- BRC Asia's FY24 revenue was below expectations, 90% of our FY24e estimates. An estimated 10% fall in steel prices and engineering delays, has caused slower progress in project completion.
- - Read this at SGinvestors.io -
- BRC Asia's order book increased 8% y-o-y to S$1.4bn (4Q24: $1.3bn), one of the highest recorded by the group.
The Positives
Strong order book, with visibility for up to five years.
- - Read this at SGinvestors.io -
- We believe orders will get a boost in FY25e from the expansion of the two integrated resorts and the commencement of Changi Airport Terminal 5 next year.
Higher dividends and payout ratio.
- Read more at SGinvestors.io.
Above is the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Yik Ban Chong Phillip Securities Research | http://www.poems.com.sg/ 2024-11-27
Previous report by Phillip:
2024-08-23 BRC Asia - Supply Chain Bottlenecks Impacted Revenue.
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 Dividends & Corporate Actions,
BRC Asia News Articles
