Improving prospects on Real Estate and Geospatial technology segments should re-write the Boustead narrative.On a SOTP basis, I think Boustead should trade at $1.45 per share, an upside of 85% from current levels. This makes Boustead share price undervalued.While the value creation will not happen overnight, investors who own the stock in the long run should do quite well.
Overview
Boustead Singapore Limited (SGX:F9D) is a global Infrastructure-Related Engineering and Technology Group. Boustead focuses on the niche engineering and development of key infrastructure to support sustainable socio-economic growth in global markets. For example, their Energy Engineering Division and Real Estate Division centres on energy infrastructure and smart eco-sustainable business park and industrial developments. Boustead has 4 business segments, Energy Engineering, Real Estate, Geospatial and Healthcare. Business Overview of Boustead Singapore
Improving prospects on Real Estate and Geospatial technology segments should re-write the Boustead narrative
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