- Boustead Singapore (SGX:F9D)’s FY24 (Apr 2023 to Mar 2024) revenue jumped 37% y-o-y to S$767.6m, supported by broad-based growth across all business segments with the exception of Healthcare.
- Gross profit increased by 44% y-o-y to S$226.7m, with gross profit margin expanding slightly from 28% in FY23 to 29.5% in FY24.
Stellar FY24 results that beat our expectations
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
A yield of ~4%
- Boustead has proposed a final dividend of 4.0 Singapore cents per share, representing a yield of ~4% based on last close price of S$0.995 as at 27 May 2024, which investors may choose to receive in cash and/or scrip.
- Together with the interim dividend of 1.5 Singapore cents per share, this brings Boustead's dividend for FY24 to 5.5 Singapore cents per share, up 37.5% y-o-y and constituting 122% of our forecast.
Real Estate Solutions Division revenue increasing 30% y-o-y
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
Ada Lim OCBC Investment Research | https://www.iocbc.com/ 2024-05-30
Read also OCBC's most recent report:
2024-11-15 Boustead Singapore - Bottom Line Beat Despite Challenging Global Environment.
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 Dividends & Corporate Actions,
Boustead News Articles
