Highlights
KLSE: BHIC (8133)       BOUSTEAD HEAVY INDUSTRIES CORP BHD MAIN : Transportation&Logistics
Last Price Today's Change   Day's Range   Trading Volume
0.58   -0.04 (6.45%)  0.58 - 0.62  215,900
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Overview

Market Cap: 144 Million
NOSH: 248 Million
Avg Volume (4 weeks):39,055
4 Weeks Range:0.58 - 0.71
4 Weeks Price Volatility (%):
0.00%
52 Weeks Range:0.56 - 1.36
52 Weeks Price Volatility (%):
2.50%
Average Price Target: 2.40
Price Target Upside/Downside: +1.82
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2020 [#2]  |  19-Aug-2020
Next QR | Est. Ann. Date: 30-Sep-2020  |  20-Nov-2020
T4Q P/E | EY: -1.51  |  -66.24%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.55  |  1.05
T4Q NP Margin | ROE: -60.17%  |  -69.86%

Headlines

Date Subject
02-Sep-2020 Mplus Market Pulse - 2 Sep 2020
02-Jul-2020 PublicInvest Research Headlines - 2 Jul 2020
17-Jun-2020 PublicInvest Research Headlines - 17 Jun 2020
12-Jun-2020 PublicInvest Research Headlines - 12 Jun 2020
09-Jun-2020 PublicInvest Research Headlines - 9 Jun 2020
27-May-2020 Technical Buy: BHIC (8133)
29-Apr-2020 Technical Buy - BHIC (8133)
28-Apr-2020 Mplus Market Pulse - 28 Apr 2020
06-Apr-2020 PublicInvest Research Headlines - 6 Apr 2020
02-Apr-2020 Mplus Market Pulse - 2 Apr 2020
21-Mar-2020 下跌股:莫实得重工73仙支撑

Business Background

Boustead Heavy Industries Corp Bhd is a company with diverse maritime and aerospace interests in the defence, enforcement and security, commercial and energy sectors. Under the Defense and security segment it is engaged in shipbuilding and maintenance, repair and overhaul of Navy's patrol vessels, whereas the Energy segment focuses on the fabrication of steel structures and platforms, marine engineering, oil and gas fabrication and other services related to the oil and gas industry; and the Commercial units is involved in the activity of heavy engineering, shipbuilding, providing trainings, trading of goods and MRO of aircraft wheels and brakes. Geographically it operates fully within Malaysia.
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  3 people like this.
 
Superb99 Really no idea when this counter is going to move up, like zombie now...lol
15/05/2020 12:32 PM
Superb99 wa...0.62....super low
15/05/2020 3:21 PM
Superb99 no more show...gg
15/05/2020 4:19 PM
hoowk77 Still holding..it will come back
16/05/2020 7:12 PM
Superb99 Hoowk77, so confident, any good news for this company?
16/05/2020 8:02 PM
hoowk77 oil price is improving
18/05/2020 1:15 PM
Superb99 Ya but it is still zzz, super low volume
18/05/2020 4:00 PM
Victor Yong Board: MAIN
Sector: Transportation&Logistics
Avg Volume (4 weeks): 544,400
4 Weeks Range: 0.56 - 0.76
52 Weeks Range: 0.56 - 1.36
Average Price Target: 2.40
Price Target Upside/Downside: +1.74
19/05/2020 4:52 PM
Victor Yong Bhic is also related to oil and gas industry

Boustead Heavy Industries Corp Bhd is a company with diverse maritime and aerospace interests in the defence, enforcement and security, commercial and energy sectors. Under the Defense and security segment it is engaged in shipbuilding and maintenance, repair and overhaul of Navy's patrol vessels, whereas the Energy segment focuses on the fabrication of steel structures and platforms, marine engineering, oil and gas fabrication and other services related to the oil and gas industry; and the Commercial units is involved in the activity of heavy engineering, shipbuilding, providing trainings, trading of goods and MRO of aircraft wheels and brakes. Geographically it operates fully within Malaysia.
19/05/2020 4:54 PM
Superb99 victor, thanks for sharing, ya, this counter is being dumped like rubbish by Urusharta almost every day
19/05/2020 6:35 PM
Victor Yong LTAT should buyback from urusharta. small amount~RM10mil based on 66sen now


15,886,467 x 66sen ~RM10 mil only.

