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CGS-CIMB ups Boustead Projects' TP to $1.40 on attractive valuation and portfolio

Felicia Tan
Felicia Tan • 3 min read
CGS-CIMB ups Boustead Projects' TP to $1.40 on attractive valuation and portfolio
Re-rating catalysts on the counter include stronger order wins or further asset injection into the Boustead Industrial Fund.
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CGS-CIMB Research analyst Ong Khang Chuen has maintained his “add” recommendation on Boustead Projects with a higher target price of $1.40 from $1.33 despite the company’s FY2021 results coming in below expectations.

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Boustead Projects Limited
Broker's calls
CGS-CIMB Research

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