Posted by KWSI7317 > 2018-09-01 09:18 | Report Abuse

high debt

Posted by Yael Jasper > 2018-09-05 11:02 | Report Abuse

Strong momentum time to invest now.

Posted by jordanmaggie61 > 2018-09-05 11:40 | Report Abuse

Keep going, up up up !

Posted by A D > 2018-10-05 22:42 | Report Abuse

It is clear that price of boustead holdings has been goi ng downwards over the years. Also it is cleverly paying its dividends by borrowing cleverly. Comments welcome. A.David

Posted by chamlo > 2018-11-23 05:34 | Report Abuse

Bstd Plantation report loss so Bstead to follow?

Posted by shpg22 > 2018-12-09 11:50 | Report Abuse

Downgrade fair price to 1.20 in anticipation for another right issue.

Posted by James Ng > 2019-01-08 13:05 | Report Abuse

https://klse.i3investor.com/blogs/general/189216.jsp
[转贴] [BOUSTEAD HOLDINGS BHD：种植园部门的作物产量受砂拉越地区劳动力短缺和经营问题的影响很大，在供应量增加和库存增加的情况下，毛棕榈油价格在第三季度下滑] - James的股票投资James Share Investing

Posted by LouiseS > 2019-01-08 23:14 | Report Abuse

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

https://louisesinvesting.blogspot.com/2019/01/comments-on-boustead-holdings-berhad.html

Posted by commonsense > 2019-01-23 16:09 | Report Abuse

Boustead only managed to post a core loss of almost rm30mil for the 9M18 result mainly due to weaker results from all its core divisions : plantation, heavy industries and properties. Given the still weak market outlook of all these industries, investors need to be prepared for the company to post similar weak results in fy19 as well. Even if things improves this year, and the company managed to record a core profit of rm100mil in FY19, at the current price, the company would already carry a valuation of 31.6x PE which is very high for a company with limited profit growth potentials.

If you are looking to diversify your portfolio outside of Boustead (due to its earnings uncertainties) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company profit by around RM10mil to RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analyst is around RM3.50.

Good luck.

Posted by Value Investor Coo1eo > 2019-02-14 23:48 | Report Abuse

Holland counter...2years ago already warned You all. ....fair price is RM0.98

Posted by Stock Speak > 2019-02-20 16:15 | Report Abuse

Something is brewing ... dont miss the boat ...

Posted by BowlingCosmo > 2019-02-20 16:18 | Report Abuse

thanks commonsense for the insightful info

Posted by SnowGray > 2019-02-20 16:33 | Report Abuse

mbmr better than bstead?

Posted by Stock Speak > 2019-02-21 16:33 | Report Abuse

slow2 naik... diam2 naik

Posted by shpg22 > 2019-03-30 16:47 | Report Abuse

The company management is very poor.. same quality as FGV, MSM & MFLOUR. Keep running out of cash. Need right issue, perpetual sukuk etc. This stock can only buy at 10 year low.

Posted by ChongLikGuo > 2019-04-05 02:51 | Report Abuse

52weeks Low, can buy le

Posted by smartag > 2019-04-13 17:29 | Report Abuse

https://www.thestar.com.my/business/business-news/2019/04/13/fort-ltat-breached/

Posted by smartag > 2019-04-13 17:31 | Report Abuse

More shocks and surprises to come.!!

Posted by ChongLikGuo > 2019-04-15 13:01 | Report Abuse

?

Posted by Snake > 2019-04-15 20:26 | Report Abuse

Value Buy

Posted by ChongLikGuo > 2019-04-16 01:54 | Report Abuse

Ya cheap af

Posted by Alfonso > 2019-04-18 16:46 | Report Abuse

Boustead really cb counter, management berjus otak udang, main main je!

Posted by peterchua > 2019-04-21 10:40 | Report Abuse

Yesterday, starbiz publish a full page interview excerpt with LTAT new CEO. FocusMalaysia also did so but not too deep as Starbiz. It is shocking to read that compliance and risk management, was lacking before and all decision are made from single chair. I believe that new LTAT CEO is highly capable, coming fresh from 11-year experience at KWAP. See how active KWAP in stock market and their selection and this LTAT CEO was KWAP Chief Investment Officer.

Lame Boustead would be transformed and I suspect there would some divestment at subsidiary level to raise some cash for new investment.

Posted by 129055444514385 > 2019-05-10 11:44 | Report Abuse

EPF started buying boustead again.... good news to come?

