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jsphnteo Member	03-Apr-2007 08:06        jsphnteo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi, does anyone who what is the target price now for Boustead?
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musicwhiz5 Senior	02-Apr-2007 18:22        musicwhiz5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Boustead closed at $1.93 today. I see this as a $2 company in time to come. Salcon is uniquely positioned for good growth and competitive advantage and we shall see this being crystallized in FY 2008. Waiting for results release in May 2007. :)
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stocker2007 Member	30-Mar-2007 16:01        stocker2007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Moving up very fast. Must be some good news coming.
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stocker2007 Member	13-Mar-2007 21:27        stocker2007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	creeping up slowly as the financial result 2007 closing in... probably a couple of big contracts will follow along. It should not have difficulty crossing $2 within the next half year.
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stocker2007 Member	22-Feb-2007 22:35        stocker2007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Boustead's Salcon could lure big fish soon By VEN SREENIVASAN Email this article Print article Feedback MAINBOARD-LISTED Boustead Singapore said last November that its wholly owned subsidiary Salcon Pte Ltd had been awarded a $25 million contract by the Public Utilities Board (PUB) to design and build Phase II of the Bedok NEWater plant. The plant will increase production capacity by 55,000 cubic metres per day, taking total capacity up to 87,000 cu m per day. Upon completion in the second quarter of 2008, it will be PUB's largest NEWater facility owned. The November 2006 announcement was hardly noticed by the market. But that is not surprising, because Boustead is better known for its energy engineering and industrial parks businesses, which together account for about 75 per cent of its order book of more than $400 million. In the energy sector, Boustead has made a name for itself as a leader in the design, process engineering and construction of equipment for refineries and petrochemical processing plants. It is also involved in numerous bio-diesel start-ups in Asia. Boustead has also made its mark in the industrial parks and geo-spatial businesses, with its build operate-transfer and sale-and-leaseback of customised high-tech buildings. Both yield high returns, and the latter also offers potential for conversion into Reits (real estate investment trusts). But while industrial parks and energy account for the bulk of Boustead's earnings, it is the company's water and wastewater engineering unit Salcon that could emerge as its star performer in the not-too-distant future. Set up in 1980, Salcon is the leading international water and wastewater engineering specialist in Asia ex-Japan. With an order book of more than $100 million, it is the only Asian pre-qualified vendor outside Japan to some of the world's largest engineering, procurement and construction firms, including MNCs like Bechtel, Foster Wheeler, Hitachi Plant Engineering, Hitachi Zosen, Hyundai Engineering, Mitsui Engineering, Samsung Engineering and Simon-Carves. To date, Salcon has designed and built more than 500 industrial and municipal water and wastewater treatment plants in almost 60 countries. It has also constructed seven seawater desalination plants around Asia, including one for Senoko Power Station in Singapore. It is already a seasoned player in China, having completed 68 projects in various cities and provinces since 1990, including 25 industrial projects for MNC clients like Taiwan Semiconductor Manufacturing and Matsushita. In 2005, it shifted its base from Shanghai and Beijing to the water-short Beijing satellite city of Tianjin, where demand for waste water and waste recovery systems is expected to remain strong even after the 2008 Olympics are over. Salcon's reputation, track record and expertise have enabled it to pursue lucrative projects in Africa and the Middle East in recent years, as clean water has emerged as the single biggest challenge for many countries. Even as its El Hadba sewage treatment plant in Libya nears completion, Salcon is poised to clinch several new desalination projects in places like Saudi Arabia and Qatar. What gives Salcon the edge over its competitors is technology. For example, at the Bedok NEWater plant, it is using the latest-generation highly crystalline polyvinylidene fluoride micro-filtration membranes and the world's first commercial 16-inch reverse osmosis membranes - technology that means the plant can operate more energy-efficiently and cost-effectively than those using conventional 8-inch reverse osmosis membranes. The global clean water market of some US$365 billion is served by a fragmented supply side comprising scores of smallish companies. The inevitable consolidation is already beginning, with the big boys buying up smaller but successful players via mergers and acquisitions. Giants like GE, Siemens, Vivendi and Pentair have coughed up some US$20 billion to gobble up smaller fish in the past five years. Salcon, with its strong technology base and blue-chip client list, will in time look tantalising for some of these big boys. And if the recent purchase of Boustead's listed subsidiary by Raffles Education group is any indication, there could - in time - be suitors knocking on Boustead's door for Salcon.
