Boustead    Last:1.04   -

Boustead on the move now

Boustead: Secured $23m in contracts from O& G and petrochem industries. They involve the production and construction of largescale process systems for refineries and gas processing plants…

This is on the back of sustained recovery of crude oil prices and with OPEC set to cut supply (according to Oil Movements), prices could remain at a relatively higher level for 2H11. This brings the contracts secured by their Energy-Related Engineering division to over $55m for FY12. Overall, the group has secured over $220m in contracts since January. Their order book backlog stands at $275m…
LowXuYang: Stock currently trades at 9.7X P/E. Recommendations two weeks ago from KE was Buy with TP$1.36 and DBSV was Neutral with TP$1.10.

 

Boustead Singapore Limited  announced that its Energy-Related Engineering Division has recently secured approximately S$23 million in contracts from the oil & gas and petrochemical industries.

http://sgsharemarket.com/home/2011/06/singapore-company-highlights-17062011/?=Boustead

 

 

Yup. I think so too! If you can see $1.06. take profit ....

des_khor      ( Date: 31-May-2011 07:31) Posted: Don't listen to MFT !! They will send you to Holland !!

 

Don't listen to MFT !! They will send you to Holland !!

 

buy call @ $1.36 as per kim eng today (read more)

 

Good dividend yield: 7 cts per share (incl 2 cts interim paid) or 6.73% based on share price of $1.04. If the charging of allowance for doubtful receivables ($11.368m) & provision for cash at risk ($2.444m) are credited back in  fy '12 (1/4/11 to 31/3/12), there will be positive impact on EPS.

 

i was looking at chartnexus a minute ago, saw the 3-year candlestick, apparently it had hit an all time high of $2.50 before the financial crisis....

 

wow, am pleasantly surprise by the promising start of trading today

 

unlikely

New123      ( Date: 26-May-2011 23:31) Posted: Tks! Tmr may see its prices rises to $1.05... 5 cents dividends...for final + special... Salute      ( Date: 26-May-2011 21:47) Posted: Sorry New123, too many postings and I missed your question. Anyway, my post on 1/3/11 had quite good comment about the company. my last bought 20lots a few months ago was at an ave  of $1.02. This shares only jump 3 to 4 times a year, not more than 15cts. depends too, if you bought it below 90cts long ago, it's will be > 20 cts if it goes beyond $1.10. They are cash rich, the shareholders kept asking him when is he going to give out more cash to us. a total of ard 7% yearly dividend, it's one of the highest Div  pay out company. bsiong and jcho, thanks to your update.

 

will be interesting to see how the market will react today

 

5% dividend if we buy now is quite attractive, i saw the FY2011 report, it has done well but the 4th quater's results got battered because of the write down from the libyan crisis... might considering entering @ $1 or 99cents....

 

Tks! Tmr may see its prices rises to $1.05... 5 cents dividends...for final + special...

Salute      ( Date: 26-May-2011 21:47) Posted: Sorry New123, too many postings and I missed your question. Anyway, my post on 1/3/11 had quite good comment about the company. my last bought 20lots a few months ago was at an ave  of $1.02. This shares only jump 3 to 4 times a year, not more than 15cts. depends too, if you bought it below 90cts long ago, it's will be > 20 cts if it goes beyond $1.10. They are cash rich, the shareholders kept asking him when is he going to give out more cash to us. a total of ard 7% yearly dividend, it's one of the highest Div  pay out company. bsiong and jcho, thanks to your update.

 

Sorry New123, too many postings and I missed your question. Anyway, my post on 1/3/11 had quite good comment about the company.

my last bought 20lots a few months ago was at an ave  of $1.02.

This shares only jump 3 to 4 times a year, not more than 15cts. depends too, if you bought it below 90cts long ago, it's will be > 20 cts if it goes beyond $1.10. They are cash rich, the shareholders kept asking him when is he going to give out more cash to us.

a total of ard 7% yearly dividend, it's one of the highest Div  pay out company.

bsiong and jcho, thanks to your update.

 

Announcement: Financial Results For FY2011 Ended March 2011

 

Is it good time to accumulate this counter. Seems going up ...Is this company lead by a team of good management?

