You know you are investing in the right company if they have excellent management. A company with excellent management is able to weather the storm. This has to be Boustead, my favorite company in my stock portfolio.
What do I like about Boustead that stands out?
1. Asset Light Model
A shareholder in Boustead is not a beneficial owner of hard assets such as equipment, machinery and fabrication or manufacturing facilities. Instead, you are a beneficial owner of a renowned brand name that has thrived for 188 years on the basis of our strong values and reputation for credibility, integrity, quality, reliability and trust; – Wong Fong Fui, Chairman & Group Chief Executive Officer
2. Cash Flow Driven Business Model
Free cash flow of $110.0 million remains strong for Boustead. The cash flow driven business model (asset light) allows Boustead to weather the current headwinds. A final dividend of 2 cents was declared. This has proven they have no ......