Boustead Projects

[vesfreq]

Dear all fellow BPL shareholders/ stakeholders,

Did you guys notice a 6769,800 shares married deal done at 76 cents? It was a single trade done today.

Buyer is Wong FF - http://infopub.sgx.com/FileOpen/_eFORM3V...eID=365512

FF Wong always got style...

Ff purchase is probably a testament to the stock being undervalued.

That is without a doubt. If he doesn't buy, who will?

However, he is a businessman. A top notch one. He has constantly been buying Boustead Singapore - hasn't sell a single share so far but it doesn't explain why Boustead Singapore share price has been falling.

FF Wong has a long term businessman time horizon. How many of us investors can share his views?

I admit I didn't have his long term view and has reduced from a top core holding from my portfolio to one that I am monitoring for the next cycle.

Vested
Certificate, Odd Lots
GG

You have rightly pointed out the issues regarding the development revenues. Once bp rides out of this trade cycle, it should do fine riding up the next economic trade cycle. This economic downturn is pretty bad. Good biz can become bad biz and bad biz becomes worse. But wait, good mgmt is a constant, regardless of trade cycles.

Like you, bp not my core holding. Holding anti cyclical core stocks instead.