Shares & Derivatives
Boustead 3rd quarter 2012 result
By Investment Moats  •  February 14, 2012
Boustead is a company that is in my watchlist. Its in a net cash position, pays a safe 5-6% yield, diversified into 4 segments, energy related, water and waste water, industrial property and geo-spatial. If you like PEC, Hyflux, AREIT and Google Map roll into one, you will like Boustead. They just announced their 3rd quarter results so I thought I will break down some of the finer points.
  1. Net profit down 58% from the same time last year.
  1. This is attributed to the reduction in revenue from the Engineering Services Segment, due to the late start-up of projects in hand and an unexpected disruption in the supply chain caused by the catastrophic flooding at a subcontractor’s fabrication site in Thailand.
  2. However, the poor result was partly mitigated by a 14% increase in revenue from Geo-Spatial.
  3. In FY2011 there is a 67 mil sale of industrial leasehold property. This was ...
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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