Posted by Victor Yong > 2019-12-18 21:07 | Report Abuse

After helping Felda on FGV, now, the government should be helping LTAT on Boustead. LTAT invested ~RM3.1bil in Boustead but the market cap of Boustead now is ~RM1.9bil. It could be as urgent as FGV :)


Risiko kebergantungan berlebihan dan kesukaran menjual balik saham sejak 2014.

- Terdapat penjualan ketara ke atas saham-saham berpotensi dan peningkatan pegangan oleh LTAT dalam Kumpulan Boustead (BHB) dan syarikat-syarikat di bawah naungannya.

- Ini telah mengakibatkan penumpuan pelaburan yang amat berlebihan oleh LTAT. Pelaburan di dalam Kumpulan BHB telah meningkat sebanyak hampir 50% daripada RM2.1 bilion ke RM3.1 bilion manakala bilangan saham berkaitan meningkat sebanyak lebih 83% daripada 833 juta saham bagi tahun TK2014 ke 1.525 bilion saham bagi TK2018.

Posted by Good123 > 2019-12-18 21:10 | Report Abuse

ya lah, kerajaan pasti akan menolong boustead kerana LTAT :)

Posted by Victor Yong > 2019-12-19 09:18 | Report Abuse

:)

ONE COCHRANE RESIDENCES
(Trendy Living) - www.onecochraneresidences.com
Soon to be revealed, “One Cochrane Residences” is another prestigious residential development by Mutiara Rini Sdn Bhd, a subsidiary of Boustead Holdings Berhad and the developer of the award wining townships, Mutiara Damansara in Petaling Jaya and Taman Mutiara Rini in Skudai, Johor Bahru.

One Cochrane Residences is strategically located at Jalan Cochrane, just 4.2km south-east from Kuala Lumpur City Centre and directly opposite Ikea Cheras, the new MyTOWN Shopping Centre and the Cochrane MRT Station. The MRT line connecting Sg Buloh and Kajang is fully operational since July 2017. The Tun Razak Exchange or better known as TRX, Bandar Malaysia, the KLCC Twin Towers, shopping centres at Jalan Bukit Bintang/Jalan Ampang, international/boutique hotels, private educational centres and medical centres are only within 2km – 5km away.

One Cochrane Residences is easily accessible and well connected to major highways such as Maju Expressway (MEX), SMART Highway, DUKE, AKLEH, Middle Ring Road 2 (MRR2) and the Federal Highway. Major road links include Jalan Tun Razak, Jalan Ampang, Jalan Sg Besi and Jalan Loke Yew.


The freehold 3.66-acre site will house two 37-storey tower blocks (i.e. Tower A and Tower B) and a 10-storey car park and facilities block. Upon completion in 2020, there will be 448 condominium units with various sizes, (minimum unit sizes of between 926 sq.ft., and 980 sq.ft. whilst typical unit sizes range from 1,055 sq.ft. to 1,098 sq.ft.). One Cochrane Residences offer the unique dual-key concept (1,227 sq.ft.) apart from the typical floor layout. The dual-key concept allows owners the privacy of a separate entrance to one of the rooms with en-suite bath.

Privileged City-North units enjoy a commanding view of the KL City skyline whereas City-South units look towards Sg Besi. All units have balconies, and facilities are spread out on Level 9 and the roof top of the car park block. For convenience, a covered link bridge at Level 6 connects both Towers and the car park/facilities block. Each unit comes with 2 car parks. A 4-tier security system ensures privacy and safety whilst each tower will have 4 passenger lifts, a dedicated service/stretcher lift, separate waiting lounges and lift lobbies.

One Cochrane Residences is now open for registration. Kindly register your interest at the office of Mutiara Rini Sdn Bhd at 18th Floor Menara Boustead or call 03-2141 9044, Ms. Hanim (ext 255) hanim.mrini@boustead.com.my or Mr. Wan (ext 147) wmfardly.mrini@boustead.com.my

BE SEEN, BE THE FIRST, BE PROUD, BE THE OWNER OF A BRAND NEW UNIT AND ENJOY
Trendy Living @ One Cochrane Residences.

Superb Connectivity

Strategically located and well connected to major highways and main roads via MEX, SMART, DUKE, AKLEH, MRR2, Federal Highway, Jalan Tun Razak, Jalan Ampang, Jalan Sg. Besi and Jalan Loke Yew.

Well connected by public transportation services with the upcoming MRT and LRT stations.

Supported by ready amenities and facilities with shopping centres, financial institutions, retail components and a matured residential neighbourhood.

Ikea Cheras and MyTOWN Shopping Centre are located directly opposite One Cochrane Residences.

New landmarks of TRX, Bandar Malaysia and TREC are within close proximity.

Freehold Title where owners enjoy cheaper rates of utilities, assessment and quit rent.

Do not hesitate, it’s Irresistible!

Posted by Victor Yong > 2019-12-20 09:39 | Report Abuse

Don't miss this bstead's recovery :)

Boustead Holdings Berhad, an investment holding company, is engaged in diversified business in Malaysia. The Plantation division cultivates of oil palms in Malaysia, as well as involves in planting and processing oil palm and rubber; and forestry and oil bulking installations businesses. The Heavy Industries division is engaged in shipbuilding; marine engineering, oil and gas, offshore fabrication, and fabrication of steel structures and platforms; and ship repair businesses. This division also provides marketing and related services for the maritime defense industry, as well as supplies and maintains weapons and guns. The Property division invests in and develops commercial and residential properties, as well as operates hotels. The Finance and Investment division offers commercial banking services, including credit cards, personal loans, mortgages, and deposit-taking services; and investment banking services businesses consists of money broking, fund managing, and underwriting general and life insurance products. The Trading division is engaged in warehousing and distributing moving consumer products; providing general insurance services; and distribution of engineering products, including wheel loaders, transmission chains, weighbridges and weighing equipment, hydraulic dock levelers, and other materials handling equipment. The Manufacturing and Services division is engaged in manufacturing and marketing architectural and protective coatings. It also produces cellulose fiber cement boards for a range of ceiling and cladding applications; produces and markets roofing and cladding sheets; and manufactures and installs steel roof truss systems for commercial, residential, and industrial buildings. In addition, this division provides various travels and tour related services. Boustead Holdings is based in Kuala Lumpur, Malaysia.

Posted by Victor Yong > 2019-12-20 10:51 | Report Abuse

Bottom fishing,

:)



Date Close
19/12/2019 0.93
18/12/2019 0.94
17/12/2019 0.93
16/12/2019 0.945
13/12/2019 0.94
12/12/2019 0.94
11/12/2019 0.94
10/12/2019 0.94
09/12/2019 0.945
06/12/2019 0.94
05/12/2019 0.94
04/12/2019 0.93
03/12/2019 0.925
02/12/2019 0.925
29/11/2019 0.965
28/11/2019 0.96
27/11/2019 0.96
26/11/2019 0.96
25/11/2019 0.975
22/11/2019 0.965

Posted by Victor Yong > 2019-12-20 11:00 | Report Abuse

New govt will focus on LTAT and boustead after felda and fgv :)




Dalam kes LTAT, bukan saja tadbir urus lemah malah ia juga diperkudakan bagi menyelesaikan najis korporat era Najib.

Misalnya apabila sistem penguatkuasaan lalu lintas automatic (AES) yang difrancais pada zaman Najib ditentang oleh pengguna jalan raya, LTAT dan anak syarikatnya, Boustead Holdings Berhad, dikerah untuk beli konsesi itu pada tahun 2015 dengan bayaran RM623.2 juta.


