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In this third and final part of Boustead’s analysis, I will post the entire transcript of Boustead’s audiocast for FY 2010 results, and after that I will highlight some salient aspects of the company (coupled with insights from the recently obtained Annual Report for FY 2010) to shed some light on the future plans and prospects for Boustead. Note that the company’s AGM will be held on July 28, 2010 at 10 a.m. at its office at Starhub Green.
Part of the reason for the delay in coming up with Part 3 was because of the arrival of the Annual Report (“AR”) and the voluminous amount of facts contained within, which required some time to digest and for me to come up with some thoughts and comments. Note that the AR should be read in line with the audiocast transcript and the reader should also have some background knowledge of each division and sub-division of Boustead and its press releases in the past 1-2 years, in order to fully appreciate and understand the implications of the analysis. I trust that readers can gather this information from downloading the AR and news from either SGXNet or Boustead’s website at www.boustead.sg.
Note too that I have inserted my own thoughts and comments in brackets throughout the transcript and highlighted this in blue and square brackets [ ] for easy reference.
Boustead FY 2010 Audiocast Transcript
Question: I’d like to congratulate everybody on board for the effort in delivering such a respectable result. In fact, I think if we exclude the results from the sale of some of the assets, I don’t really see much of a trail-off at all (i.e. not much of a decline at all). Is that correct? Read more...