Boustead Singapore

[mrEngineer]

I would think this contract is pretty significant. If you check, Salcon's FY 2010 revenue was S$55 million with a net profit of S$7.8 million, so this contract, being a multi-million $ one, would significantly increase Salcon's order book. Depending on the % of recognition of contract revenue this year, it would mean a significant boost to their bottom line and give Salcon a second consecutive year of profits.

The verdict on TTI and Big Box project will be out on Oct 15, 2010. Am hoping for a good result to act as a catalyst for Boustead to increase their recurring earnings.

I thought otherwise as the capacity looks quite small (1800cu m/day and 6000cu m/day). But nonetheless, reverse osomosis might be something more premium. Multi-millions just means more than 2 million.

Yes agree. Eagerly waiting for that catalyst too. But looks like Ho Lee might not budge.. its a joke to consider profit margins of ~15% for construction company..