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