Boustead: One Of The Most Undervalued Stocks On The Singapore Exchange

Published 11/15/2012, 12:50 AM
Updated 07/09/2023, 06:31 AM
SGXL
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On 17 Oct 12 we had bought Boustead at $0.8200.

Yesterday, Boustead (E1:F9D.SI) announced earnings growth of 43% for 1Q2012 (see below). This growth rate is fantastic. Many companies are not able to produce this kind of earnings in this challenging environment.

Today Boustead is trading at $0.9650. The stock has since appreciated 17%. In addition the stock pays a dividend yield of 7% based on our entry price. This means that while we are waiting for the stock to appreciate in value, we are being rewarded 7% dividend per year.

In our opinion Boustead is one of the most undervalued stocks now trading on the Singapore Exchange.

Boustead-financial1

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