BOUSTEAD HOLDINGS BHD

KLSE (MYR): BSTEAD (2771)

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7 people like this.

4,928 comment(s). Last comment by Thinkerbell 2023-09-16 07:41

CCWONG

290 posts

Posted by CCWONG > 2021-06-26 20:54 | Report Abuse

Anything can happen, and it looks like it.

So many big news.

Johnzhang

2,960 posts

Posted by Johnzhang > 2021-06-26 21:11 | Report Abuse

@TheContrarian, yes I do sell when they somewhere near my target price or acheiving their potential. I even sell at loss when the fundamentals of the stock turn negative.

TheContrarian

8,780 posts

Posted by TheContrarian > 2021-06-26 21:27 | Report Abuse

We have to be realistic. LTAT had opportunity to privatise Boustead last year but kept deferring the decision until finally calling it off. I don't have faith in LTAT anymore.

Marx97

6 posts

Posted by Marx97 > 2021-06-27 02:12 | Report Abuse

It’s trading half of it asset ratio therefore I expect it can reach up to 1.50 easily next week.

https://www.thestar.com.my/business/business-news/2021/06/26/all-eyes-on-bousteads-asset-disposal-plan

Johnzhang

2,960 posts

Posted by Johnzhang > 2021-06-27 06:14 | Report Abuse

@Thecontrarian, yes, LTAT last minute dropping the privatisation is no good. But we also don't know exactly the reason why they did so. Even without privatisation, I still hold my belief that LTAT and the government will have to restore Bstead in good health . I am in for slightly longer haul than you . Hope you can wish me good luck. Hahaha...

TheContrarian

8,780 posts

Posted by TheContrarian > 2021-06-27 07:51 | Report Abuse

I sold with intention to redeploy the proceeds elsewhere but still haven't decided where.

carilembu

1,223 posts

Posted by carilembu > 2021-06-27 12:02 | Report Abuse

LTAT is a pension fund for soldiers and hold almost 60% of Bstead. Few years back they gave about 16% dividend to its military members contribution when Bstead was giving about 25% dividend. Now LTAT gives only 2.5 - 3.5% dividend and the soldiers are not happy. The government is worried hence the change of CEOs. Now LTAT finds that a big chunk of its fund is invested in one listed company that don't give any dividend is not wise.

NOW IF YOU ARE THE NEW CEO, WHAT DO YOU THINK LTAT WILL DO. PUT EX-GENERALS AS BOD THAT CAN'T DO ANYTHING OR SELL PART OF ITS HOLDINGS TO A THIRD PARTY THAT WILL GENERATE CASH AND INVEST SOMEWHERE THAT WILL GIVE BETTER DIVIDENDS?

Scylla

676 posts

Posted by Scylla > 2021-06-27 18:19 | Report Abuse

Already park at 0.655 65k wait become 120k

bursabull

123 posts

Posted by bursabull > 2021-06-27 22:38 | Report Abuse

Heard rumours of it going private with various target prices given from sources. Something big is definitely brewing behind BSTEAD, price action does not lie.

Sipekhuat

183 posts

Posted by Sipekhuat > 2021-06-28 01:18 |

Post removed.Why?

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-06-28 08:36 |

Post removed.Why?

winmal

1,125 posts

Posted by winmal > 2021-06-28 09:29 | Report Abuse

what happen to our market

limkokthye

6,039 posts

Posted by limkokthye > 2021-06-28 09:40 | Report Abuse

Die lah

mfbs

1,229 posts

Posted by mfbs > 2021-06-28 09:43 | Report Abuse

what happen this rubbish

brennan

168 posts

Posted by brennan > 2021-06-28 09:45 | Report Abuse

I tihnk is the FMCO extend without any further date. All investor worry.

Sky Liew

940 posts

Posted by Sky Liew > 2021-06-28 09:47 | Report Abuse

Haha
Pump and dump like wash m

brennan

168 posts

Posted by brennan > 2021-06-28 09:48 | Report Abuse

but can c keep push the price back above 0.700

winmal

1,125 posts

Posted by winmal > 2021-06-28 09:54 | Report Abuse

boustead still holding well. poised to trend higher

brennan

168 posts

Posted by brennan > 2021-06-28 09:56 | Report Abuse

Yeah.....keep pushing up. many sapu

Johnzhang

2,960 posts

Posted by Johnzhang > 2021-06-28 10:18 | Report Abuse

The Malaysian market is so bearish ( because of incapable and hopeless government , nasty politicking, poor handling of covid , etc) ! Even the best fundamental and high earning stocks also drifting lower and lower .... That's the irony !