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
LEMBAGA TABUNG ANGKATAN TENTERA 14-Aug-2018 Acquired 50,000 0.000 View Detail
LEMBAGA TABUNG ANGKATAN TENTERA 13-Aug-2018 Acquired 80,000 0.000

Posted by 129055444514385 > 2019-05-10 11:45 | Report Abuse

probably dispose off bplant to other GLCs like sime darby plantation, etc :)

Posted by 129055444514385 > 2019-05-10 11:47 | Report Abuse

best time to grab like EPF :)

52 Weeks Range: 1.21 - 2.68
52 Weeks Price Volatility (%):
1.36%
Average Price Target: 1.50
Price Target Upside/Downside: +0.27

Posted by 129055444514385 > 2019-05-10 11:49 | Report Abuse

Price Target
Date Open Price Target Price Upside/Downside Price Call Source
01/03/2019 1.42 1.50 +0.08 (5.63%) HOLD KENANGA

Posted by 129055444514385 > 2019-05-10 11:51 | Report Abuse

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

Source : KENANGA
Stock : BSTEAD Price Target : 1.50 | Price Call : HOLD
Last Price : 1.23 | Upside/Downside : +0.27 (21.95%)

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

Posted by Good123 > 2019-05-10 11:57 | Report Abuse

LTAT owns about 60% of boustead hldgs bhd. the new govt will help boustead like fgv... jaga welfare of army not just petani of fgv :)

NOT many would know that a portion of the retirement money of Malaysian Armed Forces personnel with Lembaga Tabung Angkatan Tentera (LTAT) is saved in the form of “units” instead of cash.

It is understood that LTAT had been declaring special bonuses in the form of units in Affin Hwang Asset Management Bhd’s unit trust funds since at least FY2004. LTAT’s 2017 annual report shows that it had also paid special bonuses from FY1996 to FY2000.

Its annual reports also show that some RM1.75 billion has been declared as unit trust units between 2007 and 2017. For the financial year ended Dec 31, 2017 (FY2017) alone, LTAT declared RM188 million in special bonuses for its members in the form of units in Affin Hwang unit trusts.

Without providing specifics on the amount of savings unit trusts, LTAT’s new CEO Nik Amlizan Mohamed tells The Edge that LTAT is looking to better manage the unit trust portion of the savings to maximise returns for its members.

“We need to redesign it because the role of LTAT is to take care of the soldiers’ money actively until the day they retire. However, in this case, when we buy unit trust funds on behalf of the members, we buy and then we don’t manage it anymore. It is a one-way street,” says Nik Amlizan, adding that returns could have been better with active management by LTAT on the members’ behalf.

Those that are financially savvy would know that returns on different types of unit trust funds would differ with market conditions and one can derive better returns by knowing, for instance, which asset classes tend to do better in a bull market versus a bear market.

As the unit trust portion of savings is currently not actively managed, LTAT is not redeeming the units when returns are high enough and converting them into cash or another type of unit trust with a different portfolio and risk profile that has better potential of outperforming.

“For example, if we had bought the fund when the market was trending upwards, an aggressive equity fund is the way to go because it gives us the best return.”

Nik Amlizan says that if LTAT gets to manage the unit trust funds on behalf of its members, the pension fund manager can also vary the risk taken based on the soldiers’ age profile.

“Maybe in the early years, they should be having more aggressive investments — they can take a bit more risk — but towards the end, maybe just the simple, lower risk type of unit trust funds, for example. So that is what I want to do.

“It is our duty to manage the funds until the day the soldiers retire. We have to take back control of the funds in the unit trusts,” says Nik Amlizan.

Affin Hwang AM is a 70%-owned subsidiary of Affin Hwang Investment Bank, which is a 100%-owned subsidiary of Affin. LTAT owns a direct 35.5% stake in Affin, while Boustead Holdings Bhd owns 20.73%. LTAT owns 59.45% equity interest in Boustead.

For FY2018, Affin Hwang IB recorded a profit before tax of RM161.5 million, which was lower than the RM184 million in the preceding financial year, mainly attributable to lower investment income due to the challenging market environment.

As at Dec 31, Affin Hwang AM’s assets under administration stood at RM47.8 billion, an increase of 0.84% from a year earlier, driven by the higher net inflows secured throughout the year despite the adverse market condition, as well as the removal of tax exemption on interest income earned by wholesale money market funds.

