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.

Boustead Projects has, on May 5, entered into a strategic collaboration to acquire, develop and own a portfolio of logistics and industrial properties in Vietnam.The collaboration was entered into by the company’s wholly-owned subsidiary, BP-Vietnam Development with Khai Toan Joint Stock Company (...

THE following companies saw new developments that may affect trading of their securities on Friday (May 6): Frasers Logistics and Commercial Trust (FLCT): The real estate investment trust (Reit) on Friday posted a 1.3 per cent rise in distribution per unit (DPU) to S$0.0385 for its first hal...

REAL estate player Boustead Projects announced on Thursday (May 5) that its wholly-owned subsidiary, BP Vietnam Development (BP-VD), has entered into a strategic collaboration with Khai Toan Joint Stock Company (KTG) to acquire, develop and own a portfolio of logistics and industrial propert...