BRC Asia

UOB Kay Hian, citing near and long term growth, raises BRC Asia's target price to $2.42 - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian, citing near and long term growth, raises BRC Asia's target price to $2.42

Long term growth is underpinned by mega projects such as Changi Airport's Terminal 5, Tuas Port and the Cross Island MRT line

kopi-C: the Company brew

BRC Asia's CEO: 'We've become the leader in Singapore's reinforcing steel fabrication industry'

The potential for BRC Asia to scale outside of Singapore is massive

Results

Hong Leong Asia's FY2023 earnings up 19%

The company has declared a dividend of 2 cents per share

Broker's Calls

CGS-CIMB maintains 'add' call on BRC Asia, citing highest construction demand since 2015

They also like the stock for its 9% dividend yield and "undemanding" valuation of just 6x 2025 earnings

Company in the news

BRC Asia disposes of stake in Pristine Islands in IPT

E Street Capital will pay BRC Asia US$1.3 million ($1.8 million) for the shares and US$12.7 million for the sale loan.
DBS raises BRC Asia's target price to $2 - THE EDGE SINGAPORE

Broker's Calls

DBS raises BRC Asia's target price to $2

BRC Asia's 'strong' order book of $1.3 billion and accelerating site progress will be key drivers for the current FY2024
CGS-CIMB raises BRC Asia target price on further pick up in construction activities - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB raises BRC Asia target price on further pick up in construction activities

BRC Asia plans to pay a total dividend fo 16 cents for FY2023, giving a yield of around 10%
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