Stock Name: Boustead
Company Name: BOUSTEAD SINGAPORE LIMITED
Company Name: BOUSTEAD SINGAPORE LIMITED
| Research House: UOB KayHian | Price Call: BUY | Target Price: 2.06 |
SINGAPORE (Oct 21): UOB-Kay Hian has upgraded Boustead Singapore to a "buy" with a higher target price of $2.06.
This is because the company's fundamentals remain intact despite its share price decline, says UOB-Kay Hian.
Boustead has won four additional contracts worth $157 million in the design-and-build segment that boosted its orderbook backlog to over $452 million.
The first contract is for an Airbus Asia Training Centre to be located at the Seletar Aerospace Pack while the three others are building contracts.
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