Latest news with #BHIC
New Straits Times
7 days ago
- Business
- New Straits Times
Three senior board members exit Boustead Heavy Industries in governance shake-up
KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) has announced the resignation of three senior board members, marking a fresh round of leadership changes amid broader restructuring at the group level. According to filings with Bursa Malaysia, the departures involve Dr Salihin Abang, Izaddeen Daud and Saadatul Nafisah Bashir Ahmad, all of whom held multiple roles on the board. Dr Salihin stepped down as an independent non-executive director and relinquished his positions on the audit and risk committees. Saadatul vacated her seat on the board as well as the audit and nomination and remuneration committees. Izaddeen, a non-independent non-executive director, also resigned from the board. No reasons were given for the resignations and replacements have yet to be announced. The exits come as BHIC's parent company, Boustead Holdings Bhd, and its major shareholder, the Armed Forces Fund Board (LTAT), move forward with a broad restructuring agenda. Izaddeen was appointed group chief executive officer (GCEO) of Boustead Holdings in November 2022. BHIC's latest annual report indicates that he still holds the position, although Boustead Holdings' official website currently does not list a GCEO among its leadership team. In February, the government launched a new reform blueprint dubbed Project Earth, aimed at improving operational efficiency and productivity across LTAT and its portfolio of companies, including Boustead and BHIC. Project Earth replaces the earlier Project Moonshot, which was suspended in 2023 amid concerns over LTAT's financial stability. The previous plan sought to pare down Boustead's RM3.4 billion debt and divest its stake in six key subsidiaries.
New Straits Times
29-05-2025
- Business
- New Straits Times
BHIC narrows losses to RM5.2mil, revenue surges in Q1 2025
KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) narrowed its net loss to RM5.2 million in the first quarter to March 31 2025 from RM6.7 million a year ago. BHIC's revenue surged to RM44.5 million from RM19.1 million in the same corresponsing quarter in 2024, underpinned by key defence contracts. "The growth was largely driven by continued progress on the Royal Malaysian Navy's Submarine In-Service Support (ISS) 2 programme," BHIC said today. Its In-Service Support for theRoyal Malaysian Air Force's EC725 helicopters, alongside contracts for the supply, maintenance and training related to the navy's Bofors 40MM L70 gun, are expected to contribute to its financial performance. BHIC said the developments reflect its ongoing efforts to strengthen its position in the defence sector while broadening its revenue base. At the recent Langkawi International Maritime and Aerospace Exhibition 2025, BHIC marked a major milestone by signing strategic Memorandum of Understanding with Airbus Helicopters and framework agreements with PT Dirgantara Indonesia and IPTN North America Inc. "These collaborations aim to boost Malaysia's aerospace and defence capabilities and promote greater regional cooperation. "Our improved performance in Q1 FY2025,with a significant increase in revenue and narrowing of losses, demonstrates that we are moving in the right direction," said BHIC chief executive officer Feroz Razi Ramli. "The momentum, underpinned by ongoing defence contracts and strategic collaborations, reinforces our focus on delivering sustainable growth and long-term value under our #BOLD27 strategy," he added. BHIC remains optimistic yet cautious for 2025. To drive future business growth, the group has introduced #BOLD27 - a three-year strategy (2025-2027) focused on strengthening its core defence business while expanding into selected commercial sectors. The strategy prioritises sustainability, profitability and cash flow, aiming to reinforce BHIC's financial resilience and long-term value creation. "These initiatives form part of #BOLD27, BHIC's strategic drive to elevate regional defence collaboration, aerospace integration and industrial self-sufficiency through meaningful partnerships," it said.
Yahoo
22-05-2025
- Business
- Yahoo
Boustead Heavy Industries Corporation Berhad (KLSE:BHIC) Is Investing Its Capital With Increasing Efficiency
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. And in light of that, the trends we're seeing at Boustead Heavy Industries Corporation Berhad's (KLSE:BHIC) look very promising so lets take a look. Our free stock report includes 4 warning signs investors should be aware of before investing in Boustead Heavy Industries Corporation Berhad. Read for free now. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Boustead Heavy Industries Corporation Berhad is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.29 = RM32m ÷ (RM263m - RM155m) (Based on the trailing twelve months to December 2024). Thus, Boustead Heavy Industries Corporation Berhad has an ROCE of 29%. In absolute terms that's a great return and it's even better than the Machinery industry average of 7.3%. Check out our latest analysis for Boustead Heavy Industries Corporation Berhad Historical performance is a great place to start when researching a stock so above you can see the gauge for Boustead Heavy Industries Corporation Berhad's ROCE against it's prior returns. If you want to delve into the historical earnings , check out these free graphs detailing revenue and cash flow performance of Boustead Heavy Industries Corporation Berhad. It's great to see that Boustead Heavy Industries Corporation Berhad has started to generate some pre-tax earnings from prior investments. While the business is profitable now, it used to be incurring losses on invested capital five years ago. Additionally, the business is utilizing 44% less capital than it was five years ago, and taken at face value, that can mean the company needs less funds at work to get a return. This could potentially mean that the company is selling some of its assets. Another thing to note, Boustead Heavy Industries Corporation Berhad has a high ratio of current liabilities to total assets of 59%. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks. In the end, Boustead Heavy Industries Corporation Berhad has proven it's capital allocation skills are good with those higher returns from less amount of capital. And since the stock has fallen 53% over the last five years, there might be an opportunity here. So researching this company further and determining whether or not these trends will continue seems justified. On a final note, we've found 4 warning signs for Boustead Heavy Industries Corporation Berhad that we think you should be aware of. If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Boustead Heavy Industries Corporation Berhad (KLSE:BHIC) Is Investing Its Capital With Increasing Efficiency
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. And in light of that, the trends we're seeing at Boustead Heavy Industries Corporation Berhad's (KLSE:BHIC) look very promising so lets take a look. Our free stock report includes 4 warning signs investors should be aware of before investing in Boustead Heavy Industries Corporation Berhad. Read for free now. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Boustead Heavy Industries Corporation Berhad is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.29 = RM32m ÷ (RM263m - RM155m) (Based on the trailing twelve months to December 2024). Thus, Boustead Heavy Industries Corporation Berhad has an ROCE of 29%. In absolute terms that's a great return and it's even better than the Machinery industry average of 7.3%. Check out our latest analysis for Boustead Heavy Industries Corporation Berhad Historical performance is a great place to start when researching a stock so above you can see the gauge for Boustead Heavy Industries Corporation Berhad's ROCE against it's prior returns. If you want to delve into the historical earnings , check out these free graphs detailing revenue and cash flow performance of Boustead Heavy Industries Corporation Berhad. It's great to see that Boustead Heavy Industries Corporation Berhad has started to generate some pre-tax earnings from prior investments. While the business is profitable now, it used to be incurring losses on invested capital five years ago. Additionally, the business is utilizing 44% less capital than it was five years ago, and taken at face value, that can mean the company needs less funds at work to get a return. This could potentially mean that the company is selling some of its assets. Another thing to note, Boustead Heavy Industries Corporation Berhad has a high ratio of current liabilities to total assets of 59%. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks. In the end, Boustead Heavy Industries Corporation Berhad has proven it's capital allocation skills are good with those higher returns from less amount of capital. And since the stock has fallen 53% over the last five years, there might be an opportunity here. So researching this company further and determining whether or not these trends will continue seems justified. On a final note, we've found 4 warning signs for Boustead Heavy Industries Corporation Berhad that we think you should be aware of. If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
