Home Capital Broker's Calls

BRC Asia 'sturdy as steel' despite risks to construction sector: UOBKH

Jovi Ho
Jovi Ho5/11/2021 2:38 PM GMT+08  • 3 min read
BRC Asia 'sturdy as steel' despite risks to construction sector: UOBKH
Recovery is still in progress, says UOB Kay Hian, as 2QFY2021 revenue improved to $279 million (+21% y-o-y, +31% q-o-q).
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Steel mesh manufacturer BRC Asia is “in line with expectations” for 2QFY2021 and is “as sturdy as steel”, says UOB Kay Hian Research analyst Lucas Teng in a May 11 note.

Teng is maintaining his “buy” call on BRC Asia with a target price of $2.00, which represents a 29.7% upside.

“[The] outlook for public sector construction projects continues to show a steadfast demand, though the risks of project delays remain,” writes Teng.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.