BOUSTEAD HEAVY INDUSTRIES CORP

KLSE (MYR): BHIC (8133)

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Last Price

0.50

Today's Change

+0.005 (1.01%)

Day's Change

0.495 - 0.50

Trading Volume

17,000

News and Blogs
Discussions
3 people like this. Showing 50 of 282 comments

ray8283

wau ...Good Results..tomolo Sure up...luckly today masuk sikit

2020-06-10 19:56

CUTLOST

Wow 574% profit.. Actually it gd news for the group.. Hope tmr it will spike up to the highest

2020-06-10 20:12

Good123

more profitable in future after VSS.

Right-sizing Exercise
An exercise was undertaken to identify the optimal organisational structure for the Group. An
obvious component of this exercise is a critical review of appropriate human capital resources,
which will impact the entire Group. Specific right-sizing initiatives, based on the Group’s
established performance appraisal processes, have commenced in all primary operating
facilities, including the head office and will lead to a reduction in overall employee headcount.
This exercise is expected to be completed by 30 June 2021.
As at 31 March 2020, a total of 160 personnel had accepted the mutual separation scheme
offered by the Group since 2016 with a total payment of RM11.5 million.

2020-06-10 20:40

Good123

hold bhic. closing non-performing units. Internal Business Reorganisation
The Group started an exercise to review the operational structure and decided to merge the
operations of certain business units. Three non-performing business units have been identified
and the closure is ongoing.
The closure resulted in a retrenchment of 78 staffs with a total payment of RM5.7 million.

2020-06-10 20:42

Good123

recently the construction of the remaining three Littoral Mission Ships (“LMS”) in China has
resumed post Covid-19. Both the LCS and LMS Programmes are ongoing at slower progress. The
Associate and China Shipbuilding

2020-06-10 20:46

CUTLOST

Tq tq.. Finally sold 80cts

2020-06-11 09:25

Davedeli

Can go higher I think

2020-06-11 09:47

Davedeli

An Ascending Triangle is formed

2020-06-11 09:48

Davedeli

Waiting for people to realize this counter

2020-06-11 09:50

Davedeli

Going to recover to pre-covid price soon

2020-06-11 09:52

Good123

maybe urusharta started dumping the shares again

2020-06-11 10:48

Good123

urusharta has 15mil shares to dump, unfinished yet Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD

Particulars of substantial Securities Holder

NameURUSHARTA JAMAAH SDN BHDAddressTingkat 7, Bangunan Setia 1, 15 Lorong Dungun, Bukit Damansara
Kuala Lumpur
50490 Wilayah Persekutuan
Malaysia.Company No.201801045610 (1307642-V)Nationality/Country of incorporationMalaysiaDescriptions (Class)Ordinary Shares

Details of changes

NoDate of change

No of securities

Type of TransactionNature of Interest118 May 2020

11,000

DisposedDirect InterestName of registered holderCITIGROUP NOMINEES (TEMPATAN) SDN BHD URUSHARTA JAMAAH SDN BHD (NOMURA 1)Address of registered holderLEVEL 42, MENARA CITIBANK, 165 JALAN AMPANG, 50450 KUALA LUMPURDescription of "Others" Type of Transaction
Circumstances by reason of which change has occurredDisposedNature of interestDirect InterestDirect (units)15,845,267Direct (%)6.377Indirect/deemed interest (units)Indirect/deemed interest (%)Total no of securities after change15,845,267Date of notice19 May 2020Date notice received by Listed Issuer21 May 2020


Remarks :The total direct shares of 15,845,267 are held as follows: - 1) Citigroup Nominees (Tempatan) Sdn Bhd, Urusharta Jamaah S B (Aberdeen 1) - 4,766,633 2) Citigroup Nominees (Tempatan) Sdn Bhd, Urusharta Jamaah Sdn Bhd (Maybank 1) - 6,102,634 3) Citigroup Nominees (Tempatan) Sdn Bhd, Urusharta Jamaah Sdn Bhd (Nomura 1) - 4,976,000


Announcement Info

Company NameBOUSTEAD HEAVY INDUSTRIES CORPORATION BHDStock NameBHICDate Announced21 May 2020CategoryChange in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016Reference NumberCS2-21052020-00082

2020-06-11 10:49

Good123

the biggest obstacle for bhic share price

2020-06-11 10:49

Good123

untung Sikit je :). Besides higher revenue from MRO projects, BHIC said the reversal of expected credit losses of RM18.6 million also contributed to the group’s improved financial performance for the quarter.

2020-06-11 16:40

hoowk77

Received 154.3mil submarine contract from mindef. Order value near to share mkt capitalization

2020-06-17 12:43

CUTLOST

Waiting back at 70cts

2020-06-17 15:42

hoowk77

company status is improving fast

2020-06-18 10:52

Diego2020

buy buy buy

2020-07-01 14:27

davidkkw79

Dont touch tabung haji punya counters, they are well known in lousy company management

2020-07-06 16:28

angelo

DON'T TOUCH THIS COUNTER. YOU ALL HAVE NO IDEA HOW SERIOUS ARE THE PROBLEMS FACED BY ITS ASSOCIATED COMPANY BNS FOR LCS PROJECT. CREDITORS WILL START SUING FOR DEBTS OWED! TRUST ME BECAUSE I KNOW AND I CAN'T DISCLOSE ANY INFORMATION HERE.

2020-07-09 08:17

angelo

Victor Yong This company no more in oil n gas business. The O & G Division has been closed after Petronas terminated and withdraw its license.

2020-07-09 08:22

Heman01

Debts are Extravaganza. Will dive further

2020-07-14 10:49

angelo

Pls avoid this counter. Company having difficulty in paying staff salaries already.

2020-08-11 12:29

angelo

Staff salaries (for those earning RM5,000 n above) for the month of July 2020 were paid in 2 portions, 50% at the end of July 2020 n the balance 50% in the 1st week of August 2020. The staff salaries for the month of August 2020 will be the same method. As for Sept 2020, will have to wait n see.

2020-08-29 08:05

DJThong

It has a lousy board. No industry experience providing zero steer. Now not paying staff - useless.

2020-11-20 08:25

angelo

Condom004. How to fly when UJSB has to dispose all of its share holdings? Anyway, pls stay away from this counter. More bad news to come in the near future.

2020-11-28 14:52

freddiehero

aduh.. better faster made payment to daya lo.. u c my daya Jam Sana kuat lama.. bayar la hutang.. kakaka..

2020-12-03 08:38

freddiehero

Anti-Corruption Commission on possible irregularities found in the latter's associate company, Boustead Naval Shipyard Sdn Bhd (BNS).

2020-12-03 08:41

freddiehero

The project, comprising an order for six LCS to be constructed for the Royal Malaysian Navy, was awarded to BNS by the Ministry of Defence in 2011.

According to news reports, the first ship from the project should have been delivered in April 2019. However, not even one ship had been completed so far, although the Government had paid BNS RM6 billion.

2020-12-03 08:41

freddiehero

kesian le my daya, bikin aircon duit also want hutang lama lama ka..

2020-12-03 08:43

freddiehero

3. Littoral Combat Ships Project
Included in Note 5, Note 19 and Note 20 to the financial statements are revenue of RM7,413,000,
receivable of RM7,961,000 and contract liabilities of RM 6,020,000 respectively generated from the
Littoral Combat Ships Project.
On 25 September 2015, Daya OCI Sdn. Bhd. (“DOCI”) was appointed as the subcontractor to
supply heating ventilation and air conditioning (HVAC) system for six units of Littoral Combat Ships
(“LCS Project”).
(a) The LCS project was suspended in January 2020 due to non-payment from the customer.
The management is of the view that total amount receivable from this customer amounting to
RM7,961,000 as at the end of the reporting period is recoverable and no expected credit loss
is required.
(b) The allocation of the budgeted and actual costs for the LCS Project have not been
appropriately allocated to the six separate performance obligations in accordance with MFRS
15 Revenue from Contract with Customers.
As a result of the above matters, we were unable to obtain sufficient appropriate audit evidence to
conclude that the closing balance of amount receivable from the customer and any consequential
expected credit loss, the opening and closing contract balances and the contract revenue relating to
the LCS Project have been appropriately recognised in the financial statements during the financial
period.

2020-12-03 08:48

freddiehero

Wat a joke? government pay RM 6bil , no 1 ship handover?

2020-12-03 08:57

angelo

PN17 in the making.

2021-03-02 14:19

Parksonguy

Already 4month still cannot come out with quarter report.

2021-04-21 08:16

Parksonguy

Please cincai cincai made 6 sampan then give to government to clear 6billions debt. You got how many ship in government no one care. If really war with singapore also 100% loose. Extra 6ship no different. Build sampan to clear account can liao

2021-04-22 02:12

Sipekhuat

Post removed.Why?

2021-06-01 00:40

warchest

My new article on Boustead Holdings Bhd. Hope it could add value to all the i3 members. Stay safe Guys

https://klse.i3investor.com/blogs/TimelessInvestment/2021-06-05-story-h1566073244-Boustead_Holdings_Bhd_BHB_A_Turnaround_Story.jsp

2021-06-05 16:42

DickyMe

Post removed.Why?

2021-09-10 19:41

Icon 888

Bossku

2021-11-25 03:19

rr1688

king of the day...

2022-06-20 20:42

EatCoconutCanWin

Bapak kepala rasuah.

2022-08-27 08:42

dashengyong82

Boustead Holdings Bhd has appointed Izaddeen Daud as group chief executive officer effective Dec 1, 2022, succeeding Datuk Seri Mohamed Shazalli Ramly.

Shazalli, who was appointed on Dec 1, 2020, has completed his tenure after two years of service.

In a statement, Boustead said Izaddeen’s appointment was in line with the Boustead Group’s Senior Leadership Succession Programme. Prior to his appointment, Izaddeen, 54, was Boustead’s deputy group managing director

2022-11-30 16:52

dashengyong82

Boustead chairman Datuk Seri Mohd Redzuan Md Yusof said: “The board has agreed to appoint Izaddeen, who has huge experience and an excellent track record in the corporate sector.“

“He has the board’s full support to lead the group in strengthening the existing core businesses and developing new ventures that will further increase the shareholder value and take Boustead to new heights,” he said.

Izaddeen holds a Bachelor of Science (Hons) in Accounting and Law from De Monfort University, Leicester, the UK.

2022-11-30 16:52

DickyMe

Most educated people are trained to be thieves. What a shame.
They are smug and claim it is the smart way of making money, ie scamming.

2022-11-30 16:59

tedoptimus

用数据预测BHIC 2022Dec 的业绩
https://youtu.be/x1CMXAxqTaE

2023-02-03 21:28

angelo

Becareful, PN17 in the making.

2023-03-02 17:57

calvintaneng

Boustead a high debt laden co

Boustead group of companies

Affin bank
Bplant
Bhic
Pharmaniaga

Affin Bank
Under bank negara control

Already paid 30 sen dividend to help Boustead but insufficient

Pharmaniaga
In deep impairment due to unsold vaccines
Payables caused losses and triggered Pn17
And the sell down

Bhic
Another lemon

Bplant
This is the golden goose
Lands of 220,000 acres worth multiple billions if sold to unlock cash and ultimate helper of last resort

Verdict is go buy bplant and hold

2023-03-02 21:53

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