BOUSTEAD SINGAPORE Reports Q2 FY2024 Earnings Results for Period Ending September 30 2023
November 20, 2023
🌥️Earnings Overview
On November 14 2023, BOUSTEAD SINGAPORE ($SGX:F9D) announced its financial results for the second quarter of FY2024, which ended on September 30 2023. Total revenue amounted to SGD 367.9 million, representing a 49.0% year-on-year increase, while the reported net income was SGD 26.8 million, a rise of 18.8% from the corresponding period of the previous year.
Share Price
On Tuesday, BOUSTEAD SINGAPORE reported its financial results for the second quarter of FY2024 with a closing stock price of $0.8 at the end of the period ending September 30 2023. This marked an increase of 1.8% from its prior closing price of $0.8. Overall, BOUSTEAD SINGAPORE reported strong financial results for the quarter with increases in both revenue and profit.
The company’s financial position remains strong with a healthy balance sheet and solid cash reserves. Investors are encouraged by these results and have responded accordingly as the stock opened at SG$0.8 and closed at SG$0.8, up by 1.8% from its prior closing price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Boustead Singapore. More…
| Total Revenues | Net Income | Net Margin |
| 682.7 | 49.58 | 6.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Boustead Singapore. More…
| Operations | Investing | Financing |
| 133.96 | -39.42 | -55.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Boustead Singapore. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.22k | 633.46 | 0.98 |
Key Ratios Snapshot
Some of the financial key ratios for Boustead Singapore are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.9% | -5.0% | 12.6% |
| FCF Margin | ROE | ROA |
| 19.0% | 11.7% | 4.4% |
Analysis
At GoodWhale, we have taken a closer look at BOUSTEAD SINGAPORE‘s financials and our analysis has yielded interesting results. Based on our Star Chart assessment, we determined that BOUSTEAD SINGAPORE is strong in dividends, and medium in asset, growth, and profitability. They also have a high health score of 9/10 with regard to their cashflows and debt, which means they are capable of paying off their debt and funding future operations. In conclusion, we have classified BOUSTEAD SINGAPORE as a ‘rhino’, meaning they have achieved moderate revenue or earnings growth. This type of company may be attractive to investors looking for a company with a solid dividend payout, as well as those looking for some potential growth. More…
Peers
Its main competitors include Digistar Corp Bhd, Cyient Ltd, and Concordis Group Inc. All of these companies are engaged in similar industries and are vying to become the premier provider in their respective fields. Despite the competition, Boustead Singapore Ltd remains the leader in its market and continues to strive for excellence in all its endeavors.
– Digistar Corp Bhd ($KLSE:0029)
Digistar Corp Bhd is a technology company that specializes in providing high-performance computing solutions. With a market cap of 26.04M as of 2022, the company has a solid foothold on the market. Its Return on Equity (ROE) of 13.16% is an indication of its strong financial performance. This suggests that the company has been able to generate profits for shareholders and has been able to maintain a healthy balance sheet. The company is well-positioned to weather any economic downturns and capitalize on potential opportunities.
– Cyient Ltd ($BSE:532175)
Cyient Ltd is an Indian multinational technology and engineering solutions provider with operations in over 20 countries. It provides a wide range of services, including engineering design services, product lifecycle, software development, and IT services, across multiple industries including aerospace, automotive, energy, medical, mining, oil and gas, railway, telecom, and utilities. With a market cap of 87.19B as of 2022 and a Return on Equity of 14.28%, Cyient Ltd is proving to be a major player in the technology and engineering solutions industry. The company has consistently delivered strong returns to its shareholders and has been able to maintain its competitive edge in the market. It continues to strengthen its global footprint with strategic partnerships and innovative solutions.
Summary
Boustead Singapore reported strong financial results for the second quarter of FY2024, with total revenue up 49.0% year-on-year to SGD 367.9 million and net income up 18.8% to SGD 26.8 million. This indicates good operational performance and strong demand for Boustead Singapore’s products and services. The company is well-positioned to continue its growth trajectory going forward and investors should consider taking a closer look at Boustead Singapore as a potential investment opportunity.
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