Boustead Singapore

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https://www.theedgesingapore.com/capital...24-results

So so so undervalued.... SOTP valuation easily more than $3 by now....

99.5% of BP (RNAV of BP is more than $2) => Boustead's share is $1.3...
Net cash of Boustead = ~$0.5
Geo-spatial = 12 times PE x PBT (~$40m) = ~$1
Engineering = 8 times PE x PBT (~$30m) = ~$0.50
Health care = $0

(basis is at page 31).

Boustead SGXNet Announcement-FY2024-27.05.2024.ashx

Total SOTP Valuation = >$3
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Hi Curiousparty,

What you have shared above couldn't be deemed as total RNAV of Boustead Singapore. This is because you are using PE valuations for Geo-spatial and Engineering business segments and then added up with RNAV valuation of BP to compute it.

If you want to compute the total RNAV of Boustead Singapore, you have to be consistent. Meaning, you have to use RNAV valuation of all their business segments and then add them all up together.

I would be more acceptable if you had stated the above computation of yours is SOTP (Sum of the Parts) valuation of Boustead Singapore.
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