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(Post 201 of 488) 02/20/2003.07:48:11 |
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Thought there were a placement share previously.  |
| (Post 202 of 488) 02/20/2003.11:01:40 |
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Mr Wong - I now own 10 lots at 37 cents in order to make the Q&A more interesting. (I have seen enough to make that small bet.) Hope it will make me some pocket money.  |
| (Post 203 of 488) 02/20/2003.11:05:58 |
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Mccool, this company has been around since 1828. What was the share price in 1828? |
| (Post 204 of 488) 02/20/2003.11:13:15 |
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Mephisto 
In 19th Century (1828 to 1899) you know Boustead listed where meh? |
| (Post 205 of 488) 02/20/2003.11:19:49 |
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Mccool, |
| (Post 206 of 488) 02/20/2003.11:41:14 |
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Boustead Singapore Ltd
BACKGROUND The Company's origins can be traced to Boustead and Co, established in 1828. It was listed on the Singapore Stock Exchange in 1960. The name was changed to Boustead Hldgs Bhd in 1966. The Company was set up as Bousteadco Singapore Ltd in 1975 to acquire the interest of Taiping Singapore Pte Ltd. Following a scheme of arrangement in 1975, Boustead Hldgs Bhd's stockholders became entitled to receive one share in Bousteadco Singapore Ltd for every two stock units held in Boustead Hldgs Bhd. In 1992, the Jack Chia-MPH group acquired Boustead plc, the Company's holding company and in 1993, 65.3 percent of the Company's issued capital. In March 1996, it sold the share to Janburgh Hldgs Pte Ltd a company incorporated in Singapore, which became its holding company. The Company is an investment holding company. On 27 November 1997, it changed to its present name. (Source:SGX Website) My kaypoh contribution to this counter which I have no vested interest. |
| (Post 207 of 488) 02/20/2003.12:35:34 |
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Question for Mr Wong:
Who is Boustead Singapore's majority shareholder? (Janburgh Holdings Pte Ltd?) Is it part of a larger global / international organisation? Are there synergistic value to Boustead Singapore if it is part of such an organisation? Question inspired by information provided by Ashley. Thanks Ashley.  |
| (Post 208 of 488) 02/21/2003.10:27:19 |
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Many top forumers asking Ques here. Is Salcon in the same business as Hyflux? Is it true Salcon's business much bigger than Hyflux as you have large divisions in UK and Philippines? If so, why not list and unlock some shareholder value? |
| (Post 209 of 488) 02/21/2003.10:56:00 |
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Hi Mr Wong,
Understand from friend that you guys build the OSIM BUILDING at Ubi which was completed last year. Also understand this business is called " Build & Design " of buildings. Correct? Hope you can shed some more light on what is this "Build and Design" concept and the competitive advantages? Also as someone else pointed, you had some big development projects in Wuxi. My question is why is Construction not considered a core business in Boustead because I looked at your results announced ( financials) in Nov, the only business you mentioned at just IT and Engineering. Is the Wuxi development considered part of your Engineering div or is it a growth drvr for the company in that you have a new division. |
| (Post 210 of 488) 02/21/2003.11:12:46 |
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Mr Wong - I refer to the Nov announcement of 1H results. Please find some points below for your clarification. Thank you.
