Boustead Singapore (F9D.SG) shot up at the opening, gaining 5.7% to hit 83.5 cents or more than its three-month high, as news of its engineering group’s order book reaching $500 million in two weeks fuel interest.
Boustead’s total contract value was boosted by its latest project worth $68 million to supply equipment to energy plants in Australia, Brazil, Saudi Arabia, UK. The deal comes just two weeks after Boustead landed its record largest contract, worth $107 million, to build production plant.
