UOB Kay Hian analyst Lucas Teng has maintained his “buy” call on BRC Asia with a higher target price of $2 from $1.88 previously.

The higher target price comes as BRC Asia reported net profit of $9.6 million in the 1QFY2021, which came in Teng’s expectations at 25% of his full-year estimates.

See: BRC Asia reports 24% lower 1Q21 earnings of $9.6 mil after provisions of $13.2 mil

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