Boustead Singapore - OCBC Investment 2024-11-15: Bottom Line Beat Despite Challenging Global Environment

• Boustead Singapore (SGX:F9D)'s 1HFY25 (financial year ending 31 Mar 2025) revenue fell 20% y-o-y to S$295.2m, mainly driven by lower revenues from Energy Engineering and Real Estate Solutions divisions.

PATMI jumped 34% y-o-y on margin expansion & reversal of impairment loss

• - Read this at SGinvestors.io -
• Boustead’s 1HFY25 revenue & PATMI constituted 55.2% & 72.6% of our initial full year forecasts, respectively.
• - Read this at SGinvestors.io -
• Boustead has declared an interim dividend of 1.5 Singapore cents per share, which is flat y-o-y and is due to be paid out on 2 Dec 2024.

The Geospatial Division continued to shine bright as the crown jewel in Boustead’s portfolio of businesses

• 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:
2025-11-11 Boustead Singapore - Steady Trudge.

Previous report by OCBC:
2025-09-19 Boustead Singapore - Proposed REIT Listing Taking Shape.

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