Highlights
KLSE: BOILERM (0168)       BOILERMECH HOLDINGS BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.955   +0.005 (0.53%)  0.95 - 0.955  1,389,700
Trade this stock for as low as 0.05% brokerage. Find out more.

Financials


Market Cap: 493 Million

Market Cap 493 Million
NOSH 516 Million

Latest Audited Result:  31-Mar-2020

Latest Audited Result: 31-Mar-2020
Announcement Date 25-Aug-2020
Next Audited Result: 31-Mar-2021
Est. Ann. Date: 25-Aug-2021
Est. Ann. Due Date: 27-Sep-2021

Latest Quarter:  30-Sep-2020 [#2]

Latest Quarter: 30-Sep-2020 [#2]
Announcement Date 24-Nov-2020
Next Quarter: 31-Dec-2020
Est. Ann. Date: 21-Feb-2021
Est. Ann. Due Date: 01-Mar-2021
QoQ | YoY   158.24%  |    20.19%

Annual (Unaudited) ( EPS: 4.51, P/E: 21.19 )

Revenue | NP to SH 230,147  |  23,255
RPS | P/RPS 44.60 Cent  |  2.14
EPS | P/E | EY 4.51 Cent  |  21.19  |  4.72%
DPS | DY | Payout % 1.75 Cent  |  1.83%  |  38.83%
NAPS | P/NAPS 0.41  |  2.33
YoY   -12.49%
NP Margin | ROE 10.46%  |  10.99%
F.Y. | Ann. Date 31-Mar-2020  |  25-Jun-2020

T4Q Result ( EPS: 3.91, P/E: 24.45 )

Revenue | NP to SH 209,241  |  20,151
RPS | P/RPS 40.55 Cent  |  2.36
EPS | P/E | EY 3.91 Cent  |  24.45  |  4.09%
DPS | DY | Payout % 1.75 Cent  |  1.83%  |  44.81%
NAPS | P/NAPS 0.42  |  2.27
QoQ | YoY   5.31%  |    -27.04%
NP Margin | ROE 10.56%  |  9.30%
F.Y. | Ann. Date 30-Sep-2020  |  24-Nov-2020

Annualized Result ( EPS: 3.26, P/E: 29.37 )

Revenue | NP to SH 192,718  |  16,780
RPS | P/RPS 37.35 Cent  |  2.56
EPS | P/E | EY 3.26 Cent  |  29.37  |  3.41%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   79.12%  |    -27.01%
NP Margin | ROE 10.30%  |  7.74%
F.Y. | Ann. Date 30-Sep-2020  |  24-Nov-2020


Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Click here to modify the Visible Columns.

Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Mar-2021 24-Nov-2020 30-Sep-2020 2 64,331 10,170 7,442 6,048 - 216,719 - % 11.57% 2.79% 516,000 12.47 12.47 1.17 1.17 0.00 0.00 0.4200 0.42   158.24%   20.19% 30-Sep-2020 0.605 4.85 51.62 1.44 1.94% 0.00% 24-Nov-2020 0.86 6.90 73.37 2.05 1.36% 0.00%
31-Mar-2021 12-Aug-2020 30-Jun-2020 1 32,028 3,541 2,484 2,342 - 216,719 - % 7.76% 1.08% 516,000 6.21 6.21 0.45 0.45 0.00 0.00 0.4200 0.42   -61.52%   -63.76% 30-Jun-2020 0.555 8.94 122.28 1.32 0.82% 0.00% 12-Aug-2020 0.63 10.15 138.80 1.50 0.72% 0.00%
31-Mar-2020 25-Jun-2020 31-Mar-2020 4 59,811 8,610 6,446 6,086 9,030 211,559 148.37% 10.78% 2.88% 516,000 11.59 11.59 1.18 1.18 1.75 1.75 0.4100 0.41   7.24%   -41.01% 31-Mar-2020 0.45 3.88 38.15 1.10 2.62% 3.89% 25-Jun-2020 0.52 4.49 44.09 1.27 2.27% 3.37%
31-Mar-2020 21-Feb-2020 31-Dec-2019 3 53,071 7,624 5,719 5,675 - 211,559 - % 10.78% 2.68% 516,000 10.29 10.29 1.10 1.10 0.00 0.00 0.4100 0.41   12.78%   -2.32% 31-Dec-2019 0.605 5.88 55.01 1.48 1.82% 0.00% 21-Feb-2020 0.60 5.83 54.56 1.46 1.83% 0.00%
31-Mar-2020 21-Nov-2019 30-Sep-2019 2 56,475 7,435 5,269 5,032 - 206,400 - % 9.33% 2.44% 516,000 10.94 10.94 0.98 0.98 0.00 0.00 0.4000 0.40   -22.13%   -8.77% 30-Sep-2019 0.54 4.93 55.37 1.35 1.81% 0.00% 21-Nov-2019 0.62 5.66 63.58 1.55 1.57% 0.00%
31-Mar-2020 19-Aug-2019 30-Jun-2019 1 60,790 8,757 6,648 6,462 - 211,559 - % 10.94% 3.05% 516,000 11.78 11.78 1.25 1.25 0.00 0.00 0.4100 0.41   -37.37%   31.02% 28-Jun-2019 0.58 4.92 46.31 1.41 2.16% 0.00% 19-Aug-2019 0.74 6.28 59.09 1.80 1.69% 0.00%
31-Mar-2019 28-May-2019 31-Mar-2019 4 72,262 14,150 10,992 10,317 10,320 206,400 100.03% 15.21% 5.00% 516,000 14.00 14.00 2.00 2.00 2.00 2.00 0.4000 0.40   77.57%   69.02% 29-Mar-2019 0.555 3.96 27.76 1.39 3.60% 3.60% 28-May-2019 0.565 4.03 28.26 1.41 3.54% 3.54%
31-Mar-2019 21-Feb-2019 31-Dec-2018 3 52,011 7,611 6,055 5,810 - 196,079 - % 11.64% 2.96% 516,000 10.08 10.08 1.13 1.13 0.00 0.00 0.3800 0.38   5.33%   16.13% 31-Dec-2018 0.52 5.16 46.18 1.37 2.17% 0.00% 21-Feb-2019 0.59 5.85 52.40 1.55 1.91% 0.00%
31-Mar-2019 22-Nov-2018 30-Sep-2018 2 56,202 8,140 5,905 5,516 - 185,760 - % 10.51% 2.97% 516,000 10.89 10.89 1.07 1.07 0.00 0.00 0.3600 0.36   11.84%   14.87% 28-Sep-2018 0.665 6.11 62.21 1.85 1.61% 0.00% 22-Nov-2018 0.61 5.60 57.06 1.69 1.75% 0.00%
31-Mar-2019 23-Aug-2018 30-Jun-2018 1 54,335 6,714 4,874 4,932 - 190,920 - % 8.97% 2.58% 516,000 10.53 10.53 0.96 0.96 0.00 0.00 0.3700 0.37   -19.20%   5.70% 29-Jun-2018 0.685 6.51 71.67 1.85 1.40% 0.00% 23-Aug-2018 0.725 6.89 75.85 1.96 1.32% 0.00%