Pengurusaan baharu LTAT sedang berusaha dapatkan ganti rugi. Boustead juga digunakan bagi mengambil alih tanah Kementerian Pertahanan yang diswastakan kepada dua orang sahabat Najib.

Seorang Melayu dan seorang India, apabila rakan kongsi itu bergaduh sehingga membawa ke mahkamah.

Secara peribadi saya tidak dapat mengampunkan apa yang berlaku kepada LTAT kerana saya beberapa kali menulis membantah dan memberi amaran mengenai bahaya perbuatan memperalatkan tabung pencen tentera itu bagi membasuh najis korporat orang lain.


Tadbir urus yang lemah burukkan lagi prestasi LTAT. Pengurusan lama jual saham-saham yang kukuh dan untung kemudian beli saham syarikat-syarikatnya sendiri yang lemah dan kurang menguntungkan.

Buku kira-kira diolahkan untuk menunjukkan keuntungan yang banyak dan membayar dividen yang tinggi sedangkan keuntungan tidaklah sebanyak mana.

Alhamdulillah, saya mendapat jaminan jika segala langkah pemulihan yang sedang dilaksanakan oleh pengurusan baharu berjalan seperti yang dirancang, LTAT akan kembali pulih dalam masa dua hingga tiga tahun.


Wallahuaklam.

*Datuk A Kadir Jasin ialah Tokoh Wartawan Negara

Posted by Victor Yong > 2019-12-20 11:06 | Report Abuse

Boustead will be the fgv in 2020, :)


Mat Sabu, ‘angkat tangan’ jika tak mampu jaga Boustead, LTAT
By Wartawan MalaysiaGazette - 24 October 2019


KUALA LUMPUR – Boustead Holdings Berhad (Boustead) didakwa masih belum mampu membayar apa-apa dividen kepada Lembaga Tabung Angkatan Tentera (LTAT) untuk separuh pertama tahun ini.

Senario itu sangat membimbangkan kerana jika Boustead tidak membuat pembayaran dividen kepada LTAT, bagaimana LTAT dapat membayar dividen kepada ahli-ahlinya.


“Jangan nanti Pakatan Harapan (PH) kata dividen LTAT tahun 2018 ialah 2% tapi dividen LTAT tahun 2019 turun hingga sifar?,” kata bekas Perdana Menteri itu.

Pada tahun 2017, Boustead membayar dividen sebanyak 11 sen sesaham dan tahun lalu 5 sen sesaham.

Najib yang tidak sampai hati untuk trol perkara ini berkata, bukan sekadar dividen Boustead yang menurun tetapi harga saham Boustead juga telah menjunam.


Katanya, sebelum PRU14, harga satu saham Boustead hampir RM3 tetapi semasa pengumuman dividen tahun 2018 bulan lepas, harga saham Boustead menjunam ke RM1.05 sesaham

“Dan hari ini turun lagi ke 95 sen,” katanya sambil mendakwa kerosakan ini bertambah teruk selama 18 bulan sejak PH memerintah.

Tegasnya, situasi ini bukan sahaja membawa kerugian besar bagi LTAT tetapi untuk tabung-tabung rakyat yang lain memandangkan saham Boustead turut dimiliki oleh Kumpulan Wang Persaraan (KWAP) dan Kumpulan Wang Simpanan Pekerja, selain LTAT.

Katanya, LTAT memiliki 1,204,952,018 saham Boustead, manakala KWAP (186,179,392) dan KWSP (102,644,848).

Lantaran itu, Najib berkata, jika Menteri Pertahanan, Mohamad Sabu tidak mampu menjaga LTAT dan Boustead serahkan kepada pemimpin PH lain.

“Jangan sampai LTAT umum dividen 0.00% bagi tahun 2019,” ujarnya. – MalaysiaGazette

Posted by Victor Yong > 2019-12-20 11:08 | Report Abuse

Kadir Jasin, mat sabu Dan najib will be helping to promote LTAT and boustead :)

Posted by Victor Yong > 2019-12-20 11:27 | Report Abuse

Special Report: LTAT, Boustead at a crossroads
Khairie Hisyam Aliman

The Edge Malaysia

July 18, 2019 18:00 pm +08

This article first appeared in The Edge Malaysia Weekly, on July 8, 2019 - July 14, 2019.


LAST Thursday, shares of Boustead Heavy Industries Corp Bhd (BHIC) closed at RM1.26.

The stock has remained below the RM1.40 threshold — lows unseen for at least five years — for about 11 months.

Its last peak in the past 18 months was on Jan 19 last year when the stock hit RM2.11. By July 6, it had shed 36.5% of its market value to RM1.34 and has not recovered to date.

Interestingly, even though BHIC has announced a number of new contracts since late 2018, its share price has not budged, sparking suspicion among some shareholders that it is being deliberately suppressed by an unknown party.

“BHIC’s share price is a function of market sentiments, hence we cannot comment on the matter,” BHIC says when asked what it is doing to address these concerns. “We continue to focus on maximising shareholder value ... we trust that discerning shareholders will appreciate the long-term value proposition.”

For the Armed Forces Fund Board (LTAT) and its 59.45%-owned listed vehicle, Boustead Holdings Bhd, BHIC’s lacklustre share price performance puts them at a crossroads.

LTAT is the ultimate controlling shareholder of BHIC with a direct stake of 8.16% while Boustead Holdings controls another 65%.

LTAT is looking to rebalance its investment portfolio, which is significantly concentrated in chunky equity investments on Bursa Malaysia.

About 60% of LTAT’s RM10 billion fund is in listed equities — primarily in the Boustead group of companies, which includes BHIC.

LTAT CEO Nik Amlizan Mohamed, who was appointed last September, told The Edge at the time that rebalancing LTAT’s portfolio is the long-term agenda, although she stressed that LTAT is “patient capital” and will not rush the process.

In a statement to The Edge, LTAT says it periodically reviews its investments, including those in BHIC, in keeping with its aim to generate sustainable returns for its members.

“Nevertheless, at this juncture in time, there are no concrete plans to divest LTAT’s stake in BHIC,” the fund adds.

LTAT did not address queries on whether it would be open to paring down its stake, either partially or wholly, or whether it has been approached by interested investors in a possible sale.

In any event, BHIC may require special consideration among the various businesses in the Boustead group as far as portfolio rebalancing goes.

In the short term, LTAT’s direct and indirect shareholding in BHIC, amounting to 73.16%, means liquidity could also be shackling its value.

As the shipbuilder’s recent financial performance has also hurt returns for LTAT, it makes sense for the fund to gradually reduce its stake and redeploy its capital.

However, the current low valuation means any divestment will likely mean its books will take a hit. LTAT did not respond to queries on its holding cost for the BHIC shares.

Another factor could be what moves Boustead Holdings, which welcomed new managing director Datuk Seri Amrin Awaluddin on May 6, makes down the road.

Setting a new direction for Boustead Holdings will undoubtedly include deciding what to do with its sprawling interests, including its 65% stake in BHIC. It is worth noting that Amrin also joined Minister of Defence Mohamad Sabu’s visit to BHIC’s shipyard in Lumut last month.

Counter-balancing these considerations, however, is the fact that BHIC is unique as it is effectively a monopoly military shipbuilder for the government.

While other major businesses in the Boustead group such as plantations, banking, property and pharmaceuticals have industry peers that LTAT can invest in to spread the risk, BHIC cannot be replaced like-for-like in LTAT’s portfolio.

Also, the pipeline of contracts coming from the Royal Malaysian Navy over the next decade plus possible military spending boosts from the upcoming Defence White Paper paints a picture of BHIC soon being on the cusp of a boom wave.

LTAT and Boustead Holdings will thus have to decide on its priorities as far as BHIC is concerned.

