Highlights
KLSE: BSTEAD (2771)       BOUSTEAD HOLDINGS BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.16   -0.03 (2.52%)  1.15 - 1.19  349,500
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Financials


Market Cap: 2,351 Million

Market Cap 2,351 Million
NOSH 2,027 Million

Latest Audited Result:  31-Dec-2017

Latest Audited Result: 31-Dec-2017
Announcement Date 14-Mar-2018
Next Audited Result: 31-Dec-2018
Est. Ann. Date: 14-Mar-2019
Est. Ann. Due Date: 29-Jun-2019

Latest Quarter:  31-Dec-2018 [#4]

Latest Quarter: 31-Dec-2018 [#4]
Announcement Date 28-Feb-2019
Next Quarter: 31-Mar-2019
Est. Ann. Date: 31-May-2019
Est. Ann. Due Date: 30-May-2019
QoQ | YoY   -6,332.88%  |    -628.46%

Annual (Unaudited) ( EPS: -23.15, P/E: -5.01 )

Revenue | NP to SH 10,186,400  |  -469,200
RPS | P/RPS 502.54 Cent  |  0.23
EPS | P/E | EY -23.15 Cent  |  -5.01  |  -19.96%
DPS | DY | Payout % 5.00 Cent  |  4.31%  |  - %
NAPS | P/NAPS 2.65  |  0.44
YoY   -201.56%
NP Margin | ROE -4.79%  |  -8.74%
F.Y. | Ann. Date 31-Dec-2018  |  28-Feb-2019

T4Q Result ( EPS: -23.15, P/E: -5.01 )

Revenue | NP to SH 10,186,400  |  -469,200
RPS | P/RPS 502.54 Cent  |  0.23
EPS | P/E | EY -23.15 Cent  |  -5.01  |  -19.96%
DPS | DY | Payout % 5.00 Cent  |  4.31%  |  - %
NAPS | P/NAPS 2.65  |  0.44
QoQ | YoY   -752.57%  |    -201.56%
NP Margin | ROE -4.79%  |  -8.73%
F.Y. | Ann. Date 31-Dec-2018  |  28-Feb-2019

Annualized Result ( EPS: -23.15, P/E: -5.01 )

Revenue | NP to SH 10,186,400  |  -469,200
RPS | P/RPS 502.54 Cent  |  0.23
EPS | P/E | EY -23.15 Cent  |  -5.01  |  -19.96%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -2,378.17%  |    -201.56%
NP Margin | ROE -4.79%  |  -8.73%
F.Y. | Ann. Date 31-Dec-2018  |  28-Feb-2019



Business Performance

Business Performance (By Quarter)

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 3 / 4 75.00% 3 / 8 37.50%
Total Positive Profit Years 2 / 4 50.00% 6 / 8 75.00%
Continuous Quarters Of Positive Profit 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Profit Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted EPS Growth 0 / 4 0.00% 0 / 8 0.00%
Total Dividend Years 3 / 4 75.00% 7 / 8 88.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE -2.18% -0.11%
Average Net Profit Margin -3.86% 2.67%

Business Performance (By Year)

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Years Of Revenue Growth 2 / 5 40.00% 2 / 10 20.00%
Total Positive Profit Years 4 / 5 80.00% 9 / 10 90.00%
Continuous Years Of Positive Profit 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Profit Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Adjusted EPS Growth 0 / 5 0.00% 0 / 10 0.00%
Total Dividend Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Dividend 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Dividend Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Adjusted Dps Growth 0 / 5 0.00% 0 / 10 0.00%
Average ROE 2.32% 6.61%
Average Net Profit Margin 3.62% 5.46%

Key Result

Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 10,186,400 10,186,400 10,186,400 8,940,120 9,569,700
NP to SH -469,200 -469,200 -469,200 316,840 156,640
Dividend 101,350 101,350 101,339 276,844 230,835
Adjusted EPS -23.15 -23.15 -23.15 15.63 7.73
Adjusted DPS 5.00 5.00 5.00 13.66 11.39

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.


Growth

Growth (By Quarter)

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue 18.94% 8.54% 1.66% 18.77% 19.75%
NP to Owner -6,332.88% -628.46% -201.56% -287.89% -50,455.56%
Dividend 0.00% 0.00% -54.55% 0.00% 0.00%
Adj. EPS -6,332.88% -628.46% -201.56% -287.89% -50,455.22%
Adj. DPS 0.00% 0.00% -54.55% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

Growth (By Year)

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 0.00% 6.44% 13.94% 0.00% 6.44% 13.94% 1.66% 6.44% 13.94%
NP to Owner 0.00% -399.54% -248.09% 0.00% -399.54% -248.09% -201.56% -399.54% -248.09%
Dividend 0.01% -56.09% -63.39% - % - % - % -54.55% -56.10% -63.39%
Adj. EPS 0.00% -399.53% -248.08% 0.00% -399.54% -248.09% -201.56% -399.54% -248.09%
Adj. DPS 0.00% -56.10% -63.40% - % - % - % -54.55% -56.10% -63.39%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

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129055444514385 Many listed companies under its portfolio :)


Today the Boustead Group has an active interest in six primary sectors of the Malaysian economy namely, plantation (BPlant), property (e.g.Boustead Properties Berhad) , pharmaceutical(Pharmaniaga Bhd), heavy industries (BHIC), finance & investment(Affin Bank), and trading & industrial(e.g.UAC Berhad) .

The Group has grown from strength to strength and is a firm believer in delivering shareholder value. Underpinning its solid foundation are its diversified core businesses, which have enabled the Group to remain resilient over these many years.

The Group's strength lies in the ability to seek opportunities, deliver consistent growth and build talent. With more than 17,000 employees, Boustead is committed to raising the bar in developing Malaysia's human capital. We continue to strive for excellence to become the preferred choice for customers, shareholders and employees.

The success of Boustead Holdings Berhad is a reflection of the commitment, dedication and integrity of its major shareholder, Lembaga Tabung Angkatan Tentera.
14/05/2019 10:01 AM
129055444514385 UAC Berhad (UAC) was chosen to supply UCO SolidPanel products for the
dilapidated school project, a school renovation and restoration project.
UCO SolidPanel products were selected given their various beneficial
properties, such as a two-hour fire rating, durability, high impact resistance
and rapid construction.
Apart from that, using 14,000 pieces of UCO SolidPanel products,
Singapore-based developer, Beverly Group in collaboration with Mapletree
Investments from Singapore and Lai Sun Group from Hong Kong, completed
UAC’S PRODUCTS
USED IN VARIOUS PROJECTS
the construction of two 30-storey
towers, housing a total of 460 units
of Lexa Residences, a freehold mixed
development of serviced apartments
and retail property in The Quartz,
Wangsa Maju. UCO SolidPanel products
were used for internal walls such as
rooms, bathrooms, kitchens, and living
rooms, riser rooms, corridors and fire
escape staircases. The UCO SolidPanel
installation was successfully completed
on September 2018.
14/05/2019 10:03 AM
129055444514385 Dear fellow Bousteadians,

The year 2018 was undoubtedly
a challenging one for the Group,
as our Divisions were affected
by turbulent market conditions.
Nevertheless, despite the
demanding environment, we are
confident in our ability to persevere
and reinforce our position as a
leading Malaysian conglomerate.
While our profitability was
impacted, we continued to record a
sound revenue of RM10.2 billion for
the financial year. This is testament
to the fact that our Divisions were
able to generate business even
amidst trying circumstances.
Certainly, challenges are not new
to this Group. Over these past
decades, we have weathered
through many storms, as our
diversified nature has enabled us
to remain resilient and withstand
the test of time.
On this note, it would be remiss
of me if I did not extend our
sincere gratitude to our former
Deputy Chairman/Group Managing
Director, YBhg. Tan Sri Dato’ Seri
Lodin Wok Kamaruddin, for his
many years at the helm of the
Group. Many of us have learned


