KLSE: BSTEAD (2771)       BOUSTEAD HOLDINGS BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.855   0.00 (0.00%)  0.855 - 0.86  1,033,600
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Market Cap: 1,733 Million
NOSH: 2,027 Million
Avg Volume (4 weeks):15,733,909
4 Weeks Range:0.60 - 0.86
4 Weeks Price Volatility (%):
52 Weeks Range:0.52 - 0.86
52 Weeks Price Volatility (%):
Average Price Target: 0.66
Price Target Upside/Downside: -0.195

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2022 [#4]  |  28-Feb-2023
Next QR | Est. Ann. Date: 31-Mar-2023  |  27-May-2023
T4Q P/E | EY: 27.95  |  3.58%
T4Q DY | Payout %: 1.75%  |  49.04%
T4Q NAPS | P/NAPS: 1.64  |  0.52
T4Q NP Margin | ROE: 0.85%  |  1.87%


Date Subject
14-Mar-2023 No Decision Yet on Pharmaniaga’s Regularisation Plan, Says Ahmad Nazim
14-Mar-2023 Tok Mat: LTAT’s Offer for Boustead Holdings Is 'fair', Relisting Is Possible
11-Mar-2023 privatization of Boustead
09-Mar-2023 Deep Value in Listed, Non-listed Assets in Boustead
06-Mar-2023 莫实得小股东等不到春天/万年船
04-Mar-2023 LTAT Addresses Its Boustead Dilemma
04-Mar-2023 上升股:莫实得控股 阻力RM1.05
03-Mar-2023 MQ Market Updates - 03 March 2023
03-Mar-2023 Daily Market Report - 3 March 2023
03-Mar-2023 PublicInvest Research Headlines - 3 Mar 2023
03-Mar-2023 Mplus Market Pulse - 3 Mar 2023
02-Mar-2023 LTAT拟每股85.5仙 私有化莫实得控股
02-Mar-2023 LTAT to privatise Boustead for more than RM700mil
02-Mar-2023 MQ Market Updates - 02 March 2023
02-Mar-2023 LTAT to Privatise Boustead Holdings
01-Mar-2023 发马拖累 莫实得控股亏4.02亿
01-Mar-2023 Mplus Market Pulse - 1 Mar 2023
23-Feb-2023 Pharmaniaga Appoints Boustead Group CEO Izaddeen as Chairman
11-Jan-2023 Ex-minister Mohd Redzuan Resigns as Boustead Holdings Chairman
08-Jan-2023 Anwar Witnesses Exchange of Several MOUs, LOIs in Maiden Visit as PM to Jakarta

Business Background

Boustead Holdings Bhd is a Malaysia-based conglomerate. The company operates in six segments. The plantation division primarily involves the planting of oil palm and processing of crude palm oil. The heavy industries division primarily involves shipbuilding, fabrication of offshore structures, and vessel restoration and maintenance. The property division primarily involves real estate development and leasing, as well as hotel operation. The finance and investment division comprises the company's investing activities. The pharmaceutical division manufactures, trades, and markets pharmaceutical products. The trading and industrial division primarily operates a petrol station network and manufactures and trades building materials.
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  7 people like this.
Bullhunter Last time they cancel the privatisation and price plunge. Will it be de ja vu?
03/03/2023 3:00 PM
TheContrarian 3 pm foreign funds come in to sell, this is common sense due to different time zone.
03/03/2023 3:23 PM
TheContrarian @speakup, those who bought above 85.5 sen are merely throwing away their money.
03/03/2023 3:43 PM
777777 few big buy at 500,000 each time @855 in the last 5 minutes
03/03/2023 4:08 PM
TheContrarian LTAT and/or friendly parties would have mopped up over 200 million shares so far representing 10% of the total shares.
03/03/2023 4:11 PM
ZitradeTrendTrader NEXT RALLY STOCK??!! This stock is GOING HIGHER! Does signal appear? DONT MISS THIS!