Should not appoint banks to throw the shares in the open market like crazy... bodoh

URUSHARTA
Total no of securities after change
Direct (units) 15,886,467
Direct (%) 6.39
Indirect (units) 0
Indirect (%) 0.00
Total (units) 15,886,467
Total (%) 6.39
Date of Notice 15-May-2020


19-May-2020 Insider URUSHARTA JAMAAH SDN BHD (a substantial shareholder) disposed 17,000 shares on 14-May-2020.
18-May-2020 Insider URUSHARTA JAMAAH SDN BHD (a substantial shareholder) disposed 24,800 shares on 13-May-2020.
18-May-2020 Insider URUSHARTA JAMAAH SDN BHD (a substantial shareholder) disposed 24,000 shares on 13-May-2020.
15-May-2020 Insider URUSHARTA JAMAAH SDN BHD (a substantial shareholder) disposed 25,900 shares on 12-May-2020.
15-May-2020 Insider URUSHARTA JAMAAH SDN BHD (a substantial shareholder) disposed 25,200 shares on 12-May-2020.
15-May-2020 Insider URUSHARTA JAMAAH SDN BHD (a substantial shareholder) disposed 12,000 shares on 12-May-2020.
14-May-2020 Insider URUSHARTA JAMAAH SDN BHD (a substantial shareholder) disposed 39,900 shares on 08-May-2020.
14-May-2020 Insider URUSHARTA JAMAAH SDN BHD (a substantial shareholder) disposed 39,000 shares on 08-May-2020.
19/05/2020 7:19 PM
Superb99 down again....
20/05/2020 10:37 AM
Live4Tea GLC shares sold like this through bankers in the middle? Any particular reason? Bad news travel very fast downwards like this.
20/05/2020 4:02 PM
Superb99 up a bit but low volume, i sold some d
22/05/2020 10:32 AM
Superb99 no more show
22/05/2020 11:46 AM
air01557 Urusharta Jamaah, a govt vehicle sold part of its holdings cheaply to certain INTERESTED PARTIES who were on standby in open market. A total of 1.5 million Boustead shares were sold between 13th and 27th April. As a result the share price plumetted steadily. And when PATRIOT questioned the sell-off on 27th April immediately the sell-off stopped the next day and the shares started to rebound. On 30 April new chairman announced. What was supposed to be govt and country's gain became a huge gain to the select INTERESTED PARTIES.
24/05/2020 10:54 PM
Superb99 not bad today
27/05/2020 12:04 PM
Live4Tea Air 1557 if what you are saying is right that means someone ripped off and cheated the MOF and BHIC at one go. And with this forced buying by political appointee, is that a crime? Bursa will suspend? Can buy or stay away?
27/05/2020 1:25 PM
hoowk77 Is time for harvesting and keep to be wealthy. Still buying...
27/05/2020 10:02 PM
moonasia LTAT offer to buy Boustead at 0.800, so how much is BHIC worth?
28/05/2020 11:53 PM
hoowk77 V need a expert to calculate.. anyone can help please
29/05/2020 8:50 PM
Superb99 Sold all at 0.755 days ago, slow counter
02/06/2020 12:54 PM
davidkkw79 https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3056720
05/06/2020 8:39 PM
davidkkw79 Finished !
05/06/2020 8:39 PM
Good123 esok, up :p

Quarterly rpt on consolidated results for the financial period ended 31 Mar 2020

BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD
Financial Year End31 Dec 2020Quarter1 QtrQuarterly report for the financial period ended31 Mar 2020The figureshave not been audited

