09-11-2010, 10:27 PM
The just released Q3-FY10 results announcement and press release make interesting reading....
http://info.sgx.com/webcoranncatth.nsf/V...6004392E3/$file/BBR_Sep2010FS.pdf?openelement [Results announcement]
http://info.sgx.com/webcoranncatth.nsf/V...6004392E3/$file/BBR_PressRelease3Q10.pdf?openelement [Press release]
BBR possesses proven expertise and track record as a specialist engineering and general contractor in Singapore and Malaysia. The group now has a construction order book of $560.0m which will provide work till 2014. In addition, BBR has -
1. a 48% stake in an associate which has recently completed the super high-end condo "8 Nassim Hill", which still has a few unsold units to be disposed of - likely at good profits - in the coming reporting periods; and
2. a wholly-owned condo project "Lush on Holland Hill" which has been substantially pre-sold, and now under constuction.
3. another medium-size condo project at Simon Lane (off Upper Serangoon Road) to be launched by end-2011.
Based on the much improved profits in the first 3 quarters, I guess a higher final dividend (FY09: $0.005/share) can also be anticipated.
http://info.sgx.com/webcoranncatth.nsf/V...6004392E3/$file/BBR_Sep2010FS.pdf?openelement [Results announcement]
http://info.sgx.com/webcoranncatth.nsf/V...6004392E3/$file/BBR_PressRelease3Q10.pdf?openelement [Press release]
BBR possesses proven expertise and track record as a specialist engineering and general contractor in Singapore and Malaysia. The group now has a construction order book of $560.0m which will provide work till 2014. In addition, BBR has -
1. a 48% stake in an associate which has recently completed the super high-end condo "8 Nassim Hill", which still has a few unsold units to be disposed of - likely at good profits - in the coming reporting periods; and
2. a wholly-owned condo project "Lush on Holland Hill" which has been substantially pre-sold, and now under constuction.
3. another medium-size condo project at Simon Lane (off Upper Serangoon Road) to be launched by end-2011.
Based on the much improved profits in the first 3 quarters, I guess a higher final dividend (FY09: $0.005/share) can also be anticipated.