after exercise of price consolidation, fintec only have 5 mil share rather than 250mil share they owned before consolidation.watefak!how the hell they want to gain on few grand from netx?oppose this idea man.illogical!should they goreng first then consolidate la.baru ada untung.naik 10 sen with 250mil unit shares is better than naik 50 sen with 5mil shares. what kind of accounting they used? Dont u think so calvin?

Mlab is up

Netx will benefit as Netx invested alot in mlab share

i dont think so bro bearishtrend.read this.


BHIC unit gets one-year extension to Mindef helicopter maintenance contract
https://www.theedgemarkets.com/article/bhic-unit-gets-oneyear-extension-mindef-helicopter-maintenance-contract

isap konekkkkkkk

lannnn jiiiiiaaaooooooooooooooooooooooooooo

boustead betul2 struggle

i heard some other party interested to acquire boustead as well.anyone can show any fact here?

An analyst with a local research firm says Boustead’s stock has been trending downwards, from RM3 in October 2017 to as low as 35 sen in March this year, before rebounding to 63 sen last Thursday. Assuming an investor bought 1,000 Boustead shares at RM3 per share and is still holding the shares today, he would be sitting on a paper loss of RM2,370.

“This perhaps reflects the deteriorating fundamentals of the group, which has been making losses since the financial year ended Dec 31, 2018 (FY2018). On the other hand, the indicative offer price of 80 sen represents a steep discount to the latest book value per share of RM1.85, which, of course, would erode further if the losses persist,” he tells The Edge.

“Therefore, in the short term, the offer price seems reasonable, given the limited potential upside amid the weak fundamentals. But in the longer run, if Boustead is able to turn around its fortunes, the stock may be worth more than 80 sen per share,” the analyst notes.

“There are pros and cons for a company to be listed or taken private. In this case, if LTAT has big plans to overhaul Boustead with restructuring measures that may lead to more short-term pain, it will be easier to implement the plan as a private entity. On the other hand, if they want the flexibility for Boustead to raise funds from the capital market, then Boustead should remain listed,” he adds.

While LTAT did not disclose the reason for seeking to take the group private, Boustead’s stock valuations remain depressed. Its shares have lost 44% of their value in the last 12 months versus the FBM KLCI’s decline of 10%.

While depressed valuations might be an attractive reason for LTAT to take Boustead private, the move might not be the best from the point of view of minority shareholders, given the 57% discount to Boustead’s book value of RM1.85 as at Dec 31, 2019.

Bursa Malaysia filings show that Kumpulan Wang Persaraan (Diperbadankan) (KWAP) and the Employees Provident Fund (EPF) Board are Boustead’s second and third largest shareholders, holding 9.19% and 4.99% respectively.

The analyst believes that whether Boustead’s existing shareholders would be willing to let go of their stake would depend on internal considerations of factors such as their holding period and whether they are able to find better investment opportunities elsewhere. “Interestingly, the EPF sold some shares last December and early January when Boustead’s share price was hovering around 90 sen to RM1,” he says.

Kenanga Research says it was not overly surprised by LTAT’s proposal to take Boustead private, considering that the latter has been facing mounting debts and losses over the past few years.

The research firm estimates that the privatisation would cost Boustead’s major shareholder RM658 million, assuming that this takeover is subject to the Securities Commission Malaysia waiving the mandatory general offers that this may trigger on other listed units that the group owns.

Boustead has three listed companies under its stable — Boustead Heavy Industries Corp Bhd (BHIC), Pharmaniaga Bhd and Boustead Plantations Bhd, with a shareholding of 65%, 56.09% and 57.42% respectively. It also holds a 20.76% stake in Affin Bank Bhd.

“At an indicative 80 sen per share, the privatisation works out to 0.48 times FY2019 net tangible assets of RM1.66 per share, which is lower than its historical average of 1.1 times,” Kenanga Research said in a note to clients last Friday.

The privatisation would also help LTAT restructure its businesses outside the scrutiny of public shareholders and regulators. The fund recently embarked on its overall transformation journey under its five-year strategic plan beginning 2019, while Boustead is undergoing its own turnaround programme.

Last year, LTAT’s performance was impacted primarily as no dividends were declared by Boustead and Affin Bank, compared with RM124.2 million in dividends received in FY2018. The fund was only able to announce better dividends in FY2019 of 2.5% compared with FY2018’s 2% as a result of a waiver from paying dividends on the government’s contribution to the fund for FY2019.

The past two years, however, have also been tumultuous for Boustead. Dividends have not been forthcoming as the group has not been making a profit since FY2018, impacted by losses and impairments incurred in the heavy industries and plantation divisions.

