BRC Asia has entered into a placement agreement with CGS-CIMB Securities in a bid to raise $14.2 million. Under the terms of the agreement, BRC Asia will issue up to 10 million new ordinary shares in the capital of the company at an issue price of $1.42. The placement is not underwritten and will be...

BRC Asia on Monday announced that it has proposed to place up to 10 million shares at S$1.42 apiece to raise a total sum of about S$13.7 million.

THE Covid-19 pandemic has dealt a blow to the construction sector, leading BRC Asia to put its internationalisation plans on the back burner. Nevertheless, the mainboard-listed steel dealer says it continues to have China and overseas expansion in its sights.

THE following companies saw new developments that may affect trading of their securities on Monday:

UOB Kay Hian analyst John Cheong and the Singapore research team have highlighted BRC Asia, Food Empire, Frencken and InnoTek as its top buy picks among the small-mid cap sector. He has given all three “buy” calls with target prices of $1.88, 88 cents and 82 cents respectively. The brokerage has...

At the risk of sounding obvious, 2020 has not been a normal year. That is why we are organising the annual Billion Dollar Club differently although we wish we could have a physical event so that we can meet our winners in person, congratulate them, greet old friends and make new ones. Nonetheless, t...

THE following companies saw new developments that may affect trading of their securities on Monday.

MAINBOARD-LISTED steel dealer BRC Asia's full-year net profit fell 35.5 per cent to S$20.4 million, from S$31.6 million a year earlier, amid disruptions due to Covid-19.

With a viable Covid-19 vaccine seemingly just around the corner, global investors are increasingly switching out of growth plays towards value stocks. Despite signs of optimism in market laggards, UOB KayHian analyst Adrian Loh urges investors to buy into blue chips with strong financials and divide...

BRC Asia, the largest steel reinforcement supplier in Singapore, plans to sell a property located at 32G Nassim Road for S$38.38 million, it said on Monday.