CGS-CIMB Research analyst Ong Kang Chuen has maintained his “add” rating on Boustead Singapore. He has also raised his target price on the stock from $1.30 to $1.35, predicting that the company will see a better 2HFY2023 ending March 31, 2023.On Nov 11, Boustead Singapore recorded a core net pro...

CGS-CIMB Research analyst Ong Khang Chuen is keeping his “add” call on Boustead Projects after the company reported earnings of $7.7 million for the 1HFY2023 ended Sept 30, 30% higher y-o-y.Based on Ong’s estimates, Boustead Projects’ half-year earnings stood above his expectations at 65% of...

Boustead Singapore has reported a 27% fall in revenue for its 1HFY2023 ended Sept 30, but total profit and net profit were 8% and 6% higher year-on-year at $27.8 million and $22.6 million respectively.This was mainly due to increased interest income and significant currency exchange gains, and reduc...

Boustead Projects has reported earnings of $7.7 million for 2HFY2022 ended Sept 30, up 30% y-o-y, as it booked higher interest income, earnings contributed from associates and joint ventures.Revenue, in the same period, however, was down 34% y-o-y to $117.7 million, due to lower revenue booked from ...

BOUSTEAD Projects’ wholly-owned engineering and construction subsidiary, Boustead Projects E&C, has been awarded a S$300 million design-and-build contract, the real estate solutions provider announced on Monday (Jul 18).

Boustead Projects E&C, the wholly-owned engineering & construction (E&C) subsidiary of Boustead Projects, has been awarded a contract worth $300 million.The contract is awarded by a Fortune 500 corporation to design and build an integrated manufacturing, logistics and office facility in ...

THE following companies saw new developments that may affect trading of their securities on Monday (Jul 18):

BOUSTEAD Projects has acquired an 18-storey freehold luxury mixed-used development along 28 and 30 Bideford Road through its 50 per cent-owned joint venture of the group’s wholly-owned subsidiary, BP-Real Estate Investment.

The shareholders of Bideford House are BP-Real Estate Investment, Roark Capital and Lim Cher Meng Realty, who own a respective stake of 50%, 25% and 25%. The shareholders are not related to one another. Roark Capital Ltd and Lim Cher Meng Realty are investment holding companies of private investors....

CGS-CIMB Research analyst Ong Khang Chuen is keeping his “add” call on Boustead Singapore as he expects the company to record a better performance in the FY2023.“We see FY2023 to be a year of recovery. Geospatial segment, Boustead’s key profit contributor, should resume growth with structura...

CGS-CIMB Group Research analyst Ong Khang Chuen has kept an “add” rating on Boustead Projects with a lowered target price of $1.25 from $1.40.Boustead Project’s FY2022 ended March core net profit of $11.3 million as compared to the $3.1 million loss in FY2021 came in slightly above Ong’s exp...

CGS-CIMB has lowered its target prices on Boustead Singapore (Boustead) and its real estate subsidiary Boustead Projects, while reiterating its “add” call on both stocks after viewing their valuations as attractive.  

THE following companies saw new developments that may affect trading of their securities on Thursday (May 26):

REAL-estate solutions provider Boustead Projects reported a 91 per cent fall in earnings to S$11.3 million for FY 2022 ending Mar 31, down from S$131.7 million the year before, as a result of the absence of a one-off gain.