31-Mar-2018 23-May-2018 31-Mar-2018 4 68,089 10,179 6,948 6,104 9,030 190,920 147.94% 10.20% 3.20% 516,000 13.20 13.20 1.18 1.18 1.75 1.75 0.3700 0.37   22.01%   -5.89% 30-Mar-2018 0.67 5.08 56.64 1.81 1.77% 2.61% 0.695 5.27 58.75 1.88 1.70% 2.52%
31-Mar-2018 13-Feb-2018 31-Dec-2017 3 56,580 7,197 5,355 5,003 - 180,599 - % 9.46% 2.77% 516,000 10.97 10.97 0.97 0.97 0.00 0.00 0.3500 0.35   4.19%   -22.52% 29-Dec-2017 0.825 7.52 85.09 2.36 1.18% 0.00% 13-Feb-2018 0.78 7.11 80.45 2.23 1.24% 0.00%
31-Mar-2018 22-Nov-2017 30-Sep-2017 2 55,803 6,536 4,883 4,802 - 175,440 - % 8.75% 2.74% 516,000 10.81 10.81 0.93 0.93 0.00 0.00 0.3400 0.34   2.91%   30.67% 29-Sep-2017 0.91 8.41 97.78 2.68 1.02% 0.00% 22-Nov-2017 0.835 7.72 89.73 2.46 1.11% 0.00%
31-Mar-2018 22-Aug-2017 30-Jun-2017 1 45,435 6,293 4,741 4,666 - 175,440 - % 10.43% 2.66% 516,000 8.81 8.81 0.90 0.90 0.00 0.00 0.3400 0.34   -28.06%   -27.49% 30-Jun-2017 0.935 10.62 103.40 2.75 0.97% 0.00% 22-Aug-2017 0.90 10.22 99.53 2.65 1.00% 0.00%
31-Mar-2017 24-May-2017 31-Mar-2017 4 58,182 10,236 6,909 6,486 7,740 170,280 119.33% 11.87% 3.81% 516,000 11.28 11.28 1.26 1.26 1.50 1.50 0.3300 0.33   0.45%   40.39% 31-Mar-2017 0.845 7.49 67.22 2.56 1.49% 1.78% 24-May-2017 1.05 9.31 83.53 3.18 1.20% 1.43%
31-Mar-2017 22-Feb-2017 31-Dec-2016 3 62,814 8,509 6,626 6,457 - 159,960 - % 10.55% 4.04% 516,000 12.17 12.17 1.25 1.25 0.00 0.00 0.3100 0.31   75.70%   -2.02% 30-Dec-2016 0.815 6.70 65.13 2.63 1.54% 0.00% 22-Feb-2017 0.88 7.23 70.32 2.84 1.42% 0.00%
31-Mar-2017 17-Nov-2016 30-Sep-2016 2 54,474 4,981 3,725 3,675 - 159,960 - % 6.84% 2.30% 516,000 10.56 10.56 0.71 0.71 0.00 0.00 0.3100 0.31   -42.89%   -68.68% 30-Sep-2016 0.995 9.43 139.71 3.21 0.72% 0.00% 17-Nov-2016 0.86 8.15 120.75 2.77 0.83% 0.00%
31-Mar-2017 17-Aug-2016 30-Jun-2016 1 61,720 8,665 6,598 6,435 - 165,119 - % 10.69% 3.90% 516,000 11.96 11.96 1.25 1.25 0.00 0.00 0.3200 0.32   39.29%   -17.75% 30-Jun-2016 1.02 8.53 81.79 3.19 1.22% 0.00% 17-Aug-2016 1.03 8.61 82.59 3.22 1.21% 0.00%
31-Mar-2016 27-May-2016 31-Mar-2016 4 67,476 6,660 4,743 4,620 7,740 159,960 167.53% 7.03% 2.89% 516,000 13.08 13.08 0.90 0.90 1.50 1.50 0.3100 0.31   -29.89%   -42.55% 31-Mar-2016 1.02 7.80 113.92 3.29 0.88% 1.47% 27-May-2016 1.03 7.88 115.04 3.32 0.87% 1.46%
31-Mar-2016 24-Feb-2016 31-Dec-2015 3 63,478 7,356 6,590 6,590 - 149,639 - % 10.38% 4.40% 516,000 12.30 12.30 1.28 1.28 0.00 0.00 0.2900 0.29   -43.83%   -31.65% 31-Dec-2015 1.16 9.43 90.83 4.00 1.10% 0.00% 24-Feb-2016 1.05 8.54 82.22 3.62 1.22% 0.00%
