SBS Transit Ltd (SGX: S61) is a provider of bus and rail services in Singapore. Under the bus services, it runs multiple bus packages, which it had successfully bid for from the government. Under the rail services business, SBS Transit operates the North East Line (NEL), the Downtown Line (DTL), and the Sengkang and Punggol Light Rapid Transit (SPLRT). SBS Transit announced its financial results for the full year ended 31 December 2018, yesterday. Let’s have a quick look to see how it did. Financial highlights  Here are some of the key financial highlights from the latest full-year results: 1) Revenue grew 16.1% year-on-year to S$1.38 billion. 2) Total operating costs increased by 13.6% to S$1.28 billion. 3) As a result, operating profit surged 64% to S$97.3 million. 4) Profit attributa

Boustead Projects Limited (BPL) (SGX: AVM) released its third-quarter fiscal year ended 31 March 2019 earnings yesterday. The reporting period is from 1 October 2018 to 31 December 2018. As a recap, Boustead Projects was established in 1996 and is a leading industrial real estate solutions provider in Singapore, with core engineering expertise in design-and-build services and the development of industrial facilities. Here are nine takeaways from the latest earnings report. 1. Revenue was up 70% year on year from S$47.9 million to S$81.3 million. This was attributable to two large and sizeable contracts which BPL worked on during the quarter which were not present during the same period last year. 2. Gross margin, however, was impacted by higher costs, an absence of cost savings and also th

New investors usually start out with no notion of which investment style fits them the best. Over time and with more experience in the market, we each adopt a style that suits both our temperament and our abilities. Our investment style is personal and should be attuned to our own capabilities and characteristics — seen as an extension of our personalities. The question I have been posed by some friends is, should my investing style change according to age or how the market is performing? Is there a need to adapt or evolve in order to stay relevant? Style dominance What I have observed through interactions with many seasoned investors is that most of them have picked a certain investment style and philosophy, and their thinking and psychology are geared towards this style, be it grow

Many investors know that investing is more than just numbers or analysis — it also invariably involves an entire host of emotions. This is the psychological aspect of investing, and the two most dominant emotions when investing are greed and fear. Greed causes investors to chase share prices and good news in the hope of making a quick profit, and it may lead to huge losses when things do not work out as planned. Fear causes people to sell when share prices plunge lower, as they are afraid that they will lose even more money, regardless of the fundamentals of the underlying business. Seeing the trouble emotions can cause, should we try to suppress our emotions when investing? Suppression — an extremely tough effort The problem with wanting to suppress emotions entirely is that a

Sunningdale Tech Ltd (SGX: BHQ) is a manufacturer of precision plastic components. For investors who are looking to invest in Sunningdale, it is essential for them to know how the company brings in the revenue. Buying shares in a company without knowledge of how it makes money is not advisable. With that, let’s look at the revenue contribution of each of Sunningdale’s business segments for the financial year ended 31 December 2017 (FY2017): Source: Sunningdale Tech Ltd 2017 annual report The Automotive business segment mainly produces faceplates to be used in cars such as on the audio systems, speedometers, steering switches and exterior antennas. In 2017, this segment accounted for 36.4% of Sunningdale’s total revenue of S$724.5 million. Next, the Consumer/IT division fabricates IT

On 10 December 2018, Boustead Projects Ltd  (SGX: AVM) clinched a S$241.9 million contract with JTC Corporation that saw its order book hit a record high of S$460 million. Since then, the company has managed to clinch three more contracts to further boost its order book. As a quick recap, Boustead Projects specializes in providing design and build solutions and project management expertise for industrial properties. The company’s clients include multi-national corporations in the healthcare, biotechnology, and logistics industries. The contract wins The three contracts awarded since the JTC Corporation project announcement are: 1. A development project awarded to Boustead Development Partnership (a co-investment vehicle of Boustead Projects and a Middle Eastern sovereign wealth fu

2018 is coming to an end. And investors would hope to put the year behind quickly due to the stock market volatility experienced in the last few months. However, due to the recent market pullback, many shares are selling at cheap prices. Let’s look at one such company in this first part of a three-part series of articles. The other two articles will be introducing one cheap share each. Introduction to Company #1 Boustead Projects Ltd (SGX: AVM) is an industrial real estate solutions provider in Singapore, with core engineering expertise in design-and-build and development of industrial facilities for both multinational corporations and local companies. Latest business developments The company’s latest quarterly results do not look good: Revenue rose 21% year-on-year to S$60.6 million

Boustead Projects Ltd (SGX: AVM) announced yesterday that it had secured its very first open tender public sector contract. The contract, with a value of around S$241.9 million, was awarded to Boustead Projects by JTC Corporation for a Multi-Storey Recycling Facility (MSRF) project located at Kranji Loop. Construction of the MSRF will begin in December 2018 and is estimated for completion on January 2021. The new facility is expected to achieve the Green Mark Platinum rating, which is the highest eco-sustainability rating under the Building and Construction Authority’s (BCA’s) Green Mark program. Order book at a record high Boustead Projects specialises in providing design and build services for industrial facilities for multi-national corporations. Yesterday’s announceme

Boustead Singapore Limited (SGX: F9D) was established in 1828 and is one of the oldest companies in Singapore’s stock market. The company is a conglomerate with four key divisions: Energy-Related Engineering (oil and gas and wastewater treatment); Real-Estate Solutions; Geo-Spatial technology; and Healthcare. The Real-Estate Solutions division is separately listed under Boustead Projects Ltd (SGX: AVM). Boustead Singapore recently released its second quarter earnings update for its fiscal year ending 31 March 2019 (FY2019) and reported a 3% decline in net profit for the quarter, despite a 13% jump in revenue. Although the company’s profit performance was lacklustre, I thought it will still be interesting to review Boustead Singapore’s order book, revenue, and financials

Boustead Singapore Limited (SGX: F9D) (“Boustead”) released its second-quarter and half-year fiscal year 2019 (1H FY 2019) earnings yesterday. The reporting period for the quarter was from July 1 to September 30, 2018. Boustead was established in 1828 and has grown to come a conglomerate today with four key divisions – Energy-related Engineering, Real-Estate Solutions, Geo-Spatial technology and Healthcare. Here are eight key takeaways from Boustead’s latest earnings: 1. Revenue rose 13% year-on-year to S$118.4 million, up from the revenue of S$104.9 million recorded a year ago. The bulk of the increase came from the company’s real estate solutions division under its subsidiary Boustead Projects Limited (SGX: AVM) which saw an increase of 21% in revenue from

On Monday, 5 November 2018, Boustead Projects Ltd (SGX: AVM) released its second quarter earnings update for its fiscal year ending 31 March 2019 (FY2019). The reporting period is from 1 July 2018 to 30 September 2018. As a quick introduction for more context later, Boustead Projects was established in 1996 and is a leading industrial real estate solutions provider in Singapore, with core engineering expertise in design-and-build services and the development of industrial facilities. Financial highlights Revenue for the second quarter of FY2019 was up 21% year-on-year to S$60.6 million, while gross profit was up just 5% to S$19.5 million due to higher costs incurred for projects. The higher overall revenue for Boustead Projects came from a 26% year-on-year increase in design and build re