Posted by Victor Yong > 2019-12-20 11:39 | Report Abuse

:)


PETALING JAYA: Boustead Holdings Bhd expects to return to profitability in current financial year ending Dec 31 (FY19).

The group plunged into the red with a net loss of RM469.2 million in FY18 in light of the losses incurred by its heavy industries and plantation divisions, while other divisions registered moderate earnings as a result of trying economic conditions.

Executive director Datuk Seri Ghazali Mohd Ali said “the ingredients for success are there” and it is a matter of discussing and strategising it before year-end.

“Our assets are there, our plans are there, manpower is there. Those three ingredients alone will bring success and a fresh outlook for the new group managing director (MD) will help the organisation in achieving its targets,” he told a press conference after the group’s AGM today.

He declined to reveal the “plans”, citing pending discussions with the new MD Datuk Seri Amrin Awaluddin, who will begin his new role on May 6.

“We’ll be discussing with him (Amrin) and the board before we go ahead and implement. Rest assured that the management and the board is working at turning the company around from the results of this year,” said Ghazali.

He commended Amrin for his experience and track record, especially in property development, as well as his strong finance background, adding that the group has the framework ready for somebody to take over and lead the group forward.

He emphasised that Boustead is asset-rich and from the perspective of businesses, the group is in a strong position with clear prospects ahead.

“We firmly believe that as long as we remain persistent in strengthening the foundation of our businesses, and tapping opportunities for growth, we will see results in the medium to long term future. What got us here will not get us there. We have to reinvent ourselves in certain areas, we have to look at ourselves and work at our strengths,” said Ghazali.

Meanwhile, he said there will be one or two more asset disposals this year to pare down its borrowings. Its gearing ratio stands at 0.9 times, which is deemed comfortable for the group.

Posted by Victor Yong > 2019-12-20 12:21 | Report Abuse

:)

KUALA LUMPUR: Boustead Plantations Bhd melantik Ibrahim Abdul Majid sebagai Ketua Pegawai Eksekutif (CEO) yang baru, berkuatkuasa 1 Disember 2019.

Ibrahim mengambil alih jawatan berkenaan daripada Mohamad Azlan Jaafar, yang mana sebelum ini adalah Pemangku Ketua Pegawai Eksekutif dan beliau akan meneruskan tanggungjawab sebagai Timbalan Ketua Pegawai Eksekutif syarikat.

Beliau berpengalaman luas dalam industri minyak sawit susulan terbabit dalam sektor berkenaan selama 40 tahun.

Ibrahim memulakan kerjayanya dengan Sime Darby pada 1979, sebelumnya dinaikkan pangkat sehingga kedudukan terakhirnya sebagai CEO Wilayah Selatan Sime Darby Plantation Bhd.

Sementara itu, Boustead Plantations juga mengumumkan kenaikan pangkat Mohamad Mahazir Mustaffa sebagai Ketua Pegawai Kewangan baru (CFO) dan pelantikan Noral Afida Alwi sebagai Pengawai Kewangan yang baru.

Mohamad Mahazir, seorang profesional berpengalaman dengan pendedahan kewangan 21 tahun, sebelum ini adalah CFO syarikat.

Beliau adalah ahli Persatuan Akauntan Bertauliah (ACCA) dan memegang Ijazah Sarjana Sains dalam Pentadbiran Perniagaan (Perakaunan) dari California State University, Amerika Syarikat.

Noral Alwi pula adalah profesional dengan berpengalaman lebih 25 tahun. Beliau memulakan kerjayanya dengan Sime Darby pada 1993 dan kedudukan terakhirnya adalah Ketua Perbendaharaan untuk Sime Darby Plantation Bhd.

Noral adalah ahli ACCA dan menghadiri Emile Woolf College, London, United Kingdom.

Posted by Victor Yong > 2019-12-20 12:25 | Report Abuse

:)

Boustead Holdings is reportedly looking to dispose of its stake in Boustead Petroleum Marketing (BPM), which operates petrol stations under the BHPetrol brand. The Edge reports that discussions with a potential individual buyer are ongoing, with several other parties interested in the assets waiting on the sidelines.

“This (waiting on the sidelines) is because the price tag being bandied about is more than RM1 billion, maybe even RM1.5 billion, or more,” a source familiar with the matter told the publication. He said that despite the price, there are quite a few parties looking at a deal, waiting to see the valuation being sought by Boustead Holdings.

BPM retails petrol, diesel and liquefied petroleum gas (LPG) products as well as lubricants and operates more than 380 petrol stations across the country. The company is 70% controlled by Boustead Petroleum and 30% by Lembaga Tabung Angkatan Tentera (LTAT).

The latter has a 59.45% stake in Boustead Holdings. The report adds that considering the shareholding structure of Boustead Holdings and LTAT, it looks unlikely that LTAT will remain in BPM if Boustead Holdings – which also has interests in defence, pharmaceuticals, heavy engineering, plantations and property development – exits the business.



Shareholders of Boustead Petroleum are Boustead Holdings, which has a 59.82% stake, PE Petroleum (21.11%), Vitol Malaysia (14.07%) and Tan Sri Che Lodin Wok Kamaruddin (5%), who previously helmed both Boustead Holdings and LTAT.

A check by the publication reveals that PE Petroleum is wholly owned by a company called Hesselink Investments, while Vitol Malaysia is wholly owned by Vitol Malaysia BV, a unit of the Dutch oil giant Vitol. A source highlights that Vitol could be interested in the business, but the report says that this is unsubstantiated.

Other names that have been bandied include Petronas Dagangan, which has more than 1,000 petrol stations nationwide, and Petron Malaysia Refining & Marketing, which operates more than 640 petrol stations across the country, but these too remain very much conjecture.

Posted by Victor Yong > 2019-12-20 12:44 | Report Abuse

On 15 March 2019, Boustead Hotel & Resorts Sdn Bhd (BHR), a wholly owned subsidiary of Boustead Properties Berhad,
which in turn is a wholly owned subsidiary of the Company, entered into a sale and purchase agreement (SPA) with Every
Room A Home Sdn Bhd (the Purchaser), for a proposed disposal of Royale Chulan Bukit Bintang Hotel located on 2 parcels
of freehold land measuring approximately 3,189 square meter which was held under GRN 70145, Lot 1297 and GRN 70146,
Lot 1298, both in Seksyen 67, District of Kuala Lumpur (Property) and its business, including fixtures, fittings and
furnishings but excluding goodwill, for a cash consideration of RM197 million (Disposal Consideration) (Proposed
Disposal).
The Proposed Disposal is subject to the following remaining conditions precedent:
The conditions stipulated in the SPA.
The Proposed Disposal is expected to be completed in the 4th quarter of 2019

Posted by Value Investor Coo1eo > 2019-12-20 14:05 | Report Abuse

Victor...you wasting your time...this company going no-where.

Posted by Victor Yong > 2019-12-23 17:02 | Report Abuse

BHP and BPlant should perform better, 4Q, 2019 :) sabar!

Malaysia spot crude premiums hit multi-year high on tight supplies
| 23 Dec 2019 / 13:33
REUTERSPIX
SINGAPORE: Asia-Pacific refineries are forking out multi-year high premiums for sweet crude produced in the region as alternative supplies from the West have become more expensive...

Indonesia launches B30 biodiesel to cut costs, boost palm oil
| 23 Dec 2019 / 13:28
REUTERSPIX
JAKARTA: Indonesia on Monday launched biodiesel containing 30% palm-based fuel, the highest mandatory mix in the world, in a bid to slash its fuel import bill and boost domestic..