Posted by Good123 > 2019-05-10 14:08 | Report Abuse

yes, most GLC stocks have recovered a lot... pretty safe at this price level to grab some boustead and bplant for turnaround

Posted by Good123 > 2019-05-10 15:45 | Report Abuse

rebound soon :)

Boustead group sees return to profitability
Thursday, 25 Apr 2019

by intan farhana zainul

KUALA LUMPUR: Boustead Holdings Berhad 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/#vGE6w1yRvooXSuA1.99

Posted by 129055444514385 > 2019-05-10 15:53 | Report Abuse

BOUSTEAD TODAY
Today the Boustead Group has an active interest in six primary sectors of the Malaysian economy namely, plantation, property, pharmaceutical, heavy industries, finance & investment, and trading & industrial.

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.

Posted by 129055444514385 > 2019-05-10 15:53 | Report Abuse

HISTORY OF BOUSTEAD
Boustead Holdings Berhad, one of Malaysia's oldest conglomerates, can trace its roots to 1828 when Edward Boustead founded a modest trading company in Singapore, shortly after Sir Stamford Raffles established the British Settlement in 1819.

Its core business during those pioneering days was primarily import and export, as well as shipping and insurance agents. With trade growing between the two territories and as the Straits of Malacca became more important as a primary waterway between Europe and the Far East, Edward opened a branch in Penang in 1864.

At the turn of the 20th century, Boustead in the year 1911 diversified its business interest and began trading in rubber. Moving up the value chain, the company expanded into the management and ownership of rubber estates while exporting sheet rubber and latex. As the new nation, Malaya grew rapidly, Boustead expanded its business interest to import and distribution of a variety of goods.

In 1961, Boustead consolidated its various businesses to form a new public listed company known as Boustead & Co. Limited. In 1966, the entity changed its name to Boustead Holdings Berhad and in 1976, the Group became a wholly-owned Malaysian entity.

Posted by 129055444514385 > 2019-05-10 15:54 | Report Abuse

:)

MILESTONES
1800s
1828
Boustead & Co. founded in Singapore.

1864 Boustead opened first branch office in Malaya in Penang.
1960s
1961
Boustead & Co. Limited was listed on the Malayan Stock Exchange.

1966
Assumed the name Boustead Holdings Berhad.

1970s
1976
Boustead became a wholly-owned Malaysian entity with Lembaga Tabung Angkatan Tentera (LTAT) as its shareholder.

1980s
1984
Acquired 20% interest in UAC Berhad.

1990s
1990
LTAT acquired controlling interest in Boustead.

1992
Acquired 30% interest in Affin Holdings Berhad.

1996
Launched the Group’s first large scale property development in Mutiara Rini, Johor.

1997
Acquired 20% equity interest in PSC Industries Berhad.

1999
Acquired a 355-acre plot of land in Mukim Sungai Buloh,Selangor, now known as Mutiara Damansara, for mixed development.

2000s
2000
Co-established The University of Nottingham Malaysia Campus, the first branch campus of a British university in Malaysia.

2003
Boustead acquired its first hotel, The Royale Bintang Kuala Lumpur.

2004
Privatisation of Kuala Sidim Berhad and SCB Developments Berhad.

2004
Established the Curve, Malaysia’s first pedestrianised lifestyle shopping mall, in Mutiara Damansara.

2005
Acquired controlling interest in BP’s retail petrol business which was rebranded as BHPetrol.

2005
Acquired 31% interest in PSCNaval Dockyard Sdn Bhd, now known as Boustead Naval Shipyard Sdn Bhd.

2006
Delivered the first offshore patrol vessel to the Royal Malaysian Navy.

2007
UAC Berhad became a subsidiary of Boustead Holdings Berhad.

2007
Boustead successfully turned around PSC Industries Berhad,which was an ailing PN17 company, restructured it as Boustead Heavy Industries Corporation Berhad and relisted it on the Main Board of Bursa Malaysia.

2007 Boustead Naval Shipyard Sdn Bhd became a subsidiary of Boustead Holdings Berhad.
2007
Al-Hadharah Boustead REIT, the first and only Islamic plantation-based real estate investment trust (REIT), was listed on the Main Board of Bursa Malaysia.

2008
Boustead Properties Berhad was delisted and privatised under the Boustead Group.

2009
Acquired the remaining 50% of Damansara Entertainment Centre (previously known as Cineleisure Damansara), resulting in the complete integration of a one-stop entertainment and lifestyle centre in Mutiara Damansara Commercial Centre.

2010s
2010
Official launch of The Royale Chulan Kuala Lumpur.

2011
Acquired Pharmaniaga Berhad, Malaysia’s largest integrated local healthcare company and generic pharmaceuticals manufacturer.

2011
Opened Curve NX, housing Malaysia’s first international award-winning children’s indoor theme park, KidZania Kuala Lumpur.

