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CGS-CIMB ups Boustead Projects' TP to $1.33 after value-unlocking exercise

Felicia Tan
Felicia Tan1/5/2021 05:37 PM GMT+08  • 3 min read
CGS-CIMB ups Boustead Projects' TP to $1.33 after value-unlocking exercise
The brokerage also sees the possibility of special dividends from the company.
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CGS-CIMB Research analyst Ong Khang Chuen has maintained his “add” recommendation on Boustead Projects Limited with a higher target price of $1.33 from 95 cents previously after the company announced the establishment of the Boustead Industrial Fund (BIF) on Dec 31, 2020.

See: Boustead Projects establishes Boustead Industrial Fund

The fund is a private business trust that is set up to invest and manage investments in business parks and industrial and logistics properties.

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