Boustead Projects

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.


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%.


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 $


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.


Boustead Projects JV to develop aerospace and high-tech park in Subang Aerotech Park

SINGAPORE (Mar 25): Boustead Projects is jointly developing an aerospace and high-tech park in the Subang Aerotech Park which will be leased to corporations in the aerospace industry when completed


Boustead Projects unit awarded $70 mil contract for high-tech manufacturing facility

SINGAPORE (Feb 19): Boustead Projects, the specialist in real estate solutions, says its wholly-owned design-and-build subsidiary, Boustead Projects E&C, has won a contract worth over $70 milli


Boustead Projects posts 15% drop in 3Q earnings to $6.8 mil despite revenue surge

SINGAPORE (Feb 12): Real estate solutions specialist Boustead Projects saw its earnings fall 15% to $6.8 million for the 3Q19 ended December, from $8.0 million a year ago.


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

SINGAPORE (Jan 21): Shares of Boustead Singapore and Boustead Projects rose on Monday morning.

Be informed of the stories that matter