2011
Acquired MHS Aviation, marking the Group’s entry into the aviation sector.

2012
Privatised UAC Berhad.

2013
Privatised Al-Hadharah Boustead REIT.

2014
Listing of Boustead Plantations Berhad on Bursa Malaysia.

2014
AFFIN Holdings Berhad investment banking segment now operates under its new brand name, Affin Hwang Capital, upon the successful acquisition of investment banking, asset management and futures businesses of Hwang-DBS (Malaysia) Berhad.

2014
Boustead Cruise Centre Sdn Bhd successfully completed the acquisition of a jetty and 69 acres of land in Pulau Indah.

2014
Acquired the Hyde Park Hotel in London, which has been rebranded ‘The Royale Chulan Hyde Park Hotel’.

2014
BHPetrol became the first petroleum company to offer Euro5-grade fuel in Malaysia.

2015
Acquired a strategic stake in the implementation of Ministry of Transport's Automated Enforcement System (AES)

2017
MyTOWN Shopping Centre opens its doors to the public.

2017
The Royale Chulan & Bintang Hotels & Resorts undertook a rebranding exercise unifying all eight hotels under one brand name, Royale Chulan.

2018
AFFIN Holdings Berhad and AFFIN Bank Berhad undertook a reorganisation exercise. AFFIN Bank is now the holding company of the reorganised AFFIN Group.

Posted by 129055444514385 > 2019-05-10 15:58 | Report Abuse

gain on disposal coming :)

Boustead to Unlock Value via Disposal of Royale Chulan Bukit Bintang Hotel located along Jalan Bukit Bintang

KUALA LUMPUR, March 15, 2019 - Boustead Holdings Berhad’s subsidiary, Boustead Hotels & Resorts Sdn Bhd, today entered into a sale and purchase agreement with Every Room A Home Sdn Bhd, a subsidiary of Hotel Royal Limited, to dispose its Royale Chulan Bukit Bintang Hotel, which is located along Jalan Bukit Bintang for a total cash consideration of RM197 million.

The sale consideration was reached on a willing-buyer willing-seller basis, factoring in the fair market value of the property based on an independent professional valuation.

The SPA is however, conditional upon, amongst others:

(i) the Purchaser obtaining the approval of the Economic Planning Unit of the Prime Minister’s Department of Malaysia for the acquisition of the Property;

(ii) the Purchaser obtaining the approval of Jawatankuasa Kerja Tanah Wilayah Persekutuan Kuala Lumpur for the acquisition of the Property under Section 433B of the National Land Code, 1965; and

(iii) the Purchaser completing all conditions and listing requirements imposed by the Singapore Exchange Securities Trading Limited (“SGX”).

A spokesperson from BHB commented, “The disposal of this property forms part of the Boustead Group’s overall plan to return to profitability by way of divesting non-strategic assets. Weighing the prospects of maintaining the hotel, given low occupancy rates and the age of the property coupled with the increasingly competitive industry, the sale offers greater value to the Group.”

“The prime location of Royale Chulan Bukit Bintang Hotel in the golden triangle of Kuala Lumpur enables us to dispose of the hotel at a premium over the net book value. The Group is expected to realise a total estimated gain of RM92 million 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.”

The proposed sale is expected to be completed by mid-2019.

Forward looking statements
This release may contain certain forward-looking statements with respect to the financial conditions, results of operations and business of the Group and certain plans and objectives of Boustead Plantations Berhad with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

-ends-

Posted by 129055444514385 > 2019-05-10 15:59 | Report Abuse

New MD to turnaround the entire group, etc... Good! :)

Dato' Sri Amrin Awaluddin to take the helm at Boustead

KUALA LUMPUR, April 5, 2019 - Boustead Holdings Berhad (BHB) today announced the appointment of its new Managing Director, Dato' Sri Amrin Awaluddin, effective May 6, 2019.

Dato’ Sri Amrin has had a notable career with 30 years of experience in the corporate arena. He began his career in the financial services industry and has held several key appointments. He has played a pivotal role in driving the success of leading Malaysian companies which includes Renong Berhad, Malaysian Resources Corporation Berhad, Sistem Televisyen Malaysia Bhd, Media Prima Berhad and most recently, Sime Darby Property Berhad.


Dato’ Sri Amrin is currently a director of Taliworks Corporation Berhad and CIMB Bank Berhad. He holds a Bachelor of Business Administration (Honours) from Acadia University, Canada and a Master of Business Administration (Finance) from the University of Hull, United Kingdom. He is a member of the Chartered Institute of Management Accountants, United Kingdom (CIMA) and a Chartered Accountant of the Malaysian Institute of Accountants.