Attachments

BHIC Q1-Y2020.pdf
108.2 kB

Default Currency

Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2020

 

INDIVIDUAL PERIOD

CUMULATIVE PERIOD

CURRENT YEAR QUARTER

PRECEDING YEAR
CORRESPONDING
QUARTER

CURRENT YEAR TO DATE

PRECEDING YEAR
CORRESPONDING
PERIOD

31 Mar 2020

31 Mar 2019

31 Mar 2020

31 Mar 2019

$$'000

$$'000

$$'000

$$'000

1Revenue

44,048

36,295

44,048

36,295

2Profit/(loss) before tax

20,654

-4,057

20,654

-4,057

3Profit/(loss) for the period

20,384

-4,298

20,384

-4,298

4Profit/(loss) attributable to ordinary equity holders of the parent

20,384

-4,298

20,384

-4,298

5Basic earnings/(loss) per share (Subunit)

8.20

-1.73

8.20

-1.73

6Proposed/Declared dividend per share (Subunit)

0.00

0.00

0.00

0.00



AS AT END OF CURRENT QUARTER

AS AT PRECEDING FINANCIAL YEAR END

7
Net assets per share attributable to ordinary equity holders of the parent ($$)

0.5500

0.4700


Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunitMalaysiaRinggitSenUnited StatesDollarCentUnited KingdomPoundPence



Announcement Info

Company NameBOUSTEAD HEAVY INDUSTRIES CORPORATION BHDStock NameBHICDate Announced10 Jun 2020CategoryFinancial ResultsReference NumberFRA-09062020-00009
10/06/2020 6:49 PM
ray8283 wau ...Good Results..tomolo Sure up...luckly today masuk sikit
10/06/2020 7:56 PM
CUTLOST Wow 574% profit.. Actually it gd news for the group.. Hope tmr it will spike up to the highest
10/06/2020 8:12 PM
Good123 more profitable in future after VSS.

Right-sizing Exercise
An exercise was undertaken to identify the optimal organisational structure for the Group. An
obvious component of this exercise is a critical review of appropriate human capital resources,
which will impact the entire Group. Specific right-sizing initiatives, based on the Group’s
established performance appraisal processes, have commenced in all primary operating
facilities, including the head office and will lead to a reduction in overall employee headcount.
This exercise is expected to be completed by 30 June 2021.
As at 31 March 2020, a total of 160 personnel had accepted the mutual separation scheme
offered by the Group since 2016 with a total payment of RM11.5 million.
10/06/2020 8:40 PM
Good123 hold bhic. closing non-performing units. Internal Business Reorganisation
The Group started an exercise to review the operational structure and decided to merge the
operations of certain business units. Three non-performing business units have been identified
and the closure is ongoing.
The closure resulted in a retrenchment of 78 staffs with a total payment of RM5.7 million.
10/06/2020 8:42 PM
Good123 recently the construction of the remaining three Littoral Mission Ships (“LMS”) in China has
resumed post Covid-19. Both the LCS and LMS Programmes are ongoing at slower progress. The
Associate and China Shipbuilding
10/06/2020 8:46 PM
CUTLOST Tq tq.. Finally sold 80cts
11/06/2020 9:25 AM
Davedeli Can go higher I think
11/06/2020 9:47 AM
Davedeli An Ascending Triangle is formed
11/06/2020 9:48 AM
Davedeli Waiting for people to realize this counter
11/06/2020 9:50 AM
Davedeli Going to recover to pre-covid price soon
11/06/2020 9:52 AM
Good123 maybe urusharta started dumping the shares again
11/06/2020 10:48 AM
Good123 urusharta has 15mil shares to dump, unfinished yet Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD

