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08-02-2012, 09:54 PM
Every business has a price - Just like the old Mao saying - irregardless of the colour of the cat, the ones that catches the mice will be the top cat. In this instance, if Boustead ended with the media speculated stake in the Sarawak smelter, then the initial stake in OMH may just be a important step in moving into a lucrative business. Moreover, Boustead is not buying into a miner when commodity prices (manganese in this case) is red hot and OMH is trading at steep premium to book value. Hence, whether it is a good or bad move, only time will tell.
As for Boustead's long term earnings target, I remembered FF Wong was quoted in a media interview that it was his aim to one day see Boustead achieving S$100m in net earnings. How and when that milestone will be reached is certainly dependent on the business strategies that is being rolled out. Akan Datang is the infamous Malayu word.
As for Boustead's long term earnings target, I remembered FF Wong was quoted in a media interview that it was his aim to one day see Boustead achieving S$100m in net earnings. How and when that milestone will be reached is certainly dependent on the business strategies that is being rolled out. Akan Datang is the infamous Malayu word.