| Latest Forum Topics / Boustead Last:1.06 -- |
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Boustead on the move now
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finjungle
Senior |
15-Mar-2025 15:35
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Thank you for the masterpiece. With that buying and holding is a no brainer. Just buy and buy. See the results of the share price, UP or DOWN.
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tangsookiam1947
Master |
14-Mar-2025 17:22
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🚀 Boustead is Hugely Undervalued &ndash A Deep Value Play at Just $1.07! 🔥At $1.07, Boustead Singapore is trading at just one-third of its estimated sum-of-parts value, which easily exceeds $3 per share! The market is severely mispricing this asset-rich, cash-generating company with strong recurring income and high-growth potential. 📈 Earnings Power vs. Dividend Payout &ndash A Clear Mismatch
💰 Strong Net Cash Position &ndash A Fortress Balance Sheet
💎 Hidden Value: COMO Hotel at 30 Bideford RoadBoustead owns the ultra-luxurious COMO Metropolitan Hotel in Orchard, sitting on prime freehold land at 30 Bideford Road.
🌍 Geospatial Division &ndash A High-Growth, Recurring Revenue PowerhouseBoustead&rsquo s Geospatial division (which distributes Esri ArcGIS, the world' s leading geographic information system) is a fast-growing, cash-generating business with strong government and enterprise contracts.
📢 Key Growth Catalysts &ndash Why Boustead Won&rsquo t Stay Cheap for Long✅ Strategic restructuring into a Pan-Asian logistics platform via its stake in UI Holdings (UIH) ✅ Strong recurring income from fund management and logistics real estate ✅ Exposure to high-growth industrial, logistics, and geospatial tech sectors ✅ Record-high deferred orders in the geospatial division, ensuring robust future earnings ✅ Massive net cash position of S$274.1 million &ndash financial strength for future growth 🚀 The Market is Sleeping &ndash Smart Investors Won&rsquo tAt just $1.07, Boustead remains one of the most undervalued stocks on SGX, with multiple high-quality assets, strong earnings, and significant upside potential. 📢 This deep value play won&rsquo t stay hidden forever! 🚀 💎 ⚠ ️ Caveat: DYODD (Do Your Own Due Diligence) This post is not financial advice. Always do your own research and assess risk factors before investing. Markets can be unpredictable, and past performance is not always indicative of future results. Invest wisely! 💡 📊 |
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HVRRVH
Elite |
13-Mar-2025 13:16
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New 52-week high. More to come, FF Wong never fail to deliver. | ||||
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Joelton
Supreme |
13-Mar-2025 12:02
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Boustead Singapore to hive off real estate business subsidiary to take 24.1% stake in Unified Industrial
Singapore-listed company says proposed transaction will facilitate future capital-raising opportunities
[SINGAPORE] Boustead Singapore&rsquo s subsidiaries have entered into a master share subscription agreement with Hong Kong-based real estate company Unified Industrial and will form a new logistics platform called UIB.
The Singapore-listed company has agreed to transfer its fund and property-management businesses to Unified Industrial.
As part of the agreement, Boustead Singapore&rsquo s subsidiary BP-Unity will take a 24.1 per cent stake in Unified Industrial. The 35,505,812 new ordinary shares which will be issued will have a total subscription value of US$78.6 million.
Boustead Singapore said on Wednesday (Mar 12): &ldquo For over 20 years, the group has worked closely with government agencies to provide local and foreign end-users with industrial real estate solutions in Singapore. During this time, with Singapore&rsquo s evolving industrial scene, project costs have risen significantly in tandem with increasingly complex and sophisticated real estate solutions, particularly in high-value segments that require specialised fit-outs.
&ldquo In providing such real estate solutions to industrial end-users, (the group) has had to invest substantial capital from its balance sheet to comply with regulatory and commercial requirements for the company to own majority stakes in certain industrial projects.&rdquo
Boustead Singapore said it is of the view that the proposed transaction will be in the best interest of the group as it will facilitate future capital-raising opportunities.
The group may no longer need to commit substantial co-investment positions for funding future development projects in Singapore and Vietnam, which allows for the allocation of capital to other investments that may generate potentially higher returns for the shareholders of the company, added Boustead Singapore.