Posted by Victor Yong > 2019-12-23 18:31 | Report Abuse

LTAT needs money from Boustead, after FGV, focus should be Boustead. :) pharmaniaga dah ok, BPlant should be OK too with high CPO price, affin also ok, BHP ok with petrol price to be floated next year, BHIC is waiting for more govt contracts. should recover with the results from 4Q, 2019

Posted by Victor Yong > 2019-12-23 18:45 | Report Abuse

EPF is still a substantial shareholder in Boustead :)

2771 BSTEAD BOUSTEAD HOLDINGS BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Particulars of Shareholder 36

Name : EMPLOYEES PROVIDENT FUND BOARD
NRIC/Passport No./Company No. : EPF ACT 1991
Nationality/Country of Incorporation : Malaysia

Address:
Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur WilayahPersekutuan Malaysia

Descriptions (Class and Nominal Value):
Ordinary shares of RM0.50 each


Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement orattachment.To read the entire contents of the announcement or attachment,pleaseaccess the Bursa website at http://www.bursamalaysia.com


Details of Changes

Date of Notice : 17/12/2019

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 16/12/2019 Acquired 5,067,470 -
2. 16/12/2019 Disposed 5,067,470 -


Circumstances by reason of which change has occurred:
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board("EPF") - Disposal 5,067,470 shares.Citigroup Nominees (Tempatan) Sdn BhdEmplys Prvnt Fd Bd (Affin Hwang-SBL) ("EPF AH") - Acquisition 5,067,470 shares

Nature of Interest:
Direct Interest

Consideration:



No of Shares Held After Changes:
Direct : 101,497,948 shares (5.0070%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 101,497,948 shares

Remarks:
The total number of 101,497,948 ordinary shares comprising of thefollowing:-1. EPF - 96,430,478 shares2. EPF AH - 5,067,470 sharesYou 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:



20/12/2019 07:00 AM

Posted by Victor Yong > 2019-12-23 21:03 | Report Abuse

BPlant will contribute a lot to Boustead :)

B20 biodiesel for transport sector to be launched in phases next year: Teresa Kok
20 DEC 2019 / 17:17 H.
B20 biodiesel for transport sector to be launched in phases next year: Teresa Kok
BERNAMAPIX
PUTRAJAYA: The B20 biodiesel programme for the transport sector is expected to be launched in phases next year, that would give a fillip to the crude palm oil (CPO) price which is projected to reach RM3,000 per tonne.

Primary Industries Minister Teresa Kok Suh Sim (pix) said the programme would start in Langkawi, followed by Labuan, Sarawak, Sabah and subsequently in Peninsular Malaysia.

“A preliminary study and engineering design for the upgrading of the blending depot has also been approved with an allocation of RM35 million. This will involve 35 depots and are expected to be ready in the first quarter of next year,“ she told reporters after the Ministry of Primary Industries’ gathering here, today.

Kok said the launching ceremony for the programme would be officiated by the Prime Minister Tun Dr Mahathir Mohamad on Feb 20 next year.

She said the CPO price which is now approaching RM2,800 per tonne, was expected to continue rising next year based on the positive trend, whereby the price was around RM1,700 per tonne in 2018 compared to now, as well as the high demand following the B20 implementation and the government’s efforts to explore new markets to boost exports.

The increase in the CPO price would not only benefit the country’s economy but also the industry especially smallholders, she said.

“The Christmas and Chinese New Year (celebrations) would see many countries importing palm oil from us and the implementation of the B20 programme would boost demand. If stock is low, price would go up,” she said.

Meanwhile, Kok said she would make a visit to Europe early next year to meet the commissioner and new parliament members of the European Union (EU) to present Malaysia’s efforts and success in promoting sustainable oil palm industry.

“We want to present to them what Malaysia has done in the last two years. Europe wants sustainable palm oil and we are doing it, even the smallholders when the government helps them to get the Malaysian Sustainable Palm Oil (MSPO) certification. Our oil palm industry players replant forest trees and contributed to forest conservation,“ she said.

Highlighting one of Malaysia’s efforts, Kok said the additional RM1 cess per tonne of palm oil produced would be collected and parked into a fund for green initiatives, which will be utilised for wildlife conservation purposes and green initiatives, especially replanting of forest trees.

She hoped the EU will accept and recognised Malaysia’s green agenda and MSPO, thus import the commodity more as well as stop throwing accusations against palm oil.

On the MSPO certification, Kok said the target of 100 per cent by Dec 31 was not achieved as the challenge was with the smallholders, however, they are now more aware of the need for the certification as well have shown interest following the promotion by the media.

She said industry players’ awareness on the certification had increased whereby 62.14 per cent of the 5.85 million hectares of oil palm planted areas in Malaysia had achieved MSPO certification as at Dec 19 compared with only 17 per cent when she headed the ministry.

Kok said she was confident that the target of 70 per cent of the oil palm planted areas in Malaysia to be MSPO-certified could be achieved by February 2020. -Bernama

Posted by Victor Yong > 2019-12-23 22:22 | 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 zhen wei & JP > 2019-12-23 23:19 | Report Abuse

Palm oil will be leaded by indonesia as upgraded refinery seek for better quality yield.
Joke: While the hidden hand diverted their cash oversea .

Posted by macOS > 2020-01-02 09:51 | Report Abuse

Technicals:
Technical Buy
1) *BSTEAD (2771)*
Resistance/阻力: RM1.04, RM1.10
Support/支撑: RM0.945, RM0.915
Last closing price/市价: RM0.975

Posted by EngCCCC > 2020-01-08 16:57 | Report Abuse

Bstead today touch lowest price, 0.915. It seem as train to Batam.

Posted by Victor Yong > 2020-01-21 15:50 | Report Abuse

Recent Prices
Date Open Range Close Change Volume
20/01/2020 0.935 0.93 - 0.94 0.93 -0.005 (0.53%) 208,700
17/01/2020 0.93 0.93 - 0.95 0.935 -0.005 (0.53%) 112,100
16/01/2020 0.945 0.935 - 0.945 0.94 -0.005 (0.53%) 276,500
15/01/2020 0.93 0.93 - 0.945 0.945 +0.015 (1.61%) 266,600
14/01/2020 0.94 0.925 - 0.94 0.93 -0.005 (0.53%) 454,100
13/01/2020 0.93 0.925 - 0.94 0.935 +0.005 (0.54%) 88,400
10/01/2020 0.92 0.92 - 0.93 0.93 +0.01 (1.09%) 442,100
09/01/2020 0.925 0.92 - 0.93 0.92 +0.005 (0.55%) 251,800
08/01/2020 0.93 0.915 - 0.935 0.915 -0.025 (2.66%) 766,400
07/01/2020 0.94 0.93 - 0.945 0.94 +0.005 (0.53%) 158,900
06/01/2020 0.96 0.935 - 0.96 0.935 -0.025 (2.60%) 561,000
03/01/2020 0.965 0.96 - 0.965 0.96 0.00 (0.00%) 1,016,900
02/01/2020 0.95 0.95 - 0.97 0.96 +0.01 (1.05%) 515,600
31/12/2019 0.975 0.95 - 0.98 0.95 -0.025 (2.56%) 410,400
30/12/2019 0.95 0.95 - 0.985 0.975 +0.03 (3.17%) 780,200
27/12/2019 0.93 0.93 - 0.96 0.945 +0.02 (2.16%) 306,600
26/12/2019 0.93 0.925 - 0.93 0.925 0.00 (0.00%) 228,600
24/12/2019 0.925 0.92 - 0.93 0.925 0.00 (0.00%) 221,800

Posted by Victor Yong > 2020-01-21 15:51 | Report Abuse

Boustead: Associate delivers first mission vessel to royal navy. Boustead Heavy Industries Corporation Bhd’s (BHIC) associate company Boustead Naval Shipyard SB (BNS) has delivered to the Royal Malaysian Navy (RMN), the first of four littoral mission ships (LMS) it was commissioned to build. Defence Ministry undersecretary (Procurement Division) Datuk Ahmad Hussaini Abdul Rahman received LMS1, ‘KERIS’, witnessed by RMN Eastern Fleet commander Datuk Syed Zahrul Putra Syed Abdullah and BHIC chief executive officer Ir Ee Teck Chee. (The Edge)

Posted by Victor Yong > 2020-01-21 15:53 | Report Abuse

BOUSTEAD Holdings Bhd is actively seeking a buyer for a 2.94-acre parcel in Jalan Cochrane, Kuala Lumpur, to unlock the value of the asset and enhance its cash flow.

