BOUSTEAD - New Appointment of Chairman

2 พ.ค. 2020

Boustead Holdings is a company with participation in several industries i.e. plantation BPLANT, property, pharmaceutical (Duopharma), heavy industries, finance & investment, and Trading & Industrial. The company has been here since 190 years ago with total assets amount to RM18.8billion.

Fundamentally, it doesn't really look good at the moment...

• Market Cap: 922million
  
• Current price: RM0.45
  
• PE Ratio: N/A
  
• ROE -34.10 (overvalue)
  
• NTA: RM1.8 (undervalue)
  
• Financially, the company has been in loss since last 2 years.
  

Its good to know the fundamental first before deciding your trading strategy. If its not looking good, most likely it will be just a short term trade with available new catalyst (see below)

Technical chart wise, we are looking at uptrend.

Catalyst: Recently Khaled Nordin, the ex-MB of Johor has been appointed as the Chairman of Boustead. We will see how this will impact the company especially in term of turning the business from red to green.
thestar.com.my/business/business-news/2020/04/30/boustead-holdings-appoints-former-johor-mb-mohamed-khaled-as-chairman