&ldquo The proposed transaction will result in geographic diversification into the Japan and China markets and potentially to other identified growth markets.&rdquo
Subject to the successful execution of business plans in the next five years, the transaction could potentially create value for the group given its stake in a regional Pan-Asian logistics and industrial platform.
On a pro forma basis, the proposed acquisition is expected to lift Boustead Singapore&rsquo s net tangible assets attributable to owners of the company to S$524.2 million from S$502.5 million, assuming the transaction had taken place on Mar 31, 2024, at the end of the company&rsquo s last financial year.
Earnings per share would have risen to 16.8 Singapore cents from 13.4 Singapore cents.
The new platform, UIB, will target real estate opportunities in high-growth sectors, particularly in logistics and data centres, both of which are experiencing growing demand driven by e-commerce, digitisation and regional supply chain realignment in the Pan-Asia region.
UIB will have US$3.5 billion of assets under management across Japan, China, Singapore and Vietnam.
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HVRRVH
Elite |
13-Mar-2025 01:09
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Indeed the real estate segment got hive off but no reit listing, instead it was exchange for 24.1% stake in a HK company called UIH. The 24.1% stake is valued at US$78.6m.
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tangsookiam1947
Master |
11-Mar-2025 21:53
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it is a FREEHOLD HOTEL in the prime Orchard Area!.... Even if they dont sell it, the market value will increase over time! boustead is really so undervalued. Sum of parts valuation probably more than $3 easily... Market price is only about $1...Soon, Mr market will realize it... DYDD...
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MrBear12
Supreme |
11-Mar-2025 19:02
Yells: "Peace and goodwill to all" |
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If they want to sell soon
Lower the price to 600 to 650k
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tangsookiam1947
Master |
11-Mar-2025 18:56
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if Boustead can pull this Como Orchard Deal off, i think it will be a BIG HUAT!!.... Boustead' s market cap is barely $500mil. The Como hotel can be sold at $680mil!! DYDD... |
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tangsookiam1947
Master |
10-Mar-2025 22:45
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Boustead bought during crisis ... Now that interest rate is trending down, it is best time to fetch a SUPER GOOD PRICE!!... Best if they can sell for $700mil!!... $680mil is too cheap!
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MrBear12
Supreme |
10-Mar-2025 07:14
Yells: "Peace and goodwill to all" |
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Boss Tang, not heard anything yet on the street. Mrbear thinks if they lower their asking price to 600 million they may find a genuine buyer sooner. maybe cdl wants to acquire? Or hotel properties?? Or far east hospitality??? or just knock it down and develop residential cum commercial???? trade with possibilities
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tangsookiam1947
Master |
09-Mar-2025 21:12
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any news on the sales of COMO orchard? | ||||
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governor
Senior |
28-Jan-2025 12:49
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Wolf Money(portfolio update end Jan 2025)early release Boustead related Chinese New Year Happy Lunar New Year to all my readers. I wish you the best of luck and happiness in the year of the snake. May you profit greatly from your investment. I remember as a kid, Chinese New Year was a big thing. Preparation starts a month before the actual day. From spring-cleaning to giving the house a fresh coat of paint. From making enough Wu Xiang to last for the first 15 days of the new year to deck out the whole house with CNY decor. It has always been a rush to the big date. My mum will be cooking all sorts of food, from curry to braised meat. It has always been a joyous occasion. Everyone in my household was looking forward to having a good celebration. https://lonewolfinvestor.blogspot.com/2025/01/wolf-moneyportfolio-update-end-jan.html |
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governor
Senior |
10-Jan-2025 09:43
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Wolf Money(Boustead Singapore sold)https://lonewolfinvestor.blogspot.com/2025/01/wolf-moneyboustead-singapore-sold.html |
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governor
Senior |
31-Dec-2024 12:44
