Boustead Singapore

Property and engineering group Boustead Singapore is tackling one of the worst crises in its history — the Covid-19 pandemic.

But as Wong turns 77 this year, his time at the helm of the company may be drawing closer to the end.

Boustead says the contract is expected to have a positive material impact on the profitability and earnings per share, in the current financial year ending March 31, 2021.

Strong demand to drive growth in Boustead Singapore

CGS-CIMB Research has maintained its “add” recommendation on Boustead Projects Limited (BP) with a lower target price of 88 cents, compared to 93.1 cents previously.

Excluding the impairment losses and gain on the sale of 25 Changi North Rise, the group says net profit for 2H20 and FY20 would have been 48% and 34% higher y-o-y respectively.

UOB Kay Hian is initiating coverage on infrastructure-related engineering and technology group Boustead Singapore.

SINGAPORE (Sept 23): CGS-CIMB Research is initiating coverage on Boustead Singapore with an “add” recommendation and a target price of $1.00 – representing an upside of more than 36%.

SINGAPORE (Aug 22): Boustead International Heaters (BIH) has secured a $100 million contract for a major energy infrastructure development in Europe.

SINGAPORE (Feb 19): Boustead Projects, the specialist in real estate solutions, says its wholly-owned design-and-build subsidiary, Boustead Projects E&C, has won a contract worth over $70 million.