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Boustead Projects
28-03-2019, 08:14 PM.
Post: #231
Boustead Projects
(28-03-2019, 08:11 PM)Curiousparty Wrote:
(27-03-2019, 09:55 PM)ksir Wrote: I have to wonder if they are expanding too fast and furious!
The existing buildings are still a fair bit need to rent out! (can refer to their website)
and yet they are still building more!

ex-ausgroup site still there!
alice still alot vacant!
Braddell site added as well!
etc etc

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ex-Ausgroup site will be rented out from April 2019.
Alice and Braddell are in prime locations. - no worries 

Industrial sector is bottoming up...they are catching the ride up...

that is something new! there's no announcement about that! insider news or?

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30-03-2019, 03:28 PM. (This post was last modified: 30-03-2019, 03:47 PM by Curiousparty.)
Post: #232
RE: Boustead Projects

2. Gross margin, however, was impacted by higher costs, an absence of cost savings and also the expiry of the lease on 85 Tuas South Avenue 1. As a result, margins fell from 36% to 23% and gross profit increased by only 7% from S$17.4 million to S$18.6 million. Although a new lease agreement has been signed for 85 Tuas South Avenue 1, the property is currently undergoing additions and alterations and will only contribute rental income from 1 April 2019 onwards.

think I might have read wrongly.

yes think ex-Ausgroup site may still not be leased out yet
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