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Wolf Money(portfolio review end 2024) Boustead Singapore related Commentary My thoughts and prayer go to the families and victims of the failed Jeju Air flight 7C2216. I wish all the affected passengers and family members of the victims a speedy recovery. I thought I had seen everything after living through life for close to half a century, but 2024 never fails to amuse me. Return of Trump, a $6.2m Banana, a 6 hours martial law in South Korea, Crypto at $100k, Syrian dictator, Assad, as sad he can be is out of power and the shocking death of a friend. If 2024 was unpredictable, buckle up, here comes 2025. https://lonewolfinvestor.blogspot.com/2024/12/wolf-moneyportfolio-review-end-2024.html?m=1 |
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governor
Senior |
02-Dec-2024 17:17
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Wolf Money(Boustead Singapore)situational The below article is for educational purpose only. Kindly refrain from taking any action. It shouldn& rsquo t constitute as an investment advice. Please read the disclaimer. https://lonewolfinvestor.blogspot.com/2024/12/wolf-moneyboustead-singaporesituational.html?m=1 |
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tangsookiam1947
Master |
21-Nov-2024 20:41
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BOUSTEAD REAL ESTATE SOLUTIONS DIVISION SECURES SIZEABLE MYR300M E& C CONTRACT IN MALAYSIA SINGAPORE, 21 NOVEMBER 2024 Boustead Singapore Limited (SGX:F9D) (&ldquo Boustead&rdquo ), a progressive global infrastructure-related engineering and technology group, is pleased to announce that its Engineering & Construction (&ldquo E& C&rdquo ) business, under the Real Estate Solutions Division (Boustead Projects Limited (&ldquo BP&rdquo )), has secured a sizeable E& C contract in Malaysia valued at around MYR300 million (approximately S$90 million)1. The contract was secured under BP&rsquo s subsidiary, BPX Sdn. Bhd. The project involves the building of a four-storey data centre, an adjacent two-storey substation and pumphouse together with its cooling systems, with expected completion by the end of FY2026 (as defined below). This is BP&rsquo s first data centre project in Malaysia, having delivered several notable projects in the country, including facilities for several Fortune 500 corporations in the logistics, pharmaceutical and semiconductor sectors. In Singapore, BP previously constructed a 30,000 square metre integrated data centre and office facility located at Ang Mo Kio Industrial Park. Managing Director of the E& C business, Mr Thomas Chu said, &ldquo We are heartened that the ramping up of efforts overseas have earned us this sizeable project. As one of the largest E& C contracts secured in Malaysia to date, this is an exciting win for the team, enabling us to replenish our order backlog. We look forward to delivering a customised facility that leverages on our deep design-and-build expertise.&rdquo Mr Chu added, &ldquo The current dampened macroeconomic environment has led to a notable slow down of industrial developments in Singapore. In addition, we remain cautious and selective in taking on high-risk projects under a volatile market. Though Singapore is still our home ground, we will continue to expand our presence in key overseas markets through pursuing and securing high-value added contracts, building on our track record as a real estate solutions provider in the industrial space.&rdquo This contract has significantly boosted Boustead&rsquo s Real Estate Solutions Division&rsquo s order backlog to S$141 million and the Boustead Group&rsquo s engineering order backlog to S$248 million (unrecognised project revenue remaining at the end of 1H FY2025 (as defined below) plus the total value of new orders secured since then). The above contract is not expected to have material impact on the Boustead Group&rsquo s profitability and earnings per share as well as tangible assets per share collectively in the financial year ending 31 March 2025 (&ldquo FY2025&rdquo ) and 31 March 2026 (&ldquo FY2026&rdquo ). -- END OF COMPANY ANNOUNCEMENT -- | ||||
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HVRRVH
Elite |
21-Nov-2024 14:27
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Only marginal correction after XD. Very strong fundementals with potential of listing its portfolio of real estates in reit in the future. Not so soon as reits facing headwind now. Reiterate add but only if drop below $1, at least that' s for me. | ||||
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HVRRVH
Elite |
13-Nov-2024 10:56
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Despite having higher profits 1H25 on 1H24, the management decided to play it safe and pay the same amount of interim dividend. With the enlarged sharebase due to DRIP, they have in fact paying more in dividends and FY24' s dividend is 37.5% more than FY23. Still can continue to collect when share price dip below $1.
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Joelton
Supreme |
13-Nov-2024 10:13
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Boustead Singapore posts 34% higher H1 profit of S$36 million
Revenue for the period is 20% lower year on year at S$295.2 million
INFRASTRUCTURE-RELATED engineering and technology group Boustead Singapore : F9D -0.96% posted a 34 per cent rise in net profit to S$36 million for its first half of FY2025 ended Sep 30, 2024.
