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Only Boustead Holding being privatised. Not the plantation company. Totally two different entities. Not impacted on Boustead Plantation. It will indirectly benefit BPlant bcos once the restructuring of the other arms are done, they may relist it back or the whole group will be more effective and efficient.
Dunno why profit taking so heavily for this counter. My two cent is that since the palm oil CPO is high, the plantation will need to order lots of fertilizer from this counter to fulfill overwhelming demand. i keep this for the next QR.
I wonder if they will post good results or not this quarter bcos they have export markets, Australia east coast especially Melbourne n New Zealand was on lockdown last quarter. This Quarter Europe n UK. Wonder why the share dropped? Hopefully they will give special dividend this year, too.
