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Boustead
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Boustead on the move now
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tangsookiam1947
Master |
22-Apr-2026 22:42
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net cash of $0.65 + EPS ($0.15 to $0.20) x PE of (10 to 12 times) ...Final answer👉 Valuation range: $2.15 to $3.05 per share
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JurongW
Elite |
21-Apr-2026 19:08
Yells: "Earnings give weight, Chart give wings" |
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Possibly on the way to $2.30 this week. Anyone keen to know how far it can go on the chart, just give a holler. |
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tangsookiam1947
Master |
21-Apr-2026 18:47
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maybe big special dvd? Boustead really has too much NET cash position !!!!...
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jpower2015
Member |
21-Apr-2026 09:44
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papa mama! big DIV ah? Suddenly shot up 5% | ||||
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JurongW
Elite |
20-Apr-2026 03:46
Yells: "Earnings give weight, Chart give wings" |
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Now when i see the word " stock" in a larger font, it set me thinking that the spelling must be correct. Just imagine if the alphabet " t' is left out, it becomes sock so if spelled wrongly due to fast typing, it literally mean $2.50 to $3.0 sock. Mr Tang - Pls dont get offended...no pun intended. |
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tangsookiam1947
Master |
18-Apr-2026 15:31
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it is easily a $2.5 to $3.0 stock..
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tangsookiam1947
Master |
18-Apr-2026 08:31
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Boustead is no longer just a builder of industrial properties &mdash it is quietly transforming into a capital platform. Through its stake in UIB Holdings Limited and the creation of UI Boustead REIT, it is shifting from using its own balance sheet to managing and deploying external capital at scale. Think of it like upgrading from owning a single shop to running an entire franchise network &mdash growth is no longer limited by how much cash it has, but by how much capital it can attract and manage. Importantly, by partnering with a fund managed by Macquarie Asset Management, Boustead gains access to institutional-scale capital, global networks and platform capabilities &mdash without needing to build everything from scratch. This opens up a much larger runway. With UIB already starting at around US$3.5 billion in assets under management, Boustead now has the foundation to scale regionally across Japan, China and potentially the wider Asia-Pacific. More importantly, its build &rarr inject &rarr recycle model creates a repeatable loop &mdash develop assets, sell into the REIT, retain a stake, and redeploy capital again. Over time, this transforms earnings from one-off development profits into recurring income streams (REIT dividends + potential fund management fees), which are typically more stable and command higher valuations. In essence, Boustead is not just building assets anymore &mdash it is beginning to plug into a much larger capital ecosystem. While Boustead does not fully control the platform (with about a 24% stake in UIB), this structure is actually strategically advantageous. It allows the company to benefit from scale, capital access and platform exposure, while avoiding the heavy lifting and risks of building a fund management business entirely on its own. Think of it as owning a meaningful stake in a global investment machine &mdash Boustead contributes its development expertise and pipeline, while leveraging a much larger engine to accelerate growth. If executed well, this positions Boustead to evolve into a multi-layered ecosystem player &mdash part developer, part asset owner, part capital manager &mdash with significantly expanded long-term upside.
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HVRRVH
Elite |
17-Apr-2026 15:34
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Trying to reclaim previous high of $2.29 before announcements of results and very likely, the special dividend? It is good enough for me if it hit and stay above $2.2 post results announcemement, which should be before end of May 2026. | ||||
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jpower2015
Member |
13-Apr-2026 09:26
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WOW! this little monster still price up in red market | ||||
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Nippon72
Veteran |
12-Apr-2026 20:50
Yells: "Dude, is ALWAYS Time in the market than Timing the market! " |
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Bought using SRS & OA so that won' t be distracted by the spike/plunge, noises or urge to take early profits. Mentally forces me to think long term. One of the " conglomerate" kind of shares I intend to keep long for both capital gain & divvy income. Can let it brew till I am 63 for drawdown plan. If it ever reaches 20c EPS, my loved ones (hopefully grandkids by then) will probably be very happy. Vested |
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tangsookiam1947
Master |
11-Apr-2026 20:26
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I believe the EPS will rise above 20 cents in the years to come...
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tangsookiam1947
Master |
11-Apr-2026 20:25
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own Boustead since pre-COVID days.... Boustead is worth more than $3 easily.... Just need to wait patiently for Geo-spatial and UIB platform to scale up in a few years time....delicious dividends on the way for the long term and patient investors!
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HVRRVH
Elite |
11-Apr-2026 12:55
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First bought this stock in 2021 for its good and sustainable dividend yield, plus solid book value which was largly below the actual market value. Continue to buy till 2025 even though by 2024 and 2025 it was 12% and 8% paper loss respectively without factoring in dividends. Last purchase was $1.72 in Nov 2025 which by then already sitting with almost 100% unrealise capital gain. I think Boustead has now finally reach stable state by forcing the market to take cognizant of its property values by listing UI Boustead Reit. At first, I was reclunctance to hold UIB to avoid concentration and related company risks. However, I think UIB price is too attractive now. When dust finally settle which should begin with maiden dividend, there is no reason why UIB cannot be around $1. Therefor, I have started to buy UIB with a small position. If the low price persist, it may compel me to buy more. Let' s see. | ||||
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tangsookiam1947
Master |
07-Apr-2026 19:56
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Boustead&rsquo s Scaling Engine &mdash From Base Earnings to Compounding Platform Boustead today already stands on a solid base. Its geospatial segment anchors about 9&ndash 10 cents of EPS, with engineering and development adding another 3&ndash 5 cents on a normalised basis. That gives us a steady 12&ndash 15 cents core earnings &mdash think of this as the &ldquo engine that keeps the car moving&rdquo , reliable and recurring even before any platform upside kicks in. What&rsquo s getting interesting is the second layer &mdash the UIB + REIT platform. Today it contributes around 4&ndash 5 cents per share, but this is still early innings. If we look at how platforms like Mapletree Logistics Trust or Ascendas REIT scaled, the playbook is clear: build &rarr inject &rarr recycle &rarr repeat. Over time, what starts small can compound into a much larger earnings engine. If UIB follows a similar path, this layer alone could grow into 10&ndash 16 cents per share. Putting it together, we&rsquo re looking at ~18&ndash 21 cents EPS today, with a clear path toward 22&ndash 26 cents and potentially beyond as the platform scales. At a conservative 10× PE plus ~65 cents net cash, that points to meaningful upside. The key shift here is structural &mdash Boustead is moving from lumpy project earnings to a model driven by recurring, compounding income. That&rsquo s how value quietly multiplies over time.
