- Backed by a decent FY26 dividend yield of 5.3%, we upgrade BRC Asia to BUY with a 43% higher BRC Asia's target price of S$4.69. With favourable tailwinds, BRC Asia’s earnings momentum is expected to continue going into FY26.
- - Read this at SGinvestors.io -
Dominant player in Singapore steel market expanding regionally.
- - Read this at SGinvestors.io -
- On 14 Aug 25, BRC Asia announced completion of the acquisition of a 55% stake in Southern Steel Mesh.
- Southern Steel Mesh (SSM) operates four manufacturing plants in the central and northern regions of Malaysia, supplying welded wire mesh and reinforcement products to domestic and regional markets. The acquisition provides BRC Asia with a strategic foothold into Malaysia, diversifies its revenue and enhances its scale in Southeast Asia.
- Management aims to enhance value by upgrading SSM’s operations to better compete with other leading downstream steel manufacturers.
Tailwinds from major infrastructure spending and housing.
- Read more at SGinvestors.io.
