That's what I'd like to ask too. I've been watching this (BHIC) and Boustead since the middle of last month and they have fared differently. The latter has seen price movements up and down but right now is unchanged at 5.44. However, BHIC has been sliding - from 3.58, it's now down to 3.28.
tonytow - The following should provide some answer to the question: "BHIC's net profit plunged 76.8% to RM18.5 million, or 5.14 sen per share for the financial year ended Dec 31, 2011. Last year, the company recorded profits of RM79.7 million. Revenues dipped by 16.3% to RM544.1 million from RM649.8 million.
Ahmad Ramli said the poor performance was mainly due to lower revenue recognised for works performed on ongoing maintenance, repair and overhaul services, which forms 80% of the company's subsidiaries' activities." http://bit.ly/I0ouhB
Just give a quick analysis on this counter, not investment grade, not dividend stock, not defensive stock, low ROE, low ROR, High PE, no consistent financials...
in my view, this ship look very shaky and probably gonna sink out of nowhere, anyway, i cant find the second interim dividend announced single tier 7.5 sens.
Boustead is the holding company. whereas BHIC is the ship building arm . BHIC will benefit from naval ship contracts. priority is given to local co's. BHIC is headed by ex-navy chief
i bot into BHIC hoping for a privatisation - last year.... after that huge conrtact awarding exercise, but privatisation did not materialise...other than that, either i cut loss or wait for privatisation... whats the take?
Posted by chongkonghui > Aug 16, 2012 10:57 AM | Report Abuse X
Just give a quick analysis on this counter, not investment grade, not dividend stock, not defensive stock, low ROE, low ROR, High PE, no consistent financials...
i agree with namoyaki, go grab yet..volume is thin..maybe the game is between A & B, A kicks to B and B kicks to A, C is the prey, the petty retailer..
Does anybody buy more than 200 shares of this counter!?! WTF!?! Why don't you little homos go pick some coconuts and leave the real investing to the big boys!
Two 16-metre tugboats were delivered to Boustead Naval Shipyard (BNS) in Lumut yesterday, which will allow Boustead Heavy Industries Corporation Bhd (BHIC) to provide harbour support services for the BNS basin and other support duties for the Royal Malaysian Navy.
BHIC entered into a design collaboration arrangement with United Kingdom-based Macduff in June 2011 and has recently renewed the contract for two more years.
The tugboats , costing RM11.5 million, were designed by Macduff and built by BHIC at its Boustead Langkawi Shipyard, BHIC said.
"With our ongoing arrangement with Macduff, we can tap the growing market for these craft in Malaysia and the region, and offer design from an internationally renowned company and construction by a leading Malaysian shipbuilder," said BHIC executive director David Berry.
1,2,3,4 cents a day. Look quite promising recently, breaking all resistant and making new high. Previously push up the price after 4pm, now they push up the price earlier at 12pm. Good luck for BHIC investors.
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....
jtpc2006
984 posts
Posted by jtpc2006 > 2012-01-30 12:14 | Report Abuse
tonytow, any special reason?