- We recently upgraded Hong Leong Asia's 20% associate BRC Asia to BUY with a target price of S$4.69 as it is a key beneficiary of Singapore's construction activity (see report).
- - Read this at SGinvestors.io -
Dominant player in Singapore steel market and expanding regionally.
- - Read this at SGinvestors.io -
- Additionally, BRC Asia recently acquired a 55% stake in Southern Steel Mesh, which has a 60% market share in Malaysia for welded wire mesh and also supplies reinforcement products to domestic and regional markets. In our view, the acquisition provides BRC Asia with a strategic foothold into Malaysia, diversifies its revenue and enhances its scale in Southeast Asia.
China Yuchai International – outperforming its larger peer in China.
- 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/.
Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-09-15
Read also UOB's most recent report:
2026-04-22 Hong Leong Asia - Knocking On The Right Door: A Defensive Bolt-on Acquisition.
Previous report by UOB:
2026-01-29 Hong Leong Asia - IPO For A High-growth Subsidiary With DC and AI Exposure.
Price targets by other brokers at Hong Leong Asia Target Prices.
Listing of research reports at Hong Leong Asia Analyst Reports.
Relevant links:
Hong Leong Asia Share Price History,
Hong Leong Asia Announcements,
Hong Leong Asia Dividend Payout Dates & Corporate Actions,
Hong Leong Asia News
