Posted by kevinobc > 2022-07-27 08:09 | Report Abuse

https://www.thestar.com.my/business/business-news/2022/07/27/palm-oil-prices-to-fall-more-due-to-distress-selling-by-indonesia

Posted by thesteward > 2022-07-28 09:26 | Report Abuse

Bstead got a quite high stake in affin . Will benefit fm the payout

Posted by Jonathan Keung > 2022-08-03 10:01 | Report Abuse

Tajuddin { Pasir Salak } blame LTAT board buta gaji not helping the plight of ex servicemen. Time for LTAT to be reexamine their policies & mentality. LTAT holds majority in Bstead group of PLC { Bplant, BHIC , Affin , pharma } etc

Posted by Valgrovest > 2022-08-03 11:20 | Report Abuse

Nice to see this ctr green whilst others are red. Sure something positive developing in this group.

Posted by Johnzhang > 2022-08-05 15:35 | Report Abuse

The 6 LCS multi billion fiasco is being play up again. $6 bil paid but no ship delivered. Don’t know what’s the implication to Bstead holdings who owned BNS ?

Posted by PSAi3alert > 2022-08-05 20:53 | Report Abuse

Johnzhang,

BNS is a subsidiary of BHIC, which in turn is 65% owned by Boustead Holdings. The financial impact, if any, will be limited to Boustead's 65% ownership in BHIC.

However, the project will continue. If you read between the lines on what Hishammuddin said, you'll know that the project will continue and the reasons why.


https://www.thestar.com.my/news/nation/2022/08/05/lcs-project-to-continue-as-it-is-important-to-navy-says-hisham

"I have informed the Cabinet and PAC about the timeline to complete the ships.

"What is important now is our journey in the next six months after getting the green light from the Cabinet to continue the project," he told a press conference after opening the Armed Forces polyclinic at Kem Penrissen here on Friday (Aug 5).

On Opposition leader Datuk Seri Anwar Ibrahim's call for phase six of the LCS project to be cancelled, Hishammuddin said it was made for political mileage.

He said cancelling the project would go against the PAC's recommendations as well as the Pakatan Harapan administration's decision to continue it when the coalition was in power.

"If you look at the PAC report and its recommendations, none of them says the project should be cancelled.

"In addition, over 400 vendors are depending on the project to continue, 90% of whom are involved with Armed Forces veterans.

"If (Anwar) wants to help the veterans, cancelling the project is not the way to do it," Hishammuddin said.


Posted by Johnzhang > 5 hours ago | Report Abuse

The 6 LCS multi billion fiasco is being play up again. $6 bil paid but no ship delivered. Don’t know what’s the implication to Bstead holdings who owned BNS ?

Posted by VTrade > 2022-08-06 09:51 | Report Abuse

Letih
No Ship
No Fish

Posted by LoneWolf88 > 2022-08-08 08:37 | Report Abuse

can buy or not?

Posted by VTrade > 2022-08-09 00:57 | Report Abuse

Can Short or not ?

Why Lonewolf curious

Posted by Believe3222 > 2022-08-09 08:49 | Report Abuse

kena tengelam

Posted by Believe3222 > 2022-08-10 14:54 | Report Abuse

Seem like more holes digging. Like that also can ah?

Bos LTAT: Boustead terpaksa guna wang LCS bayar hutang lapuk
Diterbitkan: Aug 10, 2022 1:05 PM
⋅
Dikemaskini: 1:05 PM
2
Ketua Pegawai Eksekutif Lembaga Tabung Angkatan Tentera (LTAT) Ahmad Nazim Abdul Rahman berkata Boustead Naval Shipyard Sdn Bhd (BNS) terpaksa menggunakan sebahagian daripada dana daripada perolehan kapal tempur pesisir (LCS) untuk membayar hutang lapuk projek lain.

Posted by Sebastian Power > 2022-08-10 20:09 | Report Abuse

magic hand? sub punya sub punya sub

Posted by DickyMe10 > 2022-08-12 17:31 | Report Abuse

No other country has the Malaysian technology of developing an invisible navy ship worth around RM 6 billion or more.

Posted by Johnzhang > 2022-08-12 18:28 | Report Abuse

https://newswav.com/A2208_ZqVhOz?s=A_dCXiSmx

Posted by Johnzhang > 2022-08-12 18:29 | Report Abuse

Separating BNS from Bstead holdings is a very good move .

Posted by StartOfTheBull > 2022-08-13 12:00 | Report Abuse

According to him affected companies maybe Phamaniaga, plantations, hotels and others.
https://www.sinchew.com.my/20220812/lcs%e5%bc%8a%e6%a1%88-%e9%bb%84%e5%ae%b6%e5%92%8c%ef%bc%9a%e4%b8%8d%e5%8f%aa%e6%98%af%e7%ae%a1%e7%90%86%e4%b8%8d%e5%bd%93%e4%b8%8d%e5%8a%9b-%e7%97%9b%e5%bf%83lcs%e8%ae%a1%e5%88%92%e8%8a%b1/
Note: I am not against any companies as mentioned above. I just share the news.

Posted by Johnzhang > 2022-08-13 14:51 | Report Abuse

Are you referring the news to the Sinchew news ? I don’t see anything mention about pharmaniaga, plantations, hotels and others ? Have I missed something?

