Yesterday huge volume transacted. A lot of block deals transacted { funds & IB's taking position} remember Bstead { owned by LTAT} political & important and link to armed forces
The price chart shows that it has shot up from Rm 2.80 to Rm 5.28 in the last 3 trading days, an increase of Rm 2.48. In its latest quarter ending 31 March 2020 the company only made EPS of 8.57 sen. Last year the company lost 57.18 sen per share.
Many stupid investors chase to buy it aggressively in anticipation of the discovery of a vaccine to prevent coronavirus. Many scientists said that it will take 12-18 months to make sure that the vaccine can really work on human. In any case, Pharmaniaga is only an agent to sell medicine and not an inventor of a vaccine.
BEIJING: The phase-two clinical trial of the Covid-19 vaccine candidate created by the Academy of Military Medical Sciences and Chinese biotech company CanSino Biologics has found that it is safe and can induce an immune response, according to research published in The Lancet medical journal.
Yes. You are right, Besides that, BSTEAD is government's baby so don't worry. Won't die. Furthermore,
1. BSTEAD BHP Petrol Price up alot almost weekly.
2. BSTEAD sold a parcel of land recently at RM138 million which works out to be RM1,081 psf (cost is only RM191 psf).
3. Another part of BSTEAD land bank measuring 0.2 acres will be acquired by the government as part of a compulsory acquisition, in which Mutiara Rini and LTAT have agreed the purchase price will be adjusted accordingly.
4. The vaccine facility will be located on a 26,013 sq m (280,000 sq ft) land at its existing plant site in Puchong with support and help from TDA the agency, which is under the Ministry of Finance.
6. With AFFIN, BPLANT, PHARMA,BHIC, BHP PETROL total market capital, excluding BSTEAD land banks, the BSTEAD actual market capital net worth is confirmed already far far above and beyond!!!
well, not to long ago Bstead was thinking of delisting. The situation was that bad. It has been a sad time for boustead Malaysia. Its twin half, Boustead Singapore is doing well. Just like MAS vs SIA. Different management, different outcome. One of greatness and the other disappointment.
@cheated : How do you know that KYY bought Boustead recently? I can't find KYY's recommendation to buy Boustead. I could not sleep till 2.45 am because I was thinking about my purchase of Boustead at RM0.81.
Rileks...you will be rewarded handsomely...just hold for several more days...Boustead not a small company...last year revenue was RM10Bil...
How do you know that KYY bought Boustead recently? I can't find KYY's recommendation to buy Boustead. I could not sleep till 2.45 am because I was thinking about my purchase of Boustead at RM0.81.
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Posted by abcb > 2020-07-23 11:23 | Report Abuse
Gala Kat,i totally accept your opinion and excellent comment
I wish you all the best