Boustead Projects

Broker's Calls

Strong demand to drive growth for Boustead Singapore

SINGAPORE (July 15): Boustead Singapore last week released its FY20 results which were in line with expectations.

Broker's Calls

Boustead Projects to unlock significant value despite slow recovery ahead

SINGAPORE (July 15): CGS-CIMB Research has maintained its “add” recommendation on Boustead Projects Limited (BP) with a lower target price of 88 cents, compared to 93.1 cents previously.

CoVid-19

What lessons should Singapore learn from the Covid-19 crisis?

SINGAPORE (Apr 17): The International Monetary Fund (IMF) just released shockingly downbeat forecasts showing the world economy contracting nastily this year.

CoVid-19

Covid-19 within workers' dorms to crimp construction sector

SINGAPORE (Apr 17): Two months ago, 22-year-old Murugan left his village in Tamil Nadu to work for a construction company in Singapore.

Investing ideas

Boustead Projects started at 'buy' on strength of 'overlooked assets', possible REIT spin-off: UOB Kay Hian

SINGAPORE (Jan 17): Having made its name as a real estate solutions provider, Boustead Projects’ focus is naturally on its core engineering expertise.

M&A

Boustead Projects unit to buy Tampines industrial building for $77.4 mil

SINGAPORE (Oct 1): BP-TPM, a 51%-owned joint venture of Boustead Projects, has entered into a sale and purchase agreement to acquire the leasehold interest of an industrial building at 6 Tampines I

Broker's Calls

CGS-CIMB starts Boustead on 'add' as it fires on all cylinders

SINGAPORE (Sept 23): CGS-CIMB Research is initiating coverage on Boustead Singapore with an “add” recommendation and a target price of $1.00 – representing an upside of more than 36%.

Results

Boustead Projects 1Q earnings down 53% to $4.7 mil on absence of one-off gains

SINGAPORE (Aug 7): Boustead Projects reported 1Q20 earnings of $4.7 million, 53% lower compared to the $10 million in 1Q19, on absence of one-off gains from sale of 25 Changi North Rise in FY19.

Broker's Calls

CGS-CIMB has eyes on Boustead Projects after order book hits record

SINGAPORE (June 21): Boustead Projects, the industrial property designer and building solutions provider, is now on the radar screen of CGS-CIMB Research after its order book hit a record high of $

Results

Boustead Projects records 2% dip in 4Q earnings to $5.7 mil despite revenue surge

SINGAPORE (May 23): Real estate solutions specialist Boustead Projects posted a 2% drop in earnings to $5.7 million for the 4Q19 ended March, compared to restated earnings of $5.8 million for 4Q18.

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