Gen. Tan Sri Dato’ Seri Panglima Mohd Ghazali Hj. Che Mat (R), Chairman, Boustead Holdings Berhad, said, “We are pleased to welcome Dato' Sri Amrin as our new Managing Director. We are confident that his experience and proven track record will help steer the Group forward. Particularly given the increasingly competitive landscape, his vast expertise and sharp business acumen certainly augurs well for the development of the Group.”

Since its inception as a modest trading entity more than 180 years ago, the Boustead Group has grown by leaps and bounds to comprise more than 90 subsidiaries, associate companies and joint ventures, and has substantial interests in various sectors of the Malaysian economy. The Boustead Group's operations are focused in six key areas; plantation, heavy industries, property, finance & investment, trading & industrial and pharmaceutical. 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.

Forward looking statements
This release may contain certain forward-looking statements with respect to the financial conditions, results of operations and business of the Group and certain plans and objectives of Boustead Plantations Berhad with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

-ends-

Posted by 129055444514385 > 2019-05-10 16:01 | Report Abuse

Wow, undervalued by 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.

Posted by 129055444514385 > 2019-05-10 16:01 | Report Abuse

i think hold till next year at least 50sen to rm1 ROI based on current price :)

Posted by peterchua > 2019-05-12 09:04 | Report Abuse

Probably now is not the best time for LTAT & boustead to pare down their stake in subsidiaries due to weak market. Once market recovered, I think LTAT boss would carry out the initiatives.

With deep underlying asset, Bstead would climb again.

Posted by 129055444514385 > 2019-05-13 15:57 | Report Abuse

LTAT and EPF could privatise Boustead Holdings Bhd jointly :)

LTAT, if possible, privatise it for maximising member value... later, dispose off its stake in few listed companies of boustead holdings bhd.... period


greatly undervalued by RM2.4billion.... scary.... shareholders' funds =RM5.4bil, market cap only=RM3bil. 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.

Posted by Good123 > 2019-05-13 17:00 | Report Abuse

the lowest price ever after GE14, VALUE BUY NOW

Posted by smartag > 2019-05-14 05:49 | Report Abuse

Avoid GLC!!

Posted by 129055444514385 > 2019-05-14 09:43 | Report Abuse

lowest price level since GE14 now.... largest shareholders are LTAT and EPF. stakes in pharmanaga, affin bank, bplant, etc..................... fire sale now :)

Posted by 129055444514385 > 2019-05-14 09:46 | Report Abuse

will rebound quickly soon, 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.


Recent Prices
Date Open Range Close Change Volume
13/05/2019 1.22 1.20 - 1.22 1.22 0.00 (0.00%) 258,500
10/05/2019 1.23 1.21 - 1.24 1.22 -0.01 (0.81%) 455,300
09/05/2019 1.25 1.23 - 1.25 1.23 -0.02 (1.60%) 198,500
08/05/2019 1.25 1.23 - 1.25 1.25 0.00 (0.00%) 293,900
07/05/2019 1.26 1.25 - 1.26 1.25 -0.02 (1.57%) 367,000
06/05/2019 1.27 1.25 - 1.27 1.27 0.00 (0.00%) 172,800
03/05/2019 1.25 1.25 - 1.29 1.27 +0.01 (0.79%) 435,800
02/05/2019 1.28 1.26 - 1.29 1.26 -0.02 (1.56%) 419,600
30/04/2019 1.28 1.28 - 1.31 1.28 0.00 (0.00%) 242,600
29/04/2019 1.30 1.28 - 1.31 1.28 -0.02 (1.54%) 295,000
26/04/2019 1.38 1.29 - 1.39 1.30 -0.05 (3.70%) 1,166,300
25/04/2019 1.29 1.29 - 1.40 1.35 +0.07 (5.47%) 2,297,400

Posted by 129055444514385 > 2019-05-14 10:01 | Report Abuse

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.

Posted by 129055444514385 > 2019-05-14 10:03 | Report Abuse

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.

Posted by Lol > 2019-05-14 22:43 | Report Abuse

losing streak since last few years...whats the reason to make it up ?

Posted by zhen wei & JP > 2019-05-15 00:37 | Report Abuse

2019 r u sure?

Posted by Good123 > 2019-05-15 10:00 | Report Abuse

yup expecting a big jump in price after the release of Q1 results this month later :)

Posted by Good123 > 2019-05-15 10:04 | Report Abuse

just buy and keep now... the lowest price after GE14. Q1 results will be out. be patient