Posted by StartOfTheBull > 2022-08-13 16:55 | Report Abuse

@Johnzhang
The following is the abstract from the same page. FYI
沙里夫丁也告诉公账会，如果BNS倒闭，莫实得控股和国防卫队退休基金都会受到严重影响。莫实得的其他业务，园坵、发马、实业、酒店等等都会受到影响。最严重的就是，国防卫队退休基金也可能会蒙受损失高达46%的基金。（会议记录第52页）

Posted by StartOfTheBull > 2022-08-13 16:56 | Report Abuse

发马 = Phamaniaga

Posted by kevinobc > 2022-08-13 20:45 | Report Abuse

https://www.malaysiakini.com/news/631983
https://www.malaysiakini.com/news/631983

Posted by kevinobc > 2022-08-13 20:46 | Report Abuse

Boustead 'buka pintu' pada media, sangkal barangan di gudang LCS sudah usang

Posted by Sebastian Power > 2022-08-13 20:53 | Report Abuse

last chance to sell before the price drop to 60sen

https://www.malaysiakini.com/news/631983

Posted by StartOfTheBull > 2022-08-13 21:02 | Report Abuse

Ok guys, this is the English version.
https://m.malaysiakini.com/columns/631884

Posted by Johnzhang > 2022-08-14 10:14 | Report Abuse

startofTheBull, Thanks .
Agreed that Bstead holdings and ultimately LTAT will suffer damaging losses if they are finally responsible. The government is thinking of a special purpose vehicle to take over BNS tantamount to relieving Bstead holdings and LTAT of the burden. In the end , the rakyat food the bills.

I am not sure how the LCS fiasco adversely affect Bplant ?


Quote:
Sharifuddin further informed the PAC that if BNS is gone, Boustead Holdings and the Armed Forces Fund Board (LTAT) will be affected severely. Plantations, Pharmaniaga, Boustead Properties and Boustead Hotels all will be affected. It will go as far as LTAT losing up to 46 percent of the fund size. Unquote.

Posted by brianklc > 2022-08-14 10:22 | Report Abuse

The subsi will be forced to pay higher dividend to fund BHIC. To pay dividend, u need profit, to make quick and substantial profit, u need land sales.

Posted by Johnzhang > 2022-08-14 10:26 | Report Abuse

Bplant, the gem within the group may have to be sold eventually to fill the holes.

Posted by Believe3222 > 2022-08-16 10:01 | Report Abuse

look like drop below 70c soon

Posted by Paulnga > 2022-08-18 07:04 | Report Abuse

Koyak terus, run!

Posted by kevinobc > 2022-08-18 07:27 | Report Abuse

https://www.malaysiakini.com/news/632442

Posted by Johnzhang > 2022-08-18 08:01 | Report Abuse

Anyone has information if BStead holdings provide guarantees, loans or and form of undertaking to BNS and BHIC?

Posted by Johnzhang > 2022-08-18 08:04 | Report Abuse

https://newswav.com/A2208_wxcnGV?s=A_qsODMxG

Posted by Sebastian Power > 2022-08-19 14:01 | Report Abuse

if pecah 70sen, then 65sen then back to ground again. Careful because Pharma just post lousy QR

Posted by curiousq > 2022-08-19 15:01 | Report Abuse

a Ho Ho Ho counter .......

only thouse still holding will defend :D

Posted by Believe3222 > 2022-08-22 10:14 | Report Abuse

bagus

Posted by newbie5354_ > 2022-08-22 15:08 | Report Abuse

Sifus how much is Boustead latest net debts?

Posted by Believe3222 > 2022-08-24 15:54 | Report Abuse

bocor 60sen next support

Posted by Noni > 2022-08-24 15:55 | Report Abuse

Is not the net debts that worries me. Is the hidden deals and losses from subsidiaries.....

Posted by Believe3222 > 2022-08-24 19:02 | Report Abuse

I help you, you help me?

Posted by sherlock > 2022-09-04 03:27 | Report Abuse

time to buy

Posted by sherlock > 2022-09-04 03:30 | Report Abuse

good reason to be optimistic as valuation hit historical low.hard to lose money if you buy company like boustead with current price and keep for 12 month.my experience la

Posted by sherlock > 2022-09-04 03:34 | Report Abuse

can expect more good news before election,like mindef or LTAT buyout BNS, privatisation etc.

Posted by peyoy > 2022-09-05 15:54 | Report Abuse

"After taking into consideration the advice from the legal adviser, the Board of Directors of BNS has resolved and decided to serve the Notice in view of the LOAs are tainted with illegality, fraud, wrongdoing and/or are contrary to public policy and are, accordingly, void."

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3289619

Posted by hotdogge > 2022-09-22 09:20 | Report Abuse

以bstead这个行情，国阵几时大选都必败北

Posted by Believe3222 > 2022-09-26 18:01 | Report Abuse

Cantik

Posted by hotdogge > 2022-10-04 09:02 | Report Abuse

可以捞低bstead了0.565

Posted by $$ BUYSELL $$ > 2022-11-15 00:48 | Report Abuse

slowly up look like is coming.

Posted by Plantermen > 2022-12-01 18:08 | Report Abuse

DJ up +737 points. Our KLSE is still struggling up +2points

Posted by Superb99 > 2022-12-13 16:35 | Report Abuse

This counter only knows fake rebound

Posted by Believe3222 > 2022-12-20 12:30 | Report Abuse

Let angmo managed confirm fly to RM6

Posted by Asia88 > 2022-12-25 15:39 | Report Abuse

Why the chairman haven't resign.