CGS-CIMB’s Ong Kang Chuen has maintained his “buy” calls for both Boustead Singapore and Boustead Projects with target prices of $1.20 and 95 cents, respectively. 

This is up from his previous target prices of $1 and 88 cents. 

For  Boustead Singapore, Ong noted their 1H core net profit of $25.1 million were above expectations at 82% of our previous FY21F forecast. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook