Boustead Singapore - OCBC Investment 2024-05-07: Through The Looking Glass

• As one of the oldest continuous businesses in Singapore, Boustead Singapore (SGX:F9D) is a progressive engineering and technology group with operations spanning Energy Engineering, Real Estate, Geospatial Technology, and Healthcare.

FY24 has been an eventful year for Boustead (1/2)

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

FY24 has been an eventful year for Boustead (2/2)

• In 2HFY24, the focus was on the privatisation of Boustead Project (SGX:AVM), which was officially delisted from the Singapore Exchange (SGX) on 9 Feb 2024. The rationale for this was threefold:
  1. to simplify and optimise the group’s operating structure;
  2. to provide Boustead with greater control and flexibility to mobilise, optimise, and streamline resources across its businesses to improve operations and increase competitiveness; and
  3. to dispense with costs associated with complying with listing and other regulatory requirements, especially as Boustead Project’s shares had low trading liquidity.
• We expect the consolidation of Boustead Project to be accretive to Boustead Singapore in the long run.

Boustead Project's JVs

• Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2025-06-25 Boustead Singapore - Potential Re-rating Catalysts On The Horizon.

Previous report by OCBC:
2025-05-29 Boustead Singapore - Resilience In The Face Of Adversity.

Price targets by other brokers at Boustead Target Prices.

Listing of research reports at Boustead Analyst Reports.

Relevant links:
Boustead Share Price History,
Boustead Announcements,
Boustead Dividend Payout Dates & Corporate Actions,
Boustead News