31-Mar-2016 19-Nov-2015 30-Sep-2015 2 69,137 15,298 11,733 11,733 - 134,159 - % 16.97% 8.75% 516,000 13.40 13.40 2.27 2.27 0.00 0.00 0.2600 0.26   49.96%   2.97% 30-Sep-2015 1.10 8.21 48.38 4.23 2.07% 0.00% 19-Nov-2015 1.12 8.36 49.26 4.31 2.03% 0.00%
31-Mar-2016 19-Aug-2015 30-Jun-2015 1 60,018 10,268 7,824 7,824 - 139,320 - % 13.04% 5.62% 516,000 11.63 11.63 1.52 1.52 0.00 0.00 0.2700 0.27   -2.71%   -22.36% 30-Jun-2015 1.46 12.55 96.29 5.41 1.04% 0.00% 19-Aug-2015 1.16 9.97 76.50 4.30 1.31% 0.00%
31-Mar-2015 21-May-2015 31-Mar-2015 4 69,717 10,326 8,042 8,042 9,030 129,000 112.29% 11.54% 6.23% 516,000 13.51 13.51 1.56 1.56 1.75 1.75 0.2500 0.25   -16.59%   -21.47% 31-Mar-2015 1.48 10.95 94.96 5.92 1.05% 1.18% 21-May-2015 1.48 10.95 94.96 5.92 1.05% 1.18%
31-Mar-2015 25-Feb-2015 31-Dec-2014 3 66,130 12,638 9,641 9,641 - 123,839 - % 14.58% 7.79% 516,000 12.82 12.82 2.02 2.02 0.00 0.00 0.2400 0.24   -15.39%   32.30% 31-Dec-2014 1.45 11.31 77.61 6.04 1.29% 0.00% 25-Feb-2015 1.50 11.70 80.28 6.25 1.25% 0.00%
31-Mar-2015 18-Nov-2014 30-Sep-2014 2 67,886 15,484 11,395 11,395 - 116,099 - % 16.79% 9.81% 258,000 26.31 13.16 4.42 2.21 0.00 0.00 0.4500 0.22   13.08%   59.37% 30-Sep-2014 3.56 13.53 80.60 7.91 1.24% 0.00% 18-Nov-2014 1.63 6.19 36.91 3.62 2.71% 0.00%
31-Mar-2015 19-Aug-2014 30-Jun-2014 1 74,142 13,719 10,077 10,077 - 116,099 - % 13.59% 8.68% 258,000 28.74 14.37 3.91 1.95 0.00 0.00 0.4500 0.22   -1.60%   58.99% 30-Jun-2014 2.99 10.40 76.55 6.64 1.31% 0.00% 19-Aug-2014 3.35 11.66 85.77 7.44 1.17% 0.00%
31-Mar-2014 21-May-2014 31-Mar-2014 4 75,539 10,197 10,241 10,241 7,740 105,779 75.58% 13.56% 9.68% 258,000 29.28 14.64 3.97 1.98 3.00 1.50 0.4100 0.20   40.54%   51.54% 31-Mar-2014 2.95 10.08 74.32 7.20 1.35% 1.02% 21-May-2014 3.00 10.25 75.58 7.32 1.32% 1.00%
31-Mar-2014 19-Feb-2014 31-Dec-2013 3 59,657 9,816 7,287 7,287 - 92,880 - % 12.21% 7.85% 258,000 23.12 11.56 2.82 1.41 0.00 0.00 0.3600 0.18   1.92%   15.61% 31-Dec-2013 2.60 11.24 92.05 7.22 1.09% 0.00% 19-Feb-2014 2.80 12.11 99.14 7.78 1.01% 0.00%
31-Mar-2014 25-Nov-2013 30-Sep-2013 2 55,294 9,646 7,150 7,150 - 85,140 - % 12.93% 8.40% 258,000 21.43 10.72 2.77 1.39 0.00 0.00 0.3300 0.17   12.81%   36.42% 30-Sep-2013 1.76 8.21 63.51 5.33 1.57% 0.00% 25-Nov-2013 2.40 11.20 86.60 7.27 1.15% 0.00%
31-Mar-2014 20-Aug-2013 30-Jun-2013 1 51,530 8,521 6,338 6,338 - 85,140 - % 12.30% 7.44% 258,000 19.97 9.99 2.46 1.23 0.00 0.00 0.3300 0.17   -6.21%   - % 28-Jun-2013 1.39 6.96 56.58 4.21 1.77% 0.00% 20-Aug-2013 1.75 8.76 71.24 5.30 1.40% 0.00%
