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Boustead
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Boustead on the move now
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HVRRVH
Elite |
13-Jun-2025 10:21
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Just trust FF Wong. The latest few moves already added significant value to shareholders, namely, the buying back of BPJ, the transfer of fund and property management businesses for a 24.1% stake in Unified Industrial and now exploring reit listing. Its dividend payout yield is also not exactly on the low side.
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Godwinlow
Elite |
13-Jun-2025 08:57
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You are spot on! One perfect example is hong fok!
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Jiyaji
Senior |
13-Jun-2025 08:33
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There is only one playbook for SGX listed co' s of all hues. Sit on land for a long time, enrich yourself, friends and family, while taking leveraging on land with loans from banks to grow the NAV, dish out ridiculously low dividends and when share price is trading at significant discount do either a ' friendly' buyout with low ball offer or list a REIT, while holdng on to majority share. All the innovators are elsewhere.
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tangsookiam1947
Master |
13-Jun-2025 00:07
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Is Boustead adopting the same playbook as Centurion, which has climbed over 50% &mdash from around $1 to the $1.50 range? == 🏨 Centurion&rsquo s REIT Strategy
What This Means
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tangsookiam1947
Master |
12-Jun-2025 19:34
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Boustead-Singapore-Limited-FY2024-Annual-Report-Compressed.pdf See page 47... At the end of FY2024, outside of BIF and KBIL, our wholly-owned and jointly-owned portfolios contained eight completed properties and one property under development, 36 Tuas Road. The key performance metrics take into account completed properties under other real estate platforms in which BIF and KBIL do not have any interest. Market valuation of $1.1 bil... **** Market valuation, GFA, overall committed occupancy and WALE are only for completed properties and assume 100% interest in completed properties. The key performance metrics exclude properties under development a minority investment in Tongzhou, China and investment in THAB iBP@Nusajaya (which is an asset for sale). |
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HVRRVH
Elite |
12-Jun-2025 18:52
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https://links.sgx.com/1.0.0/corporate-announcements/SKN2A6V7OAJHPBTB/37d03c40a22e349adfbcd0b7c7c0f82c6579a4b0b7636752286ba05570570e4b https://www.straitstimes.com/business/companies-markets/boustead-to-hive-off-real-estate-business-subsidiary-to-take-24-1-stake-in-unified-industrial One of the reasons I vested in Boustead was its portfolio of real estates. It seems logical that at some point, Boustead will monetise the assets and market is betting on a reit listing but Boustead instead transfer its fund and property management businesss to UIB sometime in March 2025. Who would know despite the development, Boustead is now looking at listing a reit! Now there is no question I would subsribe to scrip for this round of dividend and looking for price weakness to accumulate a bit more.
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HVRRVH
Elite |
09-Jun-2025 10:31
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Very stong upward momentum. At this rate it is likely that the scrip price would be set above $1, probably between $1.05 and $1.15. Unlikely for me to subscribe to it if that' s the case but it is still very long to go before the scrip election period. Plenty of time to decide.
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HVRRVH
Elite |
31-May-2025 12:47
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Period of election for scrip in lieu of dividend should be between 21/8/25 and 8/9/25. New shares will be credited on 26/9/25. If the share price remain at current level till the announcement of scrip price, then likely the scrip price is going to be just below $1 or even above $1, depending on the amount of discount given. It is unlikely that the discount will be more than 10%. If too pricy may opt for 50/50 scrip and cash. Let' s see. | ||||
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tangsookiam1947
Master |
31-May-2025 09:05
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OCBC raises fair value for Boustead Singapore to $1.46 following FY2025Boustead' s total FY2025 dividend of 7.5 cents implies a yield of 7.2% based on the May 26 closing price of $1.04
Ada Lim of OCBC Investment Research has kept her " buy" call on Boustead Singaporefollowing its FY2025 earnings that was in line with expectations. While the company flagged wider economic uncertainties in the near term, Lim believes that the company is disciplined in managing costs and improving capital efficiency. " We continue to look favourably upon Boustead&rsquo s long-term growth profile as its businesses provide exposure to multiple secular trends," says Lim in her May 29 note, as she raised her fair value on this counter from $1.39 to $1.46. |
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tangsookiam1947
Master |
29-May-2025 23:46
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Yes... if the sale is completed, it would be another big bonanza for Boustead. | ||||
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Jiyaji
Senior |
29-May-2025 07:32
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Sale of Como Orchard is in the news for about 6 months now. IMHO the spike yesterday was more because of the good results and the dividend.
