Home Capital Broker's Calls

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.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now