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Company in the news
BRC Asia disposes of stake in Pristine Islands in IPT
E Street Capital will pay BRC Asia US$1.3 million ($1.8 million) for the shares and US$12.7 million for the sale loan.
January 02, 2024
Broker's Calls
UOB Kay Hian upgrades BRC Asia to 'buy', citing healthy outlook an attractive yield
The stock now trades at a yield of around 10%
December 12, 2023
Broker's Calls
DBS raises BRC Asia's target price to $2
BRC Asia's 'strong' order book of $1.3 billion and accelerating site progress will be key drivers for the current FY2024
December 06, 2023
Broker's Calls
Brokers’ Digest: BRC Asia, Venture Corp, UMS, Valuetronics, Sea, Frasers Property, SGX, Delfi
See what the analysts have to say this week.
November 24, 2023
Broker's Calls
CGS-CIMB raises BRC Asia target price on further pick up in construction activities
BRC Asia plans to pay a total dividend fo 16 cents for FY2023, giving a yield of around 10%
November 22, 2023
Results
BRC Asia FY2023 earnings down 16% y-o-y despite 2HFY2023 rally
For 2HFY2023, BRC Asia recorded earnings of $49.5 million, down just 2% y-o-y.
November 21, 2023
Billion Dollar Club 2023
BRC Asia reaps synergies from Lee Metal acquisition
BRC Asia is the largest total reinforcing steel solutions manufacturer worldwide
November 09, 2023
Construction
BRC Asia steels for recovery, eyes region for further growth
BRC Asia has built up an order book of $1.34 billion to be delivered for use in construction projects over the next several years.
August 30, 2023
Results
BRC Asia reports earnings of $22.6 million for 3QFY2023
Construction activity has recovered from the pandemic lows but some contractors are struggling to complete projects
August 06, 2023
Broker's Calls
DBS keeps 'buy' on BRC Asia despite 1HFY2023 dip, sees improvements to come
DBS analyst Lee Eun Young has reduced her target price to $1.89 from $2.22 previously.
May 19, 2023