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...
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.
www.thestar.com.my/b...d-khaled-as-chairman
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.
www.thestar.com.my/b...d-khaled-as-chairman
