As the Straits Times Index (STI) turned in a “respectable performance” in the 1Q2021, PhillipCapital’s head of research Paul Chew writes that he remains positive on equity markets, in an April 1 report. This comes on the back of a pick-up in global economic momentum, as well as signs of reflat...

BRC Asia is on track to double net profit in FY2021 to a record high of $40 million, says CGS-CIMB Research.  Analyst Ong Khang Chuen has maintained his ‘add’ rating for the company with an unchanged target price of $1.90 on the back of construction activities in Singapore which have c...

Frasers Logistics & Commercial Trust (FLCT) could replace Jardine Strategic as a constituent in the next review of the Straits Times Index (STI) in June, says CGS-CIMB Research analyst Lim Siew Khee. See: Jardine Matheson Holdings to acquire remaining stake in Jardine Strategic for US$5.5 b...

PhillipCapital’s senior research analyst Terence Chua has started coverage on BRC Asia with a “buy” rating and a target price of $1.87. In a Feb 22 note, Chua forecasts “record earnings” for FY2021 and FY2022 of $42 million and $45 million respectively on the back of a general recovery in ...

UOB Kay Hian analyst Lucas Teng has maintained his “buy” call on BRC Asia with a higher target price of $2 from $1.88 previously. The higher target price comes as BRC Asia reported net profit of $9.6 million in the 1QFY2021, which came in Teng’s expectations at 25% of his full-year estimates. ...

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

Mainboard-listed BRC Asia, the provider of steel reinforcement solutions, has reported earnings of $9.6 million for the 1QFY2021 ended December, 24% lower than earnings of $12.7 million a year ago. The lower earnings were attributable to provisions totalling $13.2 million. The previsions were for on...

MAINBOARD-LISTED steel-reinforcement solutions provider BRC Asia has reported a 24 per cent decline in net profit for its fiscal first quarter on the back of lower revenue, and provisions.

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

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...