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musicwhiz5 Senior	08-Feb-2007 01:16        musicwhiz5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Boustead has good long-term growth potential. Fundamentals are strong, it has good Management and also has a nice cash hoard. Salcon is also in the Middle East trying to secure contracts and their engineering division is also securing more contracts too. Recently, they announced that Boustead Projects will build Qioptic for S$19 million, and this is in addition to the recent sale of a leasehold building which recognizes S$13.7 million in the books. Moving forward, FY 2007 looks promising and I will be awaiting the financial results release to review the company's prospects.
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rickytan Veteran	05-Jan-2007 22:50        rickytan About Contact  Quote this Post!
x 0   x 0  Alert Admin	I bought at $1.40 and sold at $1.55 today.  This stock gives out good dividend and the share price moves up slow and steady.  For those who  do not like volatile stock, can consider buying this...
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sunview Member	05-Jan-2007 11:37        sunview About Contact  Quote this Post!
x 0   x 0  Alert Admin	Boustead is testing historical high. Looks good.
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singaporegal Supreme	13-Nov-2006 19:21        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 0   x 0  Alert Admin	Low volume counter... TA people should avoid
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hughsh2004 Member	13-Nov-2006 17:24        hughsh2004 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Boustead surged fr 1.16 to 1.25 closing, despite profit down by 50%... a gem to be uncovered?
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jessie Senior	04-Oct-2006 12:28        jessie About Contact  Quote this Post!
x 0   x 0  Alert Admin	From TA point of view, is it a good time to buy now ?  Would appreciate TA gurus comments please. Thank you.
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DanielXX Member	04-Oct-2006 00:05        DanielXX About Contact  Quote this Post!
x 0   x 0  Alert Admin	If one notices, their contract sizes have been getting bigger. 2 contracts for S$35M when in the past they were getting small contracts for $5M or so. Given that such contracts tend to require a certain amount of fixed overheads (travel, manpower and equipment sourcing, admin/project management etc) bigger contracts entail economies of scale. The contracts in refinery upgrading and gas plants also position them for two of the hottest energy sub-themes coming up.
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jessie Senior	03-Oct-2006 23:28        jessie About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Nostramudus,  thank you for the update.  I have been monitoring and waiting for price to drop but it seems that the price is holding quite steady.
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Nostradamus Supreme	03-Oct-2006 23:11        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Tt has won two contracts worth $35m. The contracts involve the design and construction of key process equipment for a large refinery in North America and an LNG processing facility in North Africa. About 25% of the value of these contracts are expected to be recognized in the current year to March 2007.
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Nostradamus Supreme	04-Aug-2006 17:22        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	You're welcome, jessie. Buy on weakness. Good idea.
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jessie Senior	04-Aug-2006 10:47        jessie About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Nostramamus Veteran, Thank you so much for this new info.. No wonder after ex-dividend, the price still goes up... I have made money from this stock  a few times.  Although this is not a speculative stock, the price has been going up steadily over the years. Another consolation is that I have picked a fundamental strong and growing company (although I dont know how to read finacial reports...). Will buy in again when price drop.
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Nostradamus Supreme	03-Aug-2006 20:55        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Jessie, more bad news for you. Boustead has increased its stake in Boustead Projects to 95%. This development is positive as the management has raised its stake in this high return business that it is already familiar with. Given the additional earnings accruing from Boustead Projects, DBSV has raised its earnings estimates for FY07 and FY08 by 14% and 20% respectively. It upgraded it target price to $1.67 based on 10x ex-cash FY08 PE. This is supported by a net cash position of $0.27 per share.
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jessie Senior	01-Aug-2006 15:41        jessie About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ouch, I am feeling the pain. Bought at $1.10 and just sold recently at 1.18 (since market is not very good and is also reaching the 52 weeks high of $1.22). 1-2 days after selling, price start to go up and gone beyond the 52 weeks high.....now at $1.26.  Bang ! Bang ! Bang ! Only consolation is that I still make some profit .....
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Nostradamus Supreme	31-Jul-2006 17:07        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	It has secured 2 energy-related engineering contracts worth $40m. Its order book stands at $315m. Of this, 71% should be recognized in FYMar07. Meanwhile, growth momentuem for the enginnering divisions should remain strong for the next 2 years, underpinned by robust O&G upstream and downstream activities. DBSV has upgraded its price target to $1.45.
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Bumster Member	21-May-2006 22:53        Bumster About Contact  Quote this Post!
x 2   x 0  Alert Admin	Hi anyone following this counter ? Boustead has quietly transformed itself over the last 5 years into a serious O&G player. the price has been in a clear uptrend for the past 2 years with reputable fund manager CAM, who specialises in stakes in O&G counters like KS and CSE, having more than 5% stake.
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