Please show some support by watching our analysis video:) thank youu
03/03/2023 6:39 PM
speakup https://www.theedgemarkets.com/node/657769
04/03/2023 9:36 AM
TheContrarian Sell Boustead and buy into Affin.
04/03/2023 2:12 PM
BobAxelrod33 Affin the sacrificial lamb was used to bailout the others in their stable.
04/03/2023 2:22 PM
chinaman gomen has no business in business. then tax payee bail out again. then debts break myr1.4trllion. then gst.
04/03/2023 3:26 PM
speakup Ambank should buy Affin
04/03/2023 10:08 PM
TheContrarian Ambank buys Affin, windfall for Affin minorities. Go, go, go buy Affin.
04/03/2023 11:32 PM
speakup Affin is too small. They need to merge or he bought over. Same goes for mbsb, alliance bank, bimb.
05/03/2023 8:09 AM
TheContrarian Windfall for Affin minorities coming.
05/03/2023 9:45 AM
calvintaneng Happy morning all

Boustead has reached the ceiling

Go for bplant with better upside potential
06/03/2023 9:11 AM
calvintaneng Bplant has over 220,000 acres of lands still at old book value

Both Boustead and bplant lands and assets got over 100 years history since Long Jaffar founded tin in Larut (circa 1848)

Lands bought at rock bottom prices now full of IMMENSE VALUE

Just sell one piece Seberang Prai North lands can bring in Rm1 Billions

Dividend payout from Bplant will help Boustead
06/03/2023 9:15 AM
calvintaneng Boustead only need Rm700 mil plus to take it private

Rm700 million plus sap sap sui since Bplant land assets worth multi Billions
06/03/2023 9:17 AM
TheContrarian Bplant has landbank ..... Affin has bank ....... sell Boustead and buy both.
06/03/2023 9:56 AM
TheContrarian LTAT announced that they have purchased over 211 million Boustead shares from the open market on Friday raising their shareholding to 70%.
06/03/2023 4:18 PM
speakup LTAT bought max 85.5
so who sor chai buy 86?
06/03/2023 8:28 PM
Hamdan80 i think now is a good time to invest
08/03/2023 1:11 PM
IzwanJohari Boustead needs a change, a takeover could be a good thing. just my opinion
08/03/2023 1:43 PM
TheContrarian LTAT is not taking over Boustead, it is already in control of Boustead. LTAT is taking it PRIVATE and delisting it like OSK did on PJ Development Bhd.
08/03/2023 2:02 PM
nicholas99 yeah. got land. can privatize.. stock macam pharma. no asset 1. hard a bit
08/03/2023 2:26 PM
BobAxelrod Post removed. Why?
08/03/2023 2:34 PM
BobAxelrod Post removed. Why?
08/03/2023 2:36 PM
TheContrarian @BobAxelrod, offer at 85.5 sen.
08/03/2023 3:38 PM
BobAxelrod My bad...855c..

Thanks for the correction.
08/03/2023 3:42 PM
TheContrarian LTAT shareholding in Boustead has exceeded 72%.
08/03/2023 6:08 PM
speakup Those who buy 86 now losing 0.5¢
08/03/2023 8:00 PM
Johnzhang I think it is too early to rule out that LTAT will not revise up the offer price within the 46 days from Offer Posting Date . At least LTAT has not ruled it out. It all depends on the offer acceptance level .
I rather accept LTAT ‘s offer vide the offer document than to sell in open market now . In the event that LTAT decides to up the offer to secure at least 90% control, those who have accepted the offer earlier will get the higher price , but not those who have sold in open market.
08/03/2023 8:51 PM
BobAxelrod LTAT does not require the Motion to be voted since they are Majority shareholder with over 59.42%.

The Offer Price should stay and for those minorities to accept within 21 days.
08/03/2023 9:03 PM
BobAxelrod Post removed. Why?
08/03/2023 9:04 PM
Johnzhang Pls read the takeover offer letter to Bstead dated 2nd March . Some of the conditions and periods of offer are all stated there . The offer is valid for 60 days from the posting date of offer document. For revised offer , it has to be made within 46 days from the offer document which will be posted to minorities within 21 days from 2nd March , the day Bstead is notified of takeover offer .
08/03/2023 9:18 PM
TheContrarian @Johnzhang, right now it's a matter of opportunity cost. Sell now at 85.5 sen and redeploy proceeds to another counter which will eventually rise or hold out and hope LTAT will revise the offer price higher.
09/03/2023 5:10 AM
Johnzhang @TheContrarian, I can wait for another few weeks . The opportunity to pick another potential counter is always there .
09/03/2023 5:59 AM
Johnzhang Minorities who are willing to accept 85.5 sen would have or will very soon be selling in open market at same price .
Just monitor the volume LTAT able to soak up in the next 1-2 weeks to assess if LTAT shall get at least 90% acceptance to force the remaining minorities to give in .
09/03/2023 6:12 AM
Johnzhang The selling at 85.5 sen seem disappear today.
09/03/2023 4:34 PM
investingiscommonsen https://klse.i3investor.com/web/blog/detail/investmentknowledge/2023-03-11-story-h-276217990-privatization_of_Boustead

hi, this is my little thought on Boustead Privatization . Feel free to give comments
11/03/2023 8:13 PM
calvintaneng Some thoughts on Boustead

