KUALA LUMPUR (July 13): Lembaga Tabung Angkatan Tentera (LTAT) launched a multi-year strategy through 2025, aiming for an asset under management (AUM) of RM15 billion, growing the fund with sustained 5% returns for members, as well as recovering RM3.3 billion cost of investment in beleaguered Boustead-related businesses. The Armed Forces Fund Board said in a statement on Thursday (July 13) that its AUM stood at RM9.3 billion as at May 2023. The fund also hopes to diversify its concentration of asset allocation on Boustead-related investments, from 39% currently to 15% by 2025.
The important point from above news : 1. Increase the AUM from $9.3 bil now to $15bil by 2025. How to increase $5.7 bil unless making huge disposal or investment gain !
2. Reduce boustead-related investments from present 39% to 15% by 2025. That means a lot of investment or asset under Boustead will be sold ! Bplant will be the major one to be sold !
Asked if the restructuring would involve divesting Boustead Plantation Bhd or Boustead Petroleum Marketing Sdn Bhd (BHPetrol), Mohamad Hasan said “in business, what is important is that we make money; we do business to get returns”.
“There is no point in retaining business if you are going to lose money. It doesn’t mean that the privatisation of Boustead [Holdings Bhd], that’s the end of it. We want to re-position ourselves.
And best of all response from Tok Mat; “The important thing is to look at our assets. There are assets such as those of ‘planting trees on a gold mine’, so we have to unlock that because this is the process for adding value,” he added.
Most important comments by Tok Mat. Bplant land is the gold mine many other plantation or YTL that have been waiting for years!!!
if above comments from Tok Mat, the Minister of Defence himselft is also not consider a leaked info already or concrete evidence Boustead in process to sell Bplant, I gave up to convince all the naysayers here
That is based on old old book value. If bplant land prices are all revalued upward i think no less than Rm5.00 or more
Imagine 2 old double storey houses in Lorong Maarof, Bangsar Park, Kl my neighbour bought in year 1969 to 1970 for only Rm20k is worth Rm2 million today about 50 plus years ago
Bplant from Boustead has a longer history of over 100 years since Long Jaffarf founded tin in Larut in year 1848
My sister work in boustead plantation as accountant ... According to her, the management ask the account department to do the revaluation of all the assets.. And the fair value is around 2.50
If wan to sell, i believe offer price will be close to that
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....
BursaMaster121212
167 posts
Posted by BursaMaster121212 > 2023-07-12 08:02 | Report Abuse
no privitasion, only has general offer, price is at least 40% from current price