Boustead announced earning growth of 43% for 1Q2012. This earning growth rate is fantastic! Many companies are not able to produce this kind of earnings in this challenging environment.
Today Boustead is trading at $0.9650. This stock has since appreciated 17%. In addition this stock pays a dividend yield of 7% based on our entry price. This means that while we are waiting for the stock to appreciate in value, we are being rewarded 7% dividend per year.
In our opinion Boustead is one of the most undervalued stock at Singapore Exchange.
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