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Boustead
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Boustead on the move now
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Charity88
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08-Jun-2023 19:42
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https://www.straitstimes.com/business/cgs-cimb-upgrades-boustead-singapore-with-140-target-price 8 June 2023 CGS-CIMB has upgraded its call on Boustead Singapore, seeing the mainboard-listed engineering group as being hugely undervalued given its strong balance sheet, growing order book and accelerating earnings outlook. In a report released on Wednesday, analyst Ong Khang Chuen pinned a target price of $1.40 on the stock, representing a massive 73.9 per cent upside on its last closing price of 80.5 cents on Wednesday. He noted that Boustead' s second-half 2023 core profit after tax and minority interest (Patmi) grew 35 per cent year on year to $18 million, helped by stronger performance in its energy engineering and real estate segments, while the geospatial technology segment saw stable earnings despite forex headwinds. " Excluding exceptional items (one-off disposal gain, forex impact, etc), financial year 2023 core Patmi of $32 million was a slight miss versus our forecast of $35 million, mainly due to higher-than-expected start-up losses for its new Bideford Road property (which is under real estate segment)." the report said. In May, Boustead Singapore reported a 145 per cent increase in net profit for its second half, driven by higher revenue, interest income and other gains. Net profit for the six months ended March 31 rose to $22.7 million, from $9.3 million in the year-ago period. |
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governor
Member |
31-May-2023 10:02
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Wolf Money(portfolio update for end May 2023)part 1 Boustead Singapore related Meritocracy The word &ldquo Meritocracy&rdquo came from a combine of Latin word for Merit meaning &ldquo Mereo&rdquo , &ldquo I earned&rdquo and cracy in Ancient Greek suffix &ldquo Kratia&rdquo mean &ldquo power or rule&rdquo . Combine it together it mean &ldquo I earned the right to rule&rdquo The subject had been the focal point of the government recently. My commentary might not sit well for some but they are my general observation, no malice in my commentary. https://lonewolfinvestor.blogspot.com/2023/05/wolf-moneyportfolio-update-for-end-may.html?m=1 Wolf Money(portfolio update for end May 2023)part 2 Commentary The general mood of our local market was one of weakness in May due to on going uncertainty about US Congress ability to pass the bill for debt ceiling hike. A default on debt obligation by the US government is akin to an economic Maguire scoring an own goal coined by a Ghanaian MP. https://lonewolfinvestor.blogspot.com/2023/05/wolf-moneyportfolio-update-for-end-may_31.html?m=1 |
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tangsookiam1947
Master |
28-May-2023 19:31
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Boustead Singapore chairman and group CEO Wong Fong Fui says the company&rsquo s improved profitability in FY2023 is a promising sign that the worst of the pandemic is over. However, inflation, interest rates, volatile global economic conditions and geopolitics may continue to significantly impact overall business sentiments and reverse what has been achieved by the world in exiting the pandemic. &ldquo While our group has made a robust recovery in the past year by securing the highest amount of new contracts since the onset of the pandemic and marking the third-highest level in the past decade, we need to be prepared for more volatility and ensure our Group is strong enough to weather any storm,&rdquo he adds.
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tangsookiam1947
Master |
26-May-2023 23:24
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Boustead Singapore H2 net profit soars 145% to S$22.7 million amid higher revenueBoustead Singapore H2 net profit soars 145% to S$22.7 million amid higher revenue, Companies & Markets - THE BUSINESS TIMES
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tangsookiam1947
Master |
26-May-2023 22:24
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RNAV of Boustead should be close to $2?