Staf Boustead yang dihargai,
Tahun 2018 tidak disangsikan lagi merupakan satu tahun
yang cukup mencabar buat Kumpulan di mana Bahagianbahagian kita terjejas akibat keadaan pasaran yang bergolak.
Namun begitu, meskipun persekitaran adalah mendesak,
kita yakin dengan keupayaan kita untuk terus bertahan dan
memperkukuh kedudukan kita sebagai sebuah konglomerat
utama di Malaysia.
Walaupun keuntungan Kumpulan menyusut, kita masih dapat
mencatatkan pendapatan yang baik sebanyak RM10.2 bilion
untuk tahun kewangan ini. Ini adalah bukti bahawa Bahagianbahagian kita dapat menjana perniagaan walaupun dalam
keadaan sukar.
Cabaran sudah pasti bukanlah perkara baru buat Kumpulan.
Sepanjang dekad yang lalu, kita berjaya mengatasi
pelbagai rintangan memandangkan sifat kepelbagaian kita
membolehkan Kumpulan kekal berdaya tahan dan tabah
menghadapi ujian masa.
Sehubungan dengan ini, saya mengambil kesempatan untuk
menzahirkan rasa terhutang budi kepada bekas Timbalan
Pengerusi/Pengarah Urusan Kumpulan, YBhg. Tan Sri Dato’
Seri Lodin Wok Kamaruddin yang telah menerajui Kumpulan
ini selama beberapa tahun. Ramai di antara kita telah banyak
belajar daripada beliau secara peribadi dan kita sungguh
berterima kasih di atas pandangan, bimbingan dan kepimpinan
beliau. Semoga beliau berjaya dan selamat sejahtera.
Ketika mengorak langkah ke hadapan, kita perlulah
mengharapkan yang terbaik dan positif buat prestasi Kumpulan.
Asas ekonomi negara kita kekal kukuh dan landskap ekonomi
dalam negeri dijangka mengalami perkembangan yang stabil.
Memandangkan Kumpulan terlibat dalam beberapa sektor
utama ekonomi, faktor-faktor ini beserta dorongan berterusan
untuk berjaya akan membantu kita melonjak ke hadapan.
Pada keseluruhannya, kita didorongi oleh prospek jangka panjang
yang positif. Berbekalkan asas kita yang kukuh, Kumpulan
bersedia untuk memanfaatkan segala peluang serta kaedah
baharu yang ada untuk pertumbuhan Bahagian-bahagian kita.
Memandang ke hadapan, kita percaya dengan keadaan
persekitaran masa kini, staf Boustead lebih terdorong untuk
meningkatkan lagi usaha mereka bagi mencapai kejayaan yang
lebih besar.
Saya yakin Kumpulan dapat menyaksikan momentum
perkembangan yang positif pada tahun yang akan datang jika
kita bekerjasama sebagai satu pasukan.
Terima kasih.
Dato’ Sri Ghazali Mohd Ali
much from him personally and we are
thankful for his vision, guidance and
leadership. We wish him all the very
best.
As we move forward, there is every
reason to see a silver lining for the
Group’s performance. Our nation’s
economic fundamentals remain solid,
with the domestic economic landscape
expected to see steady expansion.
Given that the Group participates in key
sectors of the economy, these factors
along with our continuous drive to
succeed will help to propel us forward.
Overall, we are encouraged by positive
long-term prospects. Building on our
strong foundation, the Group is poised
to tap on opportunities and new avenues
of growth for our various Divisions.
Looking ahead, we believe that with
the current environment, there is all
the more incentive for all Bousteadians
to step up their efforts as we strive
towards achieving greater success.
By working together as a team, I am
optimistic that the Group will be able to
see positive momentum in the coming
year.
Thank you
14/05/2019 10:06 AM
129055444514385 :)

Boustead optimistic about reversing financial fortunes
Arjuna Chandran Shankar

The Edge Financial Daily

April 25, 2019 10:14 am +08
This article first appeared in The Edge Financial Daily, on April 25, 2019.

PETALING JAYA: Boustead Holdings Bhd is positive it can reverse its financial fortunes this year, from the RM469.2 million net loss last year.

Its executive director Datuk Seri Ghazali Mohd Ali said the group is “definitely expecting” to turn a profit this year as it has the key ingredients such as its assets, manpower, plans and a new direction from incoming managing director Datuk Seri Amrin Awaluddin.

“We do have turnaround plans and have been liaising with him (Amrin) who will be on board officially on May 6.

“We will be discussing [the plans] with him and the board of directors before we go ahead and implement them,” he told reporters after the group’s annual general meeting (AGM) yesterday.

For financil year ended Dec 31, 2018 (FY18) it recorded a net loss compared to a net profit of RM436.2 million in FY17. Revenue during the period fell to RM10.19 billion from RM10.24 billion previously.

Asked if the group was looking to dispose of more assets, Ghazali said there would potentially be “one or two” and that the management would look at the entire group to see which assets merit selling.

“These [potential disposals] are all part of a strategy that needs to be discussed,” he said, without giving further details.

The group is in the midst of selling its Royale Chulan Bukit Bintang Hotel for RM197 million to Singapore-based Hotel Royal Ltd.

Ghazali said such asset sales would be used to reduce its borrowings and pay for the deposits of new tracts of land.

The group’s wholly-owned subsidiary UAC Bhd is set to be a key growth driver, said Boustead Holdings industrial division director Datuk Koo Hock Fee.

Koo said UAC has been aggressive in promoting its industrial building system which has potential growth on account of the government’s drive for affordable housing.

Ghazali added that its trading segment, which also includes BH Petrol Sdn Bhd which operates BHPetrol petrol stations nationwide, is an area of growth.

In FY18, the group posted a gearing level of 0.9 times, from the 0.7 times registered in FY17. It registered an increase in borrowings to RM1.4 billion .

Boustead Holdings chief operating officer (COO) and group finance director Fahmy Ismail said the borrowings increase was the resultant of its acquisition of Pertama Estates in Sabah, as well as drawdown’s and part of the operation requirements of its other businesses.
14/05/2019 10:10 AM
129055444514385 Very diversified,Wow! can sell one of this listed companies, banyak duit masuk! :)

BHP Petrol Station, Affin Bank, BPlant, Pharmaniga Bhd, UAC Bhd, Boustead Properties Bhd, BHIC, etc are all under Boustead Holdgs Bhd...
14/05/2019 10:18 AM
129055444514385 Just buy boustead for diversifying your risk, no need to buy multiple stocks :)

BHP Petrol Station, Affin Bank, BPlant, Pharmaniga Bhd, UAC Bhd, Boustead Properties Bhd, BHIC, etc are all under Boustead Holdgs Bhd...
14/05/2019 10:20 AM
129055444514385 BSTEAD Financial Information
Market Capital (RM)
: 2.432b
Number of Share
: 2.027b
Dividend (cent)
: 11.000 ^
Dividend Yield (%)
: 9.17
Dividend Policy (%)
: 70 Details
NTA (RM)
: 2.650
Par Value (RM)
: 0.500

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
^ Total dividend amount declared for financial year ended 2017-12-31.

ENTITLEMENT NEWS
COMPANY NAME BOUSTEAD HOLDINGS BERHAD
STOCK CODE/SHORT NAME BSTEAD/2771
ANNOUNCEMENT DATE 25 Feb 2011
SUBJECT Dividend Policy Announcement

REMARKS
We are pleased to announce the dividend policy of Boustead Holdings Berhad (“BHB or Company”) following the review and approval by the Board of Directors of the Company (“Board”). It is the Board’s intention to pay dividends to allow shareholders to participate in the profits of BHB. The dividend policy is in line with the Board’s intention to adopt a policy of active capital management where the Board endeavours to declare an interim dividend at the end of each quarter of the financial year in order that shareholders may enjoy a distribution on a regular basis. In this regard, the Company’s ability to pay dividends would depend upon factors such as business prospects, expansion and growth strategies, capital requirements, cash reserves and other factors the Board may deem relevant. Under the dividend policy, the Company intends to pay a minimum of 70% of its audited consolidated profit after taxation attributable to its shareholders for each financial year after appropriate adjustments for its profit retained by the associated companies and any unrealised income from fair value adjustments that are non-cash in nature. The dividend policy is effective for the 2011 financial year. As the Company is an investment holding company, its income, and therefore its ability to pay dividends or make distributions to shareholders, is dependent upon the dividends and other distributions that it receives from subsidiaries, associated companies and investments which in turn will depend upon their operating results, financial condition, capital expenditure plans and other factors that their respective board of directors deem relevant. The dividend policy reflects the Board’s current views on the Group’s financial position and the said policy will be reviewed from time to time. In recommending dividends, it is the Board’s policy to allow shareholders to participate directly in the Company’s profits whilst taking into account the retenti
14/05/2019 10:22 AM
129055444514385 Today is all time low after GE14 :)


Boustead group sees return to profitability
CORPORATE NEWS
Thursday, 25 Apr 2019

by intan farhana zainul

KUALA LUMPUR: Boustead Holdings Bhd is optimistic of a return to profitability despite recording a full year loss of almost half a billion ringgit last year, dragged down by its plantation and heavy industry businesses.

