DBS Vickers Securities in a Feb 9 research report says: “Boustead posted net profit of $8.7 million (-16% y-o-y), compared to our forecast of $10.5 million. The underperformance was attributed to weaker than expected revenue of $104 million (-10% y-o-y), which was partly due to a weaker sterling pound for the Energy-related engineering division and slower than expected progress at the Libya township.
Posts Tagged ‘boustead’
Feb 9: SingTel, China Animal Healthcare, Rickmers, Keppel, ASL Marine, Longcheer, Cerebos, Boustead
February 9th, 2010 |
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Singapore’s benchmark Straits Times Index (.FTSTI) rose 0.37% to close at 2,693.62 points yesterday. The Dow Industrials closed below 10,000 for the first time since November last night as investors sold bank shares due to heightened concerns about the euzo zone’s sovereign debt troubles. The following stocks may see unusual trading volume today.
SingTel (STEL.SI), Southeast Asia’s biggest telecoms firm, reported an 18% rise in quarterly profit, roughly in line with market expectations and driven by strong growth in regional mobile customers.
Boustead posts 15.5% drop in 3Q net profit to $8.7m
February 8th, 2010 |
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Boustead Singapore, the global infrastructure-related engineering services and geo-spatial technology group, announced its financial results for the third quarter ended 31 December 2009.
For 3Q FY2010 and 9M FY2010, the group said it achieved revenue of $103.6 million (-9.6% y-o-y) and $336.8 million (+3.6% y-o-y) respectively. Net profit attributable to owners of the parent were $8.7 million (-15.5% y-o-y) and $28.9 million (+13.7% y-o-y) for the respective periods.
Boustead, Frasers Commercial Trust gain
February 2nd, 2010 |
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Boustead Singapore (BOCS SP) rose 2.5% to 81 cents after it said yesterday it won two contracts worth $11 million from the power utility industry, reported Bloomberg.
Frasers Commercial Trust (FCOT SP) rose 3.3% to 15.5 cents. The company said it is selling 116.8 million so-called convertible perpetual preferred shares. Existing shareholders may buy one new share for every 20 shares held at $1 each, it said.
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Feb 2: Keppel, CWT, Tiger, Boustead, United Envirotech, Pteris Global
February 2nd, 2010 |
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Singapore’s benchmark Straits Times Index (.FTSTI) fell 0.33% to close at 2,736.17 points yesterday. US stocks rose on Monday as better-than-expected data on the manufacturing sector and earnings from Exxon Mobil boosted sentiment. Here are some SGX stocks that may see heavy trading today, say business news wires.
Rigbuilder Keppel Corp (KPLM.SI) will be in focus of investors’ radar today after it announced a US$1 billion ($1.4 million) project in Brazil yesterday, say Thomson Reuters.
Keppel, the world’s biggest oil rig builder, said on Monday it has won a $1 billion contract with a joint venture partner to build and operate a rig platform in Brazillian waters.
The contract is Keppel’s largest rig deal in over two years and will bolster the firm’s order book, which has been falling over the past year and stood at US$5.6 billion ($7.9 billion) at end-December.
Boustead unit wins $11m in water, wastewater deals in Vietnam, Indonesia
February 1st, 2010 |
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Boustead Singapore says wholly-owned subsidiary, Boustead Salcon Water Solutions (BSWS) – the specialist in water and wastewater treatment – has been awarded $11 million in two separate contracts from the power industry.
The first contract was awarded by Lilama Corporation — one of the largest state-owned infrastructure engineering corporations in Vietnam — for the design, process engineering and construction of water and wastewater treatment plants for the Vung Ang 1 Thermal Power Plant, a 2 x 600MW coal-fired thermal power plant that will be operated by Vietnam Oil & Gas Group (PetroVietnam) in Ha Tinh, Vietnam.
Boustead Singapore upgraded to buy
January 6th, 2010 |
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DBS Vickers Securities in a Jan 5 research report says: “Kicked off 2010 with $68 million energy-related contracts. The contracts involve provision of key process equipment for oil refineries, petrochemical plants and gas processing plants in Australia, Brazil, Saudi Arabia and the UK.
Boustead Singapore gains 5.7% on expectations of more project wins, says DMG
January 5th, 2010 |
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Boustead Singapore (F9D.SG) shot up at the opening, gaining 5.7% to hit 83.5 cents or more than its three-month high, as news of its engineering group’s order book reaching $500 million in two weeks fuel interest.
Boustead’s total contract value was boosted by its latest project worth $68 million to supply equipment to energy plants in Australia, Brazil, Saudi Arabia, UK. The deal comes just two weeks after Boustead landed its record largest contract, worth $107 million, to build production plant.
Dec 23: Boustead, Keppel Corp, CapitaLand, Noble Group
December 23rd, 2009 |
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The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index gained 1.3% to 2,823.82.
The S&P 500 logged another 14-month high last night as stocks rallied on a surge in US existing home sales, indicating more stabilisation in housing and boosting optimism about the economic recovery.
Boustead unit wins $107m contract to design, build facility for power systems corporation
December 22nd, 2009 |
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Boustead Singapore says its 91.7%-owned subsidiary, Boustead Projects — a specialist in industrial real-estate solutions — has been awarded a $107 million contract to design and build an integrated manufacturing and support facility for one of the world’s leading power systems corporations. The contract is the largest industrial real-estate solutions contract secured by Boustead Projects to date.