BRC Asia: Good Proxy To Rising Construction Activity; Upgrade To BUY with 43% Higher Target Price

BRC Asia - UOB Kay Hian 2025-09-05: Good Proxy To Rising Construction Activity; Upgrade To BUY with 43% Higher Target Price

BRC Asia: Good Proxy To Rising Construction Activity; Upgrade To BUY with 43% Higher Target Price

SGinvestors.io

Published: 2025-09-10 03:36 AM

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We expect BRC Asia to continue benefitting from rising steel demand as construction activity accelerates, given its dominant market share as the largest steel supplier in Singapore. Its record S$2b orderbook, boosted by major wins like Changi Airport T5, provides strong multi-year earnings visibility.

Dominant player in Singapore steel market expanding regionally.

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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/.

SGinvestors.io

Heidi Mo UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-09-05

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