Its executive director Datuk Seri Ghazali Mohd Ali notes that Boustead is an asset-rich company which has potential for growth, but the company must continue to reinvent itself.

“What got us here, would not get us there.

“There is a clear prospect for the group ahead,” he told reporters after the group’s AGM yesterday.

The annual shareholders’ meeting lasted for almost three hours, which saw three out of 11 resolutions not carried, including Datuk Wira Megat Abdul Rahman Megat Ahmad’s removal as the director of Boustead.

He has been on the board of Boustead for more than 12 years.

Ghazali said that the group had laid out plans that include disposing of non-core assets and reducing stakes in some of its listed companies.

The company also plans on improving cost and operational efficiency.

“We have plans in place to turn around the company.

“We will be welcoming our new managing director Datuk Seri Amrin Awaluddin on May 6 and we will be discussing on bringing Boustead group to the next phase of growth,” he said.

Boustead shares have been under pressure, falling to its all-time low of RM1.22 a share last week after the group slipped into the red last year.

For the financial year 2018, Boustead registered a loss of RM469.2mil.

This compared with a net profit of RM690.14mil in FY17.

Its revenue for the period was marginally lower at RM10.18bil from RM10.23bil a year earlier.

Ghazali pointed out that asset monetisation has been part of the group strategy to disposed of its non-core assets.

“We are in the midst of disposing of our Royale Chulan Bukit Bintang Hotel located along Jalan Bukit Bintang,” he said.

The proceeds from the sale would be used to pare down the group’s borrowings,” he said.

Ghazali revealed that Boustead is eyeing to dispose of another one or two assets including its land in Jalan Cochrane and Mutiara Damansara, as well as some properties.

Boustead owned substantial stakes in several listed companies on Bursa Malaysia, namely Boustead Plantations Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

(57.4%), Boustead Heavy Industries Corp
image: https://cdn.thestar.com.my/Themes/img/chart.png

Bhd (65%), Affin Bank Bhd (20.7%) and Pharmaniaga Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

(56%).

When asked if Boustead Holdings would dispose some of its stakes in these companies, Ghazali hinted that it would be part of the said plan which will be discussed with Amrin.

“Amrin has vast experience, especially in property development and finance.

“We have put the framework in place to bring the company forward,” the executive director said.

Since December last year, there have been changes in the management and board of Boustead.

It started with the departure of its long-standing deputy chairman and managing director Tan Sri Lodin Wok Kamaruddin.

Lodin had served as Boustead MD since 1991.


Read more at https://www.thestar.com.my/business/business-news/2019/04/25/boustead-group-sees-return-to-profitability/#TTscyGDki2A8S8Xm.99









Shareholding Changes
Date of change Shares Director/
Substantial Shareholder
12 Apr 2019 Acquired
317,700 EMPLOYEES PROVIDENT FUND BOARD
03 Apr 2019 Disposed
350,000 EMPLOYEES PROVIDENT FUND BOARD
18 Jan 2019 Acquired
14,500 EMPLOYEES PROVIDENT FUND BOARD
14 Dec 2018 Acquired
139,900 EMPLOYEES PROVIDENT FUND BOARD
27 Nov 2018 Acquired
31,600 EMPLOYEES PROVIDENT FUND BOARD
20 Sep 2018 Acquired
20,000 LEMBAGA TABUNG ANGKATAN TENTERA
14 Sep 2018 Acquired
50,000 LEMBAGA TABUNG ANGKATAN TENTERA
13 Sep 2018 Acquired
50,000 LEMBAGA TABUNG ANGKATAN TENTERA
12 Sep 2018 Acquired
45,000 LEMBAGA TABUNG ANGKATAN TENTERA
07 Sep 2018 Acquired
50,000 LEMBAGA TABUNG ANGKATAN TENTERA
14/05/2019 10:34 AM
129055444514385 How many more assets to dispose in this group? :)

Quick take: Boustead shares up on assets disposal move
STOCK ON THE MOVE
Monday, 18 Mar 2019

10:04 AM MYT

KUALA LUMPUR: Shares of Boustead Holdings Bhd on Bursa Malaysia rose this morning, after the company disposed of its Royale Chulan Bukit Bintang Hotel for RM197mil in cash.


The counter rose marginally by 1.47%, or two sen to RM1.38 in thin volume.


Boustead has inked a sale and purchase agreement (SPA) today with Singapore's Hotel Royal Ltd to sell its Royale Chulan Bukit Bintang Hotel for RM197mil.


"The group is expected to realise a total estimated gain of RM92mil upon completion of the proposed disposal, translating into approximately 4.5 sen per share.


“This is indeed an attractive opportunity to enhance value for shareholders which resonates well with our business strategy," it said.


Boustead said the SPA was inked between its subsidiary, Boustead Hotels & Resorts Sdn Bhd and Hotel Royal's subsidiary, Every Room A Home Sdn Bhd.


But the SPA is conditional upon Hotel Royal obtaining the approval from the Economic Planning Unit of the Prime Minister’s Department of Malaysia, to acquire the property, it said.


Read more at https://www.thestar.com.my/business/business-news/2019/03/18/quick-take-boustead-shares-up-on-assets-disposal-move/#dzQAwXposJ65cUbJ.99
14/05/2019 10:35 AM
129055444514385 already on board now

Boustead Holdings Bhd has appointed former Sime Darby Property Bhd CEO Datuk Seri Amrin Awaluddin as its new managing director, confirming a report in The Edge Financial Daily yesterday.

Sime Darby Property announced yesterday that Amrin will be stepping down as its managing director on May 3, after serving the company in the position from September 2017.

Amrin came on board Sime Darby Property after the demerger of Sime Darby Bhd in 2017, which saw the listing of the group's property and plantation divisions.
14/05/2019 10:37 AM
129055444514385 Boustead revises price of ship contract
Publish date: Fri, 15 Mar 2019, 8:39 PM
KUALA LUMPUR, March 15 (Bernama) -- Boustead Holdings Bhd (BHB) today announced the revision of terms of contract for the supply of four littoral mission ships for the Royal Malaysian Navy.

In a filing with Bursa Malaysia, BHB said the government agreed that all four vessels would be built and delivered in China at a revised contract price of RM1.048 billion.

BHB was referring to an earlier announcement with regard to the signing of a contract between the Ministry of Defence Malaysia and Boustead Naval Shipyard Sdn Bhd, a subsidiary of BHB, for the supply of four littoral mission ships in collaboration with a partner shipyard in China.

Under the initial contract, the first two vessels would be built and delivered in China and the remaining two would be built and delivered in Malaysia for RM1.17 billion.

- Bernama
14/05/2019 10:39 AM
129055444514385 :)

2. NOTABLE POINTS:
a. the 2017 report show good earnings due to sale of (high development potential) plantation land 678 hectres, the received fund is applicable to purchase 11,600 hectres land at another location, considerably increase land available for oil palm plantation. The proposed purchase of land is in close proximity to existing estates, which increases overall economies of scale.
b. employing efficiency enhancing technologies in oil palm plantation, including using high oil yield clones of oil palm, use of beneficial microbes for reducing fertilizer usage, utilise GPS and drone technologies in field mapping, palm census and monitoring.
c. other well-known brands products distributed under this group include Kao (Biore, Laurier) and Cadbury Chocolate. Education institution include University of Nottingham Malaysia.
d. BHP Petrol stations number 380 in Malaysia, contribute significantly to company earnings

3. IS THIS COUNTER A STRONG GROWTH STOCK?
a. REVENUE RANGE (million): ~ 10,020 million in 2017 annual report, this is a high revenue company.
b. SHARE PRICE: share price on decreasing trend in last few years, decreased from ~ RM3.40 in 2013 to current share price of ~RM1.40.
c. EARNING PER SHARE (EPS): earning per share in last 5 years are fluctuating, from 0.8 to 29.2 sen per share
d. FUTURE POTENTIAL/PROSPECTS: for plantation segment, palm oil pricing depend on socio-economic factors, e.g. EU phasing out palm oil usage, India applying increased import tariffs on edible oils
e. CAPITAL EXPENDITURE (CAPEX): spending on purchase of new fixed assets is 253.7 million, around 1.4% of total assets.