* Should we expect all round profit contribution increase from Engineeering sector, including Salcon, in the second half results? * What is the forecasted Salcon's contribution to Engineering revenue (approx value in % will do) in 2H? * Is Salcon's business international? What has been their share in Singapore in the "design and build of water and effluent treatment plants" business? Commentary On Current Year Prospects For H2 02/03, we expect a continued improvement in the Engineering sector, which should see a significant increase in turnover. The increase is expected to come mainly from Boustead Projects, the Group's UK-based process heaters business and the newly-acquired Salcon Group. Salcon Group's main businesses include the design and build of water and effluent treatment plants and the operation of power generation plants. Barring unforeseen circumstances, the Group expects its second half-year's profits at the attributable level to improve significantly, partly aided by the one-off gain of approximately $3 million on the disposal of the W.H. Brennan Group and profit contribution from Salcon Group. |
| (Post 211 of 488) 02/21/2003.11:37:51 |
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Mr Wong - I have a question asked out of laziness to do further research:
* Your bank debt seesm to have increased by $7m or so (from $18m to $25m) from 31/03/02 to 30/09/02. Is this due to debt acquired along with the acquisition of Salcon (i.e. at Salcon level and not at the parent level)? |
| (Post 212 of 488) 02/22/2003.09:10:07 |
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Mr Wong
1 Does Boustead have any products that use your Gardenia experience and market knowledge? Breadmaking equipment for example. If so, what is the contribution of such products to Boustead's financial performance? 2 You once led QAF into Myanmar and started an airline. What have you learnt from that experience, and how would that experience affect your plans for Boustead's business? 3 In what ways are managing QAF and Boustead different? Thank you. |
| (Post 213 of 488) 02/22/2003.14:49:28 |
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Mr Wong,
Boustead has placed quite a significant bet on Easycall over the past 2 years. If my calculations are correct(see here) Boustead would have invested in excess of A$10mil into Easycall, and thus far there has been no returns...only losses. What is the strategy here? |
| (Post 214 of 488) 02/22/2003.16:03:06 |
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Warren
Their cost should be around 103,607,849 X A$0.08 = A$8.3M. (Because the 1st 39.8% was bought at price of aroung A$0.078) ... on 8 May 2001 completed the acquisition of 91,005,132 EasyCall Shares representing approximately 39.8% of EasyCall's issued share capital and had paid the total cash consideration of approximately A$7.01 million (approximately S$6.2 million) to Beheer-en. |
| (Post 215 of 488) 02/22/2003.16:32:28 |
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McCool,
Thanks for the more accurate assessment of Boustead's investment cost in Easycall...it still does not change the significance. It is still a large part of Boustead's B/S and a large contributor to their gearing. So the Q remains: What is the strategy for Easycall? |
| (Post 216 of 488) 02/22/2003.18:23:23 |
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Warren
Highlighting below my earlier questions: By Mccool On Wednesday, 19 Feb 2003 10:16am [ Gold User ] Posting #195 (Viewing #192 of 215 Total) [ Bookmark ] [ Reply ] Some random questions for Chairman FF: 1 What are your main strategic concerns for 2003/04? Growth and Expansion? Survival? Consolidation & rationalisation? Costs & Margins? Products & Capabilities wise? Markets wise? 2 Please describe the fit of your investments and divestments of the past 1 - 2 years with the corporate strategy. How important are they to Boustead's future? For example Easycall Wuxi industrial park Salcon 3 What are the key growth sectors that Boustead is pursueing? 4 What is the status of Easycall's operations and when is it expected to contribute to revenue and profits? Same question for Salcon. Is Easycall still in "development" mode? Isn't it cumbersom to deal with public Easycall shareholders from Australia, Philippines and S'pore (e.g. the Management Agreement between Boustead and Easycall is subject to Australian shareholders approval? Will you want to see that changed, and if so, how do you plan to do it? 5 I commented here about Boustead's shareholding profile, the illiquidity of the stock. Are there any plans to improve that by private placements, etc.? Does it make sense for Boustead to invest in Investors Relations (e.g. using Shareinvestor) when there is so little interest by investors to invest in Boustead shares? 6 Can you give investors 3 to 5 good reasons for investing in Boustead? Thank you. That's all for now. By Mccool On Wednesday, 19 Feb 2003 09:23pm [ Gold User ] Posting #196 (Viewing #193 of 215 Total) [ Bookmark ] [ Reply ] Supplementary questions on Easycall 1 Apparently, Boustead likes the Easycall business and has accumulated 45% of its shares. Could you highlight why is Easycall attractive? 2 Are there plans to acquire more Easycall shares (>51%) and gain control of the company to eventually make it a subsidiary? |
