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

Suspension price enter is easy but takeover price no will buy the right mind to buy it 🤦‍♀️

They got key man risk plus he is the holding bag while begging another Tongkat to takeover 🤦‍♀️

let's see how later...

if anyone accepts it or reject

tongkat is ours culture...
don't be shy kitty

Your better hope EPF is not taking over 🤦‍♀️

Likely KWAP or PNB but PNB will be less because of their loss holdings at the moment hence cash crunch for them

Endless Possibilities 😄🤣

But seriously...
Those gomen funds likely to help too

Icap must feel pain now

Don't understand?
Care to explain 🙏

Cos every year the icap agm sure hv boustead Co put up booth & ceo give talk to audience.
Must hv quite heavy of boustead share in portfolio

ICap company iinm by Tan Teng Boo

Tan Teng Boo wait for his speech

Oooh...
Like that huh...

Probably yes...
Simply cannot have booth in company AGM 😁

No law against it anyway 🤦‍♀️

btw Boustead shares surge over 30% to 85.5 sen & its matching LTAT takeover offer price

Unfortunately didnt have insider info to take advantage 😔

some probably bought morning session before suspension

meanwhile many of us missed the boat

seriously... didn't expect them to do this, so fast...

There was always the possibility, but there were a lot of doubts LTAT would be willing to pump in so much money (RM700m at TO price currently). Coz ltat has its own problems. I guess they must have have some guarantee backing from govt.

This post has been edited by Cubalagi: Mar 3 2023, 04:07 PM

yes. there's sure some kind of backing...

the amount is not small...
and LTAT we all know also have some financial issues...
that's why the dividend is low recently....

Retailers punting on that news 🤦‍♀️

Wait for them to get burn as highly unlikely the govt will fork out 700million and most likely it will be a small portion on it for them to pay off the interest on it

Need more information on funding

But LTAT sure won't dare to buyout if not backing....

LTAT not buying out 🤦‍♀️ they are selling out and privatise

They did it because the banks is not willing to loan them any working capital unless they dispose Bouestad units

They need the money because LTAT is embarking for property development now which is capital intensive

don't confused me..

they already hold 59.4%... So now offer to buy the balance 40.58% stake..

Expected to fork out a total of RM703.2 million at 85.5 sen per share....

Ahmad Nazim, 47, is also the chief executive officer of LTAT, which owns 59.4% of Boustead.

You confused yourself because the CEO is holding 59.4% while LTAT is only having 40.58% waiting to dispose 🤦‍♀️

Yup you are correct.


https://www.bursamalaysia.com/market_inform...?ann_id=3333950

Huh???

CEO hold 59.4% of the company???

Yes why not 🤦‍♀️

Good then...

No issues 😌

where u get this news???

Go read the news 🤦‍♀️

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

it doesn't say the CEO himself owns boustead

Really confused people....

My understanding is LTAT owns 59.4% stake... Buying out the balance didn't own....

yes, i was wondering which rich billionaire can own majority share in boustead hldg with market cap of 1.7 billion, not counting the much much larger market cap before the decline

I keep reading...
LTAT indeed the major shareholder 🙏

Remember...
Banks cannot be hold by individuals...

Only those old fellow
Like Public Bank, AMbank & HLB

hahahaha.
this xander2k8 is really blur. go read more. why always bang your own head.

If LTAT and Nazim owns the entire 100% of Boustead, how is Boustead a listed company now?? Who are the public shareholders? Whose shares are the public trading on a daily basis?

i fell from my chair la reading his comments

Make people confused only...

That's why suddenly I also blur...
Can this happen for listed company...

Then keep reading few times to understand the situation... And shareholding structure 💪

let's see what counter argument he has for you.

Silent only
Don't want to reply...

Shy already because wrong info 😃😂
(widely available online for free too)