Highlights
KLSE: BSDREIT (5124)       AL-HADHARAH BOUSTEAD REIT Main Market : REITS
Last Price Today's Change   Day's Range   Trading Volume
0.00   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 0 Million
NOSH: 627 Million
Avg Volume (4 weeks):0
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2013 [#3]  |  04-Nov-2013
Next QR | Est. Ann. Date: 31-Dec-2013  |  30-Jan-2014
T4Q P/E | EY: 0.00  |  0.00%
T4Q DY | Payout %: 0.00%  |  78.13%
T4Q NAPS | P/NAPS: 1.8095  |  0.00
T4Q NP Margin | ROE: 111.21%  |  6.71%

Headlines



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Business Background

Al-Hadharah Boustead REIT (the Fund) is a Malaysia-based Islamic income- and growth-type fund. The Fund is managed by Boustead REIT Managers Sdn Bhd (the Manager). The investment objective of the Fund is to own and invest in plantation estates and mills, which aims to provide unitholders with a stable distribution of income/yield and to achieve long-term growth in the net asset value (NAV) per unit of the Fund. As at December 31, 2009, the Fund comprises of 10 oil palm estates and two palm oil mills in Peninsular Malaysia, which covers 16,404 hectares. In 2009, fresh fruit bunches (FFB) production was 323,065 metric tonne (MT).
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  2 people like this.
 
Chong Kong Hui My TP (12 months) RM1.80
07/03/2012 11:27 AM
CHONG Kong Hui Exceed TP, Sell @ RM2.00
12/07/2012 5:22 PM
teots Sudden surge of 7cents is really a lot for REITS counter.
Just wondering what are the good announcement ahead.....
12/07/2012 5:32 PM
CHONG Kong Hui Too much $$$ in the banking system, US QE coming, Investor just go for safe haven. DY was driven down and down....
13/07/2012 10:44 AM
ch I expect to get dividend in Jan...
12/12/2012 10:34 AM
ronnie2u Boustead: To buy back its plantation REIT. Al-Hadharah Boustead REIT will be
taken private by its parent company, Boustead Holdings Bhd, making it the first
REIT in the country to be privatised, according to sources. They speculated that
the possible rationale for the exercise was the illiquid nature of Al-Hadharah's
shares and that Boustead would justify its exercise as being an opportunity for
shareholders to get a cash payout above what the market was valuing the asset.
The announcement of the takeover would be made soon, the sources added.
Affin Investment Bank Bhd would be handling the privatisation. (Source: The Star
Daily)
15/07/2013 9:43 AM
CHONG Kong Hui The Board of Directors of Boustead REIT Managers Sdn Bhd (“Manager”) wishes to announce that it has today received a letter dated 16 July 2013 (“SUR Proposal Letter”) from Boustead Plantations Berhad (“BPB”), a major unitholder of the Fund, requesting the Manager to undertake the following corporate exercises:

(i) proposed amendment to the relevant clauses in the trust deed dated 11 December 2006 (amended and restated on 3 September 2009) (“Trust Deed”), executed between CIMB Islamic Trustee Berhad (“Trustee”) and the Manager, constituting the Fund to allow the following:

the implementation of the Proposed SUR (as defined below); and
the conversion of the Fund to a private trust which sole beneficiary shall be BPB.

(collectively referred to as “Proposed Amendment”);

(ii) proposed selective unit redemption exercise, involving the redemption of all undivided interest in the Fund as constituted by the Trust Deed (“Units”) held by the Fund’s unitholders (save and except for the Units held by BPB) and the corresponding cash repayment of RM1.90 per Unit to the Fund’s unitholders (excluding BPB) (“Proposed SUR”); and

(iii) proposed special dividend of RM0.20 per Unit to all unitholders (including BPB) of the Fund (“Special Dividend”).

(the Proposed Amendment, Proposed SUR and Special Dividend are collectively referred to as the “Proposals”).

The cash payment under the Proposed SUR and the Special Dividend will collectively amount to RM2.10 per Unit.

The Board of Directors of the Manager, save for the Interested Directors (as defined in Section 6 of the SUR Proposal Letter), will deliberate on the Proposals and decide on the next course of action.

Further announcement(s) on the above matter will be made in due course.

Please refer to the attached SUR Proposal Letter for further information on the Proposals.
16/07/2013 10:08 PM
ronnie2u Will the special dividend of 20 sen be subject to 10% tax ?
17/07/2013 12:33 AM
nightrader How will this proposal impact Boustead?
17/07/2013 7:53 AM
Yp888 Is the privatization benefit to shareholder?
19/07/2013 11:31 PM
ronnie2u In the afternoon, over RM20 millions worth was sold... :)
22/07/2013 4:20 PM
NOBY hmmm... dont really get it... privatization offer is at RM2.1 but closing price toda is at RM2.01 (~4.4% discount). Why ?
22/07/2013 11:43 PM
gark time value of money... you may need to wit 5-6 months for the money...
20/08/2013 7:14 PM
Ooi Cheng Kee For those who hold thi share at least your money is secure. just wait
26/08/2013 3:53 PM
Stockman When will the transfer be completed
05/10/2013 11:15 PM
Muda Fadli it giving away dividen 2.1? for every share? is this true?
25/12/2013 2:13 PM
Subrie 1.94 plus special dividend 0.16 for every share
26/12/2013 2:10 AM
Subrie http://www.bursamalaysia.com/market/listed-companies/company-announcements/1504313
30/12/2013 7:22 PM
Nazihah24 How do i know the history of nav of this reit?
10/07/2020 11:11 AM


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