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Boustead F9D - Potential Further Mark Up



Boustead F9D - Potential Further Mark Up
S$1.02

Company just reported its financials 2 weeks ago, revenue and earnings rebounded with it's energy and industrial real estate solution divisions are seems benefiting from industry trends.

Stock is fairly valued at PE ratio of 7.60x, while dividend yield is at 5.39%p.a. OCBC recently wrote a research report on Boustead, with valuation at S$1.47.

First technical target, S$1.11 zone, stop below S$0.99.

Disclaimers apply

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