31-Mar-2013 29-May-2013 31-Mar-2013 4 34,553 7,610 6,758 6,758 5,160 79,980 76.35% 19.56% 8.45% 258,000 13.39 6.70 2.62 1.31 2.00 1.00 0.3100 0.16   7.22%   - % 29-Mar-2013 0.995 7.43 37.99 3.21 2.63% 2.01% 29-May-2013 1.40 10.45 53.45 4.52 1.87% 1.43%
31-Mar-2013 19-Mar-2013 31-Jan-2013 3 44,031 8,069 6,303 6,303 - 72,240 - % 14.31% 8.73% 258,000 17.07 8.53 2.44 1.22 0.00 0.00 0.2800 0.14   20.26%   58.69% 31-Jan-2013 0.945 5.54 38.68 3.38 2.59% 0.00% 19-Mar-2013 1.01 5.92 41.34 3.61 2.42% 0.00%
30-Apr-2013 14-Dec-2012 31-Oct-2012 2 45,203 7,161 5,241 5,241 - 69,660 - % 11.59% 7.52% 258,000 17.52 8.76 2.03 1.02 0.00 0.00 0.2700 0.14   -3.53%   62.31% 31-Oct-2012 0.88 5.02 43.32 3.26 2.31% 0.00% 14-Dec-2012 0.87 4.97 42.83 3.22 2.33% 0.00%
30-Apr-2013 13-Sep-2012 31-Jul-2012 1 42,047 7,353 5,433 5,433 - 64,500 - % 12.92% 8.42% 258,000 16.30 8.15 2.11 1.05 0.00 0.00 0.2500 0.12   - %   49.83% 31-Jul-2012 0.77 4.72 36.57 3.08 2.73% 0.00% 13-Sep-2012 0.83 5.09 39.41 3.32 2.54% 0.00%
31-Mar-2013 30-Jun-2012 1 - - - - - - - % - % - % 258,000 - - - - - - - -   - %   - % 29-Jun-2012 0.78 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
30-Apr-2012 28-Jun-2012 30-Apr-2012 4 43,116 7,371 8,082 8,082 3,870 59,340 47.88% 18.74% 13.62% 258,000 16.71 8.36 3.13 1.57 1.50 0.75 0.2300 0.12   - %   113.58% 30-Apr-2012 0.765 4.58 24.42 3.33 4.09% 1.96% 28-Jun-2012 0.77 4.61 24.58 3.35 4.07% 1.95%
31-Mar-2012 31-Mar-2012 4 - - - - - 59,340 - % - % - % 258,000 - - - - - - 0.2300 0.12   - %   - % 30-Mar-2012 0.795 0.00 0.00 3.46 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
30-Apr-2012 22-Mar-2012 31-Jan-2012 34,823 5,398 3,972 3,972 - 51,600 - % 11.41% 7.70% 258,000 13.50 6.75 1.54 0.77 0.00 0.00 0.2000 0.10   23.01%   40.01% 31-Jan-2012 0.80 5.93 51.96 4.00 1.92% 0.00% 22-Mar-2012 0.80 5.93 51.96 4.00 1.92% 0.00%
30-Apr-2012 16-Dec-2011 31-Oct-2011 2 36,571 4,629 3,671 3,229 - 40,930 - % 10.04% 7.89% 227,394 16.08 7.09 1.42 0.63 0.00 0.00 0.1800 0.08   -10.95%   - % 31-Oct-2011 0.655 4.07 46.13 3.64 2.17% 0.00% 16-Dec-2011 0.845 5.25 59.51 4.69 1.68% 0.00%
30-Apr-2012 23-Sep-2011 31-Jul-2011 1 35,147 4,839 3,552 3,626 3,225 46,440 88.94% 10.11% 7.81% 258,000 13.62 6.81 1.38 0.70 1.25 0.63 0.1800 0.09   -4.18%   - % 29-Jul-2011 0.65 4.77 46.25 3.61 2.16% 1.92% 23-Sep-2011 0.595 4.37 42.34 3.31 2.36% 2.10%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


