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Boustead bags business award for being nimble

Published
3 hours ago
  [/url]
[url=http://www.straitstimes.com/authors/jeremy-koh]Jeremy Koh

Back in the 1960s, Boustead Singapore was a major distributor of some of the biggest brands here, including Procter & Gamble, Cadbury, and Johnnie Walker.
As these companies started to set up their own offices here over the years, Boustead found itself having to adapt and change.
Instead of looking for other products to distribute, it switched to offering infrastructure-related engineering services.

Its transformation began when current chairman Wong Fong Fui purchased a controlling stake in 1996. Mr Wong, who is now also Boustead's chief executive, relied on his experience as an engineer to grow the firm's engineering business locally and abroad.
"In order to survive this long, you just have to adapt to the times," said Mr Keith Chu, vice-president of corporate marketing and investor relations at Boustead Singapore.
Boustead, which embarked on the new engineering path, is one of 50 firms to be awarded the Singapore Golden Jubilee Business Awards.
The award, a Singapore Business Federation-led initiative, recognises companies for achievements and contributions over the decades.

Boustead jumped more than 7% today, starting around noon. No major news or announcements on SGX. Anything we should be aware of?

Vested.

I bet probably long overdue acquisition coming.
<vested>

(04-11-2015, 09:54 PM)ksir Wrote: [ -> ]I bet probably long overdue acquisition coming.
<vested>

That's the issue...
If its due to an acquisition or something along those lines... its not announced yet = not public information = market sensitive information = if prices have started running up = someone buying on information not readily available = insider trading

I noticed that's the case in quite a few instances... prices run up followed by some news that's released AFTER the spike in prices.
But whenever SGX queries, the reply is always standard. I can even memorise it by now. "... unaware of anything that would cause this blahblah..."

<vested>

(05-11-2015, 10:29 AM)GFG Wrote: [ -> ]

(04-11-2015, 09:54 PM)ksir Wrote: [ -> ]I bet probably long overdue acquisition coming.
<vested>

That's the issue...
If its due to an acquisition or something along those lines... its not announced yet = not public information = market sensitive information = if prices have started running up = someone buying on information not readily available = insider trading

I noticed that's the case in quite a few instances... prices run up followed by some news that's released AFTER the spike in prices.
But whenever SGX queries, the reply is always standard. I can even memorise it by now. "... unaware of anything that would cause this blahblah..."

<vested>

I thought that's always almost the case? 
it's very hard to track I guess? 
Like 1 of the executive in the meeting or in the potentially acquired co, could just ask their friend or family to buy? 

Having said that, even if it's really acquisition, likely to be a depressed co (based on FF Wong's style). 
so the hike in price doesn't justify that right? 

Probably it's just another Mr Market moody moves. Move it move it.
<vested>

(05-11-2015, 10:35 AM)ksir Wrote: [ -> ]

(05-11-2015, 10:29 AM)GFG Wrote: [ -> ]

(04-11-2015, 09:54 PM)ksir Wrote: [ -> ]I bet probably long overdue acquisition coming.
<vested>

That's the issue...
If its due to an acquisition or something along those lines... its not announced yet = not public information = market sensitive information = if prices have started running up = someone buying on information not readily available = insider trading

I noticed that's the case in quite a few instances... prices run up followed by some news that's released AFTER the spike in prices.
But whenever SGX queries, the reply is always standard. I can even memorise it by now. "... unaware of anything that would cause this blahblah..."

<vested>

I thought that's always almost the case? 
it's very hard to track I guess? 
Like 1 of the executive in the meeting or in the potentially acquired co, could just ask their friend or family to buy? 

Having said that, even if it's really acquisition, likely to be a depressed co (based on FF Wong's style). 
so the hike in price doesn't justify that right? 

Probably it's just another Mr Market moody moves. Move it move it.
<vested>

http://www.valuebuddies.com/thread-158-p...#pid121818

Trading halt today pending announcement.

Could be a transformation deal in the making as Boustead Projects remains traded...

If it is linked to Uncle Xi's visit will be a big coup for FF and Boustead Sing...

(06-11-2015, 09:03 AM)egghead Wrote: [ -> ]Trading halt today pending announcement.

Again another example of the share price moving before news becomes public.

Yeah, sometimes it goes down after the announcement as well. Can't think of anything other than acquisition.