4. IS THIS A STRONG DIVIDEND STOCK?
a. DIVIDEND YIELD: in 2017 report, dividend of 11sen per share payout declared, amount to dividend yield of 8.03% based on current share price.
b. CONSISTENCY: in last five years have consistent dividend payout to shareholders, however the amount of dividend paid on decreasing trend, 2013-2017 dividend payout were 30, 26, 20, 17.5 and 11 sen per share, respectively.

5. OTHER INDICATORS:
a. CASH FLOW: cash flow is positive, around 592 million
b. SUPPORT BY INSTITUTIONAL INVESTORS: there is presence of 8 institutional investors at top 30 major shareholders list, including Kumpulan Wang Persaraan, Lembaga Tabung Angkatan Tentera, EPF and few investment funds and insurance funds.

Disclaimer: The content of the blog posts are for sharing purpose only. Readers are encouraged to carry out further research and analysis as well as follow up latest update information before making any investment decisions.


at January 08, 2019


https://louisesinvesting.blogspot.com/2019/01/comments-on-boustead-holdings-berhad.html
14/05/2019 10:43 AM
129055444514385 likely to be reflected in Q2, 2019 :)


Boustead: To sell Royale Chulan Bukit Bintang hotel for RM197m. Boustead Holdings has entered into a sale and purchase agreement with Singapore’s Hotel Royal Ltd to dispose of Royale Chulan Bukit Bintang Hotel for a total cash consideration of RM197m. The proposed sale is expected to be completed by mid-2019. Boustead spokesperson said the disposal of this property forms part of the Group’s overall plan to return to profitability by way of divesting non-strategic assets the net book value.” The group is expected to realise a total estimated gain of RM92m upon completion of the proposed disposal. (StarBiz)
14/05/2019 11:13 AM
129055444514385 diversified GLC like Boustead is a better choice... BHP Petrol Stations, Pharmaniaga, BPlant, AffinBank, etc... all these are easy to dispose by the company if wanted.

Greatly undervalued by about RM2.4billion.... scary.... shareholders' funds =RM5.4bil, market cap only=RM3. pitiful.... new MD to unlock value asap :)

As at 31 December 2018, Boustead Holdings Berhad’s paid-up capital was RM2.7 billion while its shareholders’ funds stood at RM5.4 billion. Market capitalisation is currently in the region of RM3 billion.
14/05/2019 4:15 PM
129055444514385 grab before the chance is gone... EFP also continues to add...although holding more than 5% :)

[BSTEAD] Change In Substantial Shareholder's Shareholding - EMPLOYEES PROVIDENT FUND BOARD on 14-May-2019
Stock [BSTEAD]: BOUSTEAD HOLDINGS BHD
Announcement Date 14-May-2019
Substantial Shareholder's Particular:
Name EMPLOYEES PROVIDENT FUND BOARD
Details of Changes:
Currency -
Date of Change Type Number of Shares
09-May-2019 Acquired 53,900
Registered Name Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board
Nature of Interest Direct Interest
Nature of Interest Direct Interest
Shares Ordinary shares of RM0.50 each
Reason Acquired
Total no of securities after change
Direct (units) 103,525,848
Direct (%) 5.11
Indirect (units) 0
Indirect (%) 0.00
Total (units) 103,525,848
Total (%) 5.11
Date of Notice 10-May-2019
14/05/2019 4:31 PM
129055444514385 grab fast before EPF sapu aggressively :)

[BSTEAD] Change In Substantial Shareholder's Shareholding - EMPLOYEES PROVIDENT FUND BOARD on 14-May-2019
Stock [BSTEAD]: BOUSTEAD HOLDINGS BHD
Announcement Date 14-May-2019
Substantial Shareholder's Particular:
Name EMPLOYEES PROVIDENT FUND BOARD
Details of Changes:
Currency -
Date of Change Type Number of Shares
09-May-2019 Acquired 53,900
Registered Name Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board
Nature of Interest Direct Interest
Nature of Interest Direct Interest
Shares Ordinary shares of RM0.50 each
Reason Acquired
Total no of securities after change
Direct (units) 103,525,848
Direct (%) 5.11
Indirect (units) 0
Indirect (%) 0.00
Total (units) 103,525,848
Total (%) 5.11
Date of Notice 10-May-2019
14/05/2019 4:34 PM
Lol losing streak since last few years...whats the reason to make it up ?
14/05/2019 10:43 PM
129055444514385 always make profit in the last 10 years except 2018 only. FYE 2019 , expected to be back to profitability as reported :)

