Few years ago Bstead used to give about 20sen dividend annually and LTAT gave its members about 14 sen dividend. Now since 2018, not even 1 sen dividend! Now it's like HIDUP TAK MAU, MATI SEGAN .... SELAMAT BERPUASA
3-4 years of mismatch fundings, expectations and mismanagment result Boustead Group from a true blue chip { dividend play } into a penny stock. Well established business modeks means nothing if the CEO or management is not focus. Privatise and see how well true entrepreneurs run Affin Bank, Affin - Hwang, Boustead plantations, Pharmaniaga, BHP petrol, UAC cement, Mytown & Mutiara shopping mall, South Port, port klang tank installation, BHIC not forgetting huge Property land banks
Bstead hoseh liao. Crude palm oil good price and pharma generating good profit. Finally QR turned green. Limit down not possible. Limit up or not tomorrow will know
during his glory day Boustead use to declare good dividend with share price of RM2 - 3. Since company debt issue and business not perform as expect to cover his financial commitment. cashflow getting worse caused his share fall from RM2.5 to today 0.60. indeed, new CEO adopt new strategy to rejuvenate plan for the business, meanwhile declare dividend to reward his shareholders . share price prone to reach RM 1
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
limkokthye
6,039 posts
Posted by limkokthye > 2021-04-10 19:46 | Report Abuse
Malaysia no more hope d, better buy other country stock