Boustead Singapore says it has won a contract of an undisclosed amount to design, build and lease an integrated private jet sales and maintenance, repair and overhaul facility for Hawker Pacific Asia at Seletar Aerospace Park. Expected to be completed in 1Q 2012, the facility has a gross floor area of 9,400 square metres.
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The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index was little changed at 3,185.76.
Boustead Singapore (BOCS SP): The provider of engineering services said its Boustead Salcon Water Solutions Pte. won a $25 million contract to build a water demineralization plant for a unit of Tuas Power, a supplier of electricity in Singapore. The stock was unchanged at $1.12.
Boustead Singapore says wholly-owned subsidiary, Boustead Salcon Water Solutions, the water and wastewater engineering specialist, has won a $25 million contract to design, engineer and construct a demineralisation plant at the Tembusu multi-utilities complex owned by Tuas Power.
Boustead Salcon will partner Boustead Projects, the specialist in industrial real-estate solutions to deliver the Demin plant.
Kim Eng Research in a Jan 3 research report says: “Boustead has been quietly delivering, reporting record profits year after year from FY Mar03 to FY Mar09, with sustained double-digit growth rate. Multiple growth opportunities exist for Boustead’s varied businesses.
The following companies may have unusual price changes in Singapore trading today, say Thomson Reuters and Bloomberg. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index gained 0.1% to 3,254.25.
Singapore shares may rise in early trade on Thursday after Wall Street indices gained overnight following strong data on US private-sector jobs, boosting confidence its economy is on a recovery path.
The following companies may have unusual price changes in Singapore trading today, says Bloomberg. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index rose 1.4% to 3,235.77.
Boustead Singapore says it is not going ahead with the acquisition of redeemable convertible notes and shares of Bio-Treat Technology.
Earlier, subsidiary Boustead Knowledge, had agreed to purchase 100 million Bio-Treat shares from Giant Delight Holdings Limited (GDL) at the price of 4 cents each.
Boustead says it decided to scale down its investment after Bio-Treat announced a rights issue of up to 992,236,440 new shares at 4 cents each to raise funds.
Shares of Singapore electronics retailer TT International <TINL.SI> fell as much as 14.3% on Tuesday after the local press reported that Boustead Singapore <BTSS.SI> has pulled out of a plan for a joint warehouse project.
TT International shares fell 14.3% to $0.03 on a volume of 615,000 shares before it requested a trading halt.
DBS Vickers downgrades Boustead Singapore (F9D.SG) to Hold from Buy, trims target price to $1.00 from $1.10, which translates to 9.6x FY12 P/E.
Changes reflect sluggish pace of contract wins, with $100 million worth of orders secured in current FY vs house’s $400 million forecast.
Says while enquiries on engineering group’s services “still very robust”, potential clients slow to conclude negotiations.
Boustead Singapore says wholly-owned subsidiary, Boustead Salcon Water Solutions – a leading global specialist in water and wastewater engineering – has been awarded a multi-million dollar contract to design, engineer and construct a water treatment and return condensate plant for TP Utilities, a subsidiary of Tuas Power, the third largest power generation corporation in Singapore.
Singapore shares may open lower on Tuesday after Wall Street shares fell as investors took profits on recent gains.
Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.85% on Monday to close at 3,157.45 points.
Here are some stocks to watch:
Bourse operator Singapore Exchange (SGXL.SI) may be in focus after it said it achieved record volumes for its gold spot contract, Nikkei dividend and China A50 futures in September. It said the daily average value for securities trading in September was $1.8 billion, 20% higher than a month ago, and the total market capitalisation as at September 30 was $778 billion.
Mainboard-listed Boustead Singapore, the global infrastructure-related engineering services and geo-spatial technology group, says the group achieved revenue of $239.1 million and net profit attributable to owners of the company of $31.9 million for the 1QFY2011 ended 30 June 2010, an increase of 101% and 237% respectively.
Singapore’s benchmark Straits Times Index <.FTSTI> fell 1.38% on Tuesday to 2,830.34 points. Singapore stocks are likely to come under pressure on Wednesday after US shares tumbled overnight due to rising doubts over the stability of Europe’s banks and increasing concerns over the global economic outlook.
Sembcorp Industries says it will provide industrial wastewater treatment services to German specialty chemicals company Lanxess’ butyl rubber facility from a new integrated industrial wastewater treatment plant to be located in Tembusu district of Singapore’s Jurong Island petrochemical cluster. Expected to be completed by the second quarter of 2012 at an investment cost of $40 million, the new facility will more than double Sembcorp’s current industrial wastewater treatment capacity on Jurong Island, and will be sufficient to serve Lanxess as well as further customers.
Boustead Singapore says wholly-owned subsidiary Boustead Salcon Water Solutions – the specialist in water and wastewater engineering – has been awarded an AED55 million ($21 million) contract to design, engineer and construct a new water recycling plant for the enhanced treatment of treated sewage effluent in Abu Dhabi, the United Arab Emirates.
DBS Vickers Securities in a June 21 research report says: “Our recent company update indicated strong enquiry momentum in energy-related and industrial real estate segments. It appears that clients are not deterred by the European uncertainties nor BP crisis as Asia growth remains strong.
Boustead Singapore, the infrastructure-related engineering services and geo-spatial technology group, says wholly-owned subsidiary Boustead Knowledge has agreed to buy part of Giant Delight Holdings’ Bio-Treat Technology notes for $42,709,017. The notes can be converted into 854,180,330 Bio-Treat shares.
Singapore’s benchmark Straits Times Index rose 1.7% to 2,696.02 points on Wednesday.
Singapore stocks are expected to face selling pressure on Thursday following an overnight drop on Wall Street that sent the Dow Jones industrial average below the 10,000 level for the first time since Feb 8.
Boustead Singapore, the infrastructure-related engineering services and geo-spatial technology group, says it achieved a revenue of $438.4 million and net profit attributable to owners of the parent of $43.1 million, a decrease of 15% and 28% respectively for the year ended 31 March 2010 (FY2010).
Singapore shares closed lower yesterday with the blue-chip Straits Times Index down 45.93 points to 2,887.46. Volume was 1.65 billion shares worth $1.85 billion. Losers led gainers 377 to 142. US stocks fell last night as a report showing a surprising drop in private-sector employment stoked concerns about the health of the labour market two days before the government’s key jobs data. Here are some stocks to watch, says The Edge Singapore:
Boustead Singapore says its 91.7%-owned subsidiary, Boustead Projects, the specialist in industrial real-estate solutions, has been awarded a $40 million contract from Cenco Inc to design-and-build an integrated test-bed facility at Seletar Aerospace Park. This is the fifth contract secured by Boustead Projects within the last eight months.
