CGS-CIMB Research analysts Lim Siew Khee and Jeremy Ng deem the Straits Times Index (STI) as currently “oversold” following its sharp selloff in November, resulting in a 4.91% dip. This means the index could be bottoming out soon, write the analysts in a Nov 30 Singapore strategy report. “Th...

BOUSTEAD Singapore posted a 2 per cent drop in net profit to S$21.3 million for the half-year ended September, as a result of the resumption of "more normalised" revenue recognition at its real estate unit, Boustead Projects.

BOUSTEAD Singapore posted a 2 per cent drop in net profit to S$21.3 million for the half-year ended September, thanks to the resumption of "more normalised" revenue recognition at its real estate unit, Boustead Projects.

Boustead Projects has reversed into the black with earnings of $5.9 million for the 1HFY2022, compared to losses of $2.2 million in the 1HFY2021. Earnings per share (EPS) for the period stood at 1.9 cents from the loss per share of 0.7 cents in the 1HFY2021. Total profit for the 1HFY2022 stood at ...

Boustead Projects posted a net profit of S$5.9 million for the first half of its financial year ended Sep 30, 2021, marking a reversal from the S$2.2 million loss it saw in the same period a year ago.

Metro, along with its joint venture partner Sim Lian has announced the acquisition of a shopping centre in New South Wales, Australia, for a purchase consideration of about A$132.8 million ($133.9 million). In a release, Metro says Cherrybrook Village Shopping Centre is a freehold property with a si...

BOUSTEAD Projects - which has positioned itself as a leading real estate solution provider for smart, eco-sustainable and future-ready business park and industrial developments across Singapore, China, Malaysia and Vietnam - is not content to rest on its laurels.

Boustead Projects, through its wholly-owned subsidiary, BP-Real Estate Investments, has, together with Roark Capital and Lim Teck Lee Investments (collectively the purchasers), entered into a notes purchase agreement (NPA) with Onward Capital, Fabia Enterprises, Good Crown and Key Trading (collectiv...

BOUSTEAD Projects on Thursday announced that its wholly-owned subsidiary BP-Real Estate Investments, together with private investor-held Roark Capital and Lim Teck Lee Investments, have agreed to acquire S$110 million of notes due 2020 for a consideration of S$117 million.

BOUSTEAD Projects' wholly-owned subsidiary Boustead Projects E&C has been hauled to court for allegedly using unmanned drones at its construction sites without the relevant permits.