In Part 2 of Boustead’s review, I shall cover the divisional margins and also the plans and prospects for the Group, taking into account the recent interview with FF Wong as featured in Sep’s issue of The Edge Singapore. Note that much of the discussion will be based on plans and discussions which have yet to materialize, hence this material is meant to be informative rather than definitive. I would advise interested readers and investors to go through the actual articles and/or interviews (these can be found on Boustead’s website) to judge the content for yourself, if need be. Divisional Margin Analysis and Review The above table gives a very interesting snapshot of Boustead’s divisional margins for 1H 2011 versus 1H 2010. One can immediately see that for Energy-related Engineering, margins were adversely affected and had dropped to just 11.7% from 15.3% a year ago. So although revenues ......