The government-linked company had already put two valuable assets in Jalan Bukit Bintang up for sale — one last year and the other this year — and hopes to get at least RM147 million for the Cheras land, located a short walk from its MyTOWN shopping centre.

The Edge recently sighted an information memorandum on the sale.

When contacted, a Boustead spokesperson says, “We can confirm that on Nov 1, 2019, we sent a letter of invitation to selected registered real estate agents to identify interested buyers for the parcel of land located at the intersection of Jalan Cochrane and Jalan Shelley in Kuala Lumpur, opposite MyTOWN.

“The land is for sale on an ‘as-is’ basis, subject to restrictions in interest and conditions in the document of title at a minimum price of RM147 million before taxes, if any.”

The spokesperson adds that Boustead has been receiving numerous offers for the land since 2018. “However, the offers were deemed not attractive. In November 2019, the decision was made to actively seek a buyer.”

The sale is aligned with Boustead’s continuous drive to effectively manage its assets and extract the best value from its investments, according to the spokesperson. “The sale of this asset is expected to further enhance our cash flow and unlock value.”

The property division is involved in various aspects such as development, investment, project and property management, the spokesperson says. “This includes the buying and selling of assets, which is part and parcel of our principal activities and as a matter of course for our property business.

“Hence, the sale of this property (Jalan Cochrane) or any other property that we may have in mind to dispose of, is with a view to strengthen our portfolio and extract the best value from our investments.”

Citing the example of the Mutiara Damansara township in Selangor, the spokesperson says Boustead retained certain land parcels such as one The Curve sits on, even as it sold other plots to Tesco and IKEA. “As such, we have undertaken a similar strategy with our Cochrane township.”

The sale of property would enable Boustead to unlock its value via monetisation or in a joint venture with partners with strong financial resources and more defined expertise, the spokesperson says. Pooling resources would migitate risks, and, at the same time, provide a catalyst and variety to the developments it is involved in.

The Jalan Cochrane land is registered under Mutiara Rini Sdn Bhd, the shares of which are owned by Boustead Properties Bhd except for 1,000 shares held by Boustead, the parent of the latter. Mutiara Rini has held the land, designated for commercial use, since November 2012.

According to the information memorandum, the land has a freehold title with a plot ratio of four. At RM147 million, the price for the 127,865 sq ft parcel works out to RM1,150 per sq ft.

In the financial year ended Dec 31, 2018, Mutiara Rini registered a 16.5% decline in revenue to RM266.39 million. Net profit, however, improved 43.68% to RM139.79 million. Total liabilities stood at RM995.61 million, of which RM985.83 million are current, while retained earnings amounted to RM608.99 million.

Mutiara Rini also owns 50% of Boustead Ikano Sdn Bhd, and wholly owns Boustead Curve Sdn Bhd as well as Damansara Entertainment Centre Sdn Bhd.

As for Boustead, it incurred a loss of RM469 million on revenue of RM10.19 billion in FY2018 — its first net loss in 17 years.

As at Sept 30, total borrowings stood at RM8.19 billion with short-tem borrowings at RM4.55 billion. Cash balances and current receivables amounted to RM1.16 billion and RM1.42 billion respectively.

Earlier this month, The Edge reported that Boustead had invited bids for two adjacent parcels measuring 1.71 acres at the corner of Jalan Bukit Bintang and Jalan Pudu and set a collective reserve price of RM172 million. The offers received under the tender exercise, which closed in July, were ”not up to expectations” and the matter was put in abeyance. Nevertheless, the government-linked company continues to receive interest and as such, is evaluating its options although a decision has yet to be reached.

This parcel is located diagonally across from the Royale Chulan Bukit Bintang Hotel. Boustead inked a deal to sell the hotel in February last year to Singapore-listed Hotel Royal Ltd for RM197 million. The sale has yet to be completed.

Posted by Victor Yong > 2020-01-21 15:56 | Report Abuse

Next month, Bplant should report profit, pharmaniaga also profit, BHIC also profit, Affin also profit, BHP Station also profit, Overall should report profit, dividend is back :) next month, result is out

Posted by Victor Yong > 2020-01-21 16:08 | Report Abuse

BPlant is expected to contribute to Boustead in Q4, 2019 result to be released next month

1. GENERAL INTRO: BOUSTEAD PLANTATIONS is one of the main oil palm plantations in Malaysia.

2. NOTABLE POINTS:
a. In 2018 report, main business segments include operation of oil palm plantations and milling operations. In addition, the Group is also involved in the provision of mill design and consultancy services.
b. The Group operates 46 oil palm estates in Peninsular Malaysia, Sabah and Sarawak with a total planted area of 75,000 hectares and total annual fresh fruit bunches (FFB) production of 966,134 MT.
c. The group also operates 9 palm oil mill that has a capacity of 405 MT FFB per hour and produced 211,847 MT CPO in 2018. The reported average oil extraction rates (OER) is 21.2%, which is higher than MPOB's national average of 19.9%.
d. The Group also currently operates one biogas plant that captures methane gas produced from milling processes.
e. The Group posted a loss before tax of RM51 million for the financial year 2018. This was primarily as a result of significantly lower palm product prices which impacted its bottom line. High start-up expenses for the acquisition of 11,579 hectares of land in Sabah and the rehabilitation and improvements for these estates also contributed to the deficit.
f. As part of the Group’s efforts to reduce labour dependency, maximise effciency and optimise productivity, it continued with the mechanisation of its operations, including utilised harvesting tools such as lightweight graphite poles for tall palms, mini tractor grabbers with bin systems, motorised wheelbarrows (for hilly areas) and smart fertiliser spreaders.

3. IS THIS COUNTER A STRONG GROWTH STOCK?
a. REVENUE RANGE (RM million): 584 million as reported in 2018 annual report, this is a medium revenue company.
b. SHARE PRICE: from 2015-2018, share price has been steady at around RM1.50 , then on decreasing trend to around RM0.70 by around January 2020
c. EARNING PER SHARE (EPS): earning per share in last 5 years fluctuated from -2.3 to 27.7 sen
d. FUTURE POTENTIAL/PROSPECTS: share price expect to be stable in the next few years
e. CAPITAL EXPENDITURE (CAPEX): spending on purchase of new fixed assets is RM 82.6 million, around 2% of total assets.

4. IS THIS A STRONG DIVIDEND STOCK?
a. DIVIDEND YIELD: in 2018 financial year, BOUSTEAD PLANTATIONS declared a dividend payout of 7 sen per share to shareholders, which amounts to a dividend yield of 9.72%.
b. CONSISTENCY: the dividend payout was consistent, dividend paid to shareholders in last five years (2014-2018) ranged from 6 to 19.5 sen per share, with a dividend yield range from 4.1 to 11.8 %.
c. DIVIDEND PAYOUT RATIO: N/A

5. IS THE MANAGEMENT PERFORMANCE GOOD?
a. RETURN ON EQUITY (ROE): in 2018 financial year, BOUSTEAD PLANTATIONS achieved a low return of shareholders’ equity, at -1.8%. Last five years ROE ranged from -1.8 to 21.7%.
b. COST-TO-INCOME RATIO: N/A

6. OTHER INDICATORS:
a. CASH FLOW: cash flow is positive, around RM 52.6 million, equivalent to RM 0.02 per share
b. SUPPORT BY INSTITUTIONAL INVESTORS: this counter is well supported by institutional investors, there are 18 institutional investors at top 30 major shareholders list, including EPF (4.76%), insurance companies and investment funds. Its major shareholders are Boustead Holdings Berhad (57.42%) and Lembaga Tabung Angkatan Tentera (12.1%).

