Boustead Singapore Shares at Risk of Near-Term Correction -- Market Talk

Dow Jones
Feb 12

0257 GMT - Boustead Singapore shares are at risk of a near-term correction after it lists its real-estate investment trust, OCBC Group Research analyst Ada Lim says in a note. The engineering and technology company is planning to spin off its logistics and industrial assets into a Singapore REIT. A similar REIT spin-off by Centurion Corp. weighed on its shares, and the same could potentially happen to Boustead Singapore's stock, she says. However, shares might improve over the medium term given greater investor interest in small and mid-cap stocks in Singapore amid the equities market overhaul, she adds. OCBC raises its fair-value estimate to S$2.45 from S$2.02 as shares have exceeded the previous estimate. The bank reiterates its buy rating. Shares are up 0.5% at S$2.20. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

February 11, 2026 21:57 ET (02:57 GMT)

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