Boustead Singapore

[shanrui_91]

I think he was saying that for FY2013 onward, we can expect S$18M rental revenue and S$9M PBT.

you are right about 2013, but i assume it is based on the current 107,000 portfolio once completed and that there's no buyback. I didn't catch the $9m PBT though

OMH is a trading company as well. I guess they aim to sign long term contract for 70% production and 30% for trading.
Anw, the OMH projection of 200M PROFIT is too good to be true heh? As Mr Warren said, if it is too good to be true, it's probably not true.

For Salcon, if I didn't hear wrongly, the loss in middle east was due to foreign exchange loss.

i am not sure about the forex, i only heard that it is from the abu dhabi project.

As for too good to be true, FF Wong seemed to imply a wishful thinking, something which he hopes to be achieved. But the more significant takeaway is that it can be sensed that he wants to buy more shares of OMH possible to 20% so that it can be counted as share of profit from associate instead of dividend.