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 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.  

Boustead Singapore reported a 90% decline in net profit of $9.3 million for its 2HFY2022 ended March 31, bringing the full-year net profit to $30.6 million, 73% lower y-o-y.After adjusting for other gains and losses net of non-controlling interests, impairments and the Jobs Support Scheme, net profi...

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 Singapore reported 13% higher y-o-y total profit of $25.9 million for 1HFY2022 ended September, while net profit fell 2% y-o-y at $21.3 million. After adjusting for other gains and losses net of non-controlling interests, impairments and the Jobs Support Scheme, net profit for 1HFY2022 woul...

BOUSTEAD Singapore has had a decent performance in spite of the pandemic year. For FY2021 ended March, it recorded a slight dip in revenue but generated record net profit.

Boustead Singapore has announced the appointment of Mak Lye Mun as an independent non-executive director of the company, from July 29. Mak is currently a member of the inaugural SGX Listings and Advisory Committee as well as the Listing Committee for ADDX (ICHS Tech) which looks into investments in ...

CGS-CIMB Research analyst Ong Khang Chuen has kept “add” on Boustead Singapore with an unchanged target price of $1.40 following the group’s record performance for the FY2021 ended March. The target price, says Ong in a May 28 report, is still based on a 20% discount to its sum-of-the-parts (S...

Boustead Singapore has reported earnings of $91.3 million for the 2HFY2021 ended March, 394% higher than earnings of $18.5 million in the same year before. This brings earnings for the FY2021 to $113.1 million, 266% higher than earnings of $30.9 million in the FY2020. The group’s full-year earning...