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



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