TheContrarian

8,780 posts

Posted by TheContrarian > 2021-06-28 10:20 | Report Abuse

@Johnzhang, good time to scoop up undervalued counters at depressed prices.

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2021-06-28 11:33 | Report Abuse

Must buy when low. Sale when people chase high , that is law you must learn to make big money.

Sky Liew

940 posts

Posted by Sky Liew > 2021-06-28 11:34 | Report Abuse

63-65 buy sell 74 above that all
This lt control de say want private also can cancel

Johnzhang

2,960 posts

Posted by Johnzhang > 2021-06-28 11:37 | Report Abuse

@TheContrarian, Agreed. I started picking up some and look out for more to come in a depressed Malaysian market. Once I cash out out MMC and IJMPLANT I shall have quite a fair bit to spend .

Johnzhang

2,960 posts

Posted by Johnzhang > 2021-06-28 11:45 | Report Abuse

For Bstead and Bplant, I shall hold on to them until they 'ripen' like I have achieved for quite a few counters this and last year .

TheContrarian

8,780 posts

Posted by TheContrarian > 2021-06-28 11:48 | Report Abuse

The proceeds from my sale of Boustead last week allows me to go on buying spree today of a number of counters.

warchest

1,742 posts

Posted by warchest > 2021-06-28 11:58 | Report Abuse

Maybe a hammer later. Support for Boustead is strong

Pyh96

603 posts

Posted by Pyh96 > 2021-06-28 12:00 | Report Abuse

That is hanging man not hammer LOL

winmal

1,125 posts

Posted by winmal > 2021-06-28 12:23 | Report Abuse

good fundamental stock, despite share volatile, but gradually going up

HLTGang

636 posts

Posted by HLTGang > 2021-06-28 12:26 | Report Abuse

Rubbish....

HLTGang

636 posts

Posted by HLTGang > 2021-06-28 12:35 | Report Abuse

Slowly going to South ...

brennan

168 posts

Posted by brennan > 2021-06-28 12:38 | Report Abuse

today should be no good news. 躺平吧。

Posted by Starex Trooper > 2021-06-28 12:50 | Report Abuse

Slow and steady is the game is this counter

Bullhunter

1,190 posts

Posted by Bullhunter > 2021-06-28 12:54 | Report Abuse

Shouldn't worry if you are holding long term...

Posted by Invicibletrader > 2021-06-28 13:26 | Report Abuse

I TPed this morning at RM 0.765. In Malaysia's current condition, the mantra is "See money, take money".

HLTGang

636 posts

Posted by HLTGang > 2021-06-28 14:30 | Report Abuse

If dow Jones crash everything is cheap...

Johnzhang

2,960 posts

Posted by Johnzhang > 2021-06-28 14:33 | Report Abuse

Malaysian stock market in ICU present the excellent opportunity for controlling shareholders to privatise their companies cheaply!!

Skylight8

146 posts

Posted by Skylight8 > 2021-06-28 15:03 | Report Abuse

buy when got offer , later no chance lo

Sky Liew

940 posts

Posted by Sky Liew > 2021-06-28 15:05 | Report Abuse

Haha scare 0.51 no chance kah

Sky Liew

940 posts

Posted by Sky Liew > 2021-06-28 15:06 | Report Abuse

This one is when drop many can see chance
Up don’t chaos lo , trap gaogao one

Hl123456

221 posts

Posted by Hl123456 > 2021-06-28 15:08 | Report Abuse

RHB technical analyzer posted,.....breakout 0.745 , level 0.825, 0.89....
exit below 0.7..
notice strong buying support at 0.7x level
this is not a buy or sell call..

Hl123456

221 posts

Posted by Hl123456 > 2021-06-28 15:11 | Report Abuse

KWAP disposing but easily snap up..
something may be brewing ???

Sky Liew

940 posts

Posted by Sky Liew > 2021-06-28 15:26 | Report Abuse

51 good price la

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2021-06-28 15:48 | Report Abuse

Get ready just now sapu 0.725 cent 119k and 145k

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2021-06-28 15:49 | Report Abuse

if break out 0.73 cents many many many people will chase .

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2021-06-28 15:50 | Report Abuse

just keep your fingers close.

limkokthye

6,039 posts

Posted by limkokthye > 2021-06-29 00:50 | Report Abuse

Hopefully management can announce more good news

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-06-29 08:31 |

Post removed.Why?

brennan

168 posts

Posted by brennan > 2021-06-29 09:05 | Report Abuse

morning,guys. Today seem also red zone.

Posted by weeloongyeat > 2021-06-29 09:08 | Report Abuse

If only look at the prospect of this counter in 6 -12 months cant see any surprise will likely happen,..

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