Boustead
Last:1.98
+0.01
Boustead on the move now
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921-940 of 954
breaking out today. may cont to trend higher
spore1 ( Date: 17-Feb-2014 08:42) Posted:
Boustead may cross over 1.735
New123 ( Date: 05-Jan-2014 17:19) Posted:
| update for Boustead http://sporeonlines.blogspot.sg/2014/01/boustead.html
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seems not able to breakout 1.735 convincingly . may retreat a little
spore1 ( Date: 17-Feb-2014 08:42) Posted:
Boustead may cross over 1.735
New123 ( Date: 05-Jan-2014 17:19) Posted:
| update for Boustead http://sporeonlines.blogspot.sg/2014/01/boustead.html
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Boustead may cross over 1.735
New123 ( Date: 05-Jan-2014 17:19) Posted:
| update for Boustead http://sporeonlines.blogspot.sg/2014/01/boustead.html
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Boustead Q3 falls 30% to $18.4m
BOUSTEAD Singapore posted on Thursday a 30 per cent fall in net profit for the fiscal third quarter, due to the absence of a one-off gain in the year-ago period.
Net profit for the three months ended Dec 31, 2013, stood at $18.4 million, down from $26.2 million in the same period a year ago.
Boustead said in the third quarter of the previous fiscal year, the company had booked a $5.8 million gain on disposal of an available-for-sale investment. The same quarter also included a $3.3 million income tax refund.
Revenue for the third quarter of fiscal 2014 fell 8 per cent to $130 million. But cost of sales fell by a higher percentage of 15 per cent to $80.5 million. As a result, gross profit for the period was lifted by 6 per cent to $49.2 million.
| Poised for further recovery after bullish break |
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By Philip Teo, OCBCPoised for further recovery after bullish break Key supports are intact.
Boustead Singapore could see more upside ahead after rebounding off both its $1.62 key support and 6-month uptrend support recently this was followed by a bullish break above its 3-month downtrend resistance on heavy volume yesterday.
Indicator turning bullish.
The MACD has just initiated a bullish crossover, as well as climbing back above the centerline this suggests that the upside momentum has been renewed.
Target price at $2.
The counter could recover further towards the next key resistance at $2 (key psychological level) in the weeks ahead.
Stop loss level at $1.58.
Meanwhile, we advocate a stop-loss exit around $1.58, which is slightly below the firm horizontal support of $1.62.
...last:$1.685... |
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Boustead may attempt to go up
New123 ( Date: 05-Jan-2014 17:19) Posted:
| update for Boustead http://sporeonlines.blogspot.sg/2014/01/boustead.html
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may continue to head higher.
New123 ( Date: 05-Jan-2014 17:19) Posted:
| update for Boustead http://sporeonlines.blogspot.sg/2014/01/boustead.html
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update for Boustead http://sporeonlines.blogspot.sg/2014/01/boustead.html
ANYONE KNOWS THE MATCHING FORMULA?
edwinjup ( Date: 27-Nov-2013 07:24) Posted:
Sgx carried out two matching session daily..at 858 and 1704 ..so u still can trade share after five..but price is depend on matching.eg..if I short bousteadin morning and want to.cover back
.I can.put. $1.80 to buy back but matching is. $1.75..so I pay $1.75...but if I wan to sell last mins and put $.165 to sell..I will get $1.75 as well..check with your broker for.details...
Salute ( Date: 26-Nov-2013 19:35) Posted:
what kind of scenario is this
5pm closed at 1.67, after 5pm 60 trades ttl 256lots sold down to $1.75 though there were sellers at $1.78
who are allowed to sell after 5, and who so eager to buy at $1.75?
anyone can explain? |
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BOUSTEAD SINGAPORE (BOCS SP)
Locking Down On Selected Growth Engines
VALUATION
Boustead Singapore (Boustead) is trading at forward PE of 14.1x and P/B of 2.6x. ......................(WST: My opinion is....... not cheap now......over 1 yr raise up by more than 60%)
Based on Bloomberg, the consensus 12-month target price is S$1.99.
INVESTMENT HIGHLIGHTS
Focuses on sustainable businesses in niche infrastructure that forms the
backbone of economies. The group?s four main divisions are: a) industrial real
estate solutions (50% of group revenue), b) energy-related engineering (25%), c)
geo-spatial technology (20%), and d) water and wastewater engineering (5%).
While these markets are not considered large, the attraction lies in the high barriers
to entry due to the highly-specialised nature of each segment. Boustead holds
strong market positions and/or competitive advantages in each division.
Building an industrial leasehold portfolio for future unlocking. Under the real
estate division, Boustead?s services include industrial design-build-and-lease
solutions. In the last five years, management has refocused its strategy into
accumulating more leasehold properties to grow its recurring income stream and to
eventually unlock the portfolio?s value through a REIT. Management estimates
rental income and profit before tax of S$20m and S$10m in FY14 respectively. It
currently holds 14 properties (10 completed, 4 under construction) with a total GFA
of over 160,000sqm. It aims to build this to over 300,000sqm to gain sufficient size
for a REIT listing.
