- Boustead (SGX:F9D) is a quality business and we think there is a possibility of re-rating in the near term.
- Boustead’s healthy balance sheet and strong net cash position also lend potential for the company to deploy cash through further investments and inorganic acquisitions to unlock value for shareholders.
20% price gain since our last update.
- - Read this at SGinvestors.io -
- an exceptional gain of S$29m from the transfer of Boustead’s fund and property management businesses to Unified Industrial (UIB); as well as
Potential beneficiary of efforts to revitalise the Singapore equity market.
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