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HVRRVH
Elite |
07-Apr-2026 17:15
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2H results will be out in late May. Special dividend is expected and therefore, price is likely to hover around current level. Nonetheless, have set price alert at $1.79 and if it comes to that, hopefully can add a little. | ||||
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JurongW
Elite |
01-Apr-2026 01:45
Yells: "Earnings give weight, Chart give wings" |
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BOUSTEAD PROJECTS AWARDED ENGINEERING & CONSTRUCTION CONTRACT FOR INDUSTRIAL FACILITY IN SINGAPORE https://links.sgx.com/1.0.0/corporate-announcements/S9H2P8MJEMUQ8A94/881373_Boustead%20Announcement_BP-Awarded-Engineering-and-Construction-Contract-for-Industrial-Facility-in-Singapore-31.03.2026.pdf |
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JurongW
Elite |
28-Mar-2026 14:55
Yells: "Earnings give weight, Chart give wings" |
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tangsookiam1947
Master |
28-Mar-2026 14:29
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Boustead at S$1.88 &mdash Still More Inside the Box At S$1.88, a big part of Boustead&rsquo s value is already visible. Net cash (~S$0.60&ndash 0.65) plus its UI Boustead REIT stake (~S$0.40) adds up to about S$1.00&ndash 1.05 per share. That means we are paying just ~S$0.80&ndash 0.90 for the entire operating business. Core Business Undervalued Within that, the Geospatial division alone &mdash a steady, recurring earnings engine &mdash could arguably justify close to S$1.00 per share on conservative assumptions. Yet the market is pricing the whole core business at below that. Everything else &mdash Engineering upside, COMO Orchard, Vietnam platform &mdash is effectively thrown in at very modest value. Not Driven by Geopolitics Importantly, Boustead&rsquo s core earnings are not heavily tied to the Middle East or oil cycles. Geospatial is driven by enterprise demand, and Engineering is diversified. The business itself is more stable than the share price might suggest. The Bottom Line We are essentially paying for cash and a listed REIT stake, while getting a quality operating business and optional upside at a discount. At this level, it is not about whether value exists &mdash it is about whether it gets recognised over time. Disclaimer This post is for informational and educational purposes only. It does not constitute financial advice, investment recommendation, or an offer to buy or sell any security. Investors should conduct their own due diligence, consider their personal financial circumstances and risk tolerance, and consult a licensed financial adviser where appropriate. Past performance is not indicative of future results, and investing in equities carries risk of capital loss. |
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Joelton
Supreme |
25-Mar-2026 11:00
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Boustead Projects secures Phase 2 fit-out contract exceeding $50 mil from repeat Fortune 500 client
Boustead Projects E& C, Boustead Singapore&rsquo s engineering and construction business under its real estate solutions division, has been awarded a second phase fit-out contract by a repeat client, a Fortune 500 corporation.
The contract, worth over $50 million, will see Boustead Projects E& C conducting fit-out works of over 5,500 sq m within the finished integrated manufacturing, logistics and office facility in Singapore. The company had already delivered the building in 2024.
This latest contract has raised Boustead Singapore&rsquo s real estate solutions division&rsquo s order backlog to $343 million. The contract has also brought the Boustead Group&rsquo s engineering order backlog to $506 million. The figure is made up of the group&rsquo s unrecognised project revenue as at its 1HFY2026 ended Sept 30, 2025, results plus the total value of new orders secured since then.
The first phase of the integrated manufacturing, logistics and office for Boustead&rsquo s client has achieved the Green Mark Platinum rating with two badges, Health & Wellbeing and Intelligence, under the Building & Construction Authority&rsquo s revised Green Mark Certification Scheme 2021.
&ldquo We are honoured to have the continued trust of our client and would like to thank them for engaging us again for an additional project phase. Having delivered several projects for this client, we remain committed to supporting their continued growth in Singapore,&rdquo says Thomas Chu, managing director of Boustead Projects E& C.
The contract is expected to materially impact Boustead Group&rsquo s profitability and earnings per share (EPS) for the financial year ending March 31, 2027.
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tangsookiam1947
Master |
24-Mar-2026 23:23
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Sub-80 Cents for the Whole Business? At ~S$1.75, back out ~S$0.65 net cash and ~S$0.40 from UI Boustead REIT &mdash we are left with ~S$0.70&ndash 0.80 for the entire core business. That includes:
In plain terms, the market is pricing the &ldquo engine of the company&rdquo at less than 80 cents. That&rsquo s like valuing the cash and investments properly&hellip and almost ignoring the business itself. Either the market is overly pessimistic &mdash or it doesn&rsquo t believe the value will ever be unlocked. At this level, expectations are already very low.
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