(See also: Boustead Singapore reports 18% rise in FY17 earnings to $33.3 mil)
SINGAPORE (May 24): CIMB Research is maintaining its “add” call on Boustead Singapore and raising its target price to 96 cents from 88 cents previously while noting a strong balance sheet for potential mergers and acquisitions (M&As).
This comes after the infrastructure-related engineering services and geo-spatial technology group on Tuesday posted its FY17 earnings results, where core net profit came in above expectations at 118% of what CIMB forecasted.
