Kingsmen Creatives Awarded Contracts Worth $22 Million

On 13th April 2018, I receive an email notification about Kingsmen Creatives that they have been awarded with contracts worth $22 million for National Day Parade 2018 and National History Event. Despite the good news, it seems that the market did not react positively. As you can see from the chart above, the stock price of Kingsmen Creatives remains flat below 60 cents. The stock market is really irrational.

According to the announcement, the contracts comprise the National Day Parade 2018 and the National History Event valued at S$3 million and S$19 million respectively. The contract for the National Day
Parade 2018 involves the build and fabrication of the temporary stage set infrastructure and supporting structures at The Float @ Marina Bay and is expected to be completed by 2018. Read More

OUE Hospitality Trust – Building On Trust

Just last week, I received the hard copy of OUE Hospitality Trust 2017 annual report in my letter box. The cover page was eye catching. It says “Building On Trust“.

For my own tracking of OUE Hospitality Trust’s performance, I summarize the important points and categorize them into two categories: The Positives and The Negatives. Among the positives, I personally like OUE HTrust for having no loan due until December 2020.

Personally, I think whether OUE Hospitality Trust can earn your trust will really depend if it can continue to grow its Distribution Per Unit (“DPU”) in FY18. Getting more distribution per unit is why we invest in REITs, isn’t it? Read More

Who is The Substantial Shareholder Exiting Boustead?

Last Friday, 9th March 2018, the share price of Boustead plunged to S$0.76. The Company took opportunity and purchased 2,220,400 shares by way of market acquisition as part of its share buy-back programme.  Today, the Company purchased a further 26,705,100 shares by way of market acquisition.

Today, Boustead Singapore said that a substantial shareholder has expressed his intention to make an exit. I am curious who this substantial shareholder is. From FY2017 annual report, the below shows the twenty largest shareholders of Boustead.

A quick google did not show any sudden bad news hitting Boustead. What a steal at S$0.76! At the point of writing this post, the share price of Boustead has recovered back up to S$0.80.