BOUSTEAD HOLDINGS BHD
KLSE (MYR): BSTEAD (2771)
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Last Price
0.735
Today's Change
-0.015 (2.00%)
Day's Change
0.725 - 0.75
Trading Volume
5,044,400
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
7 people like this. Showing 50 of 4,740 comments
Ironic that management can destroy shareholders' values and then benefit themselves via MBO....
1 month ago
OMG, it has become who is the silly billy who bought high?
------------------------------------------
speakup
MBO!
who is the silly billy who sold to speakup buy cheap?
4 hours ago
1 month ago
two big boys behind play each other, one sell one buy. So if low price then we beli can untung a bit. Sit makan popcorn and see how big boys fighting each other
1 month ago
https://timesofindia.indiatimes.com/business/india-business/edible-oil...
BEARISH AHEAD !
4 weeks ago
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
1 week ago
Nice to see this ctr green whilst others are red. Sure something positive developing in this group.
1 week ago
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 ?
1 week ago
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-conti...
"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 ?
1 week ago
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.
6 days ago
No other country has the Malaysian technology of developing an invisible navy ship worth around RM 6 billion or more.
4 days ago
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...
Note: I am not against any companies as mentioned above. I just share the news.
3 days ago
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?
3 days ago
@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）
3 days ago
last chance to sell before the price drop to 60sen
https://www.malaysiakini.com/news/631983
2 days ago
Ok guys, this is the English version.
https://m.malaysiakini.com/columns/631884
2 days ago
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.
2 days ago
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.
2 days ago
Bplant, the gem within the group may have to be sold eventually to fill the holes.
2 days ago
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Johnzhang,
Boustead's cash will probably be more than RM1 billion at this juncture. That's equivalent to 0.50 cash per share.
RM1.20/share appears low.
If PRC companies were to bid, the offer will exceed RM2.0
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Johnzhang > 20 hours ago | Report Abuse
If Shazali and his gang managed to take over at $1.20, there is a lot of profit they can eventually realized as Bstead owns many prized assets .
1 month ago