Added to YB: 2026-09-16
Pitch date: 2026-05-01
F9D.SI [bullish]
Boustead Singapore Limited
-24.52%
current return
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 893.4M
Pitch Price
SGD 2.32
Price Target
3.97 (+124%)
Dividend
5.65%
EV/EBITDA
4.76
P/E
3.80
EV/Sales
1.01
Sector
Construction and Engineering
Category
value
Boustead: Engineering Upside Through an Underappreciated Segment.
F9D.SI: Boustead Singapore’s underfollowed energy-engineering division, 30% of group revenue, could benefit from oil-and-gas capacity expansion outside the Middle East and repair work at damaged regional facilities. Limited analyst coverage and, second, the conglomerate structure obscure this exposure. A SOTP with a 30% conglomerate discount yields S$3.97 per share, implying 96% upside; contract wins are the clearest catalyst, while cautious client FIDs and leadership succession remain risks.
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