronnie2u > 2020-07-21 15:15 | Report Abuse

Dateline is end July 2020 for more material development on the Privatisation at 80 sen