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governor
Member |
26-May-2023 22:03
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Wolf Money(Boustead Singapore FY2023 result) |
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Everyday
Master |
25-May-2023 22:55
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FY2023 Highlights: Overall revenue for FY2023 was 16% lower year-on-year at S$284.0 million, attributable to lower revenue contributions from the Engineering & Construction (&ldquo E& C&rdquo ) Business in 1H FY2023 and lower revenue contributions from the Real Estate Business. Total profit for FY2023 was 63% higher year-on-year at S$18.5 million, mainly attributable to higher gross profit, other income, a one-off gain on disposal of a subsidiary of S$8.3 million and lower overhead expenses, partially offset by a share of loss of associates and joint ventures, higher finance expenses and higher income tax expense. At the end of FY2023, Boustead Projects Group (&ldquo BP Group&rdquo )&rsquo s financial position remained healthy, with cash and cash equivalents of S$177.7 million and total equity of S$401.0 million. The BP Group&rsquo s current order backlog (unrecognised project revenue remaining at the end of FY2023 plus the total value of new orders secured since then) stands at a healthy level of approximately S$402 million. The Board is proposing a final dividend of 0.7 cents per share and special dividend of 0.7 cents per share, subject to shareholders&rsquo approval. https://links.sgx.com/1.0.0/corporate-announcements/1G46I7ECLIF2A7EK/10040f4ef9f996ec37d3033faf579ea6c8af215dc2ed342e3081fa64ea04efe5 |
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governor
Member |
25-May-2023 21:36
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Wolf Money(Boustead Project FY2023 result)https://lonewolfinvestor.blogspot.com/2023/05/wolf-moneyboustead-project-fy2023-result.html |
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tangsookiam1947
Master |
02-May-2023 20:47
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What is the RNAV of Boustead? We know BP is worth well above $1.85...
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governor
Member |
27-Apr-2023 23:47
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Wolf Money(portfolio update end April 2023) Bai(拜 ) Sifu(师 父 )(seeking wisdom) In the age of internet, I haven&rsquo t pass a day without someone trying to sell me something. A course, insurance, collective investment scheme or a cause for donation and even ladies tummy tucking undergarments. https://lonewolfinvestor.blogspot.com/2023/04/wolf-moneyportfolio-update-end-april.html?m=1 |
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tangsookiam1947
Master |
20-Apr-2023 19:57
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Como Group builds first hotel in Singapore, to open by second half of 2023 https://www.straitstimes.com/business/como-group-builds-first-hotel-in-singapore-to-open-by-second-half-of-2023 SINGAPORE - Home-grown Como Group will open its first Singapore hotel later in 2023 just off Orchard Road. The lifestyle group created by luxury fashion retail doyenne Christina Ong will transform 30 Bideford Road, a mixed-use development on the site of the former Thong Sia Building, into the Como Metropolitan Singapore hotel and lifestyle space. To be called Como Orchard, the 19-storey building will also house a multi-label fashion store, a new wellness space and gourmet concepts by Michelin-starred restaurant chefs, said a Como Group spokesman, adding that negotiations with partners are ongoing. Como Orchard will be operated through a commercial lease from Bideford House, a subsidiary of Singapore-listed real estate company Boustead Projects. The group&rsquo s Como Hotels and Resorts also operates 16 properties worldwide, including Como Metropolitan London and resorts such as Como Point Yamu in Phuket and Como Maalifushi in the Maldives. Hotel owners are jostling to capture demand now that tourists and corporate travellers are returning to Singapore after the past years of pandemic restrictions hurt business. The old Hilton Singapore at 581 Orchard Road is now voco Orchard Singapore, a new brand by IHG Hotels & Resorts, while the Mandarin Orchard Singapore at 333 reopened early in 2022 as Hilton Singapore Orchard. Accor&rsquo s Pullman Singapore Orchard opened on Dec 1 at the site of the former Grand Park Orchard at 270 Orchard Road, while Vibe Hotel Singapore Orchard, an Australian brand operated by local hospitality management company Far East Hospitality, launched on Nov 3.
