Added to YB: 2026-05-01
Pitch date: 2026-04-30
F9D.SI [bullish]
Boustead Singapore Limited
Author Info
No bio for this author
Company Info
Boustead Singapore Limited, an investment holding company, provides energy engineering, real estate, geospatial, and healthcare technology solutions in Singapore, Australia, Malaysia, the United States, Europe, rest of Asia Pacific, North and South America, the Middle East, and Africa.
Market Cap
SGD 1.2B
Pitch Price
N/A
Price Target
3.97 (+66%)
Dividend
2.25%
EV/EBITDA
11.68
P/E
12.79
EV/Sales
1.86
Sector
Construction and Engineering
Category
value
Boustead: Engineering Upside Through an Underappreciated Segment.
F9D.SI: Energy engineering division (30% rev) poised to benefit from Iran war & Strait of Hormuz closure driving global O&G capex surge. Serves 70% of top 20 energy corps w/ mission-critical equipment. Catalysts: (1) buildout outside Mideast (2) $50B+ repair costs for damaged facilities. SOTP valuation $3.97 (+96% upside) w/ 30% conglomerate discount. Key risk: CEO 83yrs old succession to son.
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