Boustead kept at 'Add' with $2.06 price target by CIMB

Stock Name: Boustead
Company Name: BOUSTEAD SINGAPORE LIMITED

Research House: CIMB

Price Call: BUY

Target Price: 2.06

SINGAPORE (Dec 2): CIMB Research is maintaining its "add" call on Boustead Singapore with an unchanged target price of $2.06.

In a report dated Nov 27 by analysts Roy Chen and William Tng, CIMB says while Boustead's energy infrastructure business heading into 2015 faces some uncertainties due to the recent plunge in oil price. Nevertheless, it continues to like the stock for its diversified business portfolio and the strong track record of its management.