Boustead Singapore

[Musicwhiz]

Hot on the heels of the 3 contract wins by Boustead Projects is an exclusive distribution agreement by ESRI Singapore with Earthmine.

Please see attached.

[valuestalker]

I have just checked the whereto.sg.
Surprisingly good and performance wise quite solid.

[Musicwhiz]

I have just checked the whereto.sg.
Surprisingly good and performance wise quite solid.

Yes it's quite a powerful software indeed!

SLA also has a website www.onemap.sg which can help to identify locations, zoom in, measure distances and compute travel distances by public transport. It is powered by SMRT.

I think both websites have their own merits.

[FFNow]

I read The Edge issue for this week on Boustead. I find the CEO was very honest and forthcoming about the undertakings in Libya.

[Musicwhiz]

I read The Edge issue for this week on Boustead. I find the CEO was very honest and forthcoming about the undertakings in Libya.

Yes, that is FF Wong's style - open, transparent and to the point. He does not hide behind mistakes, and takes responsibility for his actions and learns from them.

Oh yes, I was supposed to do a summary of that article, but haven't had time yet haha. If Boustead posts it on their website, then I will either link it or provide a PDF attachment here.

[Musicwhiz]

Business Times - 08 Apr 2011

Boustead wins $25m of O&G contracts

The company's order book backlog is now over $290m

By REBECCA LIU

BOUSTEAD Singapore has secured about $25 million in contracts from the oil and gas (O&G) industries.

This brings the total value of contracts secured by the group so far this year to $150 million.

Earlier contracts include a $55 million integrated logistics facility for SDV Logistics and a $17 million high- tech production and R&D centre.

The latest contracts, clinched through Boustead's energy-related engineering division, involve the design, process engineering, and construction of key large-scale process systems for downstream oil refineries, as well as upstream offshore oil and gas installations.

Boustead chairman and group chief executive officer Wong Fong Fui said the group also continues to build long-term recurring rental revenue and income through growing its portfolio of industrial leasehold properties.

It currently has eight industrial leasehold facilities that cover a total gross floor area of 85,000 square metres.

Boustead focuses on the engineering and development of key infrastructure to support growth in the public and private sectors of emerging markets.

Its other divisions, Boustead Salcon Water Solutions and Boustead Projects, have jointly secured a $25 million demineralisation plant at the Tembusu Multi- Utilities Complex in Singapore.

Despite the political unrest in Libya proving to be a setback, Mr Wong asserted that Boustead continues to do well with its strategic focus on the Asia-Pacific region through coordinating business development efforts.

To date, Boustead has undertaken infrastructure- related projects in 79 countries around the world.

The latest contracts have boosted the Boustead Group's order book backlog to over $290 million and are expected to have a material impact on Boustead's profitability for the current financial year ending March 31, 2012.

Boustead's share price closed unchanged at $1 yesterday.

(Vested)

[Musicwhiz]

Kim Eng has come up with a report on Boustead yesterday. Note the facts and estimates/assumptions and disregard target prices, as usual.

[Musicwhiz]

Boustead had this announcement today. Considering that the previous subsidiary was called BP-SDV before Boustead announced a contract with SDV, could this be another inkling of more contracts to come for Boustead Projects?

INCORPORATION OF A WHOLLY OWNED SUBSIDIARY
Singapore, 18 April 2011

The Board of Directors of Boustead Singapore Limited (the "Company") wishes to announce that the Company’s 100% owned subsidiary, Boustead Projects Pte Ltd, has incorporated a wholly owned subsidiary in Singapore known as BP-Conti Alloy Pte. Ltd. (“BP-Conti Alloy”).

The principal activity of BP-Conti Alloy is that of deriving income from owned or leased properties. Its initial paid up capital is S$2.

The incorporation of BP-Conti Alloy is not expected to have any material impact on the Group’s earnings per share or net tangible assets per share for the financial year ending 31 March 2012.

None of the Directors or controlling shareholders of the Company has any interest, direct or indirect in the transaction.

By Order of the Board

Alvin Kok
Company Secretary

[freedom]

is this new subsidary for Continental?

[Jon-san]

Wow! FF Wong is relentless, isn't he? He's been working hard securing one contract after another. Hope he doesn't overextend his reach...