Added to YB: 2026-09-14
Pitch date: 2026-08-27
F9D.SI [neutral]
Boustead Singapore Limited
Author Info
Whiteout Capital is a software engineer and private investor publishing independent research focused on global microcaps. Sign up for the newsletter.
Company Info
Boustead Singapore Limited, an investment holding company, provides energy engineering, real estate, geospatial, and healthcare technology solutions in Singapore, Australia, Malaysia, the United States, Europe, rest of Asia Pacific, North and South America, the Middle East, and Africa.
Market Cap
SGD 908.5M
Pitch Price
N/A
Price Target
N/A
Dividend
5.56%
EV/EBITDA
4.87
P/E
3.86
EV/Sales
1.04
Sector
Construction and Engineering
Category
value
Traverse #1 - Starting Singapore Exchange: #'s-C - Boustead Singapore Limited
F9D.SI (quick overview): Boustead Singapore is a roughly 200-year-old engineering conglomerate whose crown jewel is exclusive distribution of Esri’s dominant ArcGIS geospatial software across Australia and Southeast Asia, providing a quasi-monopoly with often long-term, sticky contracts. The company has a $735m market cap and $530m enterprise value on $486m of revenue, but depends on Esri for distribution rights; unclear succession, capital allocation and potential privatization are key risks.
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