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Boustead resuming uptrend? ....
Boustead, another stocks that previously trend very well. currently possible to resume uptrend. Can consider entry around $1.37, stoploss $1.32. mid term trade.
...Last done: $1.385...
Group together with consortium partner, GE Oil & Gas, secured contract from Brunei's national power producer, Berakas Power Co, to deliver a combined system that recovers waste heat from gas turbines, converting it into 14MW of extra net electricity without using fuel or water or producing additional CO2 emissions. Further contract details were not provided Orderbook backlog currently stands at $390m. As of its last earnings report (21 May), Boustead reported order book backlog of $378m. Based on Bloomberg consensus, 12-month TP of $1.80 for the stock implies a 29% upside based on its closing price of $1.3950.
Boustead Singapore, an infrastructure-related engineering services and geo-spatial technology group, posted a net profit of $27.7 million in its fourth quarter ended March 31, down 15% from the previous year. Profits were hurt by a fall in revenue from its water and wastewater engineering division. .... Last Done: $1.455...
Slow and steady! No stop to $2.
everyday up 2 , 3 cents.
huat ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
another thing is : stock price is 30+ cents , giving 8 cents dividend.
Quite odd.
risk is there. may be a trap.
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proposing.......
better wait for proposed.
the confirmed
can also consider TECHNICS OIL N GAS.... this one proposing 8 cents next quarter.
HI,
this laggard is moving.
cum CD of 3 cents. yield 5% leh.
Also fundamentally good... engineering with properties.
any reason that you can't buy??
Boustead.....90c breaking ceremony this week. =)