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Boustead Singapore
Broker's Calls
Brokers' Digest: Singtel, Boustead Singapore, UMS Holdings, Wilmar International, MPACT
See what the analysts have to say this week.
February 10, 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 expects stronger 2H for Boustead Singapore, raises TP to $1.35
The analyst expects earnings recovery to happen in 2HFY2023, and foresees a much stronger FY2024.
November 28, 2022
Results
Revenue for Boustead Singapore fall 27% in 1HFY23, but earnings climb 6%
Despite the fall in revenue, the company has declared a dividend of 1.5 cents per share.
November 11, 2022
Billion Dollar Club 2022
ST Engineering makes clean sweep of all award categories; record order book to help sustain earnings growth
ST Engineering is constantly looking for acquisition targets that will be a good strategic fit
November 10, 2022
Broker's Calls
CGS-CIMB lowers Boustead Singapore's TP to $1.30 due to weaker order wins in FY2022
Boustead Singapore’s valuation still remains “attractive”, says CGS-CIMB analyst Ong Khang Chuen.
June 13, 2022
Results
Boustead Singapore reports 73% plunge in net profit of $30.6 million for FY2022
For 2HFY2022, overall revenue was 26% lower y-o-y at $291.5 million.
May 26, 2022
Results
Boustead Singapore net profit falls 2% y-o-y in 1H22
The Board has declared an interim dividend of 1.5 cents per share.
November 12, 2021