| (Post 217 of 488) 02/22/2003.18:26:04 |
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Warren
You might have noticed that there is a dearth of information on Easycall, a public listed company. On Masnet, SI database, etc. |
| (Post 218 of 488) 02/26/2003.17:04:02 |
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Dear SI forumers,
Thank you for your questions. I am Wong Fong Fui, the Chairman and Group Managing Director of Boustead Singapore. This is an exciting opportunity for us to go online and answer your queries on our Company. I hope you can have a better understanding of Boustead through this Q&A session. I will repeat each question in blue italics followed by my answers in black. Regards, Wong Fong Fui |
| (Post 219 of 488) 02/26/2003.17:13:25 |
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Hi Mccool, you wrote:
1 How does the Company intend to improve the liquidity of its shares and raise the profile of the business to investors? Dear Mccool, Thank you for your question. This issue of liquidity is currently the problem of many Stocks in S’pore. This is also our concern & we have to look into this. However once the Investor Public is more aware of our Company, our activities, our prospects and profitability, we feel that the liquidity should improve. Regards, Wong Fong Fui |
| (Post 220 of 488) 02/26/2003.17:17:12 |
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Hi Mr Wong 
The floor is yours. And thanks for coming to ShareInvestor to talk to us. Just one additional question: Is this an interactive session in the sense that we could ask follow-up questions to your answers? Thank you once again. |
| (Post 221 of 488) 02/26/2003.17:20:17 |
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Dear Mr Wong,
You said "once the Investor Public is more aware of our Company, our activities, our prospects and profitability, we feel that the liquidity should improve". What has the company done or will be doing to make the investor public more aware of your company, its activities and prospects? Does the company plan to do any investor roadshow? Thank you and regards, Mephisto |
| (Post 222 of 488) 02/26/2003.17:21:01 |
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Hi Zeppelin, you wrote:
"Mr Wong, can you give us an update on the Wuxi project which you guys announced months ago. I remembered it was something to do with developing an industrial park from scratch? What I am keen to know besides your update is how is it going to affect your financials? (pls ignore if this qn is too sensitive) Thanks." Dear Zeppelin, Thank you for your question. We have started on the Wuxi Boustead Industrial Park. Two buildings are nearing completion & the 3rd is due to commence work soon. We have already signed up one tenant and in the process of negotiating with several others. We feel that this project is low risk as we do not intend to build any more factory until we have signed up the tenant. Our return on equity is very attractive. The entire project calls for 20 blocks to be built, with a building area of 85,000 sq metres. China will be the factory of the World for many years to come. Our Investment should provide us a good base for future opportunities in China. Best Regards, Wong Fong Fui |
| (Post 223 of 488) 02/26/2003.17:26:26 |
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Hi Wonderland, you wrote:
"What are the plans for Salcon? Why did Boustead stop the injection into ITE ? Also, what plans do you have for Easycall ? This is another very quiet counter." Dear Wonderland, Thank you for your question, Salcon has an excellent 25 years track record in Water Treatment & Waste/Environmental Engineering Works all over the world. This is a potential Gem for our group because the business is very scalable. We intend to help this subsidiary to expand further abroad and improve its profitability. Salcon is one of very few Companies in Singapore which is prequalified to tender for International Water/Waste Treatment projects. We did not proceed with the proposed injection of Salcon into ITE because we felt that it would not be in the long term interest of the Group. EasyCall primary business will be in the area of Education, initially concentrating on China. This is another potentially high growth sector. EasyCall currently owns a College campus in Tianjin, China and has over 2300 students during its 1st year in operation. We are probably the 1st foreign Investor with a College Campus in China. Our aim is to be the 1st University in China using English as the medium of instruction. Best Regards, Wong Fong Fui |
| (Post 224 of 488) 02/26/2003.17:34:18 |
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Dear Mr Wong,
Can you enlighten us why Boustead's earnings record has been so erratic in the last few years?
