He adds that with the construction of Changi Airport’s Terminal 5 beginning in the first half of 2025, as well as the expansion of the integrated resort at the southern end of Singapore, ongoing public housing and MRT projects, he expects strong revenue growth within the next three years.
PhillipCapital analyst Yik Ban Chong has maintained his “accumulate” call on BRC Asia (SGX:BEC
) at a raised target price of $3.15 from $2.80 previously on the group’s record order book of $1.5 billion as at Dec 31, 2024.
Yik writes in his Feb 13 report: “BRC Asia states that the order book ranges up to five years, although we believe most can be completed within three years due to construction projects ramping up.”
