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CGS-CIMB ups Boustead Projects' TP to $1.33 after value-unlocking exercise

Felicia Tan
Felicia Tan • 3 min read
CGS-CIMB ups Boustead Projects' TP to $1.33 after value-unlocking exercise
The brokerage also sees the possibility of special dividends from the company.
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CGS-CIMB Research analyst Ong Khang Chuen has maintained his “add” recommendation on Boustead Projects Limited with a higher target price of $1.33 from 95 cents previously after the company announced the establishment of the Boustead Industrial Fund (BIF) on Dec 31, 2020.

TAGS
Boustead Projects Limited
Boustead Industrial Fund
revalued net asset value (RNAV)
To Ong
price-to-book value (P/BV)

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