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.

Posted by Victor Yong > 2020-01-21 16:10 | Report Abuse

BHIC will also start to contribute profit to Boustead


1. GENERAL INTRO: This counter core business is on ship building and repair for defense industry.

2. NOTABLE POINTS:
a. business segments include commercial and naval ship building and repair, clientele include Royal Malaysia Navy, local and overseas ship owners, also fabrications works for oil &gas industry. Also involve manufacturing of aerospace components and propellents.

3. IS THIS COUNTER A STRONG GROWTH STOCK?
a. REVENUE RANGE (million): ~ 277.6 million in 2017 annual report, this is a low revenue company.
b. SHARE PRICE: share price on decreasing trend in last few years, decreased from peak of RM3.80 in 2012 to current share price of RM1.30.
c. EARNING PER SHARE (EPS): earning per share in last 5 years are fluctuating, from -12.37 to 30.87 sen per share, making losses in one out of five years
d. FUTURE POTENTIAL/PROSPECTS: for ship building and maintenance segment, expect steady revenue from defense department contracts, while business segment related to oil&gas industry remaining challenging due to slower demand for hydrocarbon energy from developing economies as well as the shift towards renewable energy.
e. CAPITAL EXPENDITURE (CAPEX): spending on purchase of new fixed assets is 2 million, around 0.3% of total assets.

4. IS THIS A STRONG DIVIDEND STOCK?
a. DIVIDEND YIELD: in 2017 report, dividend of 5sen per share payout declared, amount to dividend yield of 3.85%
b. CONSISTENCY: in last five years only in 2017 there was dividend payout to shareholders, no dividend declared from 2013-2016

5. OTHER INDICATORS:
a. CASH FLOW: cash flow is positive, around 45.8 million
b. SUPPORT BY INSTITUTIONAL INVESTORS: there is presence of 2 institutional investors at top 30 major shareholders list, which are Lembaga Tabung Haji and Lembaga Tabung Angkatan Tentera.

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.

Posted by Good123 > 2020-01-21 16:16 | Report Abuse

above rm1 again after q4,2019 result is released next month :)

Posted by Good123 > 2020-01-21 16:17 | Report Abuse

what if dividend is declared together with the results next month。 LTAT needs money for army retirement

Posted by Good123 > 2020-01-21 16:20 | Report Abuse

all conglomerate GLCs had recovered substantially in share price, but boustead has been overlooked :)

Posted by Good123 > 2020-01-21 16:21 | Report Abuse

pharmaniaga, bic, affin, pharma, Bhp stations will report profit next month. takda impairment lagi

Posted by Good123 > 2020-01-21 16:21 | Report Abuse

affin will apply for digital bank license if not mistaken

Posted by Good123 > 2020-01-21 16:22 | Report Abuse

next assets per share rm2.59

Posted by Good123 > 2020-01-21 16:23 | Report Abuse

the cheapest GLC based on.Price/book value

Posted by Good123 > 2020-01-21 16:23 | Report Abuse

probably the cheapest p/b glc stock

Posted by Victor Yong > 2020-01-21 16:28 | Report Abuse

reversal of impairment probably :) Q4,2019 results next month will be interesting

Monday, December 2nd, 2019 at , Markets | News



The firm had provided impairments over RM160m for its heavy industries and property divisions

by FARA AISYAH / pic by TMR

BOUSTEAD Holdings Bhd slipped into the red as impairments totalling RM161.3 million dragged the conglomerate into a RM155 million net loss for the third quarter ended Sept 30, 2019 (3Q19).

The company had provided impairments over RM160 million for its heavy industries and property divisions.

During the same quarter last year, the group, almost 60%-owned by Lembaga Tabung Angkatan Tentera (LTAT), registered a RM7.3 million net profit. It also posted a loss per share of 7.65 sen in the three months, compared to earnings per share of 0.36 sen in 3Q18.

Boustead’s quarterly revenue, however, increased 5% year-on-year (YoY) to RM2.73 billion from RM2.6 billion in 3Q18.

For the nine-month period (9M19), Boustead’s net loss widened to RM153.1 million from RM14.2 million last year. Besides impairments, the group incurred higher finance cost and operating losses recorded by its plantation and heavy industries divisions.

The group’s revenue in 9M19 increased 6.28% YoY to RM7.79 billion from RM7.33 billion in the same period last year due to higher contributions from most of its business segments.

“Despite headwinds, the group recorded solid revenue growth for the 9M19,” Boustead MD Datuk Seri Amrin Awaluddin (picture) said in a statement last week.

“However, due to the one-off impairments in the property and heavy industries divisions, our bottom line was impacted,” he added.



Revenues from the pharmaceutical division in January to September 2019 improved to RM2.1 billion from RM1.8 billion in 9M18 due to solid contributions from both the concession and non-concession businesses.

The property division’s revenue increased by 9% to RM400.5 million in 9M19, largely due to higher progress of works for development activity at Taman Mutiara Rini, Johor, and One Cochrane Residences, Kuala Lumpur.

Boustead’s finance and investment division also posted higher revenue of RM154.5 million in 9M19, reflecting a 5% increase, mainly due to higher tuition fees from the University of Nottingham Malaysia Campus.

However, the trading and industrial, as well as plantation divisions registered lower revenues of RM3.8 billion (RM4 billion in 9M18) and RM398.1 million (RM427.4 million in 9M18) respectively, mainly due to lower commodities prices.

“As we strive to achieve a turnaround for the group, we are cognisant of the challenges we face in the current operating environment.

“We remain focused on enhancing efficiencies and extracting further value within the respective operating units, with a view to deliver sustainable earnings over the long term,” Amrin said.

Meanwhile, Boustead Plantations Bhd has appointed a new CEO Ibrahim Abdul Majid effective Dec 1, 2019.

Boustead Plantations also announced the promotion of Mohamad Mahazir Mustaffa as its new CFO and the appointment of Noral Afida Alwi as its new financial controller.

Boustead closed one sen or 0.52% higher to 97 sen last week, giving it a RM1.96 billion market capitalisation.

Posted by Victor Yong > 2020-01-21 16:31 | Report Abuse

Nature of Interest Direct Interest
Shares Ordinary shares of RM0.50 each.
Reason LTAT - Acquisition 113,000 shares. Citigroup Nominees - Transferred 113,000 shares. MAM - Disposal 200,000 shares.
Total no of securities after change
Direct (units) 1,204,752,018
Direct (%) 59.44
Indirect (units) 0
Indirect (%) 0.00
Total (units) 1,204,752,018
Total (%) 59.44
Date of Notice 13-Jan-2020

Posted by Victor Yong > 2020-01-21 16:32 | Report Abuse

Nature of Interest Direct Interest
Shares Ordinary shares RM0.50 each.
Reason Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board ("EPF") - Disposal of 400,800 shares.
Total no of securities after change
Direct (units) 101,097,148
Direct (%) 4.99
Indirect (units) 0
Indirect (%) 0.00
Total (units) 101,097,148
Total (%) 4.99
Date of Notice 09-Jan-2020

Posted by Victor Yong > 2020-01-21 17:01 | Report Abuse

If sars returns, good biz for pharma supplying vaccine to hospitals, etc :)

Posted by Victor Yong > 2020-01-21 17:33 | Report Abuse

Bplant will contribute profit to boustead this year :)

KUALA LUMPUR (Jan 21): Average palm oil prices will surge 17.9% this year, a Reuters poll of industry participants showed, as reduced output in the first half of the year and higher biodiesel consumption in top producers Indonesia and Malaysia tighten the market.

