Stock Track | Boustead Soars 3.23% in Pre-Market on S$100+ Million Contract Win

Stock Track

Apr 01

Boustead Singapore Ltd's stock soared 3.23% in pre-market trading on Wednesday, driven by the company's announcement of a major contract win.

The company's unit, Boustead Projects E&C, has secured an engineering and construction contract worth over S$100 million to build a 10-storey ramp-up industrial facility at Tukang Innovation Drive in Singapore. The project is being developed through a 50-50 joint venture between Boustead Projects' subsidiary BP-Innovue and Lian Beng Group's subsidiary SLB Development.

This significant contract award has boosted Boustead's Real Estate Solutions Division order backlog to approximately S$400 million, while the group's overall engineering order backlog has increased to around S$600 million. The project completion is targeted within 24 months, providing visibility for future revenue streams.

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The project is being developed through a 50-50 joint venture between Boustead Projects' subsidiary BP-Innovue and Lian Beng Group's subsidiary SLB Development.</p><p>This significant contract award has boosted Boustead's Real Estate Solutions Division order backlog to approximately S$400 million, while the group's overall engineering order backlog has increased to around S$600 million. The project completion is targeted within 24 months, providing visibility for future revenue streams.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"F9D.SI","symbol_name":"宝德新加坡","start_time":0,"source_url":"","article_id":"1161995857","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1161995857","pubTimestamp":1775005316,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Boustead Singapore Ltd's stock soared 3.23% in pre-market trading on Wednesday, driven by the company's announcement of a major contract win.The company's unit, Boustead Projects E&C, has secured an...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"F9D.SI":"宝德新加坡"},"translate_title":"个股追踪|Boustead盘前大涨3.23%获逾亿新元合约","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"F9D.SI":1},"content_text":"Boustead Singapore Ltd's stock soared 3.23% in pre-market trading on Wednesday, driven by the company's announcement of a major contract win.The company's unit, Boustead Projects E&C, has secured an engineering and construction contract worth over S$100 million to build a 10-storey ramp-up industrial facility at Tukang Innovation Drive in Singapore. 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