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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
https://www.fool.sg/2019/02/13/9-key-tak...-earnings/

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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10-05-2019, 10:30 PM. (This post was last modified: 10-05-2019, 10:31 PM by Curiousparty.)
Post: #233
RE: Boustead Projects
$1.00 level has been surmounted. Mr Market has probably started to realize that BP has book order to the tune of a few times its own market cap, and not to forgot all the new pipeline leasing projects that will be coming onboard too!!!
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23-05-2019, 07:34 PM.
Post: #234
RE: Boustead Projects
Financial Results for the Financial Year ended 31 March 2019 ("FY2019")

Highlights :
1. Total revenue was 38% higher year-on-year at S$234.2 million, due to higher design-and-build revenue
2. Design-and-build revenue was 48% higher year-on-year at S$205.1 million
3. Real estate revenue was 5% lower year-on-year at S$29.2 million, mainly impacted by the lease expiry of 85 Tuas South Avenue 1 in January 2018
4. Total profit was 5% higher year-on-year at S$30.6 million
5. A record S$633 million worth of contracts were secured in FY2019, contributing to the BP Group’s current order book backlog of approximately S$660 million
6. The Board has proposed a final ordinary dividend of 1.5 cents and a special dividend of 0.5 cent, totalling 2 cents.

More details in :
1. https://links.sgx.com/FileOpen/BPL_SGXNe...eID=560640
2. https://links.sgx.com/FileOpen/BPL_Media...eID=560641
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23-06-2019, 11:08 PM.
Post: #235
Boustead Projects
https://heartlandboy.com/boustead-projec...on-report/


Target price of $1.20 ( not taking into consideration value realization from REITS )


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24-06-2019, 11:02 PM.
Post: #236
RE: Boustead Projects
Taken a look at its recent financial statements. Feels like its leasing business isnt really doing well. Alice has been completed for about half a year yet management seems to struggle to find tenants. There's probably ample time to find tenants way before the property is completed, yet... Not sure if because it has to do with the trade war, but it is always easy to blame it on the economy, on external events like trade war, etc

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09-07-2019, 09:58 AM.
Post: #237
RE: Boustead Projects
I saw Yoozoo (not to confuse it with yuuzoo) name has been put up in Alice@Mediapolis building.
Perhaps it's not important to update minority shareholders on that?
But good news anyway right?

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03-11-2019, 11:12 AM.
Post: #238
RE: Boustead Projects
looks like BP is "serious" this time … Website has been totally revamped => look much more sleek and professional now.

Fund house management office has also been set up....
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