FOR the 5 trading sessions that spanned Mar 4 to 10, the Straits Times Index (STI) declined 0.4 per cent, with the FTSE China A50 Index falling 5.6 per cent, the Hang Seng Index dropping 6.7 per cent and the FTSE Bursa Malaysia KLCI slipping 2.2 per cent.

FOR the 5 trading sessions that spanned Mar 4 to 10, the Straits Times Index (STI) declined 0.4 per cent, with the FTSE China A50 Index falling 5.6 per cent, the Hang Seng Index dropping 6.7 per cent and the FTSE Bursa Malaysia KLCI slipping 2.2 per cent.

CGS-CIMB Research analyst Ong Khang Chuen has maintained his “add” rating on Hong Leong Asia after the group reported its results for the 2HFY2021 and FY2021 ended December on Feb 25. In his report dated March 8, Ong has lowered his target price to $1 from $1.05 before. “We believe the worst...

HONG Leong Asia's net profit fell 26 per cent year on year to S$19.4 million for the half year ended Dec 31, 2021, as its engine-making unit Yuchai faced a 21 per cent drop in sales volumes to 171,449 units due to lower truck engine sales.

Steel supplier BRC Asia has reported earnings of $47 million for the financial year ended Sept 30, up 131% y-o-y. Revenue in the same period was up by 91% y-o-y to $1,17 billion, thanks to higher sales volume with the pick-up in construction activities, coupled with higher selling prices in tandem w...

THE following companies saw new developments that may affect trading of their securities on Thursday (Oct 21):

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

UOB Kay Hian analyst Llelleythan Tan has maintained his buy call on BRC Asia, but has lowered his target price from $2 to $1.76. In a Sept 23 report, Tan said that being the market leader in the supply of steel products in Singapore, BRC is set to benefit from the recovery in the construction sector...

The three companies that won in this industry sector are a rather diversified bunch. The Place Holdings came out tops for the returns to shareholders category as well as the overall sector winner. Led by CEO Fan Xianyong, the company operates via three business “pillars”: property development an...

BRC Asia has so far evaded the turmoil in the construction sector: The seller of steel products is even reporting strong revenue and earnings growth, and has attracted the attention of conglomerate Hong Leong Asia.