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governor
Member |
19-Apr-2023 18:29
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https://lonewolfinvestor.blogspot.com/2023/04/wolf-moneyboustead-singapore-update.html Wolf Money(Boustead Singapore update) This is my update report on Boustead Projects, now under Boustead Singapore. First and foremost, Just to set the tone of my discussion, Boustead Singapore is a decent company. I have invested in Boustead Singapore or Boustead Projects periodically during my career as a broker and I continue to invest in some occasion as a retailer investor after I left the industry 9 years ago. First the background, My latest involvement in Boustead Singapore came from selling Boustead Projects shares for Boustead Singapore shares amid the takeover offer for Boustead Projects so as to continue my investment journey with Boustead Projects via Boustead Singapore. Confusing? Read my previous blog. |
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governor
Member |
30-Mar-2023 22:04
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Portfolio update part 1 Titanic The year was 1997 when the movie ' Titanic' started its record breaking box office journey. This year is the 25th anniversary since the first screening of the movie. In my opinion, the movie is by far the best movie Hollywood had ever produced, the movie had everything going for it, a strong storyline, good emotion, breathtaking cgi, A list casts and great soundtracks, it was a mind bending experience watching the movie. https://lonewolfinvestor.blogspot.com/2023/03/wolf-moneyportfolio-update-for-end.html Portfolio update part 2 Boustead Singapore related Commentary Most markets had a volatile March due to SVB fallout and the blow up of Credit Suisse. SVB downfall was a classic case of mismanaging of risks. One been clients concentration risk(tech), the other been interest rate risk and liquidity risk sum up the situation. https://lonewolfinvestor.blogspot.com/2023/03/wolf-moneyportfolio-update-for-end-of.html |
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lifeisgood
Supreme |
24-Mar-2023 10:26
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CLSA has been selling down Boustead shares. Everytime I bought, the seller CLSA will mark it down . Dont know why the hell they are doing it. Maybe another M& A deal , this time involving privatising BSL itself coming? | ||
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lifeisgood
Supreme |
23-Mar-2023 11:17
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wondering whats the punishment for BP should BP fails to restore free float? |
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Joelton
Supreme |
23-Mar-2023 09:28
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Boustead Projects must restore free float, or make &lsquo fair and reasonable&rsquo exit offer: SGX Regco
THE Singapore Exchange Regulation (SGX Regco) said on Wednesday (Mar 22) that Boustead Projects : AVM 0% must restore its free float after its shares are suspended at the close of the takeover offer by its parent company Boustead Singapore : F9D +0.59%.
Otherwise, Boustead Projects would be directed to delist and provide an exit offer which is deemed fair and reasonable by an independent financial adviser, said the regulatory arm of Singapore&rsquo s bourse operator in the filing.
As at 6pm on Mar 21, Boustead Singapore had acquired 92.5 per cent of Boustead Project&rsquo s shares.
This leaves the public owning only about 7.5 per cent of shares. Under SGX&rsquo s free-float requirement, an issuer must ensure that at least 10 per cent of the total number of issued shares are held by the public.
Boustead Singapore&rsquo s offer closes on Monday (Mar 27).
The engineering services provider had announced on Feb 7 that it intended to privatise and delist its real estate subsidiary by buying over the company.
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maxlim3
Member |
17-Mar-2023 15:55
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They will try to grow slowly but not big big. After all, they are a relatively small company with prudent bosses. Vitnam is one growth area. Got to be super patient with this company. The near term growth engine will be the design, build and construction.
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lifeisgood
Supreme |
17-Mar-2023 09:42
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I believe Boustead will grow the property fund management big big. And when interest rates start falling later this year, it will plan a reit listing. Boustead will retain the property management arm, while spinning off the reit. Then will distribute the reit in-specie to Boustead shareholders. Just like what it did with Boustead Projects |
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maxlim3
Member |
16-Mar-2023 19:38
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Yes. Buying more tomorrow. I don see any reasons why i am not buy BS at current price. This is before the likely conclusion of the purchase. After acquisation, PE should drop and NBV up.
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lifeisgood
Supreme |
16-Mar-2023 16:22
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Boustead will be able to book a huge gain from the negative goodwill after this deal is concluded. Buy Boustead ! |
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