Financial Year: 31-Dec-2018
28-Feb-2019 31-Dec-2018 3,024,700 -542,400 -565,000 -455,000 -18.68% -8.47% -22.45 0.00 2.6500 -6,332.88% -628.46%
30-Nov-2018 30-Sep-2018 2,543,000 63,800 40,100 7,300 1.58% 0.12% 0.36 1.50 2.9900 126.45% -97.66%
29-Aug-2018 30-Jun-2018 2,373,700 20,400 -1,300 -27,600 -0.05% -0.46% -1.36 1.00 2.9800 -552.46% -146.54%
31-May-2018 31-Mar-2018 2,245,000 70,300 38,100 6,100 1.70% 0.10% 0.30 2.50 3.0300 -92.92% 45.24%
Financial Year: 31-Dec-2017
28-Feb-2018 31-Dec-2017 2,786,800 240,500 174,000 86,100 6.24% 1.45% 4.25 2.50 2.9200 -72.44% -28.67%
30-Nov-2017 30-Sep-2017 2,471,900 643,100 581,400 312,400 23.52% 5.30% 15.41 3.00 2.9100 426.81% 610.00%
30-Aug-2017 30-Jun-2017 2,386,200 161,800 127,000 59,300 5.32% 1.05% 2.93 3.00 2.7900 1,311.90% -73.74%
29-May-2017 31-Mar-2017 2,375,200 71,600 40,900 4,200 1.72% 0.07% 0.21 2.50 2.7800 -96.52% 119.53%
Financial Year: 31-Dec-2016
28-Feb-2017 31-Dec-2016 2,422,200 261,200 184,900 120,700 7.63% 1.75% 5.95 3.50 3.4000 174.32% 2,773.81%
30-Nov-2016 30-Sep-2016 2,023,400 120,400 93,300 44,000 4.61% 0.64% 2.17 5.00 3.4100 -80.51% 633.33%
24-Aug-2016 30-Jun-2016 2,069,000 341,100 301,400 225,800 14.57% 2.83% 13.52 4.00 4.7800 1,150.23% 7,686.21%
25-May-2016 31-Mar-2016 1,856,700 36,300 9,500 -21,500 0.51% -0.38% -2.08 5.00 5.5200 -611.90% -21,600.00%
Financial Year: 31-Dec-2015
29-Feb-2016 31-Dec-2015 2,442,300 49,700 -800 4,200 -0.03% 0.07% 0.41 4.00 5.5600 -30.00% -98.60%
30-Nov-2015 30-Sep-2015 2,120,300 66,700 46,300 6,000 2.18% 0.10% 0.58 6.00 5.6000 106.90% -67.03%
24-Aug-2015 30-Jun-2015 2,207,600 83,300 50,800 2,900 2.30% 0.05% 0.28 5.00 5.6600 2,800.00% -93.60%
25-May-2015 31-Mar-2015 1,892,300 69,500 43,100 100 2.28% 0.00% 0.01 5.00 5.6600 -99.97% -99.85%
Financial Year: 31-Dec-2014
27-Feb-2015 31-Dec-2014 2,825,900 356,400 324,000 299,000 11.47% 5.08% 28.91 5.00 5.6900 1,542.86% 35.79%
27-Nov-2014 30-Sep-2014 2,694,300 86,100 50,200 18,200 1.86% 0.32% 1.76 6.00 5.4200 -59.82% -81.33%
25-Aug-2014 30-Jun-2014 2,588,200 109,900 67,700 45,300 2.62% 0.83% 4.38 7.50 5.2600 -32.08% -25.98%
26-May-2014 31-Mar-2014 2,499,800 133,300 91,400 66,700 3.66% 1.28% 6.45 7.50 5.0500 -69.71% -33.23%
Financial Year: 31-Dec-2013
27-Feb-2014 31-Dec-2013 3,590,300 280,500 228,100 220,200 6.35% 4.21% 21.29 7.50 5.0600 125.85% 46.31%
29-Nov-2013 30-Sep-2013 2,700,500 159,200 122,900 97,500 4.55% 2.05% 9.43 7.50 4.5900 59.31% 25.16%
21-Aug-2013 30-Jun-2013 2,390,100 93,100 74,700 61,200 3.13% 1.31% 5.92 7.50 4.5200 -38.74% 40.05%
22-May-2013 31-Mar-2013 2,531,100 174,900 134,100 99,900 5.30% 2.13% 9.66 7.50 4.5300 -33.62% -30.91%
Financial Year: 31-Dec-2012
25-Feb-2013 31-Dec-2012 2,679,000 173,400 165,300 150,500 6.17% 3.23% 14.55 7.50 4.5000 93.20% -21.74%
20-Nov-2012 30-Sep-2012 2,512,100 132,700 101,900 77,900 4.06% 1.69% 7.53 10.00 4.4600 78.26% -35.57%
22-Aug-2012 30-Jun-2012 2,496,900 79,400 56,000 43,700 2.24% 0.96% 4.23 7.50 4.4000 -69.78% -76.40%
28-May-2012 31-Mar-2012 2,358,000 222,900 188,700 144,600 8.00% 3.16% 13.98 7.50 4.4300 -24.80% 28.88%
Financial Year: 31-Dec-2011
27-Feb-2012 31-Dec-2011 2,554,300 245,100 230,100 192,300 9.01% 3.93% 18.59 9.00 4.7300 59.06% -7.95%
21-Nov-2011 30-Sep-2011 2,188,700 167,100 144,300 120,900 6.59% 2.78% 12.86 22.00 4.6300 -34.72% 31.56%
18-Aug-2011 30-Jun-2011 2,225,300 250,600 223,000 185,200 10.02% 4.26% 19.70 0.00 4.6200 65.06% 26.42%
27-May-2011 31-Mar-2011 1,587,500 168,200 134,500 112,200 8.47% 2.66% 11.93 8.00 4.4900 -46.29% 24.39%
Financial Year: 31-Dec-2010
25-Feb-2011 31-Dec-2010 1,689,800 252,000 234,700 208,900 13.89% 4.94% 22.22 12.00 4.5000 127.31% 41.44%
29-Nov-2010 30-Sep-2010 1,513,900 153,700 124,600 91,900 8.23% 2.25% 9.77 12.00 4.3500 -37.27% 6.61%
23-Aug-2010 30-Jun-2010 1,425,000 185,900 161,400 146,500 11.33% 3.61% 15.68 10.00 4.3400 62.42% 212.37%
31-May-2010 31-Mar-2010 1,553,100 134,600 104,200 90,200 6.71% 2.28% 9.75 5.00 4.2700 -38.93% 48.36%
Financial Year: 31-Dec-2009
25-Feb-2010 31-Dec-2009 1,481,100 208,000 179,300 147,700 12.11% 3.86% 16.20 10.00 4.2000 71.35% 33.56%
23-Nov-2009 30-Sep-2009 1,419,100 125,500 108,500 86,200 7.65% 3.04% 12.41 7.50 4.0800 83.80% -47.44%
21-Aug-2009 30-Jun-2009 1,276,200 82,000 62,800 46,900 4.92% 1.60% 7.21 5.00 4.5100 -22.86% -69.12%
18-May-2009 31-Mar-2009 1,215,600 86,100 67,800 60,800 5.58% 2.05% 9.34 5.00 4.5600 -45.02% -60.08%
15/05/2019 12:27 AM
129055444514385 Yearly dividend payout without fail too :)

30-Nov-2018 13-Dec-2018 DIVIDEND Interim Dividend RM 0.015 Dividend Detail
29-Aug-2018 19-Sep-2018 DIVIDEND Second interim dividend RM 0.01 Dividend Detail
31-May-2018 13-Jun-2018 DIVIDEND First Interim Dividend RM 0.025 Dividend Detail
28-Feb-2018 13-Mar-2018 DIVIDEND Interim Dividend RM 0.025 Dividend Detail
30-Nov-2017 14-Dec-2017 DIVIDEND Interim Dividend RM 0.03 Dividend Detail
30-Aug-2017 14-Sep-2017 DIVIDEND Second interim dividend RM 0.03 Dividend Detail
29-May-2017 13-Jun-2017 DIVIDEND First Interim Dividend RM 0.025 Dividend Detail
28-Feb-2017 14-Mar-2017 DIVIDEND Interim Dividend RM 0.035 Dividend Detail
30-Nov-2016 13-Dec-2016 DIVIDEND Interim Dividend RM 0.05 Dividend Detail
24-Aug-2016 09-Sep-2016 DIVIDEND Second interim dividend RM 0.04 Dividend Detail
29-Jun-2016 12-Jul-2016 BONUS_ISSUE Bonus Issue 2 : 5 Dividend Detail
25-May-2016 08-Jun-2016 DIVIDEND First Interim Dividend RM 0.0500 Dividend Detail
10-May-2016 20-May-2016 RIGHTS_ISSUE Rights Issue 2 : 5 Dividend Detail
29-Feb-2016 29-Mar-2016 DIVIDEND Interim Dividend RM 0.0400 Dividend Detail
30-Nov-2015 22-Dec-2015 DIVIDEND Interim Dividend RM 0.0600 Dividend Detail
24-Aug-2015 15-Sep-2015 DIVIDEND Second interim dividend RM 0.0500 Dividend Detail
25-May-2015 15-Jun-2015 DIVIDEND First Interim Dividend RM 0.0500 Dividend Detail
27-Feb-2015 17-Mar-2015 DIVIDEND Interim Dividend RM 0.05 Dividend Detail
27-Nov-2014 12-Dec-2014 DIVIDEND Interim Dividend RM 0.06 Dividend Detail
25-Aug-2014 11-Sep-2014 DIVIDEND Interim Dividend RM 0.075 Dividend Detail
26-May-2014 12-Jun-2014 DIVIDEND First Interim Dividend RM 0.075 Dividend Detail
08-May-2014 21-May-2014 IPO Entitlement to IPO 0 : 0 Dividend Detail
27-Feb-2014 13-Mar-2014 DIVIDEND Interim Dividend RM 0.075 Dividend Detail
29-Nov-2013 17-Dec-2013 DIVIDEND Interim Dividend RM 0.075 Dividend Detail
21-Aug-2013 11-Sep-2013 DIVIDEND Second interim dividend RM 0.075
15/05/2019 12:28 AM
zhen wei & JP 2019 r u sure?
15/05/2019 12:37 AM
129055444514385 net assets per share at rm2.65... mainly holding shares in listed companies like affin bank, bplant, bhic, pharmaniaga, etc.
15/05/2019 8:30 AM
129055444514385 EPF and LTAT should consider to privatise boustead and sell the stakes in listed companies in stages. Maximise return for their members.

