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.

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