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PhillipCapital, UOB Kay Hian raise respective target prices for BRC Asia following 1QFY2026 earnings

The Edge Singapore
The Edge Singapore  • 2 min read
PhillipCapital, UOB Kay Hian raise respective target prices for BRC Asia following 1QFY2026 earnings
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BRC Asia's better-than-expected 1QFY2026 has prompted analysts to raise their already bullish target prices higher. In addition, the steel supplier's order book enjoyed continuing strong momentum, with an increase of 16% q-o-q and 47% y-o-y to $2.2 billion, thanks to orders from major projects such as the airport's Terminal 5.

For the three months to Dec 2025, patmi jumped 40% y-o-y $27.3 million, with delivery volumes up 42% y-o-y.

The company is estimated to command a 55-60% share of Singapore’s steel market, positioning it to benefit from rising construction activity.

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