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
BOUSTEAD HOLDINGS BERHAD

Particulars of substantial Securities Holder
Name EMPLOYEES PROVIDENT FUND BOARD
Address Tingkat 19, Bangunan KWSP
Jalan Raja Laut
Kuala Lumpur
50350 Wilayah Persekutuan
Malaysia.
Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary shares of RM0.50 each
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 09 May 2019
53,900
Acquired Direct Interest
Name of registered holder Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board
Address of registered holder Level 42, Menara Citibank 165 Jalan Ampang 50450 Kuala Lumpur
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Acquired
Nature of interest Direct Interest
Direct (units) 103,525,848
Direct (%) 5.107
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 103,525,848
Date of notice 10 May 2019
Date notice received by Listed Issuer 14 May 2019


Announcement Info
Company Name BOUSTEAD HOLDINGS BERHAD
Stock Name BSTEAD
Date Announced 14 May 2019
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-14052019-00033
15/05/2019 8:43 AM
129055444514385 Will Q1,2019 results together with interim dividend to be announced later this month like last year? Also, followed by LTAT buying more shares like last year? haha


Friday, 8 Jun 2018

5:13PM BSTEAD LEMBAGA TABUNG ANGKATAN TENTERA (325,000 units Acquired)


Wednesday, 6 Jun 2018

5:07PM BSTEAD LEMBAGA TABUNG ANGKATAN TENTERA (560,000 units Acquired)

Thursday, 31 May 2018

12:39PM BSTEAD First Interim Dividend of 2.50 sen

12:36PM BSTEAD 1Q net profit 38.100 million (increased 48.25%)
15/05/2019 9:15 AM
129055444514385 Is it a normal to declare interim dividend with Q1 results and followed by LTAT's share purchase yearly? haha

Wednesday, 7 Jun 2017

5:04PM BSTEAD LEMBAGA TABUNG ANGKATAN TENTERA (366,100 units Acquired)


Monday, 5 Jun 2017

5:06PM BSTEAD LEMBAGA TABUNG ANGKATAN TENTERA (373,000 units Acquired)


Monday, 29 May 2017

12:55PM BSTEAD First Interim Dividend 2.5 Sen

12:54PM BSTEAD 1Q net profit 40.900 million (increased 330.53%)
15/05/2019 9:18 AM
129055444514385 after Q1 results has been released yearly, LTAT tends to purchase more boustead shares based on the past. maybe, its strategy is to use the interim dividend to increase its stake in boustead continuously :)
15/05/2019 9:20 AM
129055444514385 like FGV, last year loss was mainly due to impairment :) If FGV could recover from 60sen+ to RM1+, why not boustead which has six core areas of the Malaysian economy. :)

Boustead reports loss of RM455m in 4Q on impairments and plantation losses
Justin Lim
/
theedgemarkets.com

February 28, 2019 21:00 pm +08


-A+A
KUALA LUMPUR (Feb 28): Boustead Holdings Bhd registered a net loss of RM455 million in the fourth quarter ended December 31, 2018 against a net profit of RM77.1 million in the prior year quarter, because of provisions and impairments in its heavy industries division and plantation losses. Other divisions also recorded lacklustre results.

Revenue for the quarter was stagnant at RM3.02 billion.

For the full year, it registered a net loss of RM469.2 million versus a net profit of RM690.14 million in FY17, while revenue was marginally lower at RM10.18 billion from RM10.23 billion a year earlier.

Advertisement

Boustead has warned 2019 would be another challenging year on both global and domestic fronts. Nevertheless, it said the group’s diversified nature in six core areas of the Malaysian economy augured well for it.

But it expects the plantation division's prospects for the coming year to be challenging. “However, the recognition of the gain on disposal of land in Seberang Perai Utara, upon completion, should boost earnings of the Division.”

Fresh fruit bunch (FFB) production for 2019 was projected to see some improvement from the slow production in 2018, supported by an expected increase in crops from existing operations and the Pertama Estates.

The proposed acquisition of more than 4,000 hectares of mature fields and a palm oil mill in Sandakan, Sabah, upon completion in the second quarter of 2019 will also contribute to the division's performance.

However, it expects production in Sarawak to remain weak given the operational difficulties.

During the fourth quarter, crude palm oil (CPO) was traded at between RM1,710 and RM2,150 per tonne. “The price is expected to climb towards RM2,400 per MT by the early part of 2nd quarter of 2019 in line with expected stocks drawdown.

“The biodiesel mandates of Indonesia, reduction of duty on crude and refined palm oil in India coupled with China’s positive outlook from the trade dispute with the US are some of the factors supporting CPO,” it said.

For the pharmaceutical segment, Boustead said it will continue its pursuit of boosting its market presence in the private sector via aggressive marketing initiatives with a parallel focus on enhancing operational efficiencies as well as ongoing containment measures, both in domestic and Indonesia operations.

It added the division will continue to focus on strengthening business synergies between its overseas subsidiaries, PT Millennium Pharmacon International TbK and PT Errita Pharma to tap into opportunities in Indonesia.

For the heavy industries segment, Boustead said the Littoral Combat Ship (LCS) and littoral mission ships (LMS) projects, as well as defence related maintenance, repair and overhaul activities, will contribute to the segment’s performance going forward.

Boustead fell one sen or 0.69% to close at RM1.45, giving it a market capitalisation of RM2.94 billion.
15/05/2019 9:29 AM
Good123 yup expecting a big jump in price after the release of Q1 results this month later :)
15/05/2019 10:00 AM
Good123 just buy and keep now... the lowest price after GE14. Q1 results will be out. be patient
15/05/2019 10:04 AM
129055444514385 On 14 May 2018 after GE14, the price was still RM2.57. now, fallen more than half due to impairment, etc for FYE 2018.... it would surely recover like FGV from 60sen+ back to Rm1.2+ .... fingers crossed
15/05/2019 10:28 AM
129055444514385 FGV style, all impairments dumped into one quarter, later share price will recover in the coming quarters. :)

Boustead reports loss of RM455m in 4Q on impairments and plantation losses
Justin Lim
/
theedgemarkets.com

February 28, 2019 21:00 pm +08


-A+A
KUALA LUMPUR (Feb 28): Boustead Holdings Bhd registered a net loss of RM455 million in the fourth quarter ended December 31, 2018 against a net profit of RM77.1 million in the prior year quarter, because of provisions and impairments in its heavy industries division and plantation losses. Other divisions also recorded lacklustre results.
15/05/2019 10:35 AM
129055444514385 Belajar untuk bersabar walaupun itu sukar... once the Q1 results are released, very likely, the share price will rise rapidly :)
15/05/2019 1:12 PM
129055444514385 good4boustead.

(May 15): Malaysia's May 1-15 palm oil exports seen at 785,367 tonnes versus April 1-15 at 686,760 tonnes, according to Amspec Malaysia.
15/05/2019 2:00 PM
129055444514385 good4boustead :)
back to RM2,014 today

Daily Palm Oil Prices


http://www.mpoc.org.my/Daily_Palm_Oil_Prices.aspx
15/05/2019 2:03 PM
Good123 this will boost boustead hldgs" profitability in the coming months :)

KUALA LUMPUR (May 15): Malaysian palm oil futures climbed to a one-week top in early trade on Wednesday, in line to chart a third consecutive day of gain, as it tracked an increase in US soyoil on the Chicago Board of Trade (CBOT) and a weaker ringgit.

The ringgit, palm's currency of trade, on Wednesday, eased to its weakest levels against the dollar since end-December. It was last down 0.1% to 4.1720. A weaker ringgit supports palm oil by making it cheaper for foreign buyers.

Benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was up 1.4% at RM2,043 (US$489.69) a tonne at the midday break on Wednesday, its strongest levels since May 8.

"The market is tracking the overnight recovery in CBOT and further weakness in the ringgit today extended the technical pullback," said a Kuala Lumpur-based futures trader.

"Expectations of higher exports and negative growth for production also added strength to the market."

Malaysian palm oil shipments rose for May 1-15, up 14.4% from the corresponding period last month, data from cargo surveyor Amspec Agri Malaysia showed.

Palm oil output in May is also expected to see declines or smaller monthly growth from April. Data from the Malaysian Palm Oil Board last Friday showed April output fell 1.4% from the previous month to 1.65 million tonnes. However, it is the highest for the month since 2015.

Palm oil may test a resistance at RM2,034 per tonne, following its second failure to break a support range of RM1,940-1,967, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

In related oils, the Chicago July soybean oil contract had gained 1.5% on Tuesday, in line with soybean's gains as planting delays in the Midwest crop belt sparked a round of short-covering.

It was last up 0.2%.

Meanwhile, the July soyoil contract on the Dalian Commodity Exchange was down 1.1%, and the Dalian June palm oil contract dropped 2.9%.

Palm oil prices are affected by movements in soyoil, with which it competes for global market share.

