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Boustead
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Boustead on the move now
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OngBak
Veteran |
06-Jan-2021 19:05
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Quietly crawling up.. waiting for big buaya 🐊 to come | ||||
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OngBak
Veteran |
06-Jan-2021 13:13
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Pick up some before special dividends..hehe
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tangsookiam1947
Master |
04-Jan-2021 21:20
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New Target likely to be at least $1.30 TP For Boustead. But BP still have many big recent properties not invested (e.g. Alice, Bradellel, Tampines, Razor HQ, etc). Hence, BP TP will be adjusted upwards again later on when subsequent batches of divesment materializes!!!
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superstartup
Elite |
04-Jan-2021 09:31
Yells: "Enjoy doing Fundamental Research" |
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Wait for CGS CIMB re-rating. Target price (1.20) issued in Nov yet to account for Boustead Project' s spin off of its assets, which Boustead Project just announced. (Be patience, just like Japfa. Got to wait a few days.) CGS CIMB Target Price for Boustead Singapore 17 Nov 2020 ADD 1.20 Reiterate Add with a higher TP of S$1.20 Reiterate Add as we expect strong earnings momentum to sustain into 2H21F. We raise our FY21-23F EPS by 7.1%-71.6% to reflect stronger profit assumptions from geospatial and energy segments. Our TP is raised to S$1.20, still based on a 20% discount to our SOP valuation at S$1.25/share. Maintain Add as we think Boustead' s valuation is undemanding at 10.5x FY22F P/E. The stock is backed by S$232m of net cash (S$0.48/share, or 61% of market cap) and stable dividend yield of 3.9%. Re-rating catalysts include further updates on Boustead Project&rsquo s potential REIT spin-off downside risks include weaker order wins for energy and property segments. |
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Ipoh123
Senior |
04-Jan-2021 09:12
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Brokeout, Cheong. | ||||
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Tryla888
Member |
01-Jan-2021 23:20
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Waaa... Gonna take a, relook on this one
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tangsookiam1947
Master |
01-Jan-2021 18:17
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Both BP and Boustead is going to spike on Monday. The Company is expected to recognise a gain on disposal of approximately S$136.1 million , being a net gain on the Proposed Divestment after deducting the professional and other fees and expenses in connection with the Proposed Transactions. About 44 cents NAV gain for BP. For boustead => NAV gain is about 15 cents. Boustead has net cash close to 50 cents. Plus this 15 cents => Total Net Cash 65 cents. Now trading at only 81 cents. Effectively, investor is only paying 16 cents (81 - 65) for geo-spatial, engineering segment and BP Also, this is not over because the newer properties (in BP) are still being nurtured and have not been divested. Hence, we will see more properties being divested over next few years!!
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governor
Veteran |
01-Jan-2021 17:49
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I am impressed. They done more in the past two days then what they had done in the last 10 years.
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Joelton
Supreme |
01-Jan-2021 12:37
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Boustead Singapore sells water solutions unit to Chip Eng Seng for S$7.3m
MAINBOARD-LISTED Boustead Singapore sold its wholly-owned water solutions subsidiary on Wednesday to Chip Eng Seng Corporation for about S$7.3 million.
Boustead Singapore, an infrastructure-related engineering and technology group, entered into a sale and purchase agreement to sell its entire stake in Boustead Salcon Water Solutions to Chip Eng Seng Construction.
Chip Eng Seng Construction is wholly owned by Chip Eng Seng Corp, which has businesses in civil infrastructure and construction.
Meanwhile, Boustead Salcon' s principal business activities are providing design, engineering and construction services for water and wastewater treatment plants, Boustead Singapore said in a bourse filing.
The disposal excludes two subsidiaries of Boustead Salcon. Boustead Singapore has entered into a buy back agreement with Boustead Salcon for these companies.
Boustead Singapore said the disposal will allow the group to redeploy the sale proceeds to other core businesses, as well as re-strategise and re-allocate its management and financial capital.
It does not expect the disposal to have any material impact on the group' s net tangible assets per share but the sale is expected to have a positive impact on the group' s earnings per share for the financial year ending March 31, 2021.