Since Ltat needed more than Rm600 millions cash to take over Boustead it will get cash

From its own saved up capital

Or from more bank borrowings

Or from selling some assets to
get back cash

Where will cash come from?

Already highly geared Boustead will find it harder to borrow unless pay a higher interest

Or sell assets of subsidiaries?

And look at these

Not enough money
Will need to raise capital by pp or Rights issue

No earnings and full of problems still not resolved

Affin Bank
This ok but Banks are under control by Bank Negara
Only just done was the 30 sen dividend payout

This one has lands bought more than 100 years ago since year 1848 when Long Jaffar founded tin in Larut

Bplant started with rubber and now into palm oil

Latest Ar shows its own over 240,000 acres of plantation lands

In Peninsular many are freehold and located near growing towns and cities

So how big is 240,000 acres?

About 500,000 old sq besi airport or Bandar Malaysia

Or more than the entire landmass of Spore at 180,000 acres

Bplant already unlocked over 22 sen dividend last two years

So we can expect more
17/03/2023 10:53 AM
calvintaneng Correction

Bplant 240000 acres land equal to about 500 Bandar Malaysia lands
17/03/2023 10:56 AM
BobAxelrod33 And I always thought you were a Professional.....now, laugh die me...

It is LTAT taking Bstead Private and paying from their own coffer.....

You mean Bstead is paying the 600+ million to go Private and wholly owned by LTAT???

Mana sekolah lu??........hahahahahahaha

Posted by calvintaneng > 18 seconds ago | Report Abuse

Some thoughts on Boustead

Since Ltat needed more than Rm600 millions cash to take over Boustead it will get cash

From its own saved up capital

Or from more bank borrowings

Or from selling some assets to
get back cash

Where will cash come from?

Already highly geared Boustead will find it harder to borrow unless pay a higher interest

Or sell assets of subsidiaries?
17/03/2023 10:57 AM
BobAxelrod33 Bstead need to borrow 600+ Million to pay minorities?????.....LOL
17/03/2023 10:58 AM
BobAxelrod33 Do you know what is 600+ millions to LTAT.....just a parking ticket fee......laugh die me.
17/03/2023 10:58 AM
calvintaneng Go see boustead balance sheet


Only Rm700 mil cash

So Debt less cash Boustead has a high debt of RM6 BILLIONS ON ITS BALANCE SHEET

17/03/2023 11:20 AM
BobAxelrod33 Nah....no point to debate with a 2 year old kid....he knows nothing.

He still thinks Bstead is raising the 600+ Millions to pay minorities..........my toes are laughing so hard....even my pet fish is rolling on the floor laughing.
17/03/2023 11:25 AM
BobAxelrod33 What a stu....peed investor calling himself a sifut???

Robert Kiyosaki said Debts are good if you can manage them to your favour.

And what's the NA of Bstead?? 1.62????.... and LTAT is paying 855c a piece????
17/03/2023 11:28 AM
yongyong88 LTAT is buying out the other shareholders of boustead. LTAT is like the EPF for soldiers. Yes, 600 million is nothing to LTAT, that's why the shareholders are demanding a higher price.
17/03/2023 11:31 AM
anthonytkh 600M is not nothing. Not for any of our GLICs.
17/03/2023 11:48 AM
calvintaneng Every co or entity depends on real income to prosper or survive

Where did Ltat gets its income from?

From investments of course

Even the kings of old are served from the field

So where will Ltat real income now derive from

No more easy Contract as Pm Anwar in charge. Bhic won't be good

Pharma is in deficit due to expired vaccine and now need help

As for Affin bank it has given out 30 sen dividend

The logical deduction is the cash to be released from bplant valuable assets
17/03/2023 2:08 PM

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