Benchmark palm oil prices will average RM2,650 (US$650.80) a tonne in 2020, up from RM2,248 last year, according to the median estimate from a poll of 18 analysts and industry players.

"With relatively low production in the first quarter, production will only be sufficient for export and not for topping up stock," said Derom Bangun, chairman of the Indonesia Palm Oil Board.

Supplies are expected to rebound later in the year, however, and prices could be "much lower from April to December", said Sandeep Bajoria, chief executive of Sunvin Group, a vegetable oil importer based in Mumbai.

Indonesia's palm production is pegged to rise 0.55% to 45.75 million tonnes in 2020 from an estimated 45.5 million tonnes in 2019, according to the median estimate of 14 poll respondents who answered questions specifically on Indonesia's palm sector.

This is compared to output growth of 5.8% in 2019 over 2018's total of 43 million tonnes, sources said.

Output in No.2 producer Malaysia will grow by 0.35% to 19.93 million tonnes this year, based on the median estimate from 14 participants.

In 2019, Malaysia's production rose 1.85% to 19.86 million tonnes, up from 2018's 19.5 million tonnes.

The slower output growth is due to dry weather and lower fertiliser usage in both countries last year, when palm prices dropped as low as RM1,960.

Indonesia and Malaysia together account for nearly 90% of global palm production.

BIODIESEL

"(In) year 2020 much depends on whether Indonesia can produce 10 million kilolitres of biodiesel," said Christopher Chai, a general manager with Malaysia's Kwantas Corp.

The market will be closely watching the roll-out of Indonesia's B30 biodiesel programme — biodiesel with 30% palm content — and Malaysia's newly implemented B20 programme, as together they are expected to increase local consumption by 10%-13%, traders said.

Indonesia is targeting 10 million kilolitres (8.7 million tonnes) of biodiesel production this year, while Malaysia's biodiesel association is expecting to produce 1.7 million to 2 million tonnes of the fuel.

TRADE WARS

Ongoing trade disputes between China and the United States, India and Malaysia, and the European Union and Indonesia will likely affect export shipments this year, poll respondents said.

"The Indonesian government's battle with the EU on the latter imposing anti-dumping duties on Indonesian biodiesel exporters will hog the media attention," Sathia Varqa, owner and co-founder of Singapore-based Palm Oil Analytics, said.

Malaysia benefited from the trade war between the United States and China in 2019, with exports to China rising by 33.9% last year. However, a trade deal between the two largest economies may see China resume purchases of US soybeans, which may result in a lower demand for palm oil.

India, the world's largest edible oil buyer, as well restricted overall imports of refined palm oil on Jan 8, and informally instructed its traders to avoid purchases from Malaysia following a diplomatic squabble.

(US$1 = RM4.0720)

Posted by Victor Yong > 2020-01-21 18:15 | Report Abuse

Boustead should be next for healing after fgv :)

LAST Thursday, shares of Boustead Heavy Industries Corp Bhd (BHIC) closed at RM1.26.

The stock has remained below the RM1.40 threshold — lows unseen for at least five years — for about 11 months.

Its last peak in the past 18 months was on Jan 19 last year when the stock hit RM2.11. By July 6, it had shed 36.5% of its market value to RM1.34 and has not recovered to date.

Interestingly, even though BHIC has announced a number of new contracts since late 2018, its share price has not budged, sparking suspicion among some shareholders that it is being deliberately suppressed by an unknown party.

“BHIC’s share price is a function of market sentiments, hence we cannot comment on the matter,” BHIC says when asked what it is doing to address these concerns. “We continue to focus on maximising shareholder value ... we trust that discerning shareholders will appreciate the long-term value proposition.”

For the Armed Forces Fund Board (LTAT) and its 59.45%-owned listed vehicle, Boustead Holdings Bhd, BHIC’s lacklustre share price performance puts them at a crossroads.

LTAT is the ultimate controlling shareholder of BHIC with a direct stake of 8.16% while Boustead Holdings controls another 65%.

LTAT is looking to rebalance its investment portfolio, which is significantly concentrated in chunky equity investments on Bursa Malaysia.

About 60% of LTAT’s RM10 billion fund is in listed equities — primarily in the Boustead group of companies, which includes BHIC.

LTAT CEO Nik Amlizan Mohamed, who was appointed last September, told The Edge at the time that rebalancing LTAT’s portfolio is the long-term agenda, although she stressed that LTAT is “patient capital” and will not rush the process.

In a statement to The Edge, LTAT says it periodically reviews its investments, including those in BHIC, in keeping with its aim to generate sustainable returns for its members.

“Nevertheless, at this juncture in time, there are no concrete plans to divest LTAT’s stake in BHIC,” the fund adds.

LTAT did not address queries on whether it would be open to paring down its stake, either partially or wholly, or whether it has been approached by interested investors in a possible sale.

In any event, BHIC may require special consideration among the various businesses in the Boustead group as far as portfolio rebalancing goes.

In the short term, LTAT’s direct and indirect shareholding in BHIC, amounting to 73.16%, means liquidity could also be shackling its value.

As the shipbuilder’s recent financial performance has also hurt returns for LTAT, it makes sense for the fund to gradually reduce its stake and redeploy its capital.

However, the current low valuation means any divestment will likely mean its books will take a hit. LTAT did not respond to queries on its holding cost for the BHIC shares.

Another factor could be what moves Boustead Holdings, which welcomed new managing director Datuk Seri Amrin Awaluddin on May 6, makes down the road.

Setting a new direction for Boustead Holdings will undoubtedly include deciding what to do with its sprawling interests, including its 65% stake in BHIC. It is worth noting that Amrin also joined Minister of Defence Mohamad Sabu’s visit to BHIC’s shipyard in Lumut last month.

Counter-balancing these considerations, however, is the fact that BHIC is unique as it is effectively a monopoly military shipbuilder for the government.

While other major businesses in the Boustead group such as plantations, banking, property and pharmaceuticals have industry peers that LTAT can invest in to spread the risk, BHIC cannot be replaced like-for-like in LTAT’s portfolio.

Also, the pipeline of contracts coming from the Royal Malaysian Navy over the next decade plus possible military spending boosts from the upcoming Defence White Paper paints a picture of BHIC soon being on the cusp of a boom wave.

LTAT and Boustead Holdings will thus have to decide on its priorities as far as BHIC is concerned.

Posted by Victor Yong > 2020-01-21 18:16 | Report Abuse

Time to help the army. :)

About 60% of LTAT’s RM10 billion fund is in listed equities — primarily in the Boustead group of companies, which includes BHIC.