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governor
Veteran |
01-Jan-2021 10:31
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THE ESTABLISHMENT OF BOUSTEAD INDUSTRIAL FUND AND THE PROPOSED TRANSACTIONS (COMPRISING THE PROPOSED SUBSCRIPTION AND THE PROPOSED DIVESTMENT) https://links.sgx.com/FileOpen/BP_Announcement_The%20Establishment%20of%20Boustead%20Industrial%20Fund%20and%20the%20Proposed%20Transactions_31.12.2020.ashx?App=Announcement& FileID=644101 The sleeping giant had woken |
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tangsookiam1947
Master |
14-Nov-2020 18:46
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https://www.theedgesingapore.com/capital/results/boustead-singapore-reports-76-surge-1h-earnings-218-mil-stable-y-o-y-revenue-and https://repository.shareinvestor.com/rpt_view.pl/id/653af240d7f907a48a9a3ab101716edeac65515e47fbd46ef4ec8defd98dc43e/type/si_news Key highlights On a like-for-like basis, after adjusting for other losses net of non-controlling interests, impairment losses, a one-off legal settlement amount paid by Boustead Projects and grants received from the JSS, net profit for 1HFY2021 would have been 114% higher y-o-y. As at Sept 30, the group&rsquo s current order backlog stood at $650 million, lower compared to the order backlog of $789 million a year ago. Furthermore, the Geospatial Division had $100 million in deferred services backlog remaining at the end of 1H FY2021.To date, the group has been awarded some $146 million in new contracts. The net cash position (i.e. net of all bank borrowings) was boosted to S$231.7 million at the end of 1H FY2021, translating to a net cash per share position of 47.6 cents. In addition, the Group held S$39.6 million in investment securities at the end of 1H FY2021, of which about 20% of the amount is highly liquid. |
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tangsookiam1947
Master |
13-Nov-2020 19:32
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A very good set of results by Boustead. Half year already earned 4.5cents (which included the full impact of COVID!!!), bearing in mind that Boustead owns 53% of Boustead Project which had reported a slight loss for 1H/2021. The worst should be over for Boustead Project. BP&rsquo s management had guided that the full year profit for BP should be positive!!! Imagine the overall positive impact on Boustead, if BP which usually contributed the bulk of Boustead&rsquo s revenue and profit, turns positive for full year 2021. Full year profit for Boustead may cross 10 cents. Net cash is close to 50 cents (as of 1H/2021). just too cheap to be ignored. Mr Market will soon recognize its " undervaluedness" soon (like iFast, SCI.....) |
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TikTalk
Supreme |
24-Oct-2020 11:58
Yells: "E19 B64 C17" |
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I queued at 62 cents on 1st July for this counter only to have a partial filled. Quite illiquid. | ||||
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tangsookiam1947
Master |
05-Oct-2020 20:59
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https://sginvestors.io/sgx/stock/f9d-boustead/share-price-history another 220 lots bought back today... |
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tangsookiam1947
Master |
04-Oct-2020 18:40
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look at the aggressive share buyback in recent weeks (since 15 Sept 2020). https://sginvestors.io/sgx/stock/f9d-boustead/share-price-history
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tangsookiam1947
Master |
04-Oct-2020 18:38
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FY3/20 in-line core NP (+34% yoy) at 100% of our forecast. Strong growth in geospatial and energy segments offsets property segment weakness. ■ We expect both geospatial and energy segments to maintain growth in FY21F on the back of steadfast demand and strong order backlog. ■ Reiterate Add and SOP-based TP of S$1.00. Valuation undemanding at 10.2x FY22F P/E, backed by net cash position and dividend yield of 4.2%. Reiterate Add and TP of S$1.00 Nevertheless, given stronger earnings contributions from the geospatial and energy segments, we keep our TP of S$1.00, still based on a 20% discount to our SOP valuation at S$1.25/share. Maintain Add as we think Boustead' s valuation is undemanding at 10.2x FY21F P/E. The stock is backed by S$163m of net cash (S$0.33/share) and stable dividend yield of 4.2%. Re-rating catalysts include further updates on Boustead Project&rsquo s potential REIT spin-off downside risks include weaker margins. https://research.sginvestors.io/2020/07/boustead-singapore-cgs-cimb-research-2020-07-14.html |
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tangsookiam1947
Master |
03-Oct-2020 11:50
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Again massive share buyback - seems that 69 cents is the floor price !! Boustead should be primed for move soon . Next 6 to 12 months will be interesting |
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tangsookiam1947
Master |
26-Sep-2020 09:51
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Share buyback again at 69 cents !!! | ||||
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tangsookiam1947
Master |
17-Sep-2020 20:32
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Share buyback again today at 69 cents !!!
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tangsookiam1947
Master |
17-Sep-2020 12:53
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FF Wong doesn' t own enough to delist yet ... this company is very very undervalued ... |
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