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BRC Asia
Broker's Calls
CGS-CIMB keeps 'add' rating on BRC Asia, lowers TP to $2.20
The analysts expect a “meaningful rebound” in the company’s 2HFY2023 profitability on a strong industry order book.
May 11, 2023
Results
BRC Asia 1HFY2023 earnings down 34% y-o-y on lower sales and margin
'BRC remains an integral part of Singapore's construction sector,' says CEO Seah Kiin Peng
May 10, 2023
Broker's Calls
UOB Kay Hian downgrades BRC Asia to 'hold' following 'weak' 1QFY2023 results from ongoing headwinds
Analysts Llelleythan Tan and John Cheong also slashed their target price estimate to $1.66 from $2.42.
March 10, 2023
Broker's Calls
CGS-CIMB lowers BRC Asia's EPS estimates and TP after bracing for slower offtake
CGS-CIMB Research has kept its 'add' call while lowering its TP to $2.40 from $2.50 previously.
February 15, 2023
Results
BRC Asia reports $11.7 mil in profit after tax for 1QFY2023
The group’s sales orderbook stood at around $1.4 billion as at end-December with the duration of projects ranging up to five years
February 08, 2023
Results
BRC Asia reports record earnings of $90.2 million for FY2022, 12 cents worth of dividends heading shareholders' way
As at Sep 30, the company has built an order book of $1.4 billion
November 29, 2022
Broker's Calls
CGS-CIMB ‘overweight’ on building materials sector with BRC Asia as top pick
Apart from improving labour, the analysts note that construction output recovered well in July.
September 22, 2022
Broker's Calls
Analysts are mixed on BRC despite 'excellent' 3QFY2022 results
UOBKH lowers its target price from $2.15 to $2, pointing at compressed margins for BRC Asia.
August 19, 2022
Broker's Calls
PhillipCapital keeps BRC Asia at 'buy' on recovery of construction demand
BRC Asia’a order book from construction is up slightly to $1.135 billion for 3QFY2022 from $1 billion
August 09, 2022
Broker's Calls
UOB Kay Hian adds Sembcorp Industries and BRC Asia to its alpha picks portfolio, removes Keppel Corp and MM2
The team’s portfolio outperformed the STI in July, increasing by 5.4% on a market cap weighted basis.
August 03, 2022