Home Capital Broker's Calls

DBS starts 'buy' on BRC Asia on the back of recovery of the construction sector

Felicia Tan
Felicia Tan6/8/2022 07:01 PM GMT+08  • 4 min read
DBS starts 'buy' on BRC Asia on the back of recovery of the construction sector
One of BRC Asia's buildings at Tuas Avenue. Photo: Albert Chua/The Edge Singapore
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.

DBS Group Research has initiated “buy” on BRC Asia Limited with a target price of $2.40.

The target price is based on a one year forward P/E of 8.2x, representing a discount of 15% to the company’s five-year historical mean, in view of the current global economic uncertainties, writes analyst Lee Eun Young in her June 8 report.

Lee’s recommendation comes on the back of the strong recovery of the construction sector, which is en-route to its pre-pandemic levels.

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.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now