Maintaining the barbell approach recommended by analysts is proving heavy this year.Singapore investors not only have to contend with new waves of Covid-19 in July, as warned by health minister Ong Ye Kung, but also consider a host of worries abroad.RHB Group Research analyst Shekhar Jaiswal lists t...

DBS Group Research has initiated “buy” on BRC Asia Limited with a target price of $2.40.The target price is based on a one year forward P/E of 8.2x, representing a discount of 15% to the company’s five-year historical mean, in view of the current global economic uncertainties, writes analyst L...

BRC Asia will likely be a key beneficiary of a construction sector recovery, noted DBS Group Research as it initiated coverage on the steel reinforcement solutions provider with a “buy” call and a target price of S$2.40.

A rebound in construction activities helped BRC Asia Holdings beat expectations in 1HFY2022, says SAC Capital analyst Peggy Mak.Revenue grew 61.0% y-o-y to $793.3 million, and net profit grew 108% to $39.8 million, buoyed by higher steel prices (up about 35%) and volume (up about 25%).In a May 25 no...

CGS-CIMB Research analysts Lock Mun Yee, Lim Siew Khee, as well as the Singapore research team are advocating investors stay defensive in the near-term.“We expect the market to remain volatile with increased external risks,” the analysts write in their strategy note dated May 26.With this, the a...

PHILLIP Securities Research on Friday (May 20) raised its target price on BRC Asia to S$2.26 from S$1.84, following the fast recovery of the construction sector. It maintained a “buy” call on the counter.

Global issues like the Russsia-Ukrainian War and supply chain disruptions continue to affect markets around the world. RHB Group Investment Bank CEO Ganesh Sabaratnam observes that central banks today are treading a fine line between attempting to cap inflation without impacting economic growth — ...

BRC Asia is riding on industry tailwinds, with its latest net profit doubling y-o-y, say CGS-CIMB Research analysts Ong Khang Chuen and Kenneth Tan“BRC's 1HFY2022 net profit rose to $39.8 million (up 108% y-o-y), above expectations at 77% of our FY2022F. Revenue grew 61% y-o-y to $793.3 million on...

BRC Asia has reported earnings of $39.8 million for the 1HFY2022 ended March, 108% higher than net profit of $19.2 million in the same period the year before.Earnings per share (EPS) for the period stood at 14.65 cents, higher than the 8.08 cents in the 1HFY2021.Revenue for the half-year period incr...

The building and construction sector faces an intact recovery despite macro challenges, say CGS-CIMB Research analysts Ong Khang Chuen and Kenneth Tan.In a May 4 note, Ong and Tan are maintaining “overweight” on the sector. CGS-CIMB hosted BRC Asia, Pan-United Corporation and Vicplas Internation...