September 3, 2025
Boustead Singapore (SGX: F9D) is one of the oldest companies in Singapore, having been founded way back in 1828 by Sir Edward Boustead.
The conglomerate is also a steady dividend stalwart and has paid out a dividend every single year since its IPO back in 2002.
As of 3 September 2025 (1:30pm), shares of Boustead have surged by more than 65% year-to-date, giving the group a market capitalisation of close to S$870 million.
That’s including a 14% gain today, at the time of writing.
Can the conglomerate continue to outperform and break through its 52-week high of S$1.72?
Let’s find out.
Multiple businesses
Before we dig deeper, let’s break down Boustead’s various businesses to gain a better understanding of the conglomerate.
Boustead has four key divisions – energy engineering, real estate, geospatial technology, and healthcare.
The energy engineering division sells heat transfer products, including furnaces, reformers, and crackers, as well as…