Thank you and best regards. Mephisto |
| (Post 225 of 488) 02/26/2003.17:39:05 |
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Hi Mccool, you wrote:
1 What are your main strategic concerns for 2003/04? Growth and Expansion? Survival? Consolidation & rationalisation? Costs & Margins? Products & Capabilities wise? Markets wise? Our strategic concern for 2003/4 and beyond is that the best days for Singapore and our neighbours in terms of Economic growths may be over. We have to live with lower growth in the years ahead. Boustead must look further ashore to ensure its profitability & long term growth. Our current core focus on IT services, Engineering services & Education provide us a very strong base to expand further. We currently have projects in almost every Continent, except North America. Our Global presence should position us to capitalize on many business opportunities in the World. 2 Please describe the fit of your investments and divestments of the past 1 - 2 years with the corporate strategy. How important are they to Boustead's future? For example Easycall Wuxi industrial park Salcon Boustead has restructured itself, after a few years of soul searching. We have divested businesses which are not the best fit to our Corporate focus on IT Services, Engineering Services & Education. Our future will be in businesses which are scalable, that can go regional and international, and can bring us recurring Income. EasyCall, Wuxi Industrial Park & Salcon all fit in the above strategy. 3 What are the key growth sectors that Boustead is pursueing? We feel the all our current core businesses are key growth sectors. 4 What is the status of Easycall's operations and when is it expected to contribute to revenue and profits? Same question for Salcon. Is Easycall still in "development" mode? Isn't it cumbersom to deal with public Easycall shareholders from Australia, Philippines and S'pore (e.g. the Management Agreement between Boustead and Easycall is subject to Australian shareholders approval? Will you want to see that changed, and if so, how do you plan to do it? EasyCall should be profitable by next year. Salcon is profitable this year. We take note of your comments on EasyCall shareholders. Currently we have no plan to change EasyCall existing status. 5 I commented here about Boustead's shareholding profile, the illiquidity of the stock. Are there any plans to improve that by private placements, etc.? Does it make sense for Boustead to invest in Investors Relations (e.g. using Shareinvestor) when there is so little interest by investors to invest in Boustead shares? Liquidity issue has been commented earlier. As we have no immediate need for Funds, private placement of shares is not a priority. As a Public Listed Company, we believe in good Investor Relations. We believe individual investors are increasingly turning to the internet for timely information. Internet allows us the opportunity to do our IR more proactively, efficiently and timely. As such we are pleased to partner ShareInvestor for online IR to improve corporate transparency of Boustead and to raise our profile amongst the investment community. ShareInvestor has probably the largest internet audience for stocks and shares in Singapore. 6 Can you give investors 3 to 5 good reasons for investing in Boustead? Boustead is now a global Company, not too dependent on the local economy. We are profitable. Our growth prospect for the future is bright. Our 3 major focus on IT, Engineering Services and Education are high growth sectors. Best Regards, Wong Fong Fui |
| (Post 226 of 488) 02/26/2003.17:44:09 |
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Mccool, you wrote:
1 Apparently, Boustead likes the Easycall business and has accumulated 45% of its shares. Could you highlight why is Easycall attractive? 2 Are there plans to acquire more Easycall shares (>51%) and gain control of the company to eventually make it a subsidiary? Hi Mccool, Our acquisition cost for EasyCall was very low, way below the cash value in the Company. We can help EasyCall to venture into the high growth Education sector in China where we have some good experience.Currently we have no plan to make it our subsidiary. Rgds, Wong Fong Fui |
| (Post 227 of 488) 02/26/2003.17:51:28 |
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Hi Warren,
