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Boustead Secures Major Pharmaceutical Facility Contract

Story Highlights
  • Boustead’s division wins a major contract for a pharmaceutical facility in Singapore.
  • The contract boosts Boustead’s order backlog but won’t impact short-term profitability.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Boustead Secures Major Pharmaceutical Facility Contract

Confident Investing Starts Here:

Boustead Singapore ( (SG:F9D) ) just unveiled an update.

Boustead Singapore’s Real Estate Solutions Division has secured a significant design-and-build contract for a pharmaceutical facility in Tuas Biomedical Park, aimed at enhancing the client’s global network and meeting growing demand for drug discoveries. This contract, along with a previous data center project, increases the division’s order backlog to S$249 million, although it is not expected to materially impact the group’s profitability in the short term.

More about Boustead Singapore

Boustead Singapore Limited is a global infrastructure-related engineering and technology group, primarily involved in the engineering and construction sector through its Real Estate Solutions Division, Boustead Projects Limited. The company focuses on providing design-and-build solutions, particularly in the pharmaceutical sector, leveraging its expertise to deliver specialized facilities that meet high specification manufacturing needs.

Technical Sentiment Signal: Buy

Current Market Cap: $388.4M

Learn more about F9D stock on TipRanks’ Stock Analysis page.

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