Boustead Singapore stock analysis
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Boustead Singapore (F9D) Share Price & Analysis
F9D Stock Chart & Stats
- Day’s Range
- SGD 1.59 - SGD 1.74
- 52-Week Range
- SGD 1.55 - SGD 2.64
- Previous Close
- SGD 1.62
- Volume
- N/A
- Average Volume (3M)
- 741.10K
- Market Cap
- SGD 845.18M
- Enterprise Value
- SGD 593.30M
- Total Cash (Recent Filing)
- SGD 367.62M
- Total Debt (Recent Filing)
- SGD 83.19M
- Price to Earnings (P/E)
- 3.6
- Beta
- 0.63
- Next Earnings
- May 27, 2027 (Est.)
- EPS Estimate
- N/A
- Next Dividend Ex-Date
- Nov 20, 2026
- Dividend Yield
- 4.13%
Bulls Say, Bears Say
Bulls Say
Conservative Leverage
Consistently low leverage gives Boustead financial resilience and reduces the burden of interest and refinancing obligations. A stronger equity base also provides flexibility to fund projects, property activities, and technology services while preserving capacity to withstand operating volatility.
Improved Profitability
The 2026 rebound in revenue alongside a very high net margin indicates substantial earnings potential across the group’s activities. If execution remains effective, stronger profitability can support internal funding, reinforce the balance sheet, and improve the company’s ability to pursue future opportunities.
Business Diversification
Boustead operates across engineering, industrial and logistics real estate, geospatial technology, and healthcare-related activities. This breadth gives the group multiple sources of revenue and reduces reliance on a single operating market, potentially supporting resilience as demand cycles differ between segments.
Bears Say
Weak Cash Conversion
The shift to negative operating and free cash flow means reported 2026 profits were not converted into cash, weakening financial quality despite strong earnings. If this persists, Boustead may have less internally generated funding for investment, distributions, or absorbing project-related cash requirements.
Revenue And Margin Volatility
Large year-to-year changes in revenue and margins make the group’s underlying earnings power less predictable. Such variability can complicate planning, reduce confidence that elevated profitability will persist, and expose results to the timing and execution of projects and property activities.
Uneven Returns On Equity
Uneven returns on equity suggest that profitability or asset efficiency has not been consistently strong even with a conservative capital structure. This may limit the durability of shareholder returns and indicates that balance-sheet strength has not translated into stable operating performance across periods.
F9D FAQ
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Company Description
Boustead Singapore
Boustead Singapore Limited, a global investment holding firm, provides specialized solutions across three core sectors: energy engineering, real estate development, and advanced geospatial and healthcare technologies. Its international footprint covers Africa, the Asia Pacific, Australia, Oceania, Europe, the Middle East, and both North and South America. In its energy engineering capacity, Boustead develops, constructs, and delivers direct-fired process heating systems, waste heat recovery units, and related components for the oil and gas, petrochemical, and wider energy industries. The company also offers comprehensive emergency shutdown and process control systems for upstream oil and gas operations. These include pneumatic, hydraulic, or PLC-based wellhead control panels, hydraulic power units, integrated control and safety shutdown systems, topside automation, chemical injection skids, fire and gas systems, and SCADA solutions. Furthermore, Boustead specializes in water and wastewater treatment facilities, catering to clients in the oil and gas, petrochemical, pharmaceutical, power generation, semiconductor, and defense sectors, as well as municipal entities. Its expertise extends to the design, engineering, and supply of mini-power plants, waste-to-energy recovery facilities, and associated combustion technologies. Boustead's real estate division provides design-and-build services and development expertise for industrial parks and commercial business developments. Its property activities encompass ownership, management, and rental of various properties, alongside the development of industrial spaces for lease or sale. Supporting these endeavors, the company offers a suite of services including management, professional training, project management, design, construction, property-related consultancy, private business trust and real estate trustee functions, and property fund management. Within the technology domain, Boustead delivers geographic information systems (GIS) and location intelligence solutions, and serves as a distributor for Esri geospatial technology. Additionally, it supplies medical solutions for age-related chronic conditions and mobility issues, complemented by data set services. Founded in 1828, the company is headquartered in Singapore.
- Sector
- Industrials
- Industry
- Conglomerates
- CEO
- Fong Fui Wong
- Employees
- 1,439
- Website
- www.boustead.sg
- Address
- No. 08-01 Edward Boustead Centre, Singapore, CE, 408832, SG
Boustead Singapore (F9D) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 11 | 4 | 6 |
| Technical Analysis | 3 | 4 | 2 |
| Moving Averages | 8 | 0 | 4 |