Thank you for your question, you wrote: "Can you advise how you manage the Boustead group, which has so many differing and disparate activities? What is the value proposition for shareholders like to me invest in your company?" Over the last few years, we have restructured to Company to focus primarily on 3 businesses, namely IT Services, Engineering Services and Education. We are now less dependent on the local Economy and well poised to take advantage of the many opportunities in the region and the world. However we have to continue to cut costs and be cost conscious to ensure our competitiveness. Our main strengths are our good Brands, good products, good expertise, global presence and good management. We are not dependent on a single Industry, but are in 3 high growth Industries, namely IT, Engineering/Oil & Gas, and Education. Rgds, Wong Fong Fui |
| (Post 228 of 488) 02/26/2003.17:51:51 |
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Dear Mr Wong
When will the full year results release be? (Last year, it was some time in June.) |
| (Post 229 of 488) 02/26/2003.18:02:44 |
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Hi Warren,
You wrote: "Mr Wong, I too share McCool's concern about share liquidity..but there is another avenue which I think many have forgotten. The Boustead Wrts. Those represent potential new shares, and injection of fresh capital into the company... My Qs on that score are: 1. How much will you raise? 2.do you need that money? 3. What are the plans for that loot?" Thank you for your question. Boustead still have about 40.8 million warrants due August 2004. If fully exercised at $0.25 each, we can raise $10.2 million. Financially we are quite healthy at the moment. This money can strengthen our working Capital and help us in future acquisition should the opportunity arises. Rgds, Wong Fong Fui |
| (Post 230 of 488) 02/26/2003.18:08:26 |
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Hi Mccool,
You wrote: "Who is Boustead Singapore's majority shareholder? (Janburgh Holdings Pte Ltd?) Is it part of a larger global / international organisation? Are there synergistic value to Boustead Singapore if it is part of such an organisation?" Formerly the majority Shareholder of Boustead was Janburgh Holding Pte Ltd, a company formed by myself and other directors of Boustead. The shares of Boustead have since been held by the individual Directors. Current substantial Shareholders of Boustead are: 1)Myself, FF Wong: Chairman and CEO; 31.45% 2)Saiman Ernawan: Deputy Chairman, Indonesian businessman; 11.99% 3)Baiduri Holding Bhd: Owned by a member of Brunei Royal family; 11.79% 4)Macondray & Co Inc: Represented by Chew Leong Chee, well known local business man on GLC & Government Statutory Board; 5.46% 5)Sang Chun Holdings Pte Ltd: Represented by Chong Ngien Cheong, Director; 5.0% Rgds, Wong Fong Fui |
| (Post 231 of 488) 02/26/2003.18:08:56 |
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Warren
The wrts are in the money. 
And interesting shareholders. We wouldn't have known just by reading the Annual Report. For archival purpose 1)Myself, FF Wong: Chairman and CEO; 31.45% 2)Saiman Ernawan: Deputy Chairman, Indonesian businessman; 11.99% 3)Baiduri Holding Bhd: Owned by a member of Brunei Royal family; 11.79% 4)Macondray & Co Inc: Represented by Chew Leong Chee, well known local business man on GLC & Government Statutory Board; 5.46% 5)Sang Chun Holdings Pte Ltd: Represented by Chong Ngien Cheong, Director; 5.0% |
| (Post 232 of 488) 02/26/2003.18:18:10 |
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Hi Mccool,
You wrote: "Mr Wong - I refer to the Nov announcement of 1H results. Please find some points below for your clarification. Thank you. · Should we expect all round profit contribution increase from Engineeering sector, including Salcon, in the second half results? · What is the forecasted Salcon's contribution to Engineering revenue (approx value in % will do) in 2H? · Is Salcon's business international? What has been their share in Singapore in the "design and build of water and effluent treatment plants" business?" We expect our Engineering sector to meet its forecast results for the 2nd half.. The prospects for our process heaters subsidiary in the UK is looking good while Salcon is expected to contribute substantially to our Engineering profits in future. Salcon is international, with 25 years track record, and have done projects in UK, Middle East, Europe, China and S.E. Asia. The prospect for our UK subsidiary is looking good. However due to its focus on Projects overseas, our share of Projects in Singapore is not significant. We hope this will change soon. Rgds, Wong Fong Fui |
| (Post 233 of 488) 02/26/2003.18:20:47 |
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Hi Mccool,
You wrote: "Your bank debt seesm to have increased by $7m or so (from $18m to $25m) from 31/03/02 to 30/09/02. Is this due to debt acquired along with the acquisition of Salcon (i.e. at Salcon level and not at the parent level)? " Inspite of our acquisition of Salcon and EasyCall, our financial position is still very healthy. Yes, there is debt at Salcon level, but manageable. Your information is outdated. Rgds, Wong Fong Fui |
| (Post 234 of 488) 02/26/2003.18:24:16 |
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Hi Mccool,
You wrote: "1 Does Boustead have any products that use your Gardenia experience and market knowledge? Breadmaking equipment for example. If so, what is the contribution of such products to Boustead's financial performance? 2 You once led QAF into Myanmar and started an airline. What have you learnt from that experience, and how would that experience affect your plans for Boustead's business? 3 In what ways are managing QAF and Boustead different?" Boustead is in the business of IT services, Engineering services & Education. QAF & Gardenia focus is in the Food Industry. Our products are therefore very different. I am a Chemical Engineer by training. Without any knowledge on Food & Airline industries, I did well for both the Companies. I feel more confident in managing Boustead businesses which are more in line with my Engineering training & experience. My past experiences have exposed me to doing businesses overseas and in different Industries. However the rules for managing any business well are the same. Beside hard work, we must understand the business, know-how & management must be in place, must have proper cost control and cashflow management, and we must be ready for crisis management. Now I am older, hopefully wiser, I am confident that I can continue my success story in Boustead. Rgds, Wong Fong Fui |
| (Post 235 of 488) 02/26/2003.18:27:03 |
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Hi Warren,
You wrote: "Boustead has placed quite a significant bet on Easycall over the past 2 years. If my calculations are correct(see here) Boustead would have invested in excess of A$10mil into Easycall, and thus far there has been no returns...only losses. What is the strategy here?" As mentioned earlier, our acquisition cost for EasyCall was very low, way below the cash value in the Company. We expect EasyCall to contribute positively from next year. EasyCall core business is in the Education sector in China where we have some good experience. Education is a high growth Industry. Rgds, Wong Fong Fui |
| (Post 236 of 488) 02/26/2003.18:29:20 |
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Hi Warren,
You wrote: "What is the strategy for Easycall?" Strategy for EasyCall is to focus on Education, initially in China. This is a high growth sector. In the 1st year of operation, EasyCall current campus in Tianjin, China already has over 2300 students. By next year, the company should be profitable. We aim to become the 1st University in China using English as the medium of Instruction. Rgds, Wong Fong Fui |
| (Post 237 of 488) 02/26/2003.18:32:41 |
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Hi Mccool,
Thank you for your question, you wrote: "You might have noticed that there is a dearth of information on Easycall, a public listed company. On Masnet, SI database, etc. " Since our acquisition of EasyCall in May 2001, we have been very busy reviewing their business model and operations. Our conclusions were that the businesses of Data Centre, Call Centre and Paging were not Profitable & had no long term Prospects. Hence we decided to close down the Singapore Internet Data Centre operation to cut cost & preserve the cash in the Company. To date, only our Philippines subsidiary still operates the Data Centre & Call Centre while our Malaysian associated company has a small Paging operation. Our new focus in EasyCall is in Education which is a high growth Industry. We have just completed a new College Campus in Tianjin, China, probably the 1st foreign owned Campus is China. Our 1st year intake of students is most promising, over 2300 students. We expect to be profitable next year. Our aim is to become the 1st English medium University in China. Rgds, Wong Fong Fui |
| (Post 238 of 488) 02/26/2003.18:40:53 |
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Dear ShareInvestor forumers,
Thank you for all your questions and the interest in Boustead Singapore Limited. We have come to the end of this Q&A session. I have learnt much from your questions and I hope you have a better understanding of our Company. Have a good night. Best Regards, Wong Fong Fui |
| (Post 239 of 488) 02/26/2003.18:46:04 |
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Thank you Mr Wong. It has been very helpful and I look forward to the next such session with Boustead.
I guess the answer as to whether this is an interactive session has to be NO.