Energy pre-tax margin has bottomed expect a recovery going forward on the
back of the upturn in North America?s oil & gas (O& G) industry. Boustead?s energy
division has secured S$140m of new contracts ytd in FY14 (FY13: S$111m) and
currently has an orderbook backlog of S$171m to be recognised over 18 months.
Some 75-80% of this division?s business comes from supplying two types of heater
systems to downstream O& G and petrochemical players ? process heater systems
and waste heat recovery units (WHRU). WHRU has shown good growth potential
given its energy-efficiency capabilities and adaptability to other industrial sectors,
such as power. The division?s pre-tax margin is about 10%.
Dominance in geo-spatial technology with widely-adopted Esri geographic
information system (GIS) among governments and government agencies. Boustead
is the exclusive distributor of GIS in Australia and South Asia (Singapore, Malaysia,
Indonesia, Brunei, Bangladesh and Timor-Leste). It holds an aggregate 80% share
of the markets it covers and management forecasts a sustainable high single-digit
revenue growth, driven by new contracts and system upgrades. In Singapore, the
URA recently signed a 2-year MOU with Esri that will allow the government agency
to apply 3D technology to its urban planning process.
Risks include a lack of new contract wins and available industrial properties, lowerthan-
expected margins, execution and political risk.
KEY FINANCIALS
Year to 31 Mar (S$m) FY11 FY12 FY13 1HFY13 1HFY14
Net Turnover 560.6 408.7 513.2 225.6 242.0
EBITDA 77.7 76.9 103.9 36.7 39.5
EBIT 74.2 72.8 98.6 34.4 35.7
Net Profit 52.2 55.6 81.4 27.5 26.7
EPS (cts) 10.3 11.0 16.1 5.4 5.3
PE (x) 9.7 7.9 9.1 - -
P/B (x) 2.2 1.7 2.5 - -
Dividend Yield (%) 4.0 5.8 3.4 - -
Net Margin (%) 9.3 13.6 15.9 12.2 11.0
Net Debt to Equity (%) n.a. n.a. n.a. n.a. n.a.
Interest cover (x) 121.0 86.1 84.3 51.9 109.8
ROE (%) 23.6 23.0 29.3 - -
Source: Boustead, Bloomberg, UOB Kay Hian
SCB reiterating its Outperform rating on Boustead with a new price target of $2.02 ($1.26 previously), which partially reflects the valuation upside of Boustead spinning off its property portfolio into a REIT. Believe Boustead may accelerate this plan, as management indicated it is open to acquiring existing properties, or partnering with another company with an industrial property portfolio to form a REIT. Base on the house SOTP, its net cash and property portfolio already makes up ~43% of its market cap.
thank you
Sgx carried out two matching session daily..at 858 and 1704 ..so u still can trade share after five..but price is depend on matching.eg..if I short bousteadin morning and want to.cover back
.I can.put. $1.80 to buy back but matching is. $1.75..so I pay $1.75...but if I wan to sell last mins and put $.165 to sell..I will get $1.75 as well..check with your broker for.details...
Salute ( Date: 26-Nov-2013 19:35) Posted:
what kind of scenario is this
5pm closed at 1.67, after 5pm 60 trades ttl 256lots sold down to $1.75 though there were sellers at $1.78
who are allowed to sell after 5, and who so eager to buy at $1.75?
anyone can explain? |
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Marriage deal? DMA CFD traders also can deal during pre closing. Agree it seems strange. Wait see what happen tomorrow. Won't be letting go this stock no matter what though since bought at low price and now is CD time.
This is one of my best investment. Steady growth.
what kind of scenario is this
5pm closed at 1.67, after 5pm 60 trades ttl 256lots sold down to $1.75 though there were sellers at $1.78
who are allowed to sell after 5, and who so eager to buy at $1.75?
anyone can explain?
Pleasant surprise at the closing! Intra day at one stage like going below 1.61. Regret didn't buy more few months back at 1.35. Wasted,
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Posted by Andy Yew
Boustead posts 45% rise in Q1 net profit to $17.7 milBoustead Singapore reported net profit for the first quarter ended June 30 rose 45% to $17.73 million compared to last year. The increase was backed by higher other operating income. Earnings per share came in at 3.5 cents, up from 2.4 cents.
Revenue for the quarter increased 14% to $128.66 million from $113.35 million.
Other operating income, which included a $5.58 million gain on sale of assets held for sale, and $2.48 million worth of fair-value adjustments on foreign exchange contracts and held-for-trading investments, increased to $9.09 million from $1.59 million.
...Last Done: $1.370...
hit 1.42 liao....
