KUALA LUMPUR (July 13): Lembaga Tabung Angkatan Tentera (LTAT) should not be sentimental towards businesses under its portfolio in a restructuring to unlock value pursuant to the newly-announced multi-year strategy, said Minister of Defence Datuk Seri Mohamad Hasan. “In the corporate world, survival of the fittest is a ‘dog eat dog’ business, so there is no such thing as mercy or whatever it is. That’s why I said, put our sentiment aside when do business,” he told reporters after attending the launch of the Sustainable25 strategy here on Thursday (July 13). “We cannot say we are sentimental towards something, or this is our ‘flagship’. There is no such thing as flagship, it is survival. So, how do we survive such challenging times, with the interest rate differential? US interest is 5% [versus] our 3% and so on. So how do we manage the situation, so that we remain relevant,” he said.
Asked if the restructuring would involve divesting Boustead Plantation Bhd or Boustead Petroleum Marketing Sdn Bhd (BHPetrol), Tok Mat, as he is fondly known, 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. “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.
LTAT to increase asset under management from current $9.3 bil to $15 bil in 2025 (just under 1.5 years). It could well means a massive realization of gain from the existing investment! Where is this $5.7 bil additional come from ? I guess it has to come from a major disposal with major disposal gain . Everyone is free from making guesses.
But definitely not for Bplant owning super prime gold mine lands in Tasek gelugor, Kulim, Perak, Johor, Pahang and others so near Cities and Towns and GROWTH ZONES
RM3.00 WOULD BE A FAIR VALUE ONLY
ANYTHING LESS BPLANT SHOULD JUST SELL ALL AT PIECEMEAL ONE BY ONE AND THEN DISTRIBUTE AS GOOD DIVIDENDS
No matter RM1.30 or RM1.40, it will build a very good base for BPLANT share price. Mean the price will forever stand above it. hope the announcement faster come out
lol jacktan stories. said sister work as accountant in bplant. Later others will say brother work as toilet cleaner in bplant, heard offer price above 3 rumours.
I have been consistently said that LTAT/boustead will seek a price of $2 and above ! Gold mine doesn’t come cheap . Let’s just wait a little while more.
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....
Dakewlest
1,758 posts
Posted by Dakewlest > 2023-07-13 23:07 | Report Abuse
Harap-harap esok naik banyak.