Analyze this stock with MQ Trader system
  5 people like this.
 
DreamMaster Very good
21/11/2020 10:31 PM
DreamMaster Excellent
21/11/2020 10:31 PM
DreamMaster Well done
21/11/2020 10:31 PM
DreamMaster Congratulations
21/11/2020 10:31 PM
DreamMaster Keep surging
21/11/2020 10:32 PM
DreamMaster Good luck
21/11/2020 10:32 PM
Kang Yao Great, revenue back to normal, and operating margin improves. slow and steady counter, requires lots of patience
24/11/2020 8:06 PM
yangxi I think biomass boiler, oil & Gas boilers and heat recovery
steam generators (revenue&profit) getting lower.

Solar segment help boilermech get more income .. good move !!
24/11/2020 8:54 PM
Shadow Fiend @yangxi, boiler is still doing well because they stated "Apart inclusive of solar segment, the increased of revenue also contributed by higher deliveries (I deem it refer to boiler)".

Net cash increased 37% yoy to RM70m from RM51m after deducting borrowings and Board is confident about future earnings based on outstanding order book but with condition Covid-19 is under control.
24/11/2020 10:37 PM
LongTermInvestor8 Will the market crash if budget 2021 cannot be passed this coming Thursday (26/10/2020)? These are the 4 possible scenarios:

1. Parliament will be dissolved and a snap election will be called
2. A state of Emergency in the whole country will be declared by YDPA
3. Muhyiddin will resign and YDPA will appoint an interim PM
4. YDPA will appoint a new PM who has majority MPs support. A new budget 2021 also will be tabled by the new appointed PM.

Will the market go down? Will it crash? Take profit now or wait?
25/11/2020 12:03 AM
sdaew ahhsd @LongTermInvestor8 biden is more prefer solar energy than o&g what do u think will drop or move up?
25/11/2020 7:59 AM
DJThong Going to fly . This is the future
27/11/2020 4:17 PM
DepecheM Will break 1.00 soon.
01/12/2020 10:31 AM
Kawan88 suspended for tmr.. time to gogogo
02/12/2020 10:09 PM
Shadow Fiend Good or Bad announcement? XD
02/12/2020 11:06 PM
DJThong 1.20 by year end minimum
03/12/2020 3:12 PM
Kawan88 limit up tomorrow....
03/12/2020 4:20 PM
thebline The Board of Directors of Boilermech (“Board”) wishes to announce that the Board has today received a notice of conditional mandatory take-over offer (“Notice”) from UOBKH on behalf of the Offeror, a wholly owned-subsidiary of QL Resources Berhad, to acquire all the remaining ordinary shares in Boilermech not already held by the Offeror (“Offer Shares”) for a cash offer price of RM0.95 per Offer Share (“Offer”).

Pursuant to Paragraph 3.06 of the Rules on Take-overs, Mergers and Compulsory Acquisitions, an independent adviser will be appointed by the Board in due course to provide comments, opinions, information and recommendation on the Offer to the non-interested directors and holders of the Offer Shares.

A copy of the Notice is attached herewith and will be posted to the holders of the Offer Shares within 7 days from the date of this Announcement.

