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 10.49am, Boustead Singapore shares are up 1.9% to 80.5 cents with 419,000 units of traded while Boustead Projects shares are up 2.3% to 90 cents with 36,000 units traded.

Located at the 600ha Jurong Innovation District, Surbana Jurong Campus will be the integrated advanced development and global headquarters for the Surbana Jurong group.

The contract is Boustead Projects’ largest private sector project to date.

The award of the latest contract has raised the Boustead Group’s order book backlog to approximately $860 million, which consists of unrecognised project revenue remaining at the end of September 2018 plus the total value of new orders secured since then.

Shares of Boustead Singapore, Boustead Projects up on $200 mil contract win

VTAC proposes business combination with live streaming platform 17LIVE

Data is the new oil but is it as dirty?

'Transition credits' could sweeten deal for early retirement of coal-fired power plants: MAS, McKinsey paper

DPM Lawrence Wong appointed as GIC’s deputy chairman

Will the Rising Sun keep rising?

Trade Stocks, ETFs, Forex and Futures with Phillip Nova:

RHB ‘upbeat’ on Raffles Medical’s contract win for providing medical services at Connect@Changi

Redevelopment of Marina Square ‘decent RNAV accretion’ of 4% to 6% for UOL, says Citi

Citi ups TP while DBS keeps 'buy' call on Singtel following long-awaited divestment of loss-making Trustwave

Seven steps for effective fraud analytics for insurers 

Shares of Boustead Singapore, Boustead Projects up on $200 mil contract win

Related News

Highlights

VTAC proposes business combination with live streaming platform 17LIVE

Related News

Boustead Singapore seeks extension to provide exit offer details

SGX RegCo issues notice of compliance to Boustead and Boustead Projects

Boustead Singapore is 'big, bold and beautiful', says OCBC