Boustead Singapore

[greengiraffe]

ah thanks. i do know of the licensing, maintenance as the recurring nature. but boustead perhaps due to competitive issues, doesn't want to break these up. and would say the whole of it is recurring.

i think we are not that demanding to know the rough % out of profit is actually recurring versus not.

I think mr wong has mentioned before that it is around 40-50% of the revenue. Figures might vary a bit year to year

ii) Oil & Gas - oil prices not concern and benefiting from shale gas revolution in North America. Mr Wong mentioned that Dow Chemical is the end client that handed down the $39m contract and BIH appears to be in the running for more. Net margins after tax is 10%.

What happen is that shale gas revolution leads to cheap energy cost. Many companies are practising in-sourcing, and that includes the downstream chemical plants where energy cost is a significant amount or even to use natural gas as feedstock

http://img.en25.com/Web/ICIS/FC0160_CHEM...c90b8c4b09
http://www.plasticsnews.com/article/2012...ne-cracker#

I think the $39 million deal could be for the 2017 cracker plant by Dow.

(vested)

Hi Shanrui,

Thanks once again for the excellent detective work.

We should have our mine at ease on BIH. Fingers crossed BIH hit something on the downstream front and it will then be the beginning of a new dawn.

Cheers
GG