Posted by Good123 > 2020-01-21 18:54 | Report Abuse

bulan depan akan tahu sama ada kamu tipu :)

PETALING JAYA: Boustead Holdings Bhd expects to return to profitability in current financial year ending Dec 31 (FY19).
The group plunged into the red with a net loss of RM469.2 million in FY18 in light of the losses incurred by its heavy industries and plantation divisions, while other divisions registered moderate earnings as a result of trying economic conditions.
Executive director Datuk Seri Ghazali Mohd Ali said “the ingredients for success are there” and it is a matter of discussing and strategising it before year-end.
“Our assets are there, our plans are there, manpower is there. Those three ingredients alone will bring success and a fresh outlook for the new group managing director (MD) will help the organisation in achieving its targets,” he told a press conference after the group’s AGM today.
He declined to reveal the “plans”, citing pending discussions with the new MD Datuk Seri Amrin Awaluddin, who will begin his new role on May 6.
“We’ll be discussing with him (Amrin) and the board before we go ahead and implement. Rest assured that the management and the board is working at turning the company around from the results of this year,” said Ghazali.
He commended Amrin for his experience and track record, especially in property development, as well as his strong finance background, adding that the group has the framework ready for somebody to take over and lead the group forward.
He emphasised that Boustead is asset-rich and from the perspective of businesses, the group is in a strong position with clear prospects ahead.
“We firmly believe that as long as we remain persistent in strengthening the foundation of our businesses, and tapping opportunities for growth, we will see results in the medium to long term future. What got us here will not get us there. We have to reinvent ourselves in certain areas, we have to look at ourselves and work at our strengths,” said Ghazali.
Meanwhile, he said there will be one or two more asset disposals this year to pare down its borrowings. Its gearing ratio stands at 0.9 times, which is deemed comfortable for the group.
On the disposal of its Royale Chulan Bukit Bintang Hotel, he said the government (Economic Planning Unit) is doing the valuation for the hotel and the group expects to obtain the outcome in a month.
Earlier at the AGM, three resolutions were not passed by the shareholders, including the re-election of Datuk Wira Dr Megat Abdul Rahman Megat Ahmad as director, retention of chairman Gen Tan Sri Panglima Mohd Ghazali Che Mat (R) as independent director and the retention of Abdul Rahman as independent director.

Posted by Good123 > 2020-01-21 19:05 | Report Abuse

What is the thing happen with Boustead and how do we capture the oppurtunity
https://klse.i3investor.com/blogs/SICStockPick/225376.jsp

Posted by Good123 > 2020-01-21 19:07 | Report Abuse

Should You Invest In Boustead Holding? https://klse.i3investor.com/blogs/TenNinetyCapital/224691.jsp

Posted by Good123 > 2020-01-21 19:10 | Report Abuse

[转贴] [BOUSTEAD HOLDINGS BHD：由于特许经营和非特许经营业务的销售额都增加，制药事业部取得了更高的收入；由于造船和修船活动取得了进展，来自重工业部门的收入也更高] - James的股票投资James Share Investing https://klse.i3investor.com/blogs/general/229239.jsp

Posted by Victor Yong > 2020-01-21 19:32 | Report Abuse

Continuous improvement for boustead group of companies, good :)

KUALA LUMPUR (Jan 21): Pharmaniaga Bhd, the country's largest pharmaceutical company, is slated to announce the departure of its managing director (MD) Datuk Farshila Emran (pictured) after nine years at the helm.

A person with knowledge of the matter told theedgemarkets.com that the board of directors will not be extending Farshila's contract when her current contract expires in April. Farshila, 52, was appointed to the board of directors of Pharmaniaga on March 25, 2011, prior to becoming its MD on April 1, 2011.

It is understood that Mohamed Iqbal Abdul Rahman, the current chief operating officer of Pharmaniaga, will assume the role of acting MD following Farshila's departure.

As at Feb 28, 2019, Pharmaniaga is 67.32% owned by Lembaga Tabung Angkatan Tentera, of which 56.09% is held through Boustead Holdings Bhd.

According to Pharmaniaga's Annual Report 2018, Farshila founded Idaman Pharma Sdn Bhd (IPSB) in 2001 and started her venture in the highly regulated pharmaceutical industry. Under her leadership, IPSB developed a synergistic partnership with Boustead and facilitated the acquisition of Pharmaniaga by Boustead in 2011.

Since December 2018, Pharmaniaga has seen several changes to its board.

On Dec 31, 2018, Pharmaniaga announced the resignation of its chairman Tan Sri Che Lodin Wok Kamaruddin, 69, citing early mutual termination of his service agreement with Boustead as MD on the same day.

Subsequently, it saw four other board resignations, namely Tan Sri Dr Mohamed Ismail Merican, 71, Fahmy Ismail, 42, Ebinesan @ Daniel Gnanakkan, 73, and Izzat Othman, 57.

On July 17 last year, Datuk Dr Hafsah Hashim, 61, was appointed as independent and non-executive chairman of Pharmaniaga. Hafsah has served the government for 36 years before retiring on Aug 15, 2018, during which she held several senior positions, including chief executive officer of SME Corp Malaysia.

Other new appointments to the board included Datuk Koo Hock Fee, 68, Datuk Mohd Zahir Zahur Hussain, 44, and Brig Gen (R) Datuk Mohd Shahrom Mohamad, 66, as directors.

More recently, on Dec 24, 2019, Pharmaniaga announced the appointment of Dr Salmah Bahri, 61, as its independent and non-executive director effective Jan 1. She was the senior director of pharmaceutical services at the Health Ministry from Nov 1, 2016 to July 18, 2018.

On Nov 18, 2019, Pharmaniaga's wholly-owned subsidiary, Pharmaniaga Logistics Sdn Bhd (PLSB), received a letter from the Health Ministry for an extension of its services for the provision of medicines and medical supplies to the ministry's facilities for an interim period of 25 months, from Dec 1, 2019, to Dec 31, 2021.

In addition, PLSB secured a five-year contract to continue providing logistics and distribution services for the Health Ministry for five years ending Dec 31, 2024.

Pharmaniaga shares closed up 2 sen or 0.97% at RM2.09 today, bringing it a market capitalisation of RM545.97 million.

Posted by Victor Yong > 2020-01-21 20:38 | Report Abuse

Boustead has stake in affinbank :)

Last year, technology firm Grab, telco Axiata Group Bhd (which owns e-wallet “Boost”) and at least five banks — CIMB Group Holdings Bhd, Affin Bank Bhd, Hong Leong Bank Bhd, AMMB Holdings Bhd and Standard Chartered Bank Malaysia Bhd — had signalled their interest in pursuing a digital banking licence in Malaysia.

Posted by Victor Yong > 2020-01-21 21:37 | Report Abuse

Bhic will report profit too

KUALA LUMPUR (Jan 2): Boustead Heavy Industries Corporation Bhd’s (BHIC) associate company Boustead Naval Shipyard Sdn Bhd (BNS) has delivered to the Royal Malaysian Navy (RMN), the first of four littoral mission ships (LMS) it was commissioned to build.

Defence Ministry undersecretary (Procurement Division) Datuk Ahmad Hussaini Abdul Rahman received LMS1, ‘KERIS’, witnessed by RMN Eastern Fleet commander Datuk Syed Zahrul Putra Syed Abdullah and BHIC chief executive officer Ir Ee Teck Chee.

BNS signed a procurement contract with the government on March 23, 2017 to build four LMS in partnership with China Shipbuilding and Offshore International Corporation Ltd in China.

In a statement, the group said the LMS is capable of operating in multi-mission roles and in all weather conditions.

With a length of 68 metres and a maximum speed of 22 knots, the LMS has a complement of 45 crew members plus 16 personnel on detachments, and an endurance of 15 days at sea, it said.

Meanwhile, BHIC non-executive chairman, admiral (rtd) Tan Sri Ramlan Mohamed Ali said the close collaboration between BNS and RMN’s LMS project teams and the skills and capabilities of the personnel had contributed to the timely delivery of KERIS and smooth progress of the project.

“All milestones of KERIS, leading to its handover, have been met according to schedule, from the First Steel Cut on July 31, 2018 to its Keel-Laying on Oct 23, 2018 and to its launching on April 15, 2019,” he added.