- BRC Asia reported lower FY23 earnings of S$76m (-16% y-o-y), dragged by the heightened safety period in 1HFY23. However, FY23 earnings were still above our expectation, driven by a robust 4QFY23 as gross margins expanded.
- - Read this at SGinvestors.io -
Strong 4QFY23 results.
- BRC Asia (SGX:BEC) reported lower FY23 revenue and PATMI of S$1,627m (-4% y-o-y) and S$75.7m (-16% y-o-y) respectively, forming 97% and 111% of our full-year estimates and above our expectations. Excluding a one-off S$7.8m loss on its Maldives resort investment, PATMI would have formed 122% of our full-year forecast.
- - Read this at SGinvestors.io -
Another special dividend.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Llelleythan Tan UOB Kay Hian Research | Heidi Mo UOB Kay Hian | https://research.uobkayhian.com/ 2023-12-12
Read also UOB's most recent report:
2026-02-16 BRC Asia - 1QFY26 Results A Positive Surprise.
Previous report by UOB:
2025-12-05 BRC Asia - Strong FY25 Earnings Supported By Construction Upcycle.
Price targets by other brokers at BRC Asia Target Prices.
Listing of research reports at BRC Asia Analyst Reports.
Relevant links:
BRC Asia Share Price History,
BRC Asia Announcements,
BRC Asia Dividend Payout Dates & Corporate Actions,
BRC Asia News