Salute      ( Date: 01-Mar-2011 10:48) Posted: such is a good company(have  been keeping  it for donkey years. they update for the shareholders the latest status, bad but how bad, now we know. Boustead has lots of wise investment, the loss in Libya investment don't seem that bad. It not blue chip but I have treated it as blue chip, steady and good dividend. Bad silly me, got somemore just before Libya's revolting. If I have cash, I would buy back somemore. now, mo lui liao.  bsiong      ( Date: 01-Mar-2011 09:33) Posted: Boustead Singapore says the financial exposure of the company to all its projects in Libya is between $15.5 million and $39.6 million. This range takes into account all receivables and loans due from the Libyan joint venture (JV) company and its clients, all contingent liabilities and cash balances in Libyan bank accounts. Boustead says the company will continue to be profitable in the current financial year and maintain a strong balance sheet given the strong performance in all its other businesses.  Since the beginning of 2011, the company has been awarded a variety of projects totalling $55 million and its order book now stands at $246 million. The company is also expected to maintain its normal dividend payouts as compared to the last financial year.   /theedge/

 

Boustead Singapore says its wholly-owned subsidiary, Boustead Projects, the specialist in industrial real-estate solutions, has been awarded two contracts worth a total of $72 million.

One is a $17 million contract to design-and-build contract for an integrated high-tech production and R& D centre located at Tukang Innovation Park in Singapore.

The other is a $55 million contract with SDV Logistics to design, construct and develop an integrated logistics facility for the company.

 

such is a good company(have  been keeping  it for donkey years. they update for the shareholders the latest status, bad but how bad, now we know.

Boustead has lots of wise investment, the loss in Libya investment don't seem that bad. It not blue chip but I have treated it as blue chip, steady and good dividend. Bad silly me, got somemore just before Libya's revolting. If I have cash, I would buy back somemore. now, mo lui liao. 

bsiong      ( Date: 01-Mar-2011 09:33) Posted: Boustead Singapore says the financial exposure of the company to all its projects in Libya is between $15.5 million and $39.6 million. This range takes into account all receivables and loans due from the Libyan joint venture (JV) company and its clients, all contingent liabilities and cash balances in Libyan bank accounts. Boustead says the company will continue to be profitable in the current financial year and maintain a strong balance sheet given the strong performance in all its other businesses.  Since the beginning of 2011, the company has been awarded a variety of projects totalling $55 million and its order book now stands at $246 million. The company is also expected to maintain its normal dividend payouts as compared to the last financial year.   /theedge/

 

Boustead Singapore says the financial exposure of the company to all its projects in Libya is between $15.5 million and $39.6 million. This range takes into account all receivables and loans due from the Libyan joint venture (JV) company and its clients, all contingent liabilities and cash balances in Libyan bank accounts.

Boustead says the company will continue to be profitable in the current financial year and maintain a strong balance sheet given the strong performance in all its other businesses. 

Since the beginning of 2011, the company has been awarded a variety of projects totalling $55 million and its order book now stands at $246 million. The company is also expected to maintain its normal dividend payouts as compared to the last financial year.

 

/theedge/

 

 

sad that it's affected, a sound company all the while.

bsiong      ( Date: 22-Feb-2011 09:57) Posted: Boustead Singapore Limited  announced that the Company has initiated the total evacuation of its 31 non-Libyan staff – mainly Singaporeans and Malaysians – operating in Libya. In light of the recent reports of demonstrations and violence in several major cities in the eastern region of Libya , the Company feels that it is imperative to secure the safe return of the Boustead Staff as their safety is paramount. Due to the current uncertainty of the situation in Libya, the Company is presently unable to ascertain to what extent, if any, the completion of the Township Project will be affected.  The Company will make additional announcements as and when there are further developments.

 

Boustead Singapore Limited  announced that the Company has initiated the total evacuation of its 31 non-Libyan staff – mainly Singaporeans and Malaysians – operating in Libya. In light of the recent reports of demonstrations and violence in several major cities in the eastern region of Libya , the Company feels that it is imperative to secure the safe return of the Boustead Staff as their safety is paramount. Due to the current uncertainty of the situation in Libya, the Company is presently unable to ascertain to what extent, if any, the completion of the Township Project will be affected.  The Company will make additional announcements as and when there are further developments.