BOUSTEAD Singapore's industrial real estate unit, Boustead Projects, could be on track for a Reit listing in as early as 2020, as existing projects under development bring its leasehold portfolio asset base to S$1 billion by next year, according to CGS-CIMB.

SINGAPORE (Sept 23): CGS-CIMB Research is initiating coverage on Boustead Singapore with an “add” recommendation and a target price of $1.00 – representing an upside of more than 36%. In an initiation report on Friday, lead analyst Ong Khang Chuen notes that the group’s real estate and e...

THE following companies saw new developments that may affect trading of their shares on Friday:

BOUSTEAD Singapore's subsidiary, Boustead International Heaters (BIH), has secured a contract worth about S$100 million from the oil & gas (O&G) industries. 

BOUSTEAD Singapore's subsidiary, Boustead International Heaters (BIH), has secured a contract worth about S$100 million from the oil & gas (O&G) industries. 

SINGAPORE (Aug 22): Boustead International Heaters (BIH) has secured a $100 million contract for a major energy infrastructure development in Europe. The contract involves the design, engineering and supply of waste heat recovery units in the oil and gas industries. BIH is the largest subsidiary in...

MAINBOARD-LISTED Boustead Singapore has reported S$145.6 million revenue for its third quarter, or a 43 per cent increase year-on-year. However, its net profit climbed at a slower pace of 12 per cent to S$8.7 million, mainly due to gross margin pressure, higher overhead expenses, share of ...

SINGAPORE (Feb 13): Boustead Singapore saw its earnings grow 12% to $8.7 million for the 3Q19 ended December, from $7.8 million a year ago. 3Q19 revenue jumped 43% to $145.6 million, from $102.2 million a year ago. This was led by a 70% increase in revenue to $81.3 million from its Real Estate Solu...

SINGAPORE (Jan 21): Shares of Boustead Singapore and Boustead Projects rose on Monday morning. This follows Boustead Singapore’s Friday night announced that Boustead Projects, its 53% owned subsidiary, had won a contract worth over $200 million to design and build Surbana Jurong Campus. As at 10....