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tangsookiam1947
Master |
28-May-2025 20:43
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🏨 Prime Orchard Road Asset Hits the Market: Como Orchard Listed at S$680M A Boustead Singapore-led joint venture is reportedly preparing to sell Como Orchard, a freehold hotel and retail development located at 28 and 30 Bideford Road, with an asking price of S$680 million. Acquired for S$515 million in 2022, the 18-storey property has been transformed into a luxury lifestyle destination. It houses the 156-room Como Metropolitan Singapore, which opened in September 2023 under the management of the Christina Ong-led Como Group. The hotel spans levels 6 to 18, featuring a rooftop pool and wellness amenities. The lower floors accommodate curated retail spaces and dining establishments. This potential sale reflects strong investor confidence in Singapore' s hospitality sector and the enduring appeal of Orchard Road real estate. 🔗 Read the full article: https://www.businesstimes.com.sg/property/commercial-industrial/boustead-jv-seen-putting-como-orchard-market-s680-million-asking-price #SingaporeRealEstate #HospitalityInvestment #OrchardRoad #BousteadSingapore #COMOGroup #PropertyMarket |
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SmallSmall
Supreme |
28-May-2025 16:48
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New high @ $1.13. High goes higher...OCBC target $1.39 |
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Joelton
Supreme |
28-May-2025 12:02
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Boustead shares rise to a 4-year high on robust earnings and dividend boost
Company&rsquo s shares hit their highest price in a decade as the engineering group sees a 58% increase in net profits
[SINGAPORE] Shares of Boustead : F9D +4.81% rose on Tuesday (May 27) morning after the engineering and technology group reported a jump in net profit.
As at 9.52 am, the counter climbed to S$1.09, up 4.8 per cent or S$0.05 higher than its Monday closing price of S$1.04, with 466,100 shares changing hands, ShareInvestor data showed. This is the highest price Boustead shares have risen to in four years &ndash the last time this happened was in July 2021.
The counter remained at S$1.09 as at 2.25pm after the midday trading break, with 1.9 million shares transacted.
The firm had on Monday posted a 58 per cent increase in net profit to S$59.1 million for the six months ended Mar 31, compared with the year-ago period.
The mainboard-listed company said in a bourse filing that profits had increased despite a dip in revenue due to lower tax income and a one-off gain.
A final dividend of four Singapore cents per share has also been proposed, with an additional special dividend of two Singapore cents per share. The total dividend proposed and paid for FY2025 will be 7.5 Singapore cents, compared with 5.5 Singapore cents in FY2024.
Going forward, the group said that elevated geopolitical tensions and a protectionist trading environment threatens global manufacturing supply chians and may cause energy market disruptions that would impact the core businesses of the group, though it remains cautiously optimistic.
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HVRRVH
Elite |
27-May-2025 14:13
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Likely to announced scrip price shortly after XD. As long as we have SG address or are Singaporeans should qualify for scrip if we want.
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Joelton
Supreme |
27-May-2025 10:21
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Boustead&rsquo s H2 profit up 58% at S$59.1 million
A 42% drop in revenue to S$231.9 million was offset by a one-off gain of S$29 million and lower income tax expense
[SINGAPORE] Engineering and technology group Boustead Singapore : F9D -0.95%&rsquo s net profit for the six months ended Mar 31, 2025, increased 58 per cent to S$59.1 million compared to the year-ago period.
This came despite revenue decreasing 42 per cent to S$231.9 million over the same time frame.