Palm, soy and crude oil prices at 0456 GMT

Contract Month Last Change Low High Volume
MY PALM OIL MAY9 0 +0.00 0 0 0
MY PALM OIL JUN9 2011 +23.00 1996 2011 575
MY PALM OIL JUL9 2043 +29.00 2021 2043 8263
CHINA PALM OLEIN JUN9 4232 -128.00 4232 4234 10
CHINA SOYOIL JUL9 5320 -60.00 5218 5320 6
CBOT SOY OIL JUL9 27.07 +0.07 26.9 27.07 2580
INDIA PALM OIL MAY9 529.40 +3.70 527.10 530 273
INDIA SOYOIL MAY9 756.7 +3.05 755 757.9 1460
NYMEX CRUDE JUN9 61.33 -0.45 61.12 61.61 43233
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.1720)
(US$1 = 70.2560 Indian rupees)
(US$1 = 6.8731 Chinese yuan)
15/05/2019 2:10 PM
129055444514385 Sime plantation should buy bplant from boustead. :)

Ghazali said that the group had laid out plans that include disposing of non-core assets and reducing stakes in some of its listed companies.

The company also plans on improving cost and operational efficiency.

“We have plans in place to turn around the company.

“We will be welcoming our new managing director Datuk Seri Amrin Awaluddin on May 6 and we will be discussing on bringing Boustead group to the next phase of growth,” he said.

Boustead shares have been under pressure, falling to its all-time low of RM1.22 a share last week after the group slipped into the red last year.

For the financial year 2018, Boustead registered a loss of RM469.2mil.

This compared with a net profit of RM690.14mil in FY17.
15/05/2019 2:54 PM
smartag EPF SOLD BOUSTEAD SHARE TODAY.
15/05/2019 6:47 PM
smartag No sign of recovery in business profit, except assets disposal gain.
15/05/2019 6:49 PM
smartag Don't be too optimistic.
15/05/2019 6:49 PM
129055444514385 EPF buy and sell often as part of portfolio management strategies or to GLC counters always active. But, net purchase was more than net sale :)


EMPLOYEES PROVIDENT FUND BOARD 10-May-2019 Disposed 146,100 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 09-May-2019 Acquired 53,900 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 12-Apr-2019 Acquired 317,700 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 03-Apr-2019 Disposed 350,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 18-Jan-2019 Acquired 14,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 14-Dec-2018 Acquired 139,900 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 27-Nov-2018 Acquired 31,600 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 20-Sep-2018 Acquired 20,000 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 14-Sep-2018 Acquired 50,000 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 13-Sep-2018 Acquired 50,000 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 12-Sep-2018 Acquired 45,000 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 07-Sep-2018 Acquired 50,000 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 06-Sep-2018 Acquired 50,000 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 05-Sep-2018 Acquired 50,000 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 04-Sep-2018 Acquired 49,900 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 03-Sep-2018 Acquired 50,000 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 30-Aug-2018 Acquired 75,000 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 29-Aug-2018 Acquired 85,000 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 28-Aug-2018 Acquired 50,000 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 27-Aug-2018 Acquired 90,000 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 24-Aug-2018 Acquired 180,000 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 23-Aug-2018 Acquired 200,000 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 17-Aug-2018 Acquired 50,000 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 16-Aug-2018 Acquired 50,000 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 15-Aug-2018 Acquired 50,000 0.000 View Detail
16/05/2019 8:47 AM
129055444514385 New MD, new strategies, etc to prove his worth. :)

2771 BSTEAD BOUSTEAD HOLDINGS BHD
Change in Boardroom

Date of Change: 06/05/2019
Type of Change: Appointment
Designation: Managing Director
Directorate: Exec
Name: AMRIN BIN AWALUDDIN
Age: 52
Country:
Nationality: Malaysia

Qualifications:



Working Experience and Occupation:
You are advised to read the entire contents of the announcement orattachment. To read the entire contents of the announcement or attachment,please access the Bursa website at http://www.bursamalaysia.com


Directorship of public companies (if any):
1. Taliworks Corporation Berhad2. CIMB Bank Berhad


Family relationship with any director and/or major shareholder of the listed issuer:
Nil


Details of any interest in the securities of the listed issuer or its subsidiaries:
Nil


Composition of Audit Committee After Change:



Remarks:
Dato' Sri Amrin Awaluddin has been appointed as Managing Director / ChiefExecutive Officer of Boustead Holdings Berhad, to take effect from 6 May 2019.You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:



05/04/2019 07:00 AM


Ref Code: 201904053300260
16/05/2019 9:04 AM
129055444514385 No change, go for it :)

Date Open Price Target Price Upside/Downside Price Call Source News
01/03/2019 1.42 1.50 +0.08 (5.63%) HOLD KENANGA Price Target News
03/12/2018 1.47 1.50 +0.03 (2.04%) HOLD KENANGA Price Target News

Boustead Holdings - FY18 Below Expectation
Date: 01/03/2019

Source : KENANGA
Stock : BSTEAD Price Target : 1.50 | Price Call : HOLD
Last Price : 1.20 | Upside/Downside : +0.30 (25.00%)

Back

FY18 Core Net Loss (CNL) came in at RM286.5m compared to our full-year net profit forecast of RM104m due to lowerthan-expected contribution from Plantations and higherthan-expected losses at Heavy Industries. We are cutting our FY19E earnings by taking into account the lower contribution from heavy industries. Maintain MP and SoPTP of RM1.50

FY18 Core Net Loss (CNL) came in at RM286.5m compared to our full-year net profit forecast of RM104m due to lower-than-expected contribution from Plantations and higher-than-expected losses at Heavy Industries divisions. Surprisingly, a 4th interim dividend was not declared compared to a 2.5 sen in 4Q17 bringing FY18 DPS to 5.0 sen which is below our expectation. We cut our DPS assumption to 3.0 sen from 10.0 sen for FY19E.

Result Highlights. QoQ, 4Q18 CNL widened to RM276m excluding impairment of goodwill (RM106.2m), impairment of PPE and other receivables (RM107.5m), gains from sale of PPE (RM2.7m) and net fair value gain on investment properties (RM32.7m) compared to RM253.8m in 3Q18 excluding gains from disposal of PPE (RM12.3m) largely dragged down by losses at Heavy Industries division. The Heavy Industries was dragged down by increased share of loss in a joint-venture company as a result of provision for LAD as well as revision in the LCS project cost due to variation orders and increase in its project finance cost, pending customer’s approval.

YoY, FY18 recorded CNL of RM286.5m excluding impairment of goodwill (RM106.2m), impairment of PPE and other receivables (RM107.5m), gains from sale of PPE (RM12.5m) and net fair value gain on investment properties (RM32.7m) compared to FY17 core net profit of RM181.3m (excluding gains from sale of a plantation land effectively amounting to RM318.6m from 57.42%-owned Boustead Plantations), impairment of PPE, receivables and good will amounting to RM107.6m and net fair value gain on investment properties (RM43.9m) no thanks to losses at heavy industries and weaker contributions from Plantation, Property and Heavy Industries divisions. The Heavy Industries division was dragged down by increased share of loss from a joint-venture company, provisions for liquidated ascertained damages and revision in the Littoral Combat Ship (LCS) project cost due to variation orders and increase in its project finance cost. The Plantation division recorded an operating loss of RM110m due to decline in prices and sales volumes of palm products, increase in interest cost to finance the acquisition of Pertama estates and higher operating expenditure.

Outlook. The group is expected to continue seeing volatile quarterly results based on several past quarters’ volatile trends. All in, we expect plantation earnings to anchor the bulk of earnings, and since 91% of its plantation estates are already matured, it will hinge largely on CPO price movements of which the outlook over the short-term looks cloudy. The Heavy Industries division remains volatile with quarterly earnings oscillating between profits and losses. We expect the trading & manufacturing as well as pharmaceutical divisions to show pedestrian growth and deliver sustainable recurring incomes.

Maintain MP, downgrade FY19E net profit by 30% taking into account the lower contribution from heavy industries. Our SoP-TP is maintained at RM1.50 implying PER of 39.5x based of FY19E EPS since (Boustead Heavy Industries Berhad is valued based average market price in the SOTP). Risk to our call is higher-than-expected earnings at Heavy Industries.

