For its 1HFY2025 ended March, the steel supplier reported revenue that was 5.6% lower y-o-y no thanks to lower prices. However, earnings in the same period was up 9.2% y-o-y thanks to higher-than-expected other income and lower finance and operating costs.
PhillipCapital and UOB Kay Hian have raised their respective target prices on BRC Asia (SGX:BEC
) given strong demand growth ahead from public housing and other infrastructure works such as the airport's Terminal 5.
The company's order book as at end of 2QFY2025 ended March was $1.5 billion.
