Boustead Singapore

[valuestalker]

Thanks a lot MW for the explanation.
Appreciate that.

I guess if everything being the same, DB&L project value will be a lot lower than D&B?

For the purpose of discussion, consider the following example:
Project A:
1. D&B method = $55 M (building is not owned by Boustead?)
2. DB&L method = $10 M (the amount includes payment for leases for first few years?
hence the additional recurring revenue won't be there in the first few years?)

Googling from just now, but couldn't find any useful info yet.