Boustead Singapore's stock surged 3.03% during the intraday session on Monday, driven by investor optimism over the company's strategic move to list UI Boustead REIT on the SGX.
The proposed REIT listing aims to unlock value from Boustead's real estate portfolio, including four Singapore logistics and industrial properties. This move is expected to monetize the portfolio's market value and enable capital recycling, with proceeds potentially funding new design-and-build projects. The company's engineering backlog stands at S$396 million as of September 2025, further bolstering investor confidence.