On a per-share basis, earnings for the half were 12 Singapore cents, up from 7.8 Singapore cents in the year-ago period.
The mainboard-listed company said in a bourse filing on Monday (May 26) that profits had increased despite a dip in revenue due to lower income tax expenses and a one-off gain.
The drop in revenue was a result of significantly lower revenue from Boustead Projects and lower revenue from the energy engineering division on lower order backlog carried forward at the end of FY2024.
For the six months, income tax expense narrowed to S$9.2 million from S$14.9 million, while there was a S$29 million gain on the non-cash transfer of the Boustead Projects fund management business to UIB.
In March, Boustead agreed to transfer its fund and property-management businesses to Hong Kong-based real estate company Unified Industrial. As part of the agreement, Boustead Singapore&rsquo s subsidiary BP-Unity took a 24.1 per cent stake in Unified Industrial.
For the 2025 financial year, the group&rsquo s net profit was up 48 per cent at S$95 million, from S$64.2 million in FY2024, while revenue was down 31 per cent at S$527.1 million from S$767.6 million in FY2024.
The group said that similar factors affected both half and full-year results.
For FY2025 by segment revenue, the group&rsquo s geospatial business increased 4 per cent to S$221.4 million its real estate solutions business revenue was down 64 per cent at S$134.3 million its energy engineering business down 9 per cent at S$158.9 million and its healthcare segment up 14 per cent at S$12.1 million.
A final dividend of four Singapore cents per share has been proposed, with an additional special dividend of two Singapore cents per share. The total dividend proposed and paid for FY2025 will be 7.5 Singapore cents, compared to 5.5 Singapore cents in FY2024.
The group said that its real estate solutions segment was &ldquo affected by the significantly lower order backlog carried forward at the end of FY2024 and hampered by challenging and severe business conditions and business development activities&rdquo .
Group gross profit in FY2025 was 3 per cent higher at S$233.3 million, with gross margin of 44 per cent, compared to 30 per cent in the previous year, &ldquo due to good cost management on executed projects&rdquo .
The group notes that for a comparative review, after adjusting for other gains/losses, impairments and other exceptional adjustments, all net of non-controlling interests, net profit for FY2025 would have been 8 per cent higher year-on-year.
Going forward, it said that elevated geopolitical tensions and a protectionist trading environment threatens global manufacturing supply chains and may cause energy market disruptions that would impact the core businesses of the group, though it remains cautiously optimistic.
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Jiyaji
Senior |
27-May-2025 08:26
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I too would subscribe if the reinvestment price is ~0.96-0.98 However, something is missing in the announcement ... it reads ...
Shareholders entitled to the Dividends will be eligible to participate in the Scrip Dividend Scheme subject to the terms and conditions of the Scrip Dividend Scheme (the &ldquo Scheme Statement&rdquo , annexed to this announcement), and may elect to receive in Shares in respect of all (or part thereof) of his/her entitlement to the Dividends. But there is NO Annexe!!!
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tangsookiam1947
Master |
26-May-2025 21:54
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with consistent profitability and earnings per share of nearly 20 cents, the company seems well-positioned to sustain a baseline dividend of at least 6 cents per annum. Understandably, the Group has always taken a conservative capital management approach
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HVRRVH
Elite |
26-May-2025 21:33
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Huat! 6 cents dividend this round, whole FY 7.5 cents. Yield on cost 6.5% but if factored in accumulated dividends of 21 cents over last 4 years, the yield on cost is about 8%. This FY' s dividend include a 2 cents SD so history is unlikely to be repeated. Nonetheless, if Boustead can maintain a base dividend of about 6 cents, it is already very good. Would subscribe for scrip dividend if the offer price is below $0.965.
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tangsookiam1947
Master |
26-May-2025 19:41
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Boustead FY2025: Net Profit Up 48% Despite Revenue Dip Boustead Singapore (SGX:F9D) posted a strong set of FY2025 results:
Solid performance in a tough year. Group remains resilient and optimistic heading into FY2026. 📎 Full media release here |
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