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ECONOMY
STRATEGY
clcl RESILIENT, DIVERSE
Given the Boustead Group’s track record and its recent acquisition drive, it comes as little surprise that it is one of Malaysia’s most diversified conglomerates.
Tan Sri Dato’ Lodin Wok Kamaruddin
Deputy Chairman/Group Managing Director, Boustead Holdings Berhad (Boustead Group)
“The economic depression of 2008–2009 had widespread impact on the global economy and we, too, felt the ripples of this financial crisis. However, banking on our diversity with multiple streams of businesses, we have weathered this uncertain period and emerged as a stronger participant in the Malaysian economy. In fact, we recorded a profit in excess of RM668 million and revenue
earned during 2009 was RM5 billion and profit in excess of RM400 million. Additionally, the quarter-on-quarter results for the first 3 quarters of 2010 also showed significant improvement,” notes Tan Sri Dato’ Lodin Wok Kamaruddin, Deputy Chairman/Group MD, Boustead Group.
Founded in Singapore in 1828, Boustead & Co. was listed on the Kuala
assumed its present name Boustead Holdings Berhad in 1966. With its business branched out into various sectors and activities—plantation, heavy industries, property, finance and investment, trading and manufacturing and services—the company has its presence firmly established in the domestic market as well as in Taiwan, Korea, Indonesia and Ghana.
MILESTONES ACHIEVED
strategic expansion and acquisition of new ventures and businesses, has been able to capture both regional and
another feather to its cap through its
recent acquisition of the country’s largest integrated pharmaceutical
synergistic acquisition, given that the Group is already involved in the healthcare sector and with the rising per capita income of Malaysians, this sector holds much potential in terms of contributing to the Group’s bottom line.
a pioneer shareholder and key proponent of the University of
campus was established in the year 2000 and is the first branch of a British university to have been set up in Malaysia.
Boustead Holdings Berhad recorded a profit in excess of RM400 million in 2009.
Another division that is actively involved on the global front is the heavy industries division, driven primarily by Boustead Naval Shipyard Sdn Bhd and Boustead Heavy Industries Corporation Berhad. In fact, the acquisition and the successful turnaround of the naval dockyards has made this Group one of the largest shipbuilders and providers of services for the maintenance of commercial
takes pride in being the first Islamic plantation real estate investment trust (REIT) through the listing of the Al- Hadharah Boustead REIT.
CORE STRENGTHS
Given the Group’s mixed portfolio of investments and strong income streams, its core strength lies in its active involvement in key segments of the Malaysian economy.
“In addition, we are engaged in high value creation and robust sustained earnings, which facilitate the emergence of opportunities for cross- fertilisation within the Group. Over the years, we have reiterated the need for effective and efficient strategies as the means to achieve tangible results. At the heart of the Boustead Group’s success story lies a huge pool of strong talent that facilitates the growth of the company across the varied business divisions,” adds Tan Sri Dato’ Lodin Wok Kamaruddin.
FUTURE PLANS
Even as most parts of the world are recovering from the aftereffects of the economic meltdown, the future definitely looks bright for the Boustead
massive, though strategic, acquisition drive, and in the coming years, it is expected to unlock further value from its existing investments while exploring new opportunities.
“We also aspire to maintain our pole position in the sectors, be it plantation, property, pharmaceutical and other areas of which the Group is actively involved in. Both organic and inorganic growth will be our rally call to drive earnings,” adds Tan Sri Dato’ Lodin Wok Kamaruddin, exuding confidence for the future ahead.
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