“[The] outlook for public sector construction projects continues to show a steadfast demand, though the risks of project delays remain,” writes Teng.
Steel mesh manufacturer BRC Asia is “in line with expectations” for 2QFY2021 and is “as sturdy as steel”, says UOB Kay Hian Research analyst Lucas Teng in a May 11 note.
Teng is maintaining his “buy” call on BRC Asia with a target price of $2.00, which represents a 29.7% upside.
