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08-02-2012, 04:41 PM
Boustead's forte is not in smelter technology and there is no shortage of capable and competitive EPC contractors in China.
If you care to look through Cahya Mata Sarawak's KLSE announcements, most of the details of the project has been wrapped up. Its at the financing stage and that is where OMH is falling behind and need a cash rich strategic investor to jump start the entire process.
Show the 30% money and project will be bank rolled by Standard Chartered and everything will be implemented. Main thing from here will be execution risks that will be inherent in many of such projects.
One day at a time but its a good new source of recurrent earnings if implemented carefully. Perhaps its also important milestone for FF Wong to move Boustead towards his long spoken dream of S$100m profit type of company.
Have full faith and be long term.
If you care to look through Cahya Mata Sarawak's KLSE announcements, most of the details of the project has been wrapped up. Its at the financing stage and that is where OMH is falling behind and need a cash rich strategic investor to jump start the entire process.
Show the 30% money and project will be bank rolled by Standard Chartered and everything will be implemented. Main thing from here will be execution risks that will be inherent in many of such projects.
One day at a time but its a good new source of recurrent earnings if implemented carefully. Perhaps its also important milestone for FF Wong to move Boustead towards his long spoken dream of S$100m profit type of company.
Have full faith and be long term.