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Boustead Projects
Results
Boustead Projects posts earnings of $10.7 million in 2HFY2023, up 97% y-o-y
Boustead Projects is proposing a final dividend of 0.7 cents per share and special dividend of 0.7 cents per share.
May 25, 2023
Offer
Boustead Projects seeks three-month extension to comply with free float rule
Boustead Projects adds that Boustead Singapore is “exploring various options” to comply with the listing rules.
April 05, 2023
Offer
Boustead Projects' IFA PrimePartners calls privatisation offer 'not fair' but 'reasonable'
PPCF values Boustead Projects at between $1.17 and $1.38 per share.
March 13, 2023
Company in the news
Boustead Singapore revises privatisation offer for subsidiary Boustead Projects to 95 cents
The revised offer price of 95 cents is below Boustead Projects' last traded price of 99 cents
February 22, 2023
Global Markets
This Valentine's Day, I can’t help falling in love with oldies but goodies
In the stock market, not many companies or stocks can withstand the test of time if they don't reinvent themselves
February 16, 2023
Offer
SIAS urges Boustead Singapore to improve privatisation offer for subsidiary Boustead Projects
SIAS calls for an offer price closer to the NAV of $1.265
February 16, 2023
Broker's Calls
CGS-CIMB estimates Boustead Projects' privatisation offer to see 11.5% EPS accretion for Boustead Singapore in FY2024
Boustead Singapore’s cash offer of 90 cents per share implies a valuation of $281.9 million for Boustead Projects.
February 08, 2023
Offer
Boustead Singapore makes 90 cent per share privatisation offer for Boustead Projects
The proposed acquisition would allow it to focus on rebuilding its business as a private limited company.
February 06, 2023
Insider moves
Boustead Singapore raises stake in subsidiary; Sarine Technologies continues buybacks
Since the start of FY2023, Boustead has secured around $320 million in new contracts, bringing its order book to $452 million.
December 14, 2022
Broker's Calls
CGS-CIMB ups Boustead Projects' TP on strong order book and stronger-than-expected 1HFY2023 earnings
CGS-CIMB's Ong Khang Chuen has also upped his EPS estimates for FY2023 to FY2025 by 41% to 56%.
November 24, 2022