This announcement is dated 3 December 2020.
03/12/2020 7:18 PM
Shadow Fiend Ain't gonna accept the take over since the company prospect is bright with green energy, at the price of RM0.95/share, it is not attractive to minority shareholders as the net cash in the company already worth RM0.14/share.

So using price of RM0.81/share to take over, the offeror is in an advantage to buy a bright prospect business which able to generate income of RM30m - RM50m annually with merely RM418m that translated P/E of 8.3 - 13.9 which hasn't include contribution from the recent acquired solar energy yet.

Offeror is smart to take over now driven by recently high CPO prices, worldwide inclination for green energy leading by US, largest biomass boiler manufacturer in South East Asia, recent high CAPEX of RM21.1m in Indonesia for expansion in FY2020 as compared to annual CAPEX of RM1.0m - RM2.0m.
03/12/2020 9:59 PM
yangxi what happen if i no selling ... keep holding?
04/12/2020 7:41 AM
Shadow Fiend Since QL intends to maintain the listing of Boilerm, nothing will happen if you are not selling unless QL acquired > 75% of equity interest.
04/12/2020 8:58 AM
changyl First time encounter this, I will keep both Boilerm & QL.
04/12/2020 9:20 AM
Shadow Fiend Me too, first time.
04/12/2020 9:27 AM
Shadow Fiend Don't hesitate to consult your remisier as it's their scope of work, don't waste your brokerage fee for nothing =D
04/12/2020 10:04 AM
Angel of KLSE 大马股仙 I morning ask my remisier until now still no answer. My question: if offeror intends to maintain the listing of boilerm, why offer to buy all the remaining shares?
04/12/2020 4:44 PM
Angel of KLSE 大马股仙 Now price is above offer price, which stupid would accept the offer?
04/12/2020 4:49 PM
zen_2k @angel i think they are just adhering to the SOP of the Securities Commission. Own certain sum, must attempt to take over smtg liddat
04/12/2020 4:57 PM
stockraider This is the regulation mah...!!

If above hold 33% & less than 50% holding they must not buy more than 2% a year, if buy above that trigger GO for everyone loh...!!


Posted by Angel of KLSE 大马股仙 > Dec 4, 2020 4:44 PM | Report Abuse

I morning ask my remisier until now still no answer. My question: if offeror intends to maintain the listing of boilerm, why offer to buy all the remaining shares?
04/12/2020 5:01 PM
DannyArcher @stockraider

Just bursa SOP only because they bought the 4% from one of the main shareholders, thus it automatically triggers a "mandatory take-over offer" based on the existing law, QL already said they have no intention of delisting it and they simply give a figure of the last transaction price of 95 cent, which they have no intention of buying any from the open market.

Nothing changed, those that bought now hoping QL will offer higher price to mop up all the remaining shares don't understand the whole situation. QL is not buying all of the remaining share, not 1 unit more. QL is not delisting BM. QL is just buying up the 4% held by one of the directors or whomever he is. That's all.
04/12/2020 5:25 PM
stockraider What does this cpo price trend below tell U leh ??

Date Settlement Price RM
3 Dec 20 3332
2 Dec 20 3316
1 Dec 20 3347
30 Nov 20 3305
27 Nov 20 3338
26 Nov 20 3227
25 Nov 20 3285
24 Nov 20 3249
23 Nov 20 3326
20 Nov 20 3288

Ans; Rising CPO price and Rising Profit loh!!

Until Sept latest qtr result cpo average is roughly rm 2600 mah!!

December QTR we will be seeing conservatively Average Price Rm 3200, that is 23% increase in price n this increase revenue will all goes to the bottom line profit as there are no cost applicable to revenue generated from price increase loh...!!

Just imagine if Average palm oil price is Rm 2800, U already see super strong profit loh!! But now we are at above 3500 loh...!!

Can U forecast & project what will palmoil company potential profit at rm 3500 cpo leh ?
05/12/2020 12:34 PM
stockraider That means the upside of palmoil above Rm 3500 is still sustainable going fwd loh!!