The group widened its net loss to RM1.28 billion in FY2019 from RM554.3 million the previous year, after taking an impairment charge of RM1.33 billion for its assets from the heavy industries and plantation segments. In addition, the pharmaceutical division was affected due to recognition of the remaining unamortised Pharmacy Information System costs amounting to RM247 million. Revenue rose by a marginal 1.4% year on year to RM10.33 billion.

https://www.theedgemarkets.com/article/rm660m-deal-privatise-boustead-holdings

zelan is shit co

after all that is what they are planning

ltat should be very rich if they break boustead selling part into pieces. equivqlent more than rm2 per share

no la should be more than rm1.85. they should purchase at premium for the future benefit they wil get

https://www.theedgemarkets.com/article/ltat-confirms-it-considering-taking-boustead-private

https://www.theedgemarkets.com/article/boustead-declines-432-following-ltats-confirmation-it-considering-privatisation

A shareholder says: “It is not fair to offer only 80 sen when the intrinsic value is much higher. Any upside should be shared with shareholders.”


https://www.thestar.com.my/business/business-news/2020/05/30/who-wins-if-boustead-is-privatised

my son all be patient .time will come

21/02/2020 OPEN REQUEST FOR PROPOSAL (RFP) FOR CUSTOMER SATISFACTION INDEX (CSI) TRACKING STUDY USING NET PROMOTER SCORE (NPS) FOR TELEKOM MALAYSIA BERHAD

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By investing in turnaround and Cyclicals Sifu Peter Lynch Magellan even beat Warren Buffet Berkshire for 13 long years record

Netx is a Chun Chun turnaround cyclical on the very of a very powerful bull run due to Nfcp Rm50.3 billions booster

Kasiuntung is doing a great job!

In everything we do there should be clear logic and balance

YOU MUST LOOK AT THE CATALYST BEHIND THE 2 SEN

Like a bullet

IF FIRED BY A REVOLVER IT HAS POWER TO HURT OR KILL

IF THE BULLET IS FIRED BY A PUMP GUN?

IT CAN KILL INSTANTLY

SO THINK OF THESE CATALYSTS

IFCA WENT UP FROM 7 SEN TO RM1.87 BECAUSE OF GST CATALYST

MYEG ALSO WENT UP FROM 10 SEN TO RM4.00 DUE TO GST

HUAAN JUNPED FROM 3 SEN TO 60 SEN DUE TO CHINA STEEL NEEDING CHOKING COAL

PM CORP WENT UP FROM 7.5 SEN TO THE HIGH OF 37 SEN DUE TO ASSET SALE AND CASH PAY OUT CATALYST

CALVIN BOUGHT PM CORP AT THE LOWEST 7.5 SEN


AND NETX HAS ALREADY BEEN PROVEN IN TIME PAST

FIBERISATION CATALYST IN YEAR 2011/2 PUSHED NETX (ARIANTEC THEN) UP FROM 3.5 SEN TO THE PEAK OF 27 SEN

SO NETX THIS ROUND HAS RM50.3 BILIONS NFCP CATALYST

IT WILL BE EXTRA POWERFUL

Very good morning all

Like an incoming wave stock prices move forward 3 feet then retrace backward 2 feet

The wave movements do not go in a straight line. So is stock prices.

During the Ogse bull run of Carimin, velesto, penergy, Uzma and Dayang prices moved up strongly and the retraced many times

But it moved higher and higher as Ogse job awards progressed

So these same patterns will be repeated in Nfcp bull run

The power behind how far and how high each individual stocks can go depend on

1. The quantum of job awards

2. The profit margin it can show up in its balance sheet

3. Any special incentive to shareholders management might dish out. In Carimin and Penergy are dividends while Dayang gave rights issue at attractive price

So these can be expected in Nfcp stocks in coming months and years as they garnered new found wealth...overflowing wealth from Nfcp jobs like never before

Traders who are nimble and Chun will do well.
Greed and fear will always be in play

But since we have a very very favourable wind we should unfurl our sail and catch the bull run for as long as it lasts

Regards
Calvin

You must not look at the 2 sen price

YOU MUST LOOK AT THE CATALYST BEHIND THE 2 SEN

Like a bullet

IF FIRED BY A REVOLVER IT HAS POWER TO HURT OR KILL

IF THE BULLET IS FIRED BY A PUMP GUN?

IT CAN KILL INSTANTLY

SO THINK OF THESE CATALYSTS

IFCA WENT UP FROM 7 SEN TO RM1.87 BECAUSE OF GST CATALYST

MYEG ALSO WENT UP FROM 10 SEN TO RM4.00 DUE TO GST

HUAAN JUNPED FROM 3 SEN TO 60 SEN DUE TO CHINA STEEL NEEDING CHOKING COAL

PM CORP WENT UP FROM 7.5 SEN TO THE HIGH OF 37 SEN DUE TO ASSET SALE AND CASH PAY OUT CATALYST

CALVIN BOUGHT PM CORP AT THE LOWEST 7.5 SEN


AND NETX HAS ALREADY BEEN PROVEN IN TIME PAST

FIBERISATION CATALYST IN YEAR 2011/2 PUSHED NETX (ARIANTEC THEN) UP FROM 3.5 SEN TO THE PEAK OF 27 SEN

SO NETX THIS ROUND HAS RM50.3 BILIONS NFCP CATALYST

IT WILL BE EXTRA POWERFUL

this is sooo fun

huat ahhhh

how irony calvin ask calvin. i know i know.

yo guys. NFCP allocate 21.6 bil. another 50.3 bilion until next 5 years. do u guys think that it is still viable to focus in NFCP itself rather another sensation event NAP just launched recently on automotive sector?dont u think they will cut nfcp budget for another 5 years more to give way for NAP to outshine? hope calvin to answer

confirm fly this time