Boustead Projects

Boustead Projects’ investment in Vietnam property fund is a step towards next leg of growth: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

Boustead Projects’ investment in Vietnam property fund is a step towards next leg of growth: CGS-CIMB

CGS-CIMB says the acquisition provides more clarity on how Boustead Projects plans to utilise its significant cash holdings.
Boustead Projects signs option to purchase 49% stake in Vietnam real estate fund co-sponsored by KTG for $17 mil - THE EDGE SINGAPORE

M&A

Boustead Projects signs option to purchase 49% stake in Vietnam real estate fund co-sponsored by KTG for $17 mil

The Vietnam logistics and industrial fund will be seeded with 13 assets, including Boustead Industrial Park Phases 1, 2A and 2B.

Broker's Calls

Boustead Singapore set for another good year: CGS-CIMB

CGS-CIMB anticipates a special DPS of 7 cents for FY21 following Boustead Project's value-unlocking exercise.
Boustead Projects launches Boustead Industrial Fund, completes divestment of 14 properties - THE EDGE SINGAPORE

Funds

Boustead Projects launches Boustead Industrial Fund, completes divestment of 14 properties

The fund has been seeded with 14 properties with a total market valuation of $511.3 mil.
Boustead Projects establishes Boustead Industrial Fund - THE EDGE SINGAPORE

Funds

Boustead Projects establishes Boustead Industrial Fund

Assuming that the proposed transactions had been completed on March 31, 2020, the company's EPS would have been at 45.8 cents.

Broker's Calls

CGS-CIMB maintains 'buy' for Boustead Singapore and Boustead Projects with raised target prices

CGS-CIMB has maintained “buy” calls for both Boustead Singapore and Boustead Projects with target prices of $1.20 and 95 cents.
Boustead Singapore reports 76% surge in 1H earnings to $21.8 mil on stable y-o-y revenue and better gross margins - THE EDGE SINGAPORE

Results

Boustead Singapore reports 76% surge in 1H earnings to $21.8 mil on stable y-o-y revenue and better gross margins

The board has declared an interim dividend of 1 cent per share for the period, same as the year before.

Company in the news

Boustead stays the course

Property and engineering group Boustead Singapore is tackling one of the worst crises in its history — the Covid-19 pandemic.

Company in the news

Passing the Boustead baton

But as Wong turns 77 this year, his time at the helm of the company may be drawing closer to the end.

Company in the news

Boustead Projects subsidiary receives legal letter on civil and associated works damages from Veolia ES

Boustead Projects E&C says it is currently seeking formal legal advice on the matter, but it intends to “vigorously dispute” Veolia’s “unreasonable” claim.
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