Source: Kenanga Research - 1 Mar 2019
16/05/2019 9:07 AM
129055444514385 This could be the trend this year in view of the development pertaining to palm oil industry. :)

The creation of the largest plantation companies by merging Sime Darby, Golden Hope
and Kumpulan Guthrie brings about significant prospects of cost and revenue synergies.
The cost synergies among others include consolidation of contiguous estates,
rationalisation of mill utilisation, unified procurement and logistic activities and
consolidation of plantations management and administrative functions etc. The revenue
synergies would include leveraging on global strategic presence of the three companies
and wider customer spectrum for growing market share. The sharing of best practices and
management expertise could also further enhanced both cost and revenue synergies. In
addition to that, Synergy Drive able to move forward with sustainable profits gains,
VI
productivity, capabilities, skills and expertise in its business operations and core
competencies building. As an enlarged entity, Synergy Drive would have the capability
and capacity to grow further the plantation and property business.
On 27 November 2006, Synergy Drive announced simultaneous offers to each of the
participating companies through Voluntary General Offer (VGO) and Mandatory General
Offer (MGO). Synergy Drive had offered eight (8) companies to acquire all their assets
and liabilities under VGO namely Sime Darby Berhad, Sime UEP Properties Berhad,
Sime Engineering Services Berhad, Kumpulan Guthrie Berhad, Mentakab Rubber Co.
Berhad, Golden Hope Plantations Berhad, Guthrie Ropel Berhad and Highlands and
Lowlands Berhad. At the same time, Synergy Drive also offered Negara Properties
Berhad through MGO by issuing 11.6 million shares. By 1st October 2007, Synergy Drive
and all participating companies have obtained all the requisite approvals to effect the
merger. The major institutional shareholders of Synergy Drive are Permodalan National
Berhad (17%), Amanah Saham Bumiputra (30.9%), Employees Provident Fund (11.7%)
and other shareholding (40.4%).
16/05/2019 9:11 AM
129055444514385 :) M & A


Plantations rooting for mergers & acquisitions
PALM OIL
Tuesday, 15 Jan 2019

by hanim adnan


PETALING JAYA: The appetite for oil palm brownfield in Malaysia among big planters is expected to sustain this year with mergers and acquisitions (M&As) in the offing.

Industry experts and analysts pointed out that the ban on new oil palm land expansion, rising cost of production (COP), weak crude palm oil (CPO) prices and lack of interest in greenfield acquisition could trigger more M&A activities this year compared with 2018.

Plantation companies announced combined deals estimated at RM1.24bil in Malaysia last year and barely into 2019, a new deal worth RM175mil has been announced.

Notable M&As in 2018 included United Plantations Bhd’s acquisition of estates in Teluk Intan, Perak for RM414mil or RM120,336 per planted ha from Pinehill Pacific Bhd, and Boustead Plantations Bhd’s disposal of its 138.9ha land in Penang to SP Setia Bhd, which fetched an even higher valuation of RM979,508 per ha.

United Malacca chief executive officer Peter Benjamin told StarBiz there would be a big preference for brownfield among big plantation companies, going forward, especially with the ban on new oil palm land expansion in Malaysia as well as the halt on new permits for oil palm plantations in Indonesia.

For smaller planters, many would not be able to cope with the rising COP, said one industry expert.

“For start-ups, their COP could be as high as RM2,000 per tonne of CPO, especially due to their young palm trees. Hence, smaller planters might want to let go of their brownfield estates,” he said.

On the other hand, Malaysian Palm Oil Association CEO Datuk Mohamad Nageeb Ahmad Abdul Wahab expected increasing M&As among planters this year.

“A lot of big players are cash-strapped and many will be focusing on consolidation this year, unless there is a huge bargain (for brownfield land),” he pointed out.

Meanwhile, Maybank IB Research said in its latest report that “there is a divergence between physically transacted estates and M&A prices and the equity share prices, whereby a number of plantation stocks are still trading at or below their replacement costs.

“This may fuel more M&A activities in 2019.

“The long funds should take the opportunity to accumulate bombed-out, small mid-cap stocks. Those that are trading near or below their 2009 global financial crisis trough price-to-book values (PBVs) include Sarawak Oil Palms Bhd,” added the research unit.

Despite the recent weak CPO prices, Maybank IB Research said the transacted prices for estates and M&As continue to chart new highs. In 2018, United Plantations offered to buy estates in Perak for RM120,000 per ha, while in Sabah, estates were offered at RM79,000-RM99,700 per ha.

On Jan 3, United Malacca proposed to sell its Negri Sembilan and Melaka estates for RM172,000 per ha to a poultry company.

“On the flip side, small to mid-caps are only trading at an implied enterprise value per ha of RM26,000-RM36,000, which is at or below replacement costs.

“There is an obvious disconnect between physical prices and equity stock prices; this valuation gap will have to narrow,” it added.

Maybank IB Research also said prolonged low equity prices would likely tempt major shareholders or corporate raiders to seek out good deals.

“Even without those, this is still an opportune time for long funds to accumulate on bombed-out, small-cap stocks, especially those trading near or below 2009 global financial crisis (GFC) trough valuations.”

For stocks under its coverage, Maybank IB Research has a “buy” call on Sarawak Oil Palms and Ta Ann Holdings, as both stocks are still trading near or below their 2009 GFC trough valuations despite the recent share price recovery, suggesting further upside.

“However, in the immediate term, investors should expect some volatility in the first half of 2019 and be mindful that the sector is likely to report a set of weak fourth-quarter 2018 (4Q18) results in February, as the CPO spot price has been weak, having averaged just RM1,920 per tonne in 4Q18 versus RM2,189 per tonne in 3Q18 and RM2,606 per tonne in 4Q17.

“Furthermore, at RM1,920 per tonne, it is below the COP of many local planters,” it said.

Having said that, the research unit expected 2019 to be a year of recovery for the CPO price.

https://www.thestar.com.my/business/business-news/2019/0
16/05/2019 9:23 AM
Good123 yes, for GLCs, institutional funds buy and sell to make those stock counters active :)
16/05/2019 9:53 AM
Good123 maybe, an institutional fund will rush in to sapu , then suddenly go up like crazy :) fingers crossed
16/05/2019 9:54 AM
129055444514385 LTAT, retirement funds for army, holding around 60%.. surely, well look after :) EPF another 5%+


LTAT
No of Shares Held After Changes:
Direct : 1,204,952,018 shares (59.4450%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 1,204,952,018 shares

Remarks:
The total number of 1,204,952,018 ordinary shares comprising of thefollowing:-1. LTAT - 1,204,364,218 shares2. Maybank Nominees - 135,000 shares3.Citigroup Nominees - 113,000 shares4. MAM - 200,000 shares5. SSBT - 139,800sharesYou are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:



26/09/2018 07:00 AM


Ref Code: 201809263600171



EPF
No of Shares Held After Changes:
Direct : 103,379,748 shares (5.1000%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 103,379,748 shares

Remarks:
You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:



15/05/2019 01:08 PM


Ref Code: 201905153600036
16/05/2019 10:48 AM
129055444514385 Another public retirement funds also holds another 10%+ of boustead.... solid :)

KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
No of Shares Held After Changes:
Direct : 204,293,392 shares (10.0790%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 204,293,392 shares

Remarks:
You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:



17/07/2018 07:00 AM


Ref Code: 201807173600074
16/05/2019 10:50 AM
129055444514385 Major shareholders as at announced to-date - LTAT about 60%, KWAP 10%+, EPF 5%%+ , Total about 75%+.... easier for privatisation of Boustead Holdgs too :)
16/05/2019 10:52 AM
Good123 one of these major funds just increase its stake in boustead by a small margin, the price will go wild :)

@
129055444514385 Major shareholders as at announced to-date - LTAT about 60%, KWAP 10%+, EPF 5%%+ , Total about 75%+.... easier for privatisation of Boustead Holdgs too :)
16/05/2019 10:52 AM
16/05/2019 11:16 AM
geraldt9 GLC suffering from prolong diarrhea ... when not being fed with goodies or incentives. May recover if they seriously work hard enough but will be painstakingly slow .....
16/05/2019 5:55 PM