| 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 | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
| 1 | Revenue | 2,188,700 | 1,513,900 | 6,001,500 | 4,492,000 |
| 2 | Profit/(loss) before tax | 167,100 | 153,700 | 585,900 | 474,200 |
| 3 | Profit/(loss) for the period | 144,300 | 124,600 | 501,800 | 390,200 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 120,900 | 91,900 | 418,300 | 328,600 |
| 5 | Basic earnings/(loss) per share (Subunit) | 12.86 | 9.83 | 44.49 | 35.34 |
| 6 | Proposed/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 | ||||
| 7 | Net 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 | Qtr | Period End | Revenue RM '000 | Profit/Lost RM'000 | EPS | Amended | ||||||
| 21-Nov-11 | 31-Dec-11 | 3 | 30-Sep-11 | 2,188,700 | 144,300 | 12.86 | - | ||||||
| 18-Aug-11 | 31-Dec-11 | 2 | 30-Jun-11 | 2,225,300 | 223,000 | 19.70 | - | ||||||
| 27-May-11 | 31-Dec-11 | 1 | 31-Mar-11 | 1,587,500 | 134,500 | 11.93 | - | ||||||
| 25-Feb-11 | 31-Dec-10 | 4 | 31-Dec-10 | 1,689,800 | 234,700 | 22.22 | - | ||||||
ttm-EPS 66.71 sen
Price RM 5.38
Trailing PE 8.1 x
Share Price Performance | ||||||||||||||||||||||||||||||||
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23.11.2011
Price RM 5.370
PE 8.04x
DY 5.96%
Market Cap RM 5,048.7m
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