Capital move: Kenanga Research has pointed out that the downside to Boustead Holdings’ share price may be limited by a yet-to-be finalised proposal that LTAT plans on taking Boustead private at 80 sen per share.
PETALING JAYA: Diversified group Boustead Holdings Bhd is expected to continue seeing volatile quarterly results based on its historical volatile earnings trend, says Kenanga Investment Research.
The research unit said in its latest report that the group’s trading, manufacturing and pharmaceutical divisions were expected to show “pedestrian growth, ” but could deliver sustainable recurring incomes.
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