Boustead Projects eyes larger overseas revenue share with Malaysia, Vietnam expansion

What happened: Boustead Projects is stepping up expansion in Malaysia and Vietnam and aims to derive a larger share of its engineering and construction revenue from overseas markets. Key numbers: Target of 25 to 33 per cent of E&C revenue from overseas within five years, versus 10 to 30 per cent currently. Targeting S$500 million to S$700 million in new construction orders annually. Why it matters: The company wants a more consistent overseas contribution over a larger revenue base, reducing reliance on a variable share of foreign sales.

Boustead Projects is stepping up expansion in Malaysia and Vietnam and aims to derive a larger share of its engineering and construction revenue from overseas markets.

The company wants a more consistent overseas contribution over a larger revenue base, reducing reliance on a variable share of foreign sales.