"Soya Bean Oil {SBO} price premium over CPO currently stand at USD 195 per tonne. Consumers in India, Pakistan and other sub continents are price sensitive."!
05/12/2020 3:57 PM
xjteh After overshooting the TP: 0.965, finally it started to retreat. Still it is a good buy. But, wait patiently for 2 buy-in level: BY1: 0.905, BY2: 0.845.
08/12/2020 4:57 PM
xjteh Angel of KLSE 大马股仙 Now price is above offer price, which stupid would accept the offer?
Angel: your question is answered as above. With price moves lower, u will accept the offer:)
08/12/2020 5:01 PM
Dartmaster best company ever . company of the future get on the ⛵
10/12/2020 2:39 PM
Axelrod This is silent solar player with QL as big boss, later dont miss it like solarvest or samaiden. TQ
10/12/2020 2:43 PM
Dartmaster green energy . reduce pollution solar what else can you ask
10/12/2020 2:43 PM
Shadow Fiend share price is in the path of reflecting its value, how high can it go?
10/12/2020 3:44 PM
Orlando Current price too high

No one wil sell to QL

Without QL holding a bigger stake can't enjoy d goodness tat QLcan bring

Wil remain same old lousy co
17/12/2020 10:16 AM
60108599233_Jack BOILERM :
- Entry: <1.08
- Cut Loss: 1.03
- Risk: 4.63%
- MACD: 0.0058

TP Valid for Swing only:
- TP1: 1.12
- TP2: 1.16
17/12/2020 5:27 PM
Kang Yao why would they want to offer this when they can buy quitely on market? my guess is they just want to pull a break on the running share price. but after this, the price can continue its momentum.
18/12/2020 9:21 PM
Sinoboy Hmmm, can't sustain above rm1...
05/01/2021 7:32 PM
anicca Hi guys what will happen to this share after closing date of take over acceptance 14Jan2020 ? I did not accept the take over
11/01/2021 6:43 AM
Sinoboy I didn't either. How
11/01/2021 8:11 PM
damiel QL had launched the takeover on Dec 4, after it had entered into an unconditional share acquisition agreement with Leong Yew Cheong — Boilermech’s managing director — to buy 20.64 million shares, representing 4% equity interest for a total cash consideration of RM19.61 million or 95 sen per share.
13/01/2021 11:43 AM
damiel QL said the offer was deemed as a technical general take-over offer, and that it intended to maintain the listing status of Boilermech.QL currently controls a 48.41% stake or 249.79 million shares in Boilermech.
13/01/2021 11:43 AM
trend_first Can we still sell the shares in bursa after the take over? I thought after the take over, Boilermech Bhd will be delisted.
15/01/2021 5:15 PM
anicca yes i also wonder what will happen after closing date (been extended 2weeks)?? will Boilerm shares still tradeable as usual?
15/01/2021 7:04 PM
Sinoboy Apparently, ql resources will maintain listing of boilermech after take over. Better to confirm with broker or remisier
16/01/2021 12:26 AM
trend_first Check bursa announcement on 4th Dec by the independant adviser to s/holders, confirm the listing status will be maintained. They also advise s/holders to reject the offeror RM0.95 offer price as the price is not fair and not reasonable.
16/01/2021 2:23 PM
trend_first Extracted from the bursa announcement:

Based on the above, we are of the view that the Offer for the Offer Shares
is NOT REASONABLE as Holders who do not wish to accept the Offer
would have the following options:
(i) to continue to hold on to their Boilermech Shares as QL Resources
Board envisages that the biomass and solar energy sector will
provide a strong growth impetus to Boilermech Group due to the
rising demand as the preferred renewable energy sources as
stated in the rationale and the Offeror’s future plans for Boilermech
Group as stated in Sections 3 and 8 of the Offer Document
respectively; or
(ii) to trade or sell their Boilermech Shares in the open market if the
market price is higher than the Offer Price as the trading of
Boilermech Shares is liquid.
16/01/2021 2:27 PM