Particulars of substantial Securities Holder

NameURUSHARTA JAMAAH SDN BHDAddressTingkat 7, Bangunan Setia 1, 15 Lorong Dungun, Bukit Damansara
Kuala Lumpur
50490 Wilayah Persekutuan
Malaysia.Company No.201801045610 (1307642-V)Nationality/Country of incorporationMalaysiaDescriptions (Class)Ordinary Shares

Details of changes

NoDate of change

No of securities

Type of TransactionNature of Interest118 May 2020

11,000

DisposedDirect InterestName of registered holderCITIGROUP NOMINEES (TEMPATAN) SDN BHD URUSHARTA JAMAAH SDN BHD (NOMURA 1)Address of registered holderLEVEL 42, MENARA CITIBANK, 165 JALAN AMPANG, 50450 KUALA LUMPURDescription of "Others" Type of Transaction
Circumstances by reason of which change has occurredDisposedNature of interestDirect InterestDirect (units)15,845,267Direct (%)6.377Indirect/deemed interest (units)Indirect/deemed interest (%)Total no of securities after change15,845,267Date of notice19 May 2020Date notice received by Listed Issuer21 May 2020


Remarks :The total direct shares of 15,845,267 are held as follows: - 1) Citigroup Nominees (Tempatan) Sdn Bhd, Urusharta Jamaah S B (Aberdeen 1) - 4,766,633 2) Citigroup Nominees (Tempatan) Sdn Bhd, Urusharta Jamaah Sdn Bhd (Maybank 1) - 6,102,634 3) Citigroup Nominees (Tempatan) Sdn Bhd, Urusharta Jamaah Sdn Bhd (Nomura 1) - 4,976,000


Announcement Info

Company NameBOUSTEAD HEAVY INDUSTRIES CORPORATION BHDStock NameBHICDate Announced21 May 2020CategoryChange in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016Reference NumberCS2-21052020-00082
11/06/2020 10:49 AM
Good123 the biggest obstacle for bhic share price
11/06/2020 10:49 AM
Good123 untung Sikit je :). Besides higher revenue from MRO projects, BHIC said the reversal of expected credit losses of RM18.6 million also contributed to the group’s improved financial performance for the quarter.
11/06/2020 4:40 PM
hoowk77 Received 154.3mil submarine contract from mindef. Order value near to share mkt capitalization
17/06/2020 12:43 PM
CUTLOST Waiting back at 70cts
17/06/2020 3:42 PM
hoowk77 company status is improving fast
18/06/2020 10:52 AM
Diego2020 buy buy buy
01/07/2020 2:27 PM
davidkkw79 Dont touch tabung haji punya counters, they are well known in lousy company management
06/07/2020 4:28 PM
angelo DON'T TOUCH THIS COUNTER. YOU ALL HAVE NO IDEA HOW SERIOUS ARE THE PROBLEMS FACED BY ITS ASSOCIATED COMPANY BNS FOR LCS PROJECT. CREDITORS WILL START SUING FOR DEBTS OWED! TRUST ME BECAUSE I KNOW AND I CAN'T DISCLOSE ANY INFORMATION HERE.
09/07/2020 8:17 AM
angelo Victor Yong This company no more in oil n gas business. The O & G Division has been closed after Petronas terminated and withdraw its license.
09/07/2020 8:22 AM
Heman01 Debts are Extravaganza. Will dive further
14/07/2020 10:49 AM
angelo https://www.theedgemarkets.com/article/boustead-rm9b-warship-project-delay-mindef-mulls-salvaging-two-six-vessels
03/08/2020 11:15 PM
angelo Pls avoid this counter. Company having difficulty in paying staff salaries already.
11/08/2020 12:29 PM
angelo Staff salaries (for those earning RM5,000 n above) for the month of July 2020 were paid in 2 portions, 50% at the end of July 2020 n the balance 50% in the 1st week of August 2020. The staff salaries for the month of August 2020 will be the same method. As for Sept 2020, will have to wait n see.
29/08/2020 8:05 AM


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