Boustead Singapore

Contracts

Boustead Singapore secures RM300 mil E&C contract in Malaysia

The contract brought Boustead’s real estate solutions division’s order backlog to $141 million and Boustead Group’s engineering order backlog to $248 million.

Results

Boustead Singapore reports net profit of $36.0 mil for 1HFY2025, up 34% y-o-y

For the 1HFY2025, the group’s revenue stood at $295.2 million, down 20% y-o-y.

Green loans

Boustead Singapore secures $156 mil green loan from UOB for redevelopment of its logistics warehouse

The property is the first building in the industrial real estate sector to attain both the Green Mark Platinum Super Low Energy awarded by the Building & Construction Authority.

Broker's Calls

OCBC increases Boustead Singapore’s TP to $1.47 after ‘stellar’ FY2024 results

Boustead Singapore, on May 27, reported a net profit of $64.2 million for the FY2024, 42% higher y-o-y.
Boustead reports 42% y-o-y increase in net profit of $64.2 mil for FY2024 - THE EDGE SINGAPORE

Results

Boustead reports 42% y-o-y increase in net profit of $64.2 mil for FY2024

Notwithstanding other gains/losses and impairments and non-controlling interests, net profit would be 101% higher.
OCBC maintains ‘buy’ call on Boustead Singapore ahead of FY2024 results  - THE EDGE SINGAPORE

Broker's Calls

OCBC maintains ‘buy’ call on Boustead Singapore ahead of FY2024 results

OCBC Investment Research maintains ‘buy’ call on Boustead Singapore ahead of FY2024 results

Offer

Boustead Singapore closes exit offer for Boustead Projects shares

Following completion of the exit offer, Boustead Projects will be mandatorily delisted from the official list of the SGX-ST.

Offer

Boustead Singapore extends offer closing date to Jan 10, 2024

The offer was extended from Dec 27 previously.
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