Wolf Money(Boustead projects 1H2023 result)

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(Somewhat confident outlook from management)


The company reported a 30 percent increase in profit. Real Estate and Vietnam business contributing to the uplifting of profit. The company is guiding better profit compare to last year. Overall I think it is a good start to the new financial year after the lifting of covid restrictions in Singapore. The company is in a net cash of 155m about 49.5c cash per share even after the big purchase of Bideford Building. Asset value stood at $1.265. More detail commentary at my end of the month portfolio update. Cheerio 👋 

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Disclaimers 

All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.



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