The increase in net profit from S$26.9 million in the previous year was mainly due to higher gross profit and interest income, said the mainboard-listed company in a regulatory filing on Tuesday (Nov 12).
Among other key factors for the rise included a reversal of impairment loss, partially offset by other losses and larger overhead expenses, added the group.
Additionally, net profit was bolstered by increased average shareholding in its real estate solutions division, Boustead said.
Notably, Boustead Singapore&rsquo s revenue was 20 per cent lower year on year at S$295.2 million, compared with S$367.9 million in the previous corresponding period.
Overall revenue was mainly affected by decreased contributions from the energy engineering and real estate solutions divisions, said the group.
The results translated to earnings per share of S$0.075, up 33.9 per cent from S$0.056 in the corresponding year-ago period.
An interim dividend of S$0.015 per share was declared, unchanged from a year earlier. The dividend will be paid on Dec 2, after book closure on Nov 22.
Boustead Singapore&rsquo s real estate solutions arm saw revenue fall mainly due to decreased revenue recognition in light of the engineering and construction business&rsquo significantly lower order backlog carried forward at the end of FY2024, compared to a year prior.
Business conditions in the first half of this financial year continue to remain &ldquo extremely challenging&rdquo , the group noted.
The energy engineering division&rsquo s lower revenue was also largely due to decreased revenue recognition from a lower order backlog carried forward.
Global energy prices have tapered and business development activities have moved at a &ldquo slightly slower pace&rdquo as compared to the year prior, said the group. It attributed its muted order intake for the period to unfavourable market demand for oil and gas projects.
Meanwhile, revenue from the healthcare division was boosted by a single turnkey contract under a non-core business line, added the group.
Its geospatial division also saw higher revenue on the back of continued stable demand for geospatial technology and smart mapping capabilities in the region.
Said Boustead Singapore&rsquo s chairman and group chief executive officer, Wong Fong Fui: &ldquo As we navigate through the present challenges and adversities, our healthy balance sheet and solid business fundamentals will pull us through the troughs of business cycles.&rdquo
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Joelton
Supreme |
18-Oct-2024 14:55
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Boustead Singapore secures $156 mil green loan from UOB for redevelopment of its logistics warehouse
Mainboard-listed Boustead Singapore F9D has secured a green loan of approximately $156 million from UOB for the ongoing redevelopment of its logistics warehouse at 36 Tuas Road.
According to an Oct 17 release, the property is Singapore' s first logistics warehouse and the first building in the industrial real estate sector to attain both the Green Mark Platinum Super Low Energy and five badges awarded by the Building & Construction Authority (BCA), under the updated BCA Green Mark 2021. The five badges include: intelligence, health and wellbeing, resilience, maintenance and whole life carbon.
The five-year secured green loan falls under UOB&rsquo s sustainable finance framework for green building developers and owners and represents the third green loan Boustead has secured from UOB.
Proceeds from the loan are expected to fund the ongoing redevelopment of the property into a multi-tenant logistics hub, owned by Boustead Real Estate Fund, which is set to be completed in early 2025.
Samuel Lim, managing director of Boustead Real Estate, says: &ldquo We are pleased to continue our green financing journey with UOB through this third loan and have secured a collective total of $343 million of secured green loans with the institution to date. Boustead Projects &rsquo commitment to integrating sustainability within our business remains steadfast and achieving Singapore&rsquo s first industrial Green Mark Platinum Super Low Energy enhances our portfolio of quality green projects in the industrial space.&rdquo
Following the group&rsquo s achievement of the award, Boustead says sustainability has &ldquo been integrated at the onset, from the design stage of the development&rdquo of the property.
On completion, the property is expected to feature &ldquo best-in-class&rdquo energy-efficient features that is set to achieve up to an estimated 42.6% of energy savings through reducing air-conditioning and lighting consumption.
The property will also include a climatic responsive facade to reduce building heat gain, a high-efficiency air distribution system, a hybrid cooling system and solar power generation system to minimise energy consumption.
Additionally, the group adds that the property will feature high floor loading, direct ramp access and &ldquo good&rdquo ceiling heights to cater to contemporary supply chain and manufacturing operations.
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