Thank you once again. |
| (Post 240 of 488) 02/26/2003.19:35:59 |
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Management Q&A
Dear SI Forumers, Thank you for your questions posted over the past week to the Mr Wong Fong Fui, Chairman and Group Managing Director of Boustead Singapore. Mr Wong has answered investors' questions in the forum a moment ago. You can find his replies here. Answers to Boustead's Q&A More details on the company can be found in the Investor Relations webpages. Boustead"s Investment Relations webpage Thank You |
| (Post 241 of 488) 02/26/2003.20:15:10 |
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Mccool, Boustead did not answer my questions. I guess Mr Wong is hungry and has to go for his dinner. |
| (Post 242 of 488) 02/26/2003.22:27:43 |
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Mephisto
It will take a while before listed companies dare to do an interactive Q&A. No disrespect meant to Mr Wong, but they have to watch their off-the-cuff written comments. Anyway, it was still beneficial. I appreciate it. |
| (Post 243 of 488) 02/27/2003.17:57:16 |
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Dear SI forumers,
Thank you for your interest in Boustead's Q&A session. I will be replying to the questions posted yesterday during the Answer session.I hope you will have a better understanding of Boustead after this Q&A session. I will repeat each question in blue italics followed by my answers in black. Regards, Wong Fong Fui |
| (Post 244 of 488) 02/27/2003.18:00:43 |
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Dear Mephisto,
You wrote: "Dear Mr Wong, You said "once the Investor Public is more aware of our Company, our activities, our prospects and profitability, we feel that the liquidity should improve". What has the company done or will be doing to make the investor public more aware of your company, its activities and prospects? Does the company plan to do any investor roadshow? Thank you and regards, Mephisto" Thank you for your question. Now that Boustead has been restructured to focus on 3 core Industries, namely IT Services, Engineering Services and Education, we now have to ensure that we can expand these activities to achieve our profit growth and to give Shareholders value. Our half year results were respectable and we hope to grow from strength to strength from now on. Only then would the Investor Public and Analysts take notice of Boustead. It takes time & results to create awareness & interest. As a Public Company, we are obliged to make announcement of any news that has material impact on the Company to the Stock Exchange. Unfortunately the newspaper may not pick it up & the Public may not be aware of such news. Discussion in a Forum like this is one way to create Awareness. An Investor Roadshow is one another possibility, but currently we have no such plan. Rgds, Wong Fong Fui |
| (Post 245 of 488) 02/27/2003.18:02:37 |
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Dear Mr Wong,
Thank you for your kind gesture in coming back today to answer my questions. This definitely reflects well for investor relations. I wish you and Boustead all the best! Regards, Mephisto |
| (Post 246 of 488) 02/27/2003.18:02:57 |
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Dear Mephisto,
You wrote: "Can you enlighten us why Boustead's earnings record has been so erratic in the last few years? " Boustead had its share of problems over the last few years, some businesses performing while other did not. This explained the erratic Earning performances. We had to do some hard soul searching to restructure the Company to move forward. The result is to focus on 3 Industries, namely IT Services, Engineering Services and Education. These are the areas we are more comfortable in and have good track record and experience. We must capitalize on our strength as a Global company with businesses all over the world except North America. After our restructure, we hope our Earnings can grow from strength to strength and to give our Shareholders good value for their Investment. Rgds, Wong Fong Fui |
| (Post 247 of 488) 02/27/2003.18:05:05 |
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Dear Mccool,
Thank you for your question, you wrote: "Dear Mr Wong When will the full year results release be? (Last year, it was some time in June." The full year results should be released by late May or early June 2003. Rgds, Wong Fong Fui |
| (Post 248 of 488) 02/27/2003.18:16:48 |
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Mr Wong... appreciate your efforts! This is the way to go!
Thank you! |
| (Post 249 of 488) 02/27/2003.19:04:22 |
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Dear Mr Wong
It was a pleasant surprise to see your follow-up today. I hope that you have your email alert to ShareInvestor switched on so that you could jump in whenever you're free to spread more understanding among investors about Boustead's business. I'm quite optimistic about the full year performance after this Q&A session as well as on the back of a decent interim report. I hope that the FY results will come in with some pleasant surprises too. Too bad that we have to wait for another 3.5 months or so for the release of the FY results. Cheers. |
| (Post 250 of 488) 02/27/2003.23:01:14 |
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Mr Wong,
I've only now just gone through the entire Q&A session, and must commend you for effort. The one consistent emphasis is the 3 core activities of IT services, Engineering/Oil&Gas Services and Education. It helps keep my focus when analysing the company, and trust provides clear markers for management effort. Thanks for creating the opportunity and taking the time to do this online Q&A. It was most fruitful. Best wishes Warren ps: must start looking to collect the wrts..cheaper than buying the share! |
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