Boustead’s new boss to tackle challenges head on

AFTER incurring three consecutive years of net losses, Boustead Holdings Bhd, which is majority owned by the Armed Forces Fund Board (LTAT), still continues to find itself in turbulent waters.

LTAT on strategic transformation of assets

LEMBAGA Tabung Angkatan Tentera (LTAT), which scuttled the potential privatisation of Boustead Holdings Bhd, said the change of events were the primary reason why it abandoned the takeover deal.

Uncertainties forced LTAT to scrap Boustead privatisation

KUALA LUMPUR: Lembaga Tabung Angkatan Tentera (LTAT) decided to scrap the privatisation of Boustead Holdings due to prolonged uncertainties of Covid-19 pandemic and its effects on the key business and also the littoral combat ships (LCS) issue.

The week that was - LTAT takeover, factory output, Bursa trading

Longer Boustead restructuring likely

Firm to focus on value creation upon privatisation lapse

Tech stocks hold on to gains, gloves lose grip

KUALA LUMPUR: Chip makers and tech-related stocks held on to most of their gains at the close on Wednesday as sustained interest was buoyed by the strong demand for chips.

Semicons, tech stocks trade higher, gloves slip

KUALA LUMPUR: Blue chips rose in early Wednesday trade amid a steady broader market after foreign funds stepped up their buying the previous day.

Quick take: Boustead skids after LTAT scraps privatisation plan

KUALA LUMPUR: Shares of Boustead Holdings Bhd tumbled over almost 17% in early trade Wednesday after Lembaga Tabung Angkatan Tentera (LTAT) called off its plan to take the former private.

Trading ideas: Boustead, Bursa Malaysia, Bintai Kinden, TCS, Willowglen

KUALA LUMPUR: Boustead Holdings Bhd, Bursa Malaysia Bhd, Bintai Kinden Corp Bhd, TCS Group Holdings Bhd, Willowglen MSC Bhd and T7 Global Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.

LTAT scraps plan to privatise Boustead

Boustead deal scuttled due to uncertainties and challenges arising from Covid-19 pandemic