Boustead Singapore Chart, Support and Resistance

Boustead Singapore:-
1) Engineering services to the oil & gas sector;
2) Geo-spatial technologies for commercial entities and government bodies; and
3) Real estate solutions for industrial and commercial properties (Boustead Projects Ltd - AVM)

Cashflow

26 May 2017

Above 200MA
Trending on 50MA
Await Breakout 0.91
"the severely depressed" global oil and gas industries

Aug 2016
1Q FY2017 revenue of S$113.7 million was 3% lower than 1Q FY2016.

Profit up 11% to S$6.99m

Jan 2017
Earnings of $9.5 million for the 3Q ended Dec 31, 26% higher from $7.5 million a year ago.
Although revenue for the quarter fell by 19% from $115.7 million from $142.3 million, total profit and net profit grew 25% and 26% y-o-y to $14.1 million and $6.5 million respectively due to the group's non-controlling interests at Boustead Projects.