Showing posts with label BOUSTEAD. Show all posts
Showing posts with label BOUSTEAD. Show all posts

Thursday 30 August 2012

Boustead - Return on Retained Earnings

Boustead
Year DPS EPS Retained EPS
2002 3.2 11.1 7.9
2003 3.7 16.7 13
2004 8 22 14
2005 9.3 14.4 5.1
2006 9.3 7.8 -1.5
2007 10.9 49.1 38.2
2008 18 59.7 41.7
2009 18.2 26.7 8.5
2010 20.8 38.3 17.5
2011 35.9 34.2 -1.7
Total 137.3 280 142.7
2002-2011
EPS increase (sen) 23.1
DPO 49%
Return on retained earnings  16%
(Figures are in sens)

Friday 22 June 2012

Investor's Checklist: Energy

The profitability of the energy sector is highly dependent on commodity prices.  Commodity prices are cyclical, as are the sector's profits.  It's better to buy when prices are at a cyclical low than when they're high and hitting the headlines.

Even though the sector is largely cyclical, many energy companies keep their bottom lines black during the troughs.  Look for this characteristic in your energy investments.

OPEC is a highly beneficial force in the energy sector because it keeps commodity prices above its costs.  It is worth keeping tabs on the cartel's strength.

Because of OPEC, we view exploration and production as a much more attractive area than refining and marketing.

Working in a commodity market, economies of scale are just about the only way to achieve a competitive advantage.  As such, bigger is generally better because firms with greater heft tend to be more profitable.

Keep an eye on reserves and reserve growth because these are the hard assets the company will mine for future revenue.

Companies with strong balance sheets will weather cyclical lows better than those burdened with debt.  Look for companies that don't need to take on additional debt to invest in new projects while also paying dividends or repurchasing shares.


Ref:  The Five Rules for Successful Stock Investing by Pat Dorsey



Read also:
Investor's Checklist: A Guided Tour of the Market...

Monday 4 June 2012

Boustead's 421,460 shares crossed 15% below Friday close


KUALA LUMPUR: Boustead Holdings Bhd's 421,460 shares were transacted in an off-market deal on Monday at RM4.35.

Stock market data showed at RM4.35, this was 15% or 77 sen below last Friday's closing price of RM5.12
At 3.41pm, its share price was down nine sen to RM5.03 in regular trade.
Boustead's paid-up is 1.034 billion shares.

Sunday 27 November 2011

Boustead Holdings Berhad


Company Name
:
BOUSTEAD HOLDINGS BERHAD  
Stock Name
:
BSTEAD  
Date Announced
:
21/11/2011  
Financial Year End
:
31/12/2011
Quarter
:
3
Quarterly report for the financial period ended
:
30/09/2011
The figures
:
have not been audited

Converted attachment :



Please attach the full Quarterly Report here:
Boustead Q3-Y2011.pdf



Currency
:
Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2011


       
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
       
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
       
30/09/2011
30/09/2010
30/09/2011
30/09/2010
       
$$'000
$$'000
$$'000
$$'000
1Revenue
2,188,700
1,513,900
6,001,500
4,492,000
2Profit/(loss) before tax
167,100
153,700
585,900
474,200
3Profit/(loss) for the period
144,300
124,600
501,800
390,200
4Profit/(loss) attributable to ordinary equity holders of the parent
120,900
91,900
418,300
328,600
5Basic earnings/(loss) per share (Subunit)
12.86
9.83
44.49
35.34
6Proposed/Declared dividend per share (Subunit)
22.00
12.00
30.00
27.00








AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7Net assets per share attributable to ordinary equity holders of the parent ($$)
4.6300
4.5000


Remarks :
Dividend for current quarter of 22 sen comprises:-
i) Single tier dividend of 12 sen per share declared for 3rd quarter ended 30 September 2011 payable on 30 December 2011; and

ii) Dividend in specie as referred to Note B24(a)(ii) which was completed on 28 October 2011.



9M Cumulative Period ended 30 September 2011


Income Statement

Revenue 6,001.5m
Profit from operations 498.7m
PBT 585.9m
PAT 501.8m

Profit for the period attributable to:
Shareholders of the Company  418.3m

EPS
Basic 44.49 sen

Finance cost (139.5m)



Balance Sheet

ASSETS
NCA 8,241.40m
CA 3,253.2m
TOTAL ASSETS 11,494.6m

EQUITY AND LIABILITIES
Total equity 4,980.7m
NCL 1,223.2m
CL 5,290.7m
Total Liabilities 6,513.9m
TOTAL EQUITY AND LIABILITIES 6,513.9m


Net Asset per Share RM 4.63


Deposits, cash and bank balance 579.1m
LT Borrowings 1,050.60m
ST Borrowings 3,382.8m


Dividends Paid
30.9.2011  (282.0m)
30.9.2010  (224.9m)


Cash Flow Statement

Net cash generated from operating activities  188.0 m
Net cash used in investing activities (702.5m)
Net cash generated from financing activities 664.2m


Capital expenditure & construction of investment property (321.1m)
Acquisition of Subsidiaries, net of cash acquired (650.4m)


Prospects for the year

The global economic outlook remains fluid and will likely be impacted negatively by the Euro zone debt crisis
and the ensuing deterioration of the economic and financial condition of Europe, weakening of the US economy in addition to the risk of slower growth for China and other emerging economies. Against this backdrop, the Malaysian economy which had registered moderate growth on the back of strong domestic demand and supportive government policy measures may experience a slower pace of growth during the remainder of the year. On the overall, the Group expects to register a satisfactory set of results for the current financial year.

Plantation's earnings will very much be dependent on palm oil prices which are expected to stay at attractive
levels for the remainder of the year, thus enabling the Division to deliver very strong earnings for FY2011. The
negotiation for the contract to construct six naval vessels is progressing well and this will have a positive effect
on the earnings of the Heavy Industries Division. The Property Division can look forward to stable recurring
income from its portfolio of commercial and retail properties and the expansion of the hotel operations.

Contributions from new Subsidiary Pharmaniaga Berhad together with the improved performance from the
Group's pharmaceutical manufacturing operation should bolster well for the Pharmaceutical Division. The other Divisions are also expected to perform satisfactorily in FY2011.



B25. Group Borrowings and Debt Securities
Total group borrowings as at 30 September 2011 are as follows:-
30.9.2011 31.12.2010
   RM million   RM million
Non-current:
Term loans     906.2       586.5
Bank guaranteed medium term notes     602.7       414.5
  1,508.9    1,001.0
Less:  repayable in 1 year     458.3       313.6
  1,050.6       687.4
Current:
 - Bank overdrafts       30.6         26.2
 - Bankers' acceptances     194.3       163.8
 - Revolving credits  2,699.6    1,972.2
 - Short term loans     458.3       313.6
  3,382.8    2,475.8
Proceeds from the issue of the RM600 million of MTNs were fully utilised as at the end of July 2011. The
balance of the MTN programme comprising RM400 million of MTNs will be issued during FY2012.
Included above are short term loans comprising RM40.5 million (US Dollar: 12.70 million) and RM45.2 million (IDR 124.8 billion) which are denominated in foreign currencies. All other borrowings are denominated in Ringgit Malaysia


Weighted average number of ordinary shares in issue
940.2m

Headline KPIs
2011 (9 Months) Actual
ROE 9.7%
ROA 7.0%



Market Watch


Announcement
Date
Financial
Yr. End
QtrPeriod EndRevenue
RM '000
Profit/Lost
RM'000
EPSAmended
21-Nov-1131-Dec-11330-Sep-112,188,700144,30012.86-
18-Aug-1131-Dec-11230-Jun-112,225,300223,00019.70-
27-May-1131-Dec-11131-Mar-111,587,500134,50011.93-
25-Feb-1131-Dec-10431-Dec-101,689,800234,70022.22-

ttm-EPS  66.71 sen
Price RM 5.38
Trailing PE 8.1 x




Share Price Performance
   High
 
Low
Prices 1 Month
5.500
  (09-Nov-11)
5.270
  (03-Nov-11)
 Prices 3 Months5.650  (02-Sep-11)4.490  (26-Sep-11)
Prices 12 Months6.500  (10-Jun-11)4.490  (26-Sep-11)
Volume 12 Months47,233  (09-Jun-11)643  (08-Nov-11)


Stock Performance Chart for Boustead Holdings Berhad

23.11.2011
Price RM 5.370
PE 8.04x
DY 5.96% 
Market Cap RM 5,048.7m



Thursday 24 November 2011

Boustead


Market Watch


Announcement
Date
Financial
Yr. End
QtrPeriod EndRevenue
RM '000
Profit/Lost
RM'000
EPSAmended
21-Nov-1131-Dec-11330-Sep-112,188,700144,30012.86-
18-Aug-1131-Dec-11230-Jun-112,225,300223,00019.70-
27-May-1131-Dec-11131-Mar-111,587,500134,50011.93-
25-Feb-1131-Dec-10431-Dec-101,689,800234,70022.22-





Share Price Performance
   High
 
Low
Prices 1 Month
5.500
  (09-Nov-11)
5.270
  (03-Nov-11)
 Prices 3 Months5.650  (02-Sep-11)4.490  (26-Sep-11)
Prices 12 Months6.500  (10-Jun-11)4.490  (26-Sep-11)
Volume 12 Months47,233  (09-Jun-11)643  (08-Nov-11)

Monday 28 February 2011

Boustead 4Q net profit up 41% to RM208.9m, declares 12c dividend

Boustead 4Q net profit up 41% to RM208.9m, declares 12c dividend
Tags: Boustead Holdings Bhd

Written by Surin Murugiah of theedgemalaysia.com
Friday, 25 February 2011 14:21


KUALA LUMPUR: BOUSTEAD HOLDINGS BHD []'s net profit rose 41.4% to RM208.9 million for the fourth quarter ended Dec 31, 2010 from RM147.7 million a year ago due mainly to notable increase in revenue from both the PLANTATION [] and trading divisions.

It said on Friday, Feb 25 revenue for the quarter rose to RM1.69 billion from RM1.48 billion. Earnings per share were 22.22 sen while net assets per share was RM4.50. It declared a fourth interim single tier dividend of 12 sen per share, to be paid on March 31 this year.

For the year ended Dec 31, 2010 Boustead’s net profit jumped 57.3% to RM537.5 million from RM341.6 million in 2009, while revenue grew to RM6.18 billion from RM5.39 billion.

Commenting on its prospects, Boustead said although the Malaysian economy was projected to grow at a steady pace in 2011, and the outlook for the other regional economies was also expected to be favourable, it was bracing itself for yet another challenging year ahead, as the global economies may be badly hit in the event of a large sovereign debt default in Europe in addition to the short-term monetary policies tightening by China and India.

It said plantation's earnings will very much be dependent on palm oil prices which are expected to stay at attractive levels in 2011, largely due to the low supply situation brought on by adverse weather conditions and the expected increase in demand.

It said the heavy industries division's prospects would be underpinned by contracts on hand, and the finalisation of the value and duration of the project to construct six naval vessels will be positive for earnings.

“The property division can look forward to stable recurring income from its portfolio of commercial and retail PROPERTIES [] and the expansion of the hotel operations.

“The addition of PHARMANIAGA BHD [] in the coming year will enable the group to take advantage of the Pharmaniaga brand and infrastructure to grow revenue and profit in the lucrative pharmaceutical business. The other divisions are expected to perform satisfactorily in 2011,” it said.

Saturday 15 January 2011

A Brief Look at Boustead Holdings Bhd.

Boustead Holdings Berhad

Business Description:
Boustead Holdings Berhad is engaged in investment holding and oil palm cultivation. It operates in seven segments:
  1. Plantation, which is involved in the planting and processing of oil palm, and forestry and oil bulking installations; 
  2. Heavy Industries, which is involved in shipbuilding, fabrication of offshore structures, and repair and maintenance of vessels and defense related products; 
  3. Property Development; 
  4. Property Investment; 
  5. Finance and Investment, which is involved in the provision of commercial, Islamic and investment banking services, money broking and others; 
  6. Trading, which is involved in warehousing and distribution of fast moving consumer products, and 
  7. Manufacturing and Services, which is involved in manufacturing cellulose fiber cement boards and paints, and offering travel and tour related products. 
In 2009, the Company produced 1,106,000 metric tonne (MT) of fresh fruit bunches (FFB) and sold its entire stake in Associates Boustead Bulking Sdn Bhd and Riche Monde Sdn Bhd.



Current Price (1/7/2011): 5.54
2009 Sales 5,392,000,000
Employees: 8,022
Market Cap: 5,208,497,480
Shares Outstanding: 940,162,000
Closely Held Shares: 568,935,789







Announcement
Date
Financial
Yr. End
QtrPeriod EndRevenue
RM '000
Profit/Lost
RM'000
EPSAmended
29-Nov-1031-Dec-10330-Sep-101,513,900124,6009.77-
23-Aug-1031-Dec-10230-Jun-101,425,000161,40015.68-
31-May-1031-Dec-10131-Mar-101,553,100104,2009.75-
25-Feb-1031-Dec-09431-Dec-091,481,066179,32216.20-


Estimated EPS for 2011 =  35.21*4/3  =  46.9 sen
At price of 5.54, it is trading at prospective 2011 PE = 5.54 / 0.469 =  11.8 x
Dividend given to date = 27 sen
DY to date = 0.27 / 5.54 = 4.9%

Historical
5 Yr
PE range 7.7 - 13.5
DY range 7.9% - 4.0%

10 Yr
PE range 7.4 - 11.9
DY range 6.3% - 3.6%


Year      DPS    EPS
2003      4.2      18.7
2004      9.0      24.7
2005    10.5      16.2
2006    10.5        8.8
2007    12.3      55.0
2008    20.2      66.9
2009    20.4     36.4
9M10   27.0     35.21    NTA   4.35


Capital changes
2003   1/2 Rights @ RM 1.60 followed by 1/3 Bonus
2009   2/5 Rights @ RM 2.80


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