Monday, June 21, 2010

Boustead

1.strong balance sheet with 180m cash
2.trustworthy mgmt
3.5 years of growth records
4. 5 % div yield at 0.80 cts
5. diversified biz but low barriers of entry
6.latest announcements of entry into Bio-treat pose some challenges but good proxy to water treatment market in China
7.some property developments in Lybia also have hiccups
8. FF Wong has 33% in Co. , some insiders are also buying but not aggressive
9. ROE at 30%
10. P/B at 1.88 is high

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