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Home / Capital / Brokers Calls

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

Broker's Calls

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

Felicia Tan Published on Tue, Jan 05, 2021 / 5:37 PM GMT+8

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