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BRC reinforces position in reinforced steel industry; medium-term recovery intact

Lim Hui Jie
Lim Hui Jie • 3 min read
BRC reinforces position in reinforced steel industry; medium-term recovery intact
CGS-CIMB has reiterated its “buy” call on BRC Asia with a lowered target price of $1.35 from $1.55. The recommendation comes despite a core net loss of $6.4 million recorded for the 3QFY19/20 ended June.
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