It's too late for me to call this stock at lowyat.net. My call was right in investlah.com (year 2010).

But, this stock should hits RM6.50-7.00 within 12 months. I expect a strong oil price + strong palm oil price will bring this counter to new high in 2011. Let's wait and see if my forecast is right or not.


The instrinsic value of Boustead Holding Bhd is around RM6.50-7.00

Watch this counter closely.

mind to share some info ?? report or research ? thx and do forgive my laziness XD

Too bad there is no option for Boustead.

Agreed. This counter did a golden cross in June 2010 at about 3.80, it has been trending strongly till it hit 6.05 on 26/10/10 then retraced lowest to 5.08 on 24/11/10, it never go back to that price for the past 1+ months, it should re-test previous high of 7.25 that set on 31/1/08.

This should be consider a low risk entry as the re-test of 5.08 is about 30sen and the potential gain is about 1.90, look like the risk and reward ratio is good

Hope this technical view complement your fundamental view ( strong in both oil )

Hong Leong recommend Buy with TP @ 6.61

Boustead Holdings awards torpedo launch contract to BHIC subsidiary

Boustead Holdings Bhd has awarded a contract for the second generation patrol vessels/ littoral combat ships torpedo launching system to Boustead Heavy Industries Corporation Bhd’s subsidiary Contraves Advanced Devices Sdn Bhd.

Boustead Holdings said on Monday its subsidiary Boustead Naval Shipyard Sdn Bhd had issued a letter of award to Contraves for the project under the government defence programme.

“The letter of awards awards to CAD contracts to supply the torpedo launching system for the littoral combat ships programme. Other details are classified,” it said.

Boustead Holdings said the awarded works constituted a recurrent related party transaction for which a shareholder mandate was obtained at the company’s AGM on April 8, 2013.

“The awarded works are not expected to have a material impact on the earnings of the company for the financial year ending Dec 31, 2013, but will contribute positively to subsequent years’ earnings of Boustead Naval Shipyard as the tenure of the awarded works is long term in nature,” it said.

PROPOSED DISPOSAL OF 50,000 ORDINARY SHARES OF RM1.00 EACH REPRESENTING 50% OF THE ISSUED AND PAID UP CAPITAL IN ASIA SMART CARDS CENTRE (M) SDN BHD BY BOUSTEAD INFORMATION TECHNOLOGY SDN BHD, A WHOLLY OWNED SUBSIDIARY OF BHB, FOR A TOTAL CASH CONSIDERATION OF RM1,600,000.00 (“PROPOSED DISPOSAL” )

http://www.bursamalaysia.com/market/listed...cements/1457389

Litigation Against Subsidiary Company
Putrajaya Court of Appeal Civil Appeal No. A-02(IM)(NCVC)-786-04/2013
(Ipoh High Court Suit No. 22NCVC-193-08/2012)
Appellant/Plaintiff: Ingat Kawan (M) SdnBhd
Respondent/Defendant: Boustead Naval Shipyard Sdn Bhd(“BNS”)

Further to our announcement dated 3 April 2013 on the above matter where BNS succeeded in striking out the Plaintiff’s claim at the High Court, we wish to inform that the Court of Appeal had on 11 November 2013 allowed Plaintiff’s appeal and ordered the case to be tried at the High Court.

This announcement is dated 12 November 2013.

PROPOSED ISSUE OF, OFFER FOR SUBSCRIPTION OR PURCHASE OF, OR INVITATION TO SUBSCRIBE FOR OR PURCHASE OF, HYBRID EQUITY BEING JUNIOR ISLAMIC MEDIUM TERM NOTES (“JUNIOR SUKUK MUSHARAKAH”) UNDER A JUNIOR ISLAMIC MEDIUM TERM NOTE PROGRAMME OF UP TO RM1.2 BILLION IN NOMINAL VALUE (“JUNIOR SUKUK PROGRAMME”)
http://www.bursamalaysia.com/market/listed...cements/1464525

Boustead Heavy Industries Corporation Berhad (“BHIC”) Contract between Boustead Penang Shipyard Sdn Bhd and Murphy Sarawak Oil Co.,Ltd.
http://www.bursamalaysia.com/market/listed...cements/1469161

Pulau Pinang High Court Civil Suit No. 22NCVC-8-01/2013
Boustead Holdings Berhad
Boustead Weld Quay SdnBhd …Plaintiffs

Kerajaan Negeri Pulau Pinang
Majlis Perbandaran Pulau Pinang …Defendants



Further to our announcement dated 18 October 2011, we wish to inform that the Parties had entered into a Consent Judgment on 19 November 2013, whereby the Second Defendant was ordered to pay RM20,804,857.27 to the First Plaintiff as full and final settlement by way of instalments.


This announcement is dated 26 November 2013

PROPOSED DISPOSAL OF 50,000 ORDINARY SHARES OF RM1.00 EACH REPRESENTING 50% OF THE ISSUED AND PAID UP CAPITAL IN ASIA SMART CARDS CENTRE (M) SDN BHD BY BOUSTEAD INFORMATION TECHNOLOGY SDN BHD (“BIT”), A WHOLLY OWNED SUBSIDIARY OF BHB, TO MODULAR TECHCORP HOLDINGS BERHAD (“Purchaser”) FOR A TOTAL CASH CONSIDERATION OF RM1,600,000.00 (“PROPOSED DISPOSAL” )




We refer to our earlier announcement dated 11 November 2013 in relation to the Proposed Disposal.


The Board of Directors of BHB wishes to announce that the Proposed Disposal has been completed with the full payment of the Balance of the Purchase Price of RM1,440,000.00 and other Operating Expenses due and owing by the Purchaser to BIT on 28 November 2013.


This announcement is dated 28 November 2013.

Boustead 3Q profit rises 25% to RM98m, pays 7.5 sen dividend

Boustead Holdings Bhd reported a 25% increase in third quarter net profit from a year earlier but nine-month bottom line fell 3%. The decline came mainly on the diversified group's lower income from its oil palm plantation operations.

In a statement to the exchange, Boustead said net profit rose to RM97.5 million in the third quarter ended September 30, 2013 (3QFY13) from RM79.5 million. Revenue climbed to RM2.7 billion from RM2.51 billion.

Boustead plans to pay a dividend of 7.5 sen a share for 3QFY13.

Nine-month (9MFY13) net profit fell to RM258.6 million from RM266.2 million. Revenue was however higher at RM7.62 billion compared to RM7.37 billion.

"For the 9-month period, the plantation division contributed a pre-tax profit of RM45.8 million (2012: RM161.8 million) mainly due to the lower average CPO (crude palm oil) price of RM2,333 per MT, representing a decrease of RM743 or 24% against last year corresponding period's average of RM3,076 per MT.

"In addition, FFB (fresh fruit bunch) crop totalling 754,728 MT was 7% short of the previous year," Boustead said.

Bye bye Boustead Holdings

https://www.theedgemarkets.com/node/657499

Finally after losing 90% of their value 🤦‍♀️

Anyway will affect 2 persons holding the bag now 👏

wonder how much they would be offering??

70c / share???

LTAT to take Boustead private for RM703 mil or 85.5 sen per share

Of course will be higher than market price but who on earth wants the company now 🤦‍♀️

This post has been edited by xander2k8: Mar 2 2023, 06:58 PM

wah...
those just enter before suspension can make some small profits

No profit because who on earth wanna takeover unless Tongkat intervene 🤦‍♀️

The problem is the company should not get involved with LCS otherwise they still be in green with the other industries

what I mean is the differences between before suspension & takeover price...
got some meat there

if u managed to enter lorh...
after this kinda hard... sure shoot up one