Bursa Malaysia Stock Watch
Boustead Holdings (Buy) - Progress In The RM9bn PV Contract
kltrader
Publish date: Tue, 10 Apr 2012, 10:15 AM
kltrader
0 20,246
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Boustead Holdings (Buy)
Progress In The RM9bn PV Contract
- Boustead Naval Shipyard (BNS) awarded BHIC to undertake engineering,integration and procurement works for combat management system (CMS) at a totalceiling contract sum of RM1.532bn over 10 years from 9 April 2012.
- The CMS is for the 6 units of patrol vessels (PV) awarded by Ministry ofDefense (MoD) to BNS back in Dec 11.
- This is part of the overall RM9bn PV contract it is expected to enhancethe earnings of both BNS and BHIC.
- Positive given the progress with the PV contract which will keep itsheavy industry division busy over the next 9 years and help boost BHIC (as wellas BNS) future earnings.
- Reiterate that the PV contract will act as a catalyst to support shareprice and performance over the longer term.
- Forecasts unchanged albeit factoring RM7bn for the PVcontract, implying potential upside to our forecasts.
- Maintain Buy.
- Target pricemaintained at RM6.20 based on 10% holding company discount to estimated SOP ofRM6.89.
Source: HLIB Research - 10 April 2012
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 1 of 1 comments
Post a Comment
Featured Posts
Apps
Top Articles
1
The Alpha Trader
2
AnimatedMotion
3
THE INVESTMENT APPROACH OF CALVIN TAN
4
Good Articles to Share
5
Good Articles to Share
People are turning to these alternative routes amid strong desire for money: CEO
6
Good Articles to Share
7
Good Articles to Share
Ukraine says Russian shelling targets civilians in Kharkiv region
8
Good Articles to Share
F1 driver Max Verstappen on the departure of his design chief #sports #shorts
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jonathan Keung
Boustead holdins is one of the underrated counters. potential earnings derived from the PV orders(BHIC/BNS